Monthly Rent Report
Bay Ridge Rent Report — July 2023
Asking rents in ZIP 11209, New York City, from 53 listings.
Median 1BR rent in Bay Ridge was $2,100 in July 2023, down 4.5% (−$100) from June 2023 and up 10.5% year-over-year. The middle half of 1BR listings asked between $1,850 and $2,500. That puts Bay Ridge $350 below the New York City citywide 1BR median of $2,450. The month's figures are based on 53 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,600 | +$2,500 (+119.0%) | +$2,825 (+159.2%) | $4,600 – $4,600 | 1 |
| Studio | $3,350 | +$1,250 (+59.5%) | +$1,575 (+88.7%) | $2,725 – $3,975 | 2 |
| 1BR | $2,100 | −$100 (-4.5%) | +$200 (+10.5%) | $1,850 – $2,500 | 13 |
| 1BR | $1,650 | −$550 (-25.0%) | −$250 (-13.2%) | $1,650 – $1,650 | 1 |
| 2BR | $2,800 | +$150 (+5.7%) | +$513 (+22.4%) | $2,700 – $2,800 | 7 |
| 2BR | $2,745 | +$95 (+3.6%) | +$458 (+20.0%) | $2,463 – $3,100 | 10 |
| 3BR | $3,610 | +$610 (+20.3%) | +$760 (+26.7%) | $2,975 – $3,820 | 8 |
| 3BR | $4,000 | +$1,000 (+33.3%) | +$1,150 (+40.4%) | $3,250 – $4,200 | 9 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Bay Ridge vs. New York City — July 2023
| Bedrooms | Bay Ridge Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,600 | $2,498 | +$2,103 (+84.2%) |
| Studio | $3,350 | $2,498 | +$853 (+34.1%) |
| 1BR | $2,100 | $2,450 | −$350 (-14.3%) |
| 1BR | $1,650 | $2,450 | −$800 (-32.7%) |
| 2BR | $2,800 | $2,800 | $0 (0.0%) |
| 2BR | $2,745 | $2,800 | −$55 (-2.0%) |
| 3BR | $3,610 | $3,400 | +$210 (+6.2%) |
| 3BR | $4,000 | $3,400 | +$600 (+17.7%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in July 2023.