Monthly Rent Report
Borough Park Rent Report — May 2022
Asking rents in ZIP 11219, New York City, from 29 listings.
Median 1BR rent in Borough Park was $1,725 in May 2022, down 4.2% (−$75) from April 2022 and up 13.1% year-over-year. The middle half of 1BR listings asked between $1,619 and $2,513. That puts Borough Park $338 below the New York City citywide 1BR median of $2,063. The month's figures are based on 29 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2022 | Vs. May 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,200 | +$338 (+18.1%) | +$305 (+16.1%) | $2,200 – $2,200 | 1 |
| 1BR | $1,725 | −$75 (-4.2%) | +$200 (+13.1%) | $1,619 – $2,513 | 24 |
| 2BR | $2,200 | −$1,000 (-31.3%) | +$500 (+29.4%) | $2,200 – $2,200 | 1 |
| 3BR | $2,700 | −$200 (-6.9%) | +$600 (+28.6%) | $2,450 – $2,950 | 2 |
| 4BR | $2,900 | $0 (0.0%) | — | $2,900 – $2,900 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2022. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — May 2022
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,200 | $1,875 | +$325 (+17.3%) |
| 1BR | $1,725 | $2,063 | −$337 (-16.4%) |
| 2BR | $2,200 | $2,499 | −$299 (-12.0%) |
| 3BR | $2,700 | $2,950 | −$250 (-8.5%) |
| 4BR | $2,900 | $3,600 | −$700 (-19.4%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2022.