Monthly Rent Report
Borough Park Rent Report — August 2021
Asking rents in ZIP 11219, New York City, from 73 listings.
Median 1BR rent in Borough Park was $1,600 in August 2021, down 5.9% (−$100) from July 2021 and unchanged year-over-year. The middle half of 1BR listings asked between $1,595 and $1,700. That puts Borough Park $260 below the New York City citywide 1BR median of $1,860. The month's figures are based on 73 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2021 | Vs. August 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,945 | −$50 (-2.5%) | −$155 (-7.4%) | $1,920 – $1,970 | 2 |
| Studio | $1,895 | −$100 (-5.0%) | −$205 (-9.8%) | $1,895 – $1,945 | 3 |
| 1BR | $1,600 | −$100 (-5.9%) | $0 (0.0%) | $1,595 – $1,700 | 33 |
| 1BR | $2,295 | +$595 (+35.0%) | +$695 (+43.4%) | $2,295 – $2,295 | 1 |
| 2BR | $2,100 | +$400 (+23.5%) | +$200 (+10.5%) | $2,000 – $2,600 | 13 |
| 2BR | $2,248 | +$548 (+32.2%) | +$348 (+18.3%) | $1,974 – $2,521 | 2 |
| 3BR | $2,500 | +$175 (+7.5%) | +$100 (+4.2%) | $2,300 – $2,800 | 15 |
| 3BR | $2,400 | +$75 (+3.2%) | $0 (0.0%) | $2,400 – $2,400 | 1 |
| 4BR | $2,575 | +$50 (+2.0%) | −$425 (-14.2%) | $2,438 – $2,713 | 2 |
| 4BR | $2,850 | +$325 (+12.9%) | −$150 (-5.0%) | $2,850 – $2,850 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2021. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — August 2021
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,945 | $1,749 | +$196 (+11.2%) |
| Studio | $1,895 | $1,749 | +$146 (+8.3%) |
| 1BR | $1,600 | $1,860 | −$260 (-14.0%) |
| 1BR | $2,295 | $1,860 | +$435 (+23.4%) |
| 2BR | $2,100 | $2,275 | −$175 (-7.7%) |
| 2BR | $2,248 | $2,275 | −$27 (-1.2%) |
| 3BR | $2,500 | $2,648 | −$147 (-5.6%) |
| 3BR | $2,400 | $2,648 | −$247 (-9.3%) |
| 4BR | $2,575 | $3,350 | −$775 (-23.1%) |
| 4BR | $2,850 | $3,350 | −$500 (-14.9%) |
Citywide figure is the median of zip-level medians across 166 New York City zip codes with listings in August 2021.