Monthly Rent Report
ZIP 90016 Rent Report — February 2024
Asking rents in ZIP 90016, New York City, from 815 listings.
Median 1BR rent in ZIP 90016 was $2,350 in February 2024, up 28.8% (+$525) from January 2024 and up 6.3% year-over-year. The middle half of 1BR listings asked between $2,000 and $3,388. That puts ZIP 90016 $100 below the New York City citywide 1BR median of $2,450. The month's figures are based on 815 listings across 13 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,799 | +$399 (+28.5%) | −$7 (-0.4%) | $1,500 – $1,995 | 73 |
| Studio | $1,900 | +$500 (+35.7%) | +$94 (+5.2%) | $1,900 – $1,900 | 1 |
| 1BR | $2,350 | +$525 (+28.8%) | +$140 (+6.3%) | $2,000 – $3,388 | 250 |
| 1BR | $2,100 | +$275 (+15.1%) | −$110 (-5.0%) | $2,100 – $2,100 | 1 |
| 1BR | $1,400 | −$425 (-23.3%) | −$810 (-36.7%) | $1,150 – $1,650 | 10 |
| 2BR | $3,300 | +$300 (+10.0%) | +$536 (+19.4%) | $2,750 – $4,453 | 256 |
| 2BR | $3,600 | +$600 (+20.0%) | +$836 (+30.2%) | $3,600 – $3,600 | 1 |
| 3BR | $4,291 | +$341 (+8.6%) | +$2,006 (+87.8%) | $4,291 – $4,291 | 1 |
| 3BR | $3,950 | $0 (0.0%) | +$1,665 (+72.9%) | $3,445 – $4,600 | 133 |
| 4BR | $4,695 | $0 (0.0%) | +$895 (+23.6%) | $4,250 – $5,498 | 55 |
| 4BR | $4,699 | +$4 (+0.1%) | +$899 (+23.7%) | $4,699 – $4,699 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
ZIP 90016 vs. New York City — February 2024
| Bedrooms | ZIP 90016 Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,799 | $2,359 | −$560 (-23.7%) |
| Studio | $1,900 | $2,359 | −$459 (-19.4%) |
| 1BR | $2,350 | $2,450 | −$100 (-4.1%) |
| 1BR | $2,100 | $2,450 | −$350 (-14.3%) |
| 1BR | $1,400 | $2,450 | −$1,050 (-42.9%) |
| 2BR | $3,300 | $2,979 | +$321 (+10.8%) |
| 2BR | $3,600 | $2,979 | +$621 (+20.8%) |
| 3BR | $4,291 | $3,500 | +$791 (+22.6%) |
| 3BR | $3,950 | $3,500 | +$450 (+12.9%) |
| 4BR | $4,695 | $4,148 | +$548 (+13.2%) |
| 4BR | $4,699 | $4,148 | +$552 (+13.3%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in February 2024.