Monthly Rent Report
ZIP 90016 Rent Report — June 2024
Asking rents in ZIP 90016, New York City, from 1,240 listings.
Median 1BR rent in ZIP 90016 was $1,500 in June 2024, down 16.2% (−$290) from May 2024 and down 50.2% year-over-year. The middle half of 1BR listings asked between $1,150 and $1,825. That puts ZIP 90016 $950 below the New York City citywide 1BR median of $2,450. The month's figures are based on 1,240 listings across 13 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,150 | +$210 (+10.8%) | +$450 (+26.5%) | $2,150 – $2,150 | 1 |
| Studio | $1,915 | −$25 (-1.3%) | +$215 (+12.6%) | $1,695 – $2,119 | 135 |
| 1BR | $1,500 | −$290 (-16.2%) | −$1,514 (-50.2%) | $1,150 – $1,825 | 300 |
| 1BR | $2,223 | +$433 (+24.2%) | −$791 (-26.3%) | $2,086 – $2,359 | 2 |
| 1BR | $1,849 | +$59 (+3.3%) | −$1,165 (-38.7%) | $1,849 – $1,849 | 3 |
| 2BR | $3,000 | +$300 (+11.1%) | +$55 (+1.9%) | $3,000 – $3,000 | 1 |
| 2BR | $4,516 | +$1,816 (+67.3%) | +$1,571 (+53.3%) | $3,000 – $5,672 | 521 |
| 3BR | $3,900 | +$400 (+11.4%) | +$250 (+6.8%) | $3,500 – $4,500 | 160 |
| 3BR | $4,200 | +$700 (+20.0%) | +$550 (+15.1%) | $4,200 – $4,200 | 1 |
| 4BR | $4,254 | +$855 (+25.1%) | −$246 (-5.5%) | $4,200 – $4,995 | 52 |
| 4BR | $4,767 | +$1,368 (+40.2%) | +$267 (+5.9%) | $4,767 – $4,767 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
ZIP 90016 vs. New York City — June 2024
| Bedrooms | ZIP 90016 Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,150 | $2,440 | −$290 (-11.9%) |
| Studio | $1,915 | $2,440 | −$525 (-21.5%) |
| 1BR | $1,500 | $2,450 | −$950 (-38.8%) |
| 1BR | $2,223 | $2,450 | −$227 (-9.3%) |
| 1BR | $1,849 | $2,450 | −$601 (-24.5%) |
| 2BR | $3,000 | $2,900 | +$100 (+3.4%) |
| 2BR | $4,516 | $2,900 | +$1,616 (+55.7%) |
| 3BR | $3,900 | $3,600 | +$300 (+8.3%) |
| 3BR | $4,200 | $3,600 | +$600 (+16.7%) |
| 4BR | $4,254 | $4,256 | −$3 (-0.1%) |
| 4BR | $4,767 | $4,256 | +$511 (+12.0%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in June 2024.