Monthly Rent Report
Bay Ridge Rent Report — March 2023
Asking rents in ZIP 11209, New York City, from 203 listings.
Median 1BR rent in Bay Ridge was $1,900 in March 2023, up 13.4% (+$225) from February 2023 and up 0.7% year-over-year. The middle half of 1BR listings asked between $1,900 and $1,900. That puts Bay Ridge $399 below the New York City citywide 1BR median of $2,299. The month's figures are based on 203 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,750 | +$100 (+6.1%) | −$2,450 (-58.3%) | $1,750 – $1,750 | 1 |
| Studio | $1,600 | −$50 (-3.1%) | −$2,600 (-61.9%) | $1,519 – $1,625 | 18 |
| 1BR | $1,900 | +$225 (+13.4%) | +$13 (+0.7%) | $1,900 – $1,900 | 1 |
| 1BR | $2,100 | +$425 (+25.4%) | +$213 (+11.3%) | $1,925 – $2,300 | 39 |
| 2BR | $2,750 | +$200 (+7.8%) | +$800 (+41.0%) | $2,500 – $3,000 | 9 |
| 2BR | $2,750 | +$200 (+7.8%) | +$800 (+41.0%) | $2,338 – $2,913 | 44 |
| 3BR | $3,400 | +$1,000 (+41.7%) | +$250 (+7.9%) | $2,925 – $3,820 | 22 |
| 3BR | $3,495 | +$1,095 (+45.6%) | +$345 (+11.0%) | $2,995 – $3,820 | 59 |
| 4BR | $5,500 | +$1,500 (+37.5%) | +$2,350 (+74.6%) | $3,000 – $5,500 | 5 |
| 4BR | $5,500 | +$1,500 (+37.5%) | +$2,350 (+74.6%) | $3,000 – $5,500 | 5 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Bay Ridge vs. New York City — March 2023
| Bedrooms | Bay Ridge Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,750 | $2,200 | −$450 (-20.5%) |
| Studio | $1,600 | $2,200 | −$600 (-27.3%) |
| 1BR | $1,900 | $2,299 | −$399 (-17.4%) |
| 1BR | $2,100 | $2,299 | −$199 (-8.7%) |
| 2BR | $2,750 | $2,650 | +$100 (+3.8%) |
| 2BR | $2,750 | $2,650 | +$100 (+3.8%) |
| 3BR | $3,400 | $3,200 | +$200 (+6.3%) |
| 3BR | $3,495 | $3,200 | +$295 (+9.2%) |
| 4BR | $5,500 | $3,995 | +$1,505 (+37.7%) |
| 4BR | $5,500 | $3,995 | +$1,505 (+37.7%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in March 2023.