Monthly Rent Report
ZIP 90016 Rent Report — August 2024
Asking rents in ZIP 90016, New York City, from 15 listings.
Median 1BR rent in ZIP 90016 was $2,094 in August 2024, down 34.5% (−$1,105) from July 2024 and down 16.2% year-over-year. The middle half of 1BR listings asked between $2,044 and $2,145. That puts ZIP 90016 $296 below the New York City citywide 1BR median of $2,390. The month's figures are based on 15 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,995 | −$50 (-2.4%) | +$177 (+9.7%) | $1,995 – $1,995 | 5 |
| 1BR | $2,094 | −$1,105 (-34.5%) | −$406 (-16.2%) | $2,044 – $2,145 | 2 |
| 1BR | $2,195 | −$1,004 (-31.4%) | −$305 (-12.2%) | $2,195 – $2,195 | 1 |
| 2BR | $2,250 | −$231 (-9.3%) | −$1,000 (-30.8%) | $2,250 – $2,250 | 1 |
| 2BR | $2,595 | +$114 (+4.6%) | −$655 (-20.2%) | $2,595 – $2,595 | 3 |
| 3BR | $4,400 | +$848 (+23.9%) | +$900 (+25.7%) | $4,400 – $4,400 | 1 |
| 4BR | $5,500 | +$1,300 (+31.0%) | −$200 (-3.5%) | $5,500 – $5,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
ZIP 90016 vs. New York City — August 2024
| Bedrooms | ZIP 90016 Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,995 | $2,500 | −$505 (-20.2%) |
| 1BR | $2,094 | $2,390 | −$296 (-12.4%) |
| 1BR | $2,195 | $2,390 | −$195 (-8.2%) |
| 2BR | $2,250 | $2,900 | −$650 (-22.4%) |
| 2BR | $2,595 | $2,900 | −$305 (-10.5%) |
| 3BR | $4,400 | $3,603 | +$797 (+22.1%) |
| 4BR | $5,500 | $4,225 | +$1,275 (+30.2%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in August 2024.