Monthly Rent Report
ZIP 7111 Rent Report — May 2024
Asking rents in ZIP 7111, New York City, from 6 listings.
Median 1BR rent in ZIP 7111 was $1,375 in May 2024, flat versus April 2024 and down 5.2% year-over-year. The middle half of 1BR listings asked between $1,363 and $1,388. That puts ZIP 7111 $1,050 below the New York City citywide 1BR median of $2,425. The month's figures are based on 6 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,195 | $0 (0.0%) | −$54 (-4.3%) | $1,195 – $1,195 | 1 |
| 1BR | $1,375 | $0 (0.0%) | −$75 (-5.2%) | $1,363 – $1,388 | 2 |
| 2BR | $2,000 | +$425 (+27.0%) | +$600 (+42.9%) | $2,000 – $2,000 | 1 |
| 3BR | $2,150 | −$200 (-8.5%) | +$275 (+14.7%) | $2,125 – $2,175 | 2 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
ZIP 7111 vs. New York City — May 2024
| Bedrooms | ZIP 7111 Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,195 | $2,350 | −$1,155 (-49.1%) |
| 1BR | $1,375 | $2,425 | −$1,050 (-43.3%) |
| 2BR | $2,000 | $2,914 | −$913 (-31.4%) |
| 3BR | $2,150 | $3,600 | −$1,450 (-40.3%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2024.