Monthly Rent Report
ZIP 90016 Rent Report — May 2023
Asking rents in ZIP 90016, New York City, from 460 listings.
Median 1BR rent in ZIP 90016 was $2,360 in May 2023, up 7.0% (+$154) from April 2023 and down 21.3% year-over-year. The middle half of 1BR listings asked between $2,330 and $2,360. That puts ZIP 90016 $117 below the New York City citywide 1BR median of $2,477. The month's figures are based on 460 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,806 | $0 (0.0%) | +$211 (+13.2%) | $1,802 – $1,956 | 46 |
| Studio | $1,675 | −$131 (-7.3%) | +$80 (+5.0%) | $1,675 – $1,675 | 1 |
| 1BR | $2,360 | +$154 (+7.0%) | −$640 (-21.3%) | $2,330 – $2,360 | 7 |
| 1BR | $2,256 | +$50 (+2.3%) | −$744 (-24.8%) | $1,995 – $3,361 | 115 |
| 2BR | $2,450 | −$45 (-1.8%) | −$142 (-5.5%) | $2,450 – $2,450 | 1 |
| 2BR | $3,000 | +$505 (+20.2%) | +$408 (+15.7%) | $2,550 – $4,339 | 133 |
| 3BR | $3,650 | +$205 (+6.0%) | +$50 (+1.4%) | $3,625 – $3,675 | 2 |
| 3BR | $3,650 | +$205 (+6.0%) | +$50 (+1.4%) | $3,395 – $4,250 | 95 |
| 4BR | $4,800 | +$1,450 (+43.3%) | +$305 (+6.8%) | $3,895 – $5,000 | 25 |
| 4BR | $5,000 | +$1,650 (+49.3%) | +$505 (+11.2%) | $3,363 – $5,000 | 3 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
ZIP 90016 vs. New York City — May 2023
| Bedrooms | ZIP 90016 Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,806 | $2,450 | −$644 (-26.3%) |
| Studio | $1,675 | $2,450 | −$775 (-31.6%) |
| 1BR | $2,360 | $2,477 | −$117 (-4.7%) |
| 1BR | $2,256 | $2,477 | −$221 (-8.9%) |
| 2BR | $2,450 | $2,800 | −$350 (-12.5%) |
| 2BR | $3,000 | $2,800 | +$200 (+7.1%) |
| 3BR | $3,650 | $3,225 | +$425 (+13.2%) |
| 3BR | $3,650 | $3,225 | +$425 (+13.2%) |
| 4BR | $4,800 | $4,000 | +$800 (+20.0%) |
| 4BR | $5,000 | $4,000 | +$1,000 (+25.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.