Monthly Rent Report
ZIP 90016 Rent Report — July 2024
Asking rents in ZIP 90016, New York City, from 380 listings.
Median 1BR rent in ZIP 90016 was $1,500 in July 2024, flat versus June 2024 and down 9.4% year-over-year. The middle half of 1BR listings asked between $1,150 and $1,500. That puts ZIP 90016 $1,000 below the New York City citywide 1BR median of $2,500. The month's figures are based on 380 listings across 13 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,045 | −$105 (-4.9%) | −$50 (-2.4%) | $2,045 – $2,045 | 1 |
| Studio | $1,940 | −$210 (-9.8%) | −$155 (-7.4%) | $1,865 – $2,111 | 47 |
| 1BR | $1,500 | $0 (0.0%) | −$156 (-9.4%) | $1,150 – $1,500 | 135 |
| 1BR | $3,199 | +$1,699 (+113.3%) | +$1,543 (+93.2%) | $2,295 – $4,486 | 125 |
| 1BR | $2,224 | +$724 (+48.3%) | +$568 (+34.3%) | $2,224 – $2,224 | 1 |
| 2BR | $2,495 | −$505 (-16.8%) | −$260 (-9.4%) | $2,495 – $2,495 | 1 |
| 2BR | $2,481 | −$519 (-17.3%) | −$274 (-9.9%) | $2,481 – $2,481 | 1 |
| 3BR | $3,552 | −$648 (-15.4%) | −$298 (-7.7%) | $3,552 – $3,552 | 1 |
| 3BR | $3,473 | −$727 (-17.3%) | −$377 (-9.8%) | $3,445 – $3,900 | 32 |
| 4BR | $4,015 | −$752 (-15.8%) | −$1,485 (-27.0%) | $3,433 – $4,108 | 3 |
| 4BR | $4,200 | −$567 (-11.9%) | −$1,300 (-23.6%) | $4,185 – $4,750 | 15 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
ZIP 90016 vs. New York City — July 2024
| Bedrooms | ZIP 90016 Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,045 | $2,800 | −$755 (-27.0%) |
| Studio | $1,940 | $2,800 | −$860 (-30.7%) |
| 1BR | $1,500 | $2,500 | −$1,000 (-40.0%) |
| 1BR | $3,199 | $2,500 | +$699 (+28.0%) |
| 1BR | $2,224 | $2,500 | −$276 (-11.0%) |
| 2BR | $2,495 | $3,000 | −$505 (-16.8%) |
| 2BR | $2,481 | $3,000 | −$519 (-17.3%) |
| 3BR | $3,552 | $3,606 | −$54 (-1.5%) |
| 3BR | $3,473 | $3,606 | −$133 (-3.7%) |
| 4BR | $4,015 | $4,500 | −$485 (-10.8%) |
| 4BR | $4,200 | $4,500 | −$300 (-6.7%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in July 2024.