Monthly Rent Report
Bay Ridge Rent Report — December 2024
Asking rents in ZIP 11209, New York City, from 30 listings.
Median 1BR rent in Bay Ridge was $1,600 in December 2024, down 22.0% (−$450) from November 2024 and down 24.7% year-over-year. The middle half of 1BR listings asked between $1,600 and $1,600. That puts Bay Ridge $880 below the New York City citywide 1BR median of $2,480. The month's figures are based on 30 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2024 | Vs. December 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,890 | +$153 (+8.8%) | +$190 (+11.2%) | $1,890 – $1,890 | 1 |
| Studio | $1,890 | +$153 (+8.8%) | +$190 (+11.2%) | $1,890 – $1,890 | 1 |
| 1BR | $1,600 | −$450 (-22.0%) | −$525 (-24.7%) | $1,600 – $1,600 | 1 |
| 1BR | $2,338 | +$288 (+14.0%) | +$213 (+10.0%) | $1,875 – $2,780 | 4 |
| 2BR | $2,800 | −$97 (-3.4%) | +$400 (+16.7%) | $2,800 – $3,025 | 6 |
| 2BR | $2,800 | −$97 (-3.4%) | +$400 (+16.7%) | $2,800 – $2,800 | 1 |
| 3BR | $3,800 | +$800 (+26.7%) | +$300 (+8.6%) | $3,725 – $3,850 | 4 |
| 3BR | $3,800 | +$800 (+26.7%) | +$300 (+8.6%) | $3,725 – $3,850 | 4 |
| 4BR | $3,600 | −$100 (-2.7%) | — | $3,600 – $4,000 | 8 |
Median, P25, and P75 are asking rents from listings posted in December 2024. Changes compare against the nearest prior month with data.
Bay Ridge vs. New York City — December 2024
| Bedrooms | Bay Ridge Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,890 | $2,525 | −$635 (-25.1%) |
| Studio | $1,890 | $2,525 | −$635 (-25.1%) |
| 1BR | $1,600 | $2,480 | −$879 (-35.5%) |
| 1BR | $2,338 | $2,480 | −$142 (-5.7%) |
| 2BR | $2,800 | $2,975 | −$175 (-5.9%) |
| 2BR | $2,800 | $2,975 | −$175 (-5.9%) |
| 3BR | $3,800 | $3,546 | +$255 (+7.2%) |
| 3BR | $3,800 | $3,546 | +$255 (+7.2%) |
| 4BR | $3,600 | $4,150 | −$550 (-13.3%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in December 2024.