Monthly Rent Report
Bay Ridge Rent Report — February 2024
Asking rents in ZIP 11209, New York City, from 201 listings.
Median 1BR rent in Bay Ridge was $2,050 in February 2024, down 17.8% (−$445) from January 2024 and up 2.5% year-over-year. The middle half of 1BR listings asked between $1,900 and $2,200. That puts Bay Ridge $400 below the New York City citywide 1BR median of $2,450. The month's figures are based on 201 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,750 | −$700 (-28.6%) | +$100 (+6.1%) | $1,700 – $1,800 | 17 |
| Studio | $1,750 | −$700 (-28.6%) | +$100 (+6.1%) | $1,750 – $1,750 | 1 |
| 1BR | $2,050 | −$445 (-17.8%) | +$51 (+2.5%) | $1,900 – $2,200 | 72 |
| 1BR | $2,150 | −$345 (-13.8%) | +$151 (+7.5%) | $1,950 – $2,150 | 5 |
| 2BR | $2,900 | +$300 (+11.5%) | +$600 (+26.1%) | $2,850 – $2,925 | 3 |
| 2BR | $2,900 | +$300 (+11.5%) | +$600 (+26.1%) | $2,650 – $3,100 | 55 |
| 3BR | $3,500 | +$100 (+2.9%) | +$1,100 (+45.8%) | $3,100 – $3,940 | 38 |
| 3BR | $3,475 | +$75 (+2.2%) | +$1,075 (+44.8%) | $3,463 – $3,488 | 2 |
| 4BR | $3,775 | +$175 (+4.9%) | −$225 (-5.6%) | $3,538 – $4,000 | 4 |
| 4BR | $3,775 | +$175 (+4.9%) | −$225 (-5.6%) | $3,538 – $4,000 | 4 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Bay Ridge vs. New York City — February 2024
| Bedrooms | Bay Ridge Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,750 | $2,359 | −$609 (-25.8%) |
| Studio | $1,750 | $2,359 | −$609 (-25.8%) |
| 1BR | $2,050 | $2,450 | −$400 (-16.3%) |
| 1BR | $2,150 | $2,450 | −$300 (-12.2%) |
| 2BR | $2,900 | $2,979 | −$79 (-2.7%) |
| 2BR | $2,900 | $2,979 | −$79 (-2.7%) |
| 3BR | $3,500 | $3,500 | $0 (0.0%) |
| 3BR | $3,475 | $3,500 | −$25 (-0.7%) |
| 4BR | $3,775 | $4,148 | −$372 (-9.0%) |
| 4BR | $3,775 | $4,148 | −$372 (-9.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in February 2024.