Monthly Rent Report
Bay Ridge Rent Report — October 2023
Asking rents in ZIP 11209, New York City, from 203 listings.
Median 1BR rent in Bay Ridge was $2,050 in October 2023, up 2.8% (+$55) from September 2023 and up 8.0% year-over-year. The middle half of 1BR listings asked between $1,980 and $2,425. That puts Bay Ridge $400 below the New York City citywide 1BR median of $2,450. The month's figures are based on 203 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,600 | −$150 (-8.6%) | +$50 (+3.2%) | $1,600 – $1,638 | 3 |
| Studio | $1,750 | $0 (0.0%) | +$200 (+12.9%) | $1,750 – $1,750 | 1 |
| 1BR | $2,050 | +$55 (+2.8%) | +$153 (+8.0%) | $1,980 – $2,425 | 50 |
| 1BR | $2,000 | +$5 (+0.3%) | +$103 (+5.4%) | $2,000 – $2,400 | 9 |
| 2BR | $2,700 | +$103 (+3.9%) | +$700 (+35.0%) | $2,500 – $3,000 | 49 |
| 2BR | $2,900 | +$303 (+11.6%) | +$900 (+45.0%) | $2,738 – $3,200 | 24 |
| 3BR | $3,225 | +$475 (+17.3%) | −$702 (-17.9%) | $2,725 – $3,820 | 46 |
| 3BR | $2,800 | +$50 (+1.8%) | −$1,127 (-28.7%) | $2,800 – $2,900 | 13 |
| 4BR | $3,000 | −$2,200 (-42.3%) | −$984 (-24.7%) | $3,000 – $5,200 | 7 |
| 4BR | $3,000 | −$2,200 (-42.3%) | −$984 (-24.7%) | $3,000 – $3,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Bay Ridge vs. New York City — October 2023
| Bedrooms | Bay Ridge Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,600 | $2,411 | −$810 (-33.6%) |
| Studio | $1,750 | $2,411 | −$660 (-27.4%) |
| 1BR | $2,050 | $2,450 | −$400 (-16.3%) |
| 1BR | $2,000 | $2,450 | −$450 (-18.4%) |
| 2BR | $2,700 | $2,900 | −$200 (-6.9%) |
| 2BR | $2,900 | $2,900 | $0 (0.0%) |
| 3BR | $3,225 | $3,349 | −$124 (-3.7%) |
| 3BR | $2,800 | $3,349 | −$549 (-16.4%) |
| 4BR | $3,000 | $4,200 | −$1,200 (-28.6%) |
| 4BR | $3,000 | $4,200 | −$1,200 (-28.6%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in October 2023.