Monthly Rent Report
Borough Park Rent Report — March 2021
Asking rents in ZIP 11219, New York City, from 54 listings.
Median 1BR rent in Borough Park was $1,675 in March 2021, up 11.8% (+$177) from February 2021 and down 5.5% year-over-year. The middle half of 1BR listings asked between $1,484 and $2,350. That puts Borough Park $126 below the New York City citywide 1BR median of $1,800. The month's figures are based on 54 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2021 | Vs. March 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,745 | +$370 (+26.9%) | −$917 (-34.5%) | $1,620 – $1,870 | 2 |
| Studio | $1,995 | +$620 (+45.1%) | −$667 (-25.1%) | $1,745 – $1,995 | 3 |
| 1BR | $1,675 | +$177 (+11.8%) | −$98 (-5.5%) | $1,484 – $2,350 | 12 |
| 1BR | $1,500 | +$3 (+0.2%) | −$272 (-15.4%) | $1,450 – $1,800 | 9 |
| 2BR | $2,100 | +$400 (+23.5%) | +$300 (+16.7%) | $2,100 – $2,100 | 1 |
| 2BR | $2,000 | +$300 (+17.6%) | +$200 (+11.1%) | $1,700 – $2,438 | 8 |
| 3BR | $2,200 | −$149 (-6.4%) | −$400 (-15.4%) | $2,150 – $2,300 | 9 |
| 3BR | $2,225 | −$125 (-5.3%) | −$375 (-14.4%) | $2,163 – $2,675 | 10 |
Median, P25, and P75 are asking rents from listings posted in March 2021. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — March 2021
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,745 | $1,663 | +$83 (+5.0%) |
| Studio | $1,995 | $1,663 | +$333 (+20.0%) |
| 1BR | $1,675 | $1,800 | −$125 (-7.0%) |
| 1BR | $1,500 | $1,800 | −$300 (-16.7%) |
| 2BR | $2,100 | $2,140 | −$40 (-1.9%) |
| 2BR | $2,000 | $2,140 | −$140 (-6.5%) |
| 3BR | $2,200 | $2,500 | −$300 (-12.0%) |
| 3BR | $2,225 | $2,500 | −$275 (-11.0%) |
Citywide figure is the median of zip-level medians across 161 New York City zip codes with listings in March 2021.