Monthly Rent Report
Bay Ridge Rent Report — December 2023
Asking rents in ZIP 11209, New York City, from 179 listings.
Median 1BR rent in Bay Ridge was $2,275 in December 2023, up 8.5% (+$178) from November 2023 and up 13.8% year-over-year. The middle half of 1BR listings asked between $1,875 and $2,400. That puts Bay Ridge $125 below the New York City citywide 1BR median of $2,400. The month's figures are based on 179 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,700 | $0 (0.0%) | +$100 (+6.3%) | $1,599 – $1,750 | 20 |
| Studio | $1,700 | $0 (0.0%) | +$100 (+6.3%) | $1,575 – $1,738 | 7 |
| 1BR | $2,275 | +$178 (+8.5%) | +$275 (+13.8%) | $1,875 – $2,400 | 35 |
| 1BR | $2,125 | +$28 (+1.3%) | +$125 (+6.3%) | $1,875 – $2,400 | 64 |
| 2BR | $2,400 | −$550 (-18.6%) | −$100 (-4.0%) | $2,400 – $2,400 | 1 |
| 2BR | $2,400 | −$550 (-18.6%) | −$100 (-4.0%) | $2,400 – $2,400 | 1 |
| 3BR | $3,500 | +$800 (+29.6%) | +$500 (+16.7%) | $2,850 – $3,820 | 33 |
| 3BR | $3,625 | +$925 (+34.3%) | +$625 (+20.8%) | $3,269 – $3,820 | 18 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Bay Ridge vs. New York City — December 2023
| Bedrooms | Bay Ridge Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,700 | $2,362 | −$662 (-28.0%) |
| Studio | $1,700 | $2,362 | −$662 (-28.0%) |
| 1BR | $2,275 | $2,400 | −$125 (-5.2%) |
| 1BR | $2,125 | $2,400 | −$275 (-11.5%) |
| 2BR | $2,400 | $2,900 | −$500 (-17.2%) |
| 2BR | $2,400 | $2,900 | −$500 (-17.2%) |
| 3BR | $3,500 | $3,500 | $0 (0.0%) |
| 3BR | $3,625 | $3,500 | +$125 (+3.6%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in December 2023.