Monthly Rent Report
Bay Ridge Rent Report — March 2024
Asking rents in ZIP 11209, New York City, from 224 listings.
Median 1BR rent in Bay Ridge was $1,999 in March 2024, down 7.0% (−$151) from February 2024 and up 5.2% year-over-year. The middle half of 1BR listings asked between $1,900 and $2,296. That puts Bay Ridge $500 below the New York City citywide 1BR median of $2,499. The month's figures are based on 224 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,000 | +$250 (+14.3%) | +$250 (+14.3%) | $1,800 – $2,000 | 13 |
| Studio | $2,000 | +$250 (+14.3%) | +$250 (+14.3%) | $1,925 – $2,000 | 6 |
| 1BR | $1,999 | −$151 (-7.0%) | +$99 (+5.2%) | $1,900 – $2,296 | 52 |
| 1BR | $2,199 | +$49 (+2.3%) | +$299 (+15.7%) | $1,900 – $2,299 | 35 |
| 2BR | $3,050 | +$150 (+5.2%) | +$300 (+10.9%) | $2,700 – $3,575 | 26 |
| 2BR | $3,000 | +$100 (+3.4%) | +$250 (+9.1%) | $2,700 – $3,300 | 41 |
| 3BR | $3,650 | +$150 (+4.3%) | +$250 (+7.4%) | $3,050 – $3,860 | 19 |
| 3BR | $3,750 | +$250 (+7.1%) | +$350 (+10.3%) | $3,413 – $3,860 | 30 |
| 4BR | $4,100 | +$325 (+8.6%) | −$1,400 (-25.5%) | $4,100 – $4,100 | 2 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Bay Ridge vs. New York City — March 2024
| Bedrooms | Bay Ridge Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,000 | $2,450 | −$450 (-18.4%) |
| Studio | $2,000 | $2,450 | −$450 (-18.4%) |
| 1BR | $1,999 | $2,499 | −$500 (-20.0%) |
| 1BR | $2,199 | $2,499 | −$300 (-12.0%) |
| 2BR | $3,050 | $2,995 | +$56 (+1.9%) |
| 2BR | $3,000 | $2,995 | +$6 (+0.2%) |
| 3BR | $3,650 | $3,500 | +$150 (+4.3%) |
| 3BR | $3,750 | $3,500 | +$250 (+7.1%) |
| 4BR | $4,100 | $4,250 | −$149 (-3.5%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in March 2024.