Monthly Rent Report
ZIP 90016 Rent Report — December 2023
Asking rents in ZIP 90016, New York City, from 88 listings.
Median 1BR rent in ZIP 90016 was $1,400 in December 2023, down 41.9% (−$1,010) from November 2023 and down 35.5% year-over-year. The middle half of 1BR listings asked between $1,400 and $1,400. That puts ZIP 90016 $1,000 below the New York City citywide 1BR median of $2,400. The month's figures are based on 88 listings across 13 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,130 | +$245 (+13.0%) | +$384 (+22.0%) | $2,130 – $2,130 | 2 |
| Studio | $1,650 | −$235 (-12.5%) | −$96 (-5.5%) | $1,650 – $1,650 | 3 |
| 1BR | $1,400 | −$1,010 (-41.9%) | −$771 (-35.5%) | $1,400 – $1,400 | 1 |
| 1BR | $2,600 | +$190 (+7.9%) | +$429 (+19.8%) | $2,600 – $2,600 | 1 |
| 1BR | $1,825 | −$585 (-24.3%) | −$346 (-15.9%) | $1,825 – $1,825 | 40 |
| 2BR | $2,525 | −$170 (-6.3%) | −$125 (-4.7%) | $2,488 – $2,563 | 2 |
| 2BR | $2,733 | +$38 (+1.4%) | +$83 (+3.1%) | $2,400 – $3,052 | 20 |
| 3BR | $3,550 | −$450 (-11.3%) | −$250 (-6.6%) | $3,550 – $3,550 | 1 |
| 3BR | $2,800 | −$1,200 (-30.0%) | −$1,000 (-26.3%) | $2,800 – $4,225 | 10 |
| 4BR | $3,500 | −$1,000 (-22.2%) | +$1 (+0.0%) | $3,500 – $3,710 | 3 |
| 4BR | $3,500 | −$1,000 (-22.2%) | +$1 (+0.0%) | $3,500 – $3,710 | 3 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
ZIP 90016 vs. New York City — December 2023
| Bedrooms | ZIP 90016 Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,130 | $2,362 | −$232 (-9.8%) |
| Studio | $1,650 | $2,362 | −$712 (-30.1%) |
| 1BR | $1,400 | $2,400 | −$1,000 (-41.7%) |
| 1BR | $2,600 | $2,400 | +$200 (+8.3%) |
| 1BR | $1,825 | $2,400 | −$575 (-24.0%) |
| 2BR | $2,525 | $2,900 | −$375 (-12.9%) |
| 2BR | $2,733 | $2,900 | −$167 (-5.8%) |
| 3BR | $3,550 | $3,500 | +$50 (+1.4%) |
| 3BR | $2,800 | $3,500 | −$700 (-20.0%) |
| 4BR | $3,500 | $4,070 | −$570 (-14.0%) |
| 4BR | $3,500 | $4,070 | −$570 (-14.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in December 2023.