Monthly Rent Report
Bay Ridge Rent Report — May 2022
Asking rents in ZIP 11209, New York City, from 20 listings.
Median 1BR rent in Bay Ridge was $1,500 in May 2022, down 24.8% (−$495) from April 2022 and down 6.3% year-over-year. The middle half of 1BR listings asked between $1,500 and $1,500. That puts Bay Ridge $563 below the New York City citywide 1BR median of $2,063. The month's figures are based on 20 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2022 | Vs. May 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,775 | +$125 (+7.6%) | +$225 (+14.5%) | $1,775 – $1,775 | 1 |
| Studio | $1,588 | −$62 (-3.8%) | +$38 (+2.4%) | $1,494 – $1,681 | 2 |
| 1BR | $1,500 | −$495 (-24.8%) | −$100 (-6.3%) | $1,500 – $1,500 | 1 |
| 2BR | $2,595 | +$195 (+8.1%) | +$633 (+32.2%) | $2,595 – $2,595 | 1 |
| 2BR | $2,595 | +$195 (+8.1%) | +$633 (+32.2%) | $2,395 – $2,695 | 5 |
| 3BR | $2,350 | −$750 (-24.2%) | −$500 (-17.5%) | $2,350 – $2,350 | 1 |
| 3BR | $2,700 | −$400 (-12.9%) | −$150 (-5.3%) | $2,700 – $2,850 | 3 |
| 4BR | $4,069 | +$385 (+10.4%) | +$1,169 (+40.3%) | $3,827 – $4,069 | 4 |
Median, P25, and P75 are asking rents from listings posted in May 2022. Changes compare against the nearest prior month with data.
Bay Ridge vs. New York City — May 2022
| Bedrooms | Bay Ridge Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,775 | $1,875 | −$100 (-5.3%) |
| Studio | $1,588 | $1,875 | −$287 (-15.3%) |
| 1BR | $1,500 | $2,063 | −$562 (-27.3%) |
| 2BR | $2,595 | $2,499 | +$96 (+3.8%) |
| 2BR | $2,595 | $2,499 | +$96 (+3.8%) |
| 3BR | $2,350 | $2,950 | −$600 (-20.3%) |
| 3BR | $2,700 | $2,950 | −$250 (-8.5%) |
| 4BR | $4,069 | $3,600 | +$469 (+13.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2022.