Monthly Rent Report
Bay Ridge Rent Report — September 2023
Asking rents in ZIP 11209, New York City, from 73 listings.
Median 1BR rent in Bay Ridge was $1,995 in September 2023, up 59.6% (+$745) from August 2023 and down 0.3% year-over-year. The middle half of 1BR listings asked between $1,900 and $2,100. That puts Bay Ridge $505 below the New York City citywide 1BR median of $2,500. The month's figures are based on 73 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,750 | +$50 (+2.9%) | $0 (0.0%) | $1,750 – $1,750 | 1 |
| 1BR | $1,995 | +$745 (+59.6%) | −$5 (-0.3%) | $1,900 – $2,100 | 13 |
| 2BR | $3,100 | +$575 (+22.8%) | +$1,000 (+47.6%) | $3,100 – $3,100 | 1 |
| 2BR | $2,598 | +$73 (+2.9%) | +$498 (+23.7%) | $2,500 – $2,638 | 26 |
| 3BR | $2,750 | −$500 (-15.4%) | −$450 (-14.1%) | $2,750 – $2,750 | 1 |
| 3BR | $3,400 | +$150 (+4.6%) | +$200 (+6.3%) | $2,888 – $3,900 | 26 |
| 4BR | $5,200 | −$500 (-8.8%) | +$1,216 (+30.5%) | $4,250 – $5,450 | 3 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Bay Ridge vs. New York City — September 2023
| Bedrooms | Bay Ridge Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,750 | $2,400 | −$650 (-27.1%) |
| 1BR | $1,995 | $2,500 | −$505 (-20.2%) |
| 2BR | $3,100 | $3,000 | +$100 (+3.3%) |
| 2BR | $2,598 | $3,000 | −$402 (-13.4%) |
| 3BR | $2,750 | $3,500 | −$750 (-21.4%) |
| 3BR | $3,400 | $3,500 | −$100 (-2.9%) |
| 4BR | $5,200 | $4,325 | +$875 (+20.2%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in September 2023.