Monthly Rent Report
ZIP 90016 Rent Report — August 2023
Asking rents in ZIP 90016, New York City, from 79 listings.
Median 1BR rent in ZIP 90016 was $3,150 in August 2023, up 50.3% (+$1,054) from July 2023 and up 5.0% year-over-year. The middle half of 1BR listings asked between $2,858 and $3,150. That puts ZIP 90016 $800 above the New York City citywide 1BR median of $2,350. The month's figures are based on 79 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,500 | −$595 (-28.4%) | −$1,495 (-49.9%) | $1,500 – $1,500 | 1 |
| Studio | $1,818 | −$277 (-13.2%) | −$1,177 (-39.3%) | $1,805 – $1,900 | 16 |
| 1BR | $3,150 | +$1,054 (+50.3%) | +$150 (+5.0%) | $2,858 – $3,150 | 12 |
| 1BR | $2,500 | +$404 (+19.3%) | −$500 (-16.7%) | $2,250 – $2,600 | 3 |
| 2BR | $3,800 | +$778 (+25.7%) | +$305 (+8.7%) | $3,800 – $3,800 | 8 |
| 2BR | $3,250 | +$228 (+7.5%) | −$245 (-7.0%) | $3,250 – $3,250 | 1 |
| 3BR | $3,300 | −$550 (-14.3%) | −$145 (-4.2%) | $3,175 – $3,425 | 3 |
| 3BR | $3,500 | −$350 (-9.1%) | +$55 (+1.6%) | $3,500 – $3,875 | 8 |
| 4BR | $1,725 | −$3,775 (-68.6%) | −$3,275 (-65.5%) | $1,725 – $1,725 | 1 |
| 4BR | $5,700 | +$200 (+3.6%) | +$700 (+14.0%) | $5,700 – $5,700 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
ZIP 90016 vs. New York City — August 2023
| Bedrooms | ZIP 90016 Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,500 | $2,490 | −$990 (-39.8%) |
| Studio | $1,818 | $2,490 | −$672 (-27.0%) |
| 1BR | $3,150 | $2,350 | +$800 (+34.0%) |
| 1BR | $2,500 | $2,350 | +$150 (+6.4%) |
| 2BR | $3,800 | $2,859 | +$941 (+32.9%) |
| 2BR | $3,250 | $2,859 | +$391 (+13.7%) |
| 3BR | $3,300 | $3,413 | −$112 (-3.3%) |
| 3BR | $3,500 | $3,413 | +$88 (+2.6%) |
| 4BR | $1,725 | $4,200 | −$2,475 (-58.9%) |
| 4BR | $5,700 | $4,200 | +$1,500 (+35.7%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in August 2023.