Monthly Rent Report
Bay Ridge Rent Report — May 2023
Asking rents in ZIP 11209, New York City, from 109 listings.
Median 1BR rent in Bay Ridge was $2,200 in May 2023, up 5.0% (+$105) from April 2023 and up 46.7% year-over-year. The middle half of 1BR listings asked between $1,800 and $2,400. That puts Bay Ridge $277 below the New York City citywide 1BR median of $2,477. The month's figures are based on 109 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,795 | −$5 (-0.3%) | +$20 (+1.1%) | $1,795 – $1,795 | 1 |
| Studio | $1,700 | −$100 (-5.6%) | −$75 (-4.2%) | $1,650 – $2,699 | 13 |
| 1BR | $2,200 | +$105 (+5.0%) | +$700 (+46.7%) | $1,800 – $2,400 | 33 |
| 1BR | $2,250 | +$155 (+7.4%) | +$750 (+50.0%) | $2,025 – $2,450 | 7 |
| 2BR | $2,600 | +$100 (+4.0%) | +$5 (+0.2%) | $2,225 – $2,750 | 27 |
| 2BR | $2,575 | +$75 (+3.0%) | −$20 (-0.8%) | $2,400 – $2,948 | 4 |
| 3BR | $3,198 | −$102 (-3.1%) | +$498 (+18.4%) | $2,946 – $3,449 | 2 |
| 3BR | $3,000 | −$300 (-9.1%) | +$300 (+11.1%) | $2,697 – $3,400 | 19 |
| 4BR | $3,400 | −$599 (-15.0%) | −$669 (-16.4%) | $3,150 – $3,650 | 2 |
| 4BR | $3,900 | −$99 (-2.5%) | −$169 (-4.2%) | $3,900 – $3,900 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Bay Ridge vs. New York City — May 2023
| Bedrooms | Bay Ridge Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,795 | $2,450 | −$655 (-26.7%) |
| Studio | $1,700 | $2,450 | −$750 (-30.6%) |
| 1BR | $2,200 | $2,477 | −$277 (-11.2%) |
| 1BR | $2,250 | $2,477 | −$227 (-9.2%) |
| 2BR | $2,600 | $2,800 | −$200 (-7.1%) |
| 2BR | $2,575 | $2,800 | −$225 (-8.1%) |
| 3BR | $3,198 | $3,225 | −$27 (-0.9%) |
| 3BR | $3,000 | $3,225 | −$225 (-7.0%) |
| 4BR | $3,400 | $4,000 | −$600 (-15.0%) |
| 4BR | $3,900 | $4,000 | −$100 (-2.5%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.