Monthly Rent Report
Bay Ridge Rent Report — October 2024
Asking rents in ZIP 11209, New York City, from 26 listings.
Median 1BR rent in Bay Ridge was $1,100 in October 2024, down 38.9% (−$700) from September 2024 and down 45.0% year-over-year. The middle half of 1BR listings asked between $1,100 and $1,100. That puts Bay Ridge $1,206 below the New York City citywide 1BR median of $2,306. The month's figures are based on 26 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,795 | $0 (0.0%) | +$195 (+12.2%) | $1,795 – $1,795 | 1 |
| 1BR | $1,100 | −$700 (-38.9%) | −$900 (-45.0%) | $1,100 – $1,100 | 1 |
| 1BR | $2,000 | +$200 (+11.1%) | $0 (0.0%) | $2,000 – $2,000 | 1 |
| 2BR | $2,775 | +$180 (+6.9%) | −$125 (-4.3%) | $2,700 – $3,000 | 10 |
| 3BR | $3,825 | +$525 (+15.9%) | +$1,025 (+36.6%) | $3,563 – $4,288 | 10 |
| 4BR | $3,600 | — | +$600 (+20.0%) | $3,600 – $3,600 | 2 |
| 4BR | $3,600 | — | +$600 (+20.0%) | $3,600 – $3,600 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Bay Ridge vs. New York City — October 2024
| Bedrooms | Bay Ridge Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,795 | $2,550 | −$755 (-29.6%) |
| 1BR | $1,100 | $2,306 | −$1,206 (-52.3%) |
| 1BR | $2,000 | $2,306 | −$306 (-13.3%) |
| 2BR | $2,775 | $2,914 | −$138 (-4.8%) |
| 3BR | $3,825 | $3,519 | +$306 (+8.7%) |
| 4BR | $3,600 | $4,100 | −$500 (-12.2%) |
| 4BR | $3,600 | $4,100 | −$500 (-12.2%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in October 2024.