Monthly Rent Report
Bay Ridge Rent Report — January 2023
Asking rents in ZIP 11209, New York City, from 221 listings.
Median 1BR rent in Bay Ridge was $2,200 in January 2023, down 3.3% (−$75) from December 2022 and up 19.0% year-over-year. The middle half of 1BR listings asked between $1,975 and $2,300. That puts Bay Ridge $89 below the New York City citywide 1BR median of $2,289. The month's figures are based on 221 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2022 | Vs. January 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,600 | $0 (0.0%) | +$113 (+7.6%) | $1,576 – $1,600 | 11 |
| Studio | $1,600 | $0 (0.0%) | +$113 (+7.6%) | $1,550 – $1,625 | 3 |
| 1BR | $2,200 | −$75 (-3.3%) | +$351 (+19.0%) | $1,975 – $2,300 | 17 |
| 1BR | $2,000 | −$275 (-12.1%) | +$151 (+8.2%) | $1,825 – $2,300 | 61 |
| 2BR | $2,250 | −$250 (-10.0%) | +$25 (+1.1%) | $2,250 – $2,250 | 1 |
| 2BR | $2,550 | +$50 (+2.0%) | +$325 (+14.6%) | $2,500 – $3,000 | 73 |
| 3BR | $3,000 | $0 (0.0%) | +$800 (+36.4%) | $2,700 – $3,000 | 9 |
| 3BR | $2,800 | −$200 (-6.7%) | +$600 (+27.3%) | $2,700 – $3,174 | 42 |
Median, P25, and P75 are asking rents from listings posted in January 2023. Changes compare against the nearest prior month with data.
Bay Ridge vs. New York City — January 2023
| Bedrooms | Bay Ridge Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,600 | $2,197 | −$597 (-27.2%) |
| Studio | $1,600 | $2,197 | −$597 (-27.2%) |
| 1BR | $2,200 | $2,289 | −$89 (-3.9%) |
| 1BR | $2,000 | $2,289 | −$289 (-12.6%) |
| 2BR | $2,250 | $2,700 | −$450 (-16.7%) |
| 2BR | $2,550 | $2,700 | −$150 (-5.6%) |
| 3BR | $3,000 | $3,200 | −$200 (-6.3%) |
| 3BR | $2,800 | $3,200 | −$400 (-12.5%) |
Citywide figure is the median of zip-level medians across 173 New York City zip codes with listings in January 2023.