Monthly Rent Report
Borough Park Rent Report — March 2022
Asking rents in ZIP 11219, New York City, from 9 listings.
Median 1BR rent in Borough Park was $2,295 in March 2022, up 48.1% (+$745) from February 2022 and up 37.1% year-over-year. The middle half of 1BR listings asked between $2,281 and $2,348. That puts Borough Park $200 above the New York City citywide 1BR median of $2,095. The month's figures are based on 9 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2022 | Vs. March 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,525 | −$475 (-23.8%) | −$220 (-12.6%) | $1,525 – $1,525 | 2 |
| 1BR | $2,295 | +$745 (+48.1%) | +$621 (+37.1%) | $2,281 – $2,348 | 3 |
| 2BR | $2,352 | −$748 (-24.1%) | +$352 (+17.6%) | $2,026 – $2,677 | 2 |
| 3BR | $2,300 | −$200 (-8.0%) | +$100 (+4.5%) | $2,300 – $2,300 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2022. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — March 2022
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,525 | $1,850 | −$325 (-17.6%) |
| 1BR | $2,295 | $2,095 | +$200 (+9.5%) |
| 2BR | $2,352 | $2,398 | −$46 (-1.9%) |
| 3BR | $2,300 | $2,990 | −$690 (-23.1%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in March 2022.