Monthly Rent Report
Bay Ridge Rent Report — July 2024
Asking rents in ZIP 11209, New York City, from 43 listings.
Median 1BR rent in Bay Ridge was $1,850 in July 2024, down 11.9% (−$250) from June 2024 and down 11.9% year-over-year. The middle half of 1BR listings asked between $1,850 and $2,049. That puts Bay Ridge $650 below the New York City citywide 1BR median of $2,500. The month's figures are based on 43 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,950 | +$300 (+18.2%) | −$1,400 (-41.8%) | $1,800 – $2,100 | 2 |
| Studio | $1,763 | +$113 (+6.8%) | −$1,587 (-47.4%) | $1,756 – $1,769 | 2 |
| 1BR | $1,850 | −$250 (-11.9%) | −$250 (-11.9%) | $1,850 – $2,049 | 10 |
| 1BR | $2,600 | +$500 (+23.8%) | +$500 (+23.8%) | $2,600 – $2,600 | 2 |
| 2BR | $1,775 | −$925 (-34.3%) | −$970 (-35.3%) | $1,775 – $1,775 | 1 |
| 2BR | $2,400 | −$300 (-11.1%) | −$345 (-12.6%) | $2,300 – $2,650 | 13 |
| 3BR | $2,450 | −$1,050 (-30.0%) | −$1,550 (-38.8%) | $2,375 – $2,525 | 4 |
| 3BR | $3,100 | −$400 (-11.4%) | −$900 (-22.5%) | $3,100 – $3,100 | 3 |
| 4BR | $3,600 | −$100 (-2.7%) | — | $3,600 – $3,600 | 1 |
| 4BR | $3,600 | −$100 (-2.7%) | — | $3,600 – $3,600 | 2 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Bay Ridge vs. New York City — July 2024
| Bedrooms | Bay Ridge Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,950 | $2,800 | −$850 (-30.4%) |
| Studio | $1,763 | $2,800 | −$1,037 (-37.1%) |
| 1BR | $1,850 | $2,500 | −$650 (-26.0%) |
| 1BR | $2,600 | $2,500 | +$100 (+4.0%) |
| 2BR | $1,775 | $3,000 | −$1,225 (-40.8%) |
| 2BR | $2,400 | $3,000 | −$600 (-20.0%) |
| 3BR | $2,450 | $3,606 | −$1,156 (-32.1%) |
| 3BR | $3,100 | $3,606 | −$506 (-14.0%) |
| 4BR | $3,600 | $4,500 | −$900 (-20.0%) |
| 4BR | $3,600 | $4,500 | −$900 (-20.0%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in July 2024.