Monthly Rent Report
Bay Ridge Rent Report — August 2024
Asking rents in ZIP 11209, New York City, from 34 listings.
Median 1BR rent in Bay Ridge was $2,000 in August 2024, up 8.1% (+$150) from July 2024 and up 60.0% year-over-year. The middle half of 1BR listings asked between $2,000 and $2,000. That puts Bay Ridge $390 below the New York City citywide 1BR median of $2,390. The month's figures are based on 34 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,775 | −$175 (-9.0%) | +$75 (+4.4%) | $1,750 – $2,375 | 15 |
| 1BR | $2,000 | +$150 (+8.1%) | +$750 (+60.0%) | $2,000 – $2,000 | 2 |
| 2BR | $3,000 | +$1,225 (+69.0%) | +$475 (+18.8%) | $2,650 – $3,000 | 3 |
| 3BR | $3,000 | −$100 (-3.2%) | −$1,195 (-28.5%) | $2,925 – $3,113 | 6 |
| 4BR | $4,000 | +$400 (+11.1%) | −$1,700 (-29.8%) | $3,700 – $4,449 | 6 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Bay Ridge vs. New York City — August 2024
| Bedrooms | Bay Ridge Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,775 | $2,500 | −$725 (-29.0%) |
| 1BR | $2,000 | $2,390 | −$390 (-16.3%) |
| 2BR | $3,000 | $2,900 | +$100 (+3.5%) |
| 3BR | $3,000 | $3,603 | −$603 (-16.7%) |
| 4BR | $4,000 | $4,225 | −$225 (-5.3%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in August 2024.