Monthly Rent Report
Borough Park Rent Report — July 2021
Asking rents in ZIP 11219, New York City, from 67 listings.
Median 1BR rent in Borough Park was $1,700 in July 2021, up 6.3% (+$100) from June 2021 and up 3.0% year-over-year. The middle half of 1BR listings asked between $1,700 and $1,700. That puts Borough Park $191 below the New York City citywide 1BR median of $1,891. The month's figures are based on 67 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2021 | Vs. July 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,995 | +$100 (+5.3%) | +$445 (+28.7%) | $1,995 – $1,995 | 1 |
| Studio | $1,895 | $0 (0.0%) | +$345 (+22.3%) | $1,895 – $1,895 | 1 |
| 1BR | $1,700 | +$100 (+6.3%) | +$50 (+3.0%) | $1,700 – $1,700 | 1 |
| 1BR | $1,600 | $0 (0.0%) | −$50 (-3.0%) | $1,500 – $1,690 | 30 |
| 2BR | $1,700 | −$150 (-8.1%) | −$150 (-8.1%) | $1,700 – $1,700 | 1 |
| 2BR | $1,938 | +$88 (+4.7%) | +$88 (+4.7%) | $1,713 – $2,600 | 18 |
| 3BR | $3,208 | −$42 (-1.3%) | +$908 (+39.5%) | $3,208 – $3,208 | 1 |
| 3BR | $2,325 | −$925 (-28.5%) | +$25 (+1.1%) | $2,038 – $2,913 | 10 |
| 4BR | $2,525 | — | −$475 (-15.8%) | $2,363 – $2,688 | 2 |
| 4BR | $2,525 | — | −$475 (-15.8%) | $2,363 – $2,688 | 2 |
Median, P25, and P75 are asking rents from listings posted in July 2021. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — July 2021
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,995 | $1,785 | +$210 (+11.8%) |
| Studio | $1,895 | $1,785 | +$110 (+6.2%) |
| 1BR | $1,700 | $1,891 | −$191 (-10.1%) |
| 1BR | $1,600 | $1,891 | −$291 (-15.4%) |
| 2BR | $1,700 | $2,250 | −$549 (-24.4%) |
| 2BR | $1,938 | $2,250 | −$312 (-13.9%) |
| 3BR | $3,208 | $2,600 | +$608 (+23.4%) |
| 3BR | $2,325 | $2,600 | −$275 (-10.6%) |
| 4BR | $2,525 | $3,350 | −$825 (-24.6%) |
| 4BR | $2,525 | $3,350 | −$825 (-24.6%) |
Citywide figure is the median of zip-level medians across 161 New York City zip codes with listings in July 2021.