Monthly Rent Report
Bay Ridge Rent Report — January 2024
Asking rents in ZIP 11209, New York City, from 163 listings.
Median 1BR rent in Bay Ridge was $2,495 in January 2024, up 17.4% (+$370) from December 2023 and up 24.8% year-over-year. The middle half of 1BR listings asked between $2,495 and $2,495. That puts Bay Ridge $145 above the New York City citywide 1BR median of $2,350. The month's figures are based on 163 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,450 | +$750 (+44.1%) | +$850 (+53.1%) | $1,824 – $3,000 | 8 |
| Studio | $2,450 | +$750 (+44.1%) | +$850 (+53.1%) | $1,824 – $3,000 | 8 |
| 1BR | $2,495 | +$370 (+17.4%) | +$495 (+24.8%) | $2,495 – $2,495 | 2 |
| 1BR | $2,250 | +$125 (+5.9%) | +$250 (+12.5%) | $1,999 – $2,495 | 33 |
| 2BR | $2,600 | +$200 (+8.3%) | +$50 (+2.0%) | $2,425 – $3,100 | 23 |
| 2BR | $2,600 | +$200 (+8.3%) | +$50 (+2.0%) | $2,425 – $3,100 | 23 |
| 3BR | $3,400 | −$225 (-6.2%) | +$600 (+21.4%) | $3,000 – $3,500 | 25 |
| 3BR | $3,400 | −$225 (-6.2%) | +$600 (+21.4%) | $3,000 – $3,500 | 25 |
| 4BR | $3,600 | — | — | $3,500 – $4,000 | 8 |
| 4BR | $3,600 | — | — | $3,500 – $4,000 | 8 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Bay Ridge vs. New York City — January 2024
| Bedrooms | Bay Ridge Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,450 | $2,338 | +$113 (+4.8%) |
| Studio | $2,450 | $2,338 | +$113 (+4.8%) |
| 1BR | $2,495 | $2,350 | +$145 (+6.2%) |
| 1BR | $2,250 | $2,350 | −$100 (-4.3%) |
| 2BR | $2,600 | $2,885 | −$285 (-9.9%) |
| 2BR | $2,600 | $2,885 | −$285 (-9.9%) |
| 3BR | $3,400 | $3,443 | −$43 (-1.3%) |
| 3BR | $3,400 | $3,443 | −$43 (-1.3%) |
| 4BR | $3,600 | $4,000 | −$400 (-10.0%) |
| 4BR | $3,600 | $4,000 | −$400 (-10.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in January 2024.