Monthly Rent Report
Bay Ridge Rent Report — May 2024
Asking rents in ZIP 11209, New York City, from 199 listings.
Median 1BR rent in Bay Ridge was $2,075 in May 2024, up 1.2% (+$25) from April 2024 and down 7.8% year-over-year. The middle half of 1BR listings asked between $1,896 and $2,399. That puts Bay Ridge $350 below the New York City citywide 1BR median of $2,425. The month's figures are based on 199 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,650 | −$199 (-10.8%) | −$145 (-8.1%) | $1,650 – $1,650 | 1 |
| Studio | $1,650 | −$199 (-10.8%) | −$145 (-8.1%) | $1,650 – $1,800 | 11 |
| 1BR | $2,075 | +$25 (+1.2%) | −$175 (-7.8%) | $1,896 – $2,399 | 70 |
| 1BR | $2,700 | +$650 (+31.7%) | +$450 (+20.0%) | $2,700 – $2,700 | 3 |
| 2BR | $2,700 | −$50 (-1.8%) | +$100 (+3.8%) | $2,700 – $3,000 | 6 |
| 2BR | $2,725 | −$25 (-0.9%) | +$125 (+4.8%) | $2,538 – $3,096 | 68 |
| 3BR | $3,100 | −$200 (-6.1%) | −$97 (-3.0%) | $3,000 – $3,860 | 33 |
| 3BR | $5,500 | +$2,200 (+66.7%) | +$2,303 (+72.0%) | $5,500 – $5,500 | 1 |
| 4BR | $3,400 | — | $0 (0.0%) | $3,050 – $3,798 | 3 |
| 4BR | $3,400 | — | $0 (0.0%) | $3,050 – $3,798 | 3 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Bay Ridge vs. New York City — May 2024
| Bedrooms | Bay Ridge Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,650 | $2,350 | −$700 (-29.8%) |
| Studio | $1,650 | $2,350 | −$700 (-29.8%) |
| 1BR | $2,075 | $2,425 | −$350 (-14.4%) |
| 1BR | $2,700 | $2,425 | +$275 (+11.3%) |
| 2BR | $2,700 | $2,914 | −$213 (-7.3%) |
| 2BR | $2,725 | $2,914 | −$188 (-6.5%) |
| 3BR | $3,100 | $3,600 | −$500 (-13.9%) |
| 3BR | $5,500 | $3,600 | +$1,900 (+52.8%) |
| 4BR | $3,400 | $4,250 | −$850 (-20.0%) |
| 4BR | $3,400 | $4,250 | −$850 (-20.0%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2024.