Monthly Rent Report
ZIP 7111 Rent Report — May 2023
Asking rents in ZIP 7111, New York City, from 6 listings.
Median 1BR rent in ZIP 7111 was $1,450 in May 2023, flat versus April 2023 and up 11.6% year-over-year. The middle half of 1BR listings asked between $1,450 and $1,450. That puts ZIP 7111 $1,027 below the New York City citywide 1BR median of $2,477. The month's figures are based on 6 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,249 | −$426 (-25.4%) | +$149 (+13.5%) | $1,249 – $1,249 | 1 |
| 1BR | $1,450 | $0 (0.0%) | +$151 (+11.6%) | $1,450 – $1,450 | 1 |
| 2BR | $1,400 | −$147 (-9.5%) | −$222 (-13.7%) | $1,400 – $1,400 | 1 |
| 3BR | $1,875 | +$75 (+4.2%) | −$25 (-1.3%) | $1,838 – $1,913 | 2 |
| 4BR | $2,195 | — | +$645 (+41.6%) | $2,195 – $2,195 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
ZIP 7111 vs. New York City — May 2023
| Bedrooms | ZIP 7111 Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,249 | $2,450 | −$1,201 (-49.0%) |
| 1BR | $1,450 | $2,477 | −$1,027 (-41.5%) |
| 2BR | $1,400 | $2,800 | −$1,400 (-50.0%) |
| 3BR | $1,875 | $3,225 | −$1,350 (-41.9%) |
| 4BR | $2,195 | $4,000 | −$1,805 (-45.1%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.