Monthly Rent Report
ZIP 7111 Rent Report — March 2023
Asking rents in ZIP 7111, New York City, from 8 listings.
Median 1BR rent in ZIP 7111 was $1,200 in March 2023, down 11.6% (−$158) from February 2023 and down 11.1% year-over-year. The middle half of 1BR listings asked between $1,200 and $1,200. That puts ZIP 7111 $1,099 below the New York City citywide 1BR median of $2,299. The month's figures are based on 8 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,195 | +$245 (+25.8%) | −$105 (-8.1%) | $1,195 – $1,195 | 1 |
| 1BR | $1,200 | −$158 (-11.6%) | −$150 (-11.1%) | $1,200 – $1,200 | 1 |
| 2BR | $1,350 | −$340 (-20.1%) | −$219 (-14.0%) | $1,350 – $1,350 | 1 |
| 3BR | $1,925 | −$175 (-8.3%) | +$175 (+10.0%) | $1,838 – $2,013 | 2 |
| 4BR | $2,450 | +$600 (+32.4%) | +$650 (+36.1%) | $2,424 – $2,475 | 2 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
ZIP 7111 vs. New York City — March 2023
| Bedrooms | ZIP 7111 Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,195 | $2,200 | −$1,005 (-45.7%) |
| 1BR | $1,200 | $2,299 | −$1,099 (-47.8%) |
| 2BR | $1,350 | $2,650 | −$1,300 (-49.1%) |
| 3BR | $1,925 | $3,200 | −$1,275 (-39.8%) |
| 4BR | $2,450 | $3,995 | −$1,545 (-38.7%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in March 2023.