Monthly Rent Report
Borough Park Rent Report — May 2021
Asking rents in ZIP 11219, New York City, from 43 listings.
Median 1BR rent in Borough Park was $1,600 in May 2021, up 4.9% (+$75) from April 2021. The middle half of 1BR listings asked between $1,600 and $1,600. That puts Borough Park $220 below the New York City citywide 1BR median of $1,820. The month's figures are based on 43 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2021 | Vs. May 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,895 | −$100 (-5.0%) | +$608 (+47.2%) | $1,895 – $1,895 | 1 |
| 1BR | $1,600 | +$75 (+4.9%) | — | $1,600 – $1,600 | 1 |
| 1BR | $1,525 | $0 (0.0%) | — | $1,498 – $1,600 | 12 |
| 2BR | $1,700 | $0 (0.0%) | −$150 (-8.1%) | $1,650 – $2,100 | 15 |
| 2BR | $1,700 | $0 (0.0%) | −$150 (-8.1%) | $1,700 – $1,700 | 1 |
| 3BR | $2,550 | +$150 (+6.3%) | +$450 (+21.4%) | $2,525 – $2,550 | 3 |
| 3BR | $2,100 | −$300 (-12.5%) | $0 (0.0%) | $2,000 – $2,313 | 10 |
Median, P25, and P75 are asking rents from listings posted in May 2021. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — May 2021
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,895 | $1,661 | +$234 (+14.1%) |
| 1BR | $1,600 | $1,820 | −$220 (-12.1%) |
| 1BR | $1,525 | $1,820 | −$295 (-16.2%) |
| 2BR | $1,700 | $2,200 | −$500 (-22.7%) |
| 2BR | $1,700 | $2,200 | −$500 (-22.7%) |
| 3BR | $2,550 | $2,550 | $0 (0.0%) |
| 3BR | $2,100 | $2,550 | −$450 (-17.6%) |
Citywide figure is the median of zip-level medians across 162 New York City zip codes with listings in May 2021.