Monthly Rent Report
Bay Ridge Rent Report — August 2023
Asking rents in ZIP 11209, New York City, from 37 listings.
Median 1BR rent in Bay Ridge was $1,250 in August 2023, down 40.5% (−$850) from July 2023 and down 45.7% year-over-year. The middle half of 1BR listings asked between $1,250 and $1,250. That puts Bay Ridge $1,100 below the New York City citywide 1BR median of $2,350. The month's figures are based on 37 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,700 | −$2,900 (-63.0%) | −$50 (-2.9%) | $1,691 – $2,088 | 12 |
| Studio | $1,550 | −$3,050 (-66.3%) | −$200 (-11.4%) | $1,550 – $1,550 | 1 |
| 1BR | $1,250 | −$850 (-40.5%) | −$1,050 (-45.7%) | $1,250 – $1,250 | 1 |
| 1BR | $1,250 | −$850 (-40.5%) | −$1,050 (-45.7%) | $1,250 – $1,250 | 2 |
| 2BR | $2,525 | −$275 (-9.8%) | −$50 (-1.9%) | $2,500 – $2,588 | 4 |
| 2BR | $2,825 | +$25 (+0.9%) | +$250 (+9.7%) | $2,825 – $2,825 | 1 |
| 3BR | $3,250 | −$750 (-18.8%) | −$2,750 (-45.8%) | $3,125 – $3,273 | 3 |
| 3BR | $4,195 | +$195 (+4.9%) | −$1,805 (-30.1%) | $3,748 – $4,948 | 3 |
| 4BR | $5,700 | — | +$1,631 (+40.1%) | $5,700 – $5,700 | 1 |
| 4BR | $5,850 | — | +$1,781 (+43.8%) | $3,500 – $6,000 | 5 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Bay Ridge vs. New York City — August 2023
| Bedrooms | Bay Ridge Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,700 | $2,490 | −$790 (-31.7%) |
| Studio | $1,550 | $2,490 | −$940 (-37.8%) |
| 1BR | $1,250 | $2,350 | −$1,100 (-46.8%) |
| 1BR | $1,250 | $2,350 | −$1,100 (-46.8%) |
| 2BR | $2,525 | $2,859 | −$334 (-11.7%) |
| 2BR | $2,825 | $2,859 | −$34 (-1.2%) |
| 3BR | $3,250 | $3,413 | −$162 (-4.8%) |
| 3BR | $4,195 | $3,413 | +$783 (+22.9%) |
| 4BR | $5,700 | $4,200 | +$1,500 (+35.7%) |
| 4BR | $5,850 | $4,200 | +$1,650 (+39.3%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in August 2023.