Monthly Rent Report
Borough Park Rent Report — July 2022
Asking rents in ZIP 11219, New York City, from 28 listings.
Median 1BR rent in Borough Park was $1,798 in July 2022, down 28.1% (−$702) from June 2022 and up 12.3% year-over-year. The middle half of 1BR listings asked between $1,650 and $2,259. That puts Borough Park $468 below the New York City citywide 1BR median of $2,266. The month's figures are based on 28 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2022 | Vs. July 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,240 | +$940 (+72.3%) | +$345 (+18.2%) | $2,240 – $2,240 | 1 |
| Studio | $2,240 | +$940 (+72.3%) | +$345 (+18.2%) | $2,240 – $2,240 | 2 |
| 1BR | $1,798 | −$702 (-28.1%) | +$198 (+12.3%) | $1,650 – $2,259 | 10 |
| 1BR | $2,607 | +$107 (+4.3%) | +$1,007 (+62.9%) | $2,607 – $2,607 | 1 |
| 2BR | $2,300 | −$478 (-17.2%) | +$363 (+18.7%) | $2,300 – $2,300 | 1 |
| 2BR | $2,050 | −$728 (-26.2%) | +$113 (+5.8%) | $2,025 – $2,250 | 7 |
| 3BR | $2,150 | −$300 (-12.2%) | −$1,058 (-33.0%) | $2,000 – $2,300 | 2 |
| 3BR | $2,750 | +$300 (+12.2%) | −$458 (-14.3%) | $2,513 – $2,925 | 4 |
Median, P25, and P75 are asking rents from listings posted in July 2022. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — July 2022
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,240 | $2,245 | −$5 (-0.2%) |
| Studio | $2,240 | $2,245 | −$5 (-0.2%) |
| 1BR | $1,798 | $2,266 | −$468 (-20.7%) |
| 1BR | $2,607 | $2,266 | +$341 (+15.1%) |
| 2BR | $2,300 | $2,800 | −$500 (-17.9%) |
| 2BR | $2,050 | $2,800 | −$750 (-26.8%) |
| 3BR | $2,150 | $3,250 | −$1,100 (-33.8%) |
| 3BR | $2,750 | $3,250 | −$500 (-15.4%) |
Citywide figure is the median of zip-level medians across 172 New York City zip codes with listings in July 2022.