Monthly Rent Report
Borough Park Rent Report — February 2021
Asking rents in ZIP 11219, New York City, from 31 listings.
Median 1BR rent in Borough Park was $1,498 in February 2021, down 11.9% (−$202) from January 2021 and down 6.3% year-over-year. The middle half of 1BR listings asked between $1,424 and $1,500. That puts Borough Park $295 below the New York City citywide 1BR median of $1,792. The month's figures are based on 31 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2021 | Vs. February 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,375 | — | −$1,525 (-52.6%) | $1,313 – $1,388 | 3 |
| Studio | $1,375 | — | −$1,525 (-52.6%) | $1,375 – $1,400 | 5 |
| 1BR | $1,498 | −$202 (-11.9%) | −$100 (-6.3%) | $1,424 – $1,500 | 10 |
| 1BR | $1,700 | $0 (0.0%) | +$103 (+6.4%) | $1,700 – $1,700 | 1 |
| 2BR | $2,850 | +$950 (+50.0%) | +$851 (+42.6%) | $2,850 – $2,850 | 1 |
| 2BR | $1,700 | −$200 (-10.5%) | −$299 (-15.0%) | $1,600 – $1,750 | 3 |
| 3BR | $2,350 | +$150 (+6.8%) | $0 (-0.0%) | $2,274 – $2,613 | 4 |
| 3BR | $2,350 | +$150 (+6.8%) | $0 (-0.0%) | $2,274 – $2,613 | 4 |
Median, P25, and P75 are asking rents from listings posted in February 2021. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — February 2021
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,375 | $1,650 | −$274 (-16.6%) |
| Studio | $1,375 | $1,650 | −$274 (-16.6%) |
| 1BR | $1,498 | $1,792 | −$294 (-16.4%) |
| 1BR | $1,700 | $1,792 | −$92 (-5.1%) |
| 2BR | $2,850 | $2,150 | +$700 (+32.6%) |
| 2BR | $1,700 | $2,150 | −$450 (-20.9%) |
| 3BR | $2,350 | $2,500 | −$150 (-6.0%) |
| 3BR | $2,350 | $2,500 | −$150 (-6.0%) |
Citywide figure is the median of zip-level medians across 164 New York City zip codes with listings in February 2021.