Monthly Rent Report
Borough Park Rent Report — September 2021
Asking rents in ZIP 11219, New York City, from 25 listings.
Median 1BR rent in Borough Park was $1,598 in September 2021, down 30.4% (−$697) from August 2021 and down 0.2% year-over-year. The middle half of 1BR listings asked between $1,580 and $1,600. That puts Borough Park $352 below the New York City citywide 1BR median of $1,950. The month's figures are based on 25 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2021 | Vs. September 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,350 | −$595 (-30.6%) | −$172 (-11.3%) | $1,350 – $1,350 | 1 |
| 1BR | $1,598 | −$697 (-30.4%) | −$2 (-0.2%) | $1,580 – $1,600 | 6 |
| 1BR | $1,600 | −$695 (-30.3%) | $0 (0.0%) | $1,600 – $1,600 | 2 |
| 2BR | $2,200 | −$47 (-2.1%) | +$113 (+5.4%) | $2,100 – $2,200 | 5 |
| 2BR | $1,900 | −$347 (-15.5%) | −$187 (-9.0%) | $1,900 – $1,900 | 3 |
| 3BR | $2,400 | $0 (0.0%) | −$200 (-7.7%) | $2,325 – $2,625 | 6 |
| 3BR | $2,600 | +$200 (+8.3%) | $0 (0.0%) | $2,600 – $2,600 | 1 |
| 4BR | $2,300 | −$550 (-19.3%) | — | $2,300 – $2,300 | 1 |
Median, P25, and P75 are asking rents from listings posted in September 2021. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — September 2021
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,350 | $1,799 | −$449 (-25.0%) |
| 1BR | $1,598 | $1,950 | −$352 (-18.1%) |
| 1BR | $1,600 | $1,950 | −$350 (-17.9%) |
| 2BR | $2,200 | $2,300 | −$100 (-4.3%) |
| 2BR | $1,900 | $2,300 | −$400 (-17.4%) |
| 3BR | $2,400 | $2,700 | −$300 (-11.1%) |
| 3BR | $2,600 | $2,700 | −$100 (-3.7%) |
| 4BR | $2,300 | $3,319 | −$1,018 (-30.7%) |
Citywide figure is the median of zip-level medians across 165 New York City zip codes with listings in September 2021.