Monthly Rent Report
ZIP 90016 Rent Report — March 2024
Asking rents in ZIP 90016, New York City, from 908 listings.
Median 1BR rent in ZIP 90016 was $2,695 in March 2024, up 28.3% (+$595) from February 2024 and up 18.4% year-over-year. The middle half of 1BR listings asked between $2,695 and $2,695. That puts ZIP 90016 $196 above the New York City citywide 1BR median of $2,499. The month's figures are based on 908 listings across 13 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,099 | +$199 (+10.5%) | +$704 (+50.5%) | $1,650 – $2,613 | 69 |
| Studio | $2,099 | +$199 (+10.5%) | +$704 (+50.5%) | $1,650 – $2,568 | 53 |
| 1BR | $2,695 | +$595 (+28.3%) | +$420 (+18.4%) | $2,695 – $2,695 | 1 |
| 1BR | $3,337 | +$1,237 (+58.9%) | +$1,062 (+46.6%) | $2,400 – $3,619 | 286 |
| 1BR | $1,780 | −$320 (-15.2%) | −$495 (-21.8%) | $1,150 – $1,825 | 94 |
| 2BR | $2,695 | −$605 (-18.3%) | +$245 (+10.0%) | $2,595 – $2,948 | 3 |
| 2BR | $4,445 | +$1,145 (+34.7%) | +$1,995 (+81.4%) | $2,945 – $4,956 | 304 |
| 3BR | $5,000 | +$709 (+16.5%) | +$1,221 (+32.3%) | $5,000 – $5,000 | 2 |
| 3BR | $3,900 | −$391 (-9.1%) | +$121 (+3.2%) | $3,900 – $3,900 | 1 |
| 4BR | $4,000 | −$699 (-14.9%) | +$5 (+0.1%) | $4,000 – $4,150 | 6 |
| 4BR | $4,480 | −$219 (-4.7%) | +$485 (+12.1%) | $4,200 – $4,800 | 57 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
ZIP 90016 vs. New York City — March 2024
| Bedrooms | ZIP 90016 Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,099 | $2,450 | −$351 (-14.3%) |
| Studio | $2,099 | $2,450 | −$351 (-14.3%) |
| 1BR | $2,695 | $2,499 | +$196 (+7.8%) |
| 1BR | $3,337 | $2,499 | +$838 (+33.5%) |
| 1BR | $1,780 | $2,499 | −$719 (-28.8%) |
| 2BR | $2,695 | $2,995 | −$299 (-10.0%) |
| 2BR | $4,445 | $2,995 | +$1,450 (+48.4%) |
| 3BR | $5,000 | $3,500 | +$1,500 (+42.9%) |
| 3BR | $3,900 | $3,500 | +$400 (+11.4%) |
| 4BR | $4,000 | $4,250 | −$249 (-5.9%) |
| 4BR | $4,480 | $4,250 | +$231 (+5.4%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in March 2024.