Monthly Rent Report
Borough Park Rent Report — August 2022
Asking rents in ZIP 11219, New York City, from 58 listings.
Median 1BR rent in Borough Park was $1,675 in August 2022, down 35.7% (−$932) from July 2022 and up 4.7% year-over-year. The middle half of 1BR listings asked between $1,587 and $1,813. That puts Borough Park $675 below the New York City citywide 1BR median of $2,350. The month's figures are based on 58 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2022 | Vs. August 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,200 | −$40 (-1.8%) | +$305 (+16.1%) | $2,200 – $2,200 | 1 |
| 1BR | $1,675 | −$932 (-35.7%) | +$75 (+4.7%) | $1,587 – $1,813 | 3 |
| 1BR | $2,500 | −$107 (-4.1%) | +$900 (+56.3%) | $1,950 – $2,600 | 30 |
| 2BR | $3,538 | +$1,238 (+53.8%) | +$1,438 (+68.5%) | $3,538 – $3,538 | 2 |
| 2BR | $2,475 | +$175 (+7.6%) | +$375 (+17.9%) | $1,700 – $3,597 | 10 |
| 3BR | $2,475 | +$325 (+15.1%) | +$75 (+3.1%) | $2,275 – $2,700 | 8 |
| 3BR | $2,250 | +$100 (+4.7%) | −$150 (-6.3%) | $2,200 – $2,400 | 4 |
Median, P25, and P75 are asking rents from listings posted in August 2022. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — August 2022
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,200 | $2,300 | −$100 (-4.3%) |
| 1BR | $1,675 | $2,350 | −$675 (-28.7%) |
| 1BR | $2,500 | $2,350 | +$150 (+6.4%) |
| 2BR | $3,538 | $2,800 | +$738 (+26.4%) |
| 2BR | $2,475 | $2,800 | −$325 (-11.6%) |
| 3BR | $2,475 | $3,350 | −$875 (-26.1%) |
| 3BR | $2,250 | $3,350 | −$1,100 (-32.8%) |
Citywide figure is the median of zip-level medians across 168 New York City zip codes with listings in August 2022.