Monthly Rent Report
ZIP 90016 Rent Report — May 2024
Asking rents in ZIP 90016, New York City, from 1,259 listings.
Median 1BR rent in ZIP 90016 was $3,100 in May 2024, up 4.6% (+$136) from April 2024 and up 31.4% year-over-year. The middle half of 1BR listings asked between $2,295 and $3,572. That puts ZIP 90016 $675 above the New York City citywide 1BR median of $2,425. The month's figures are based on 1,259 listings across 13 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,800 | +$300 (+20.0%) | +$125 (+7.5%) | $1,800 – $1,800 | 1 |
| Studio | $1,940 | +$440 (+29.3%) | +$265 (+15.8%) | $1,865 – $2,128 | 140 |
| 1BR | $3,100 | +$136 (+4.6%) | +$740 (+31.4%) | $2,295 – $3,572 | 400 |
| 1BR | $1,790 | −$1,174 (-39.6%) | −$570 (-24.2%) | $1,150 – $1,825 | 180 |
| 1BR | $1,895 | −$1,069 (-36.1%) | −$465 (-19.7%) | $1,895 – $1,895 | 1 |
| 2BR | $2,700 | −$1,100 (-28.9%) | −$300 (-10.0%) | $2,700 – $2,700 | 1 |
| 2BR | $4,170 | +$370 (+9.7%) | +$1,170 (+39.0%) | $2,945 – $4,719 | 377 |
| 3BR | $4,583 | +$233 (+5.4%) | +$933 (+25.6%) | $4,583 – $4,583 | 2 |
| 3BR | $3,500 | −$850 (-19.5%) | −$150 (-4.1%) | $3,500 – $3,500 | 1 |
| 4BR | $3,399 | −$796 (-19.0%) | −$1,401 (-29.2%) | $3,399 – $3,399 | 1 |
| 4BR | $4,304 | +$109 (+2.6%) | −$496 (-10.3%) | $4,200 – $4,959 | 96 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
ZIP 90016 vs. New York City — May 2024
| Bedrooms | ZIP 90016 Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,800 | $2,350 | −$550 (-23.4%) |
| Studio | $1,940 | $2,350 | −$410 (-17.4%) |
| 1BR | $3,100 | $2,425 | +$675 (+27.8%) |
| 1BR | $1,790 | $2,425 | −$635 (-26.2%) |
| 1BR | $1,895 | $2,425 | −$530 (-21.9%) |
| 2BR | $2,700 | $2,914 | −$213 (-7.3%) |
| 2BR | $4,170 | $2,914 | +$1,257 (+43.1%) |
| 3BR | $4,583 | $3,600 | +$983 (+27.3%) |
| 3BR | $3,500 | $3,600 | −$100 (-2.8%) |
| 4BR | $3,399 | $4,250 | −$851 (-20.0%) |
| 4BR | $4,304 | $4,250 | +$54 (+1.3%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2024.