Monthly Rent Report
Borough Park Rent Report — October 2022
Asking rents in ZIP 11219, New York City, from 22 listings.
Median 1BR rent in Borough Park was $2,600 in October 2022, up 0.2% (+$5) from September 2022 and up 62.5% year-over-year. The middle half of 1BR listings asked between $2,600 and $2,600. That puts Borough Park $345 above the New York City citywide 1BR median of $2,255. The month's figures are based on 22 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2022 | Vs. October 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $5,500 | $0 (0.0%) | +$4,175 (+315.1%) | $5,500 – $5,500 | 1 |
| Studio | $3,900 | −$1,600 (-29.1%) | +$2,575 (+194.3%) | $2,069 – $5,500 | 4 |
| 1BR | $2,600 | +$5 (+0.2%) | +$1,000 (+62.5%) | $2,600 – $2,600 | 8 |
| 1BR | $2,695 | +$100 (+3.9%) | +$1,095 (+68.4%) | $2,695 – $2,695 | 1 |
| 2BR | $3,600 | +$2 (+0.1%) | +$1,676 (+87.1%) | $3,525 – $3,625 | 4 |
| 2BR | $2,500 | −$1,098 (-30.5%) | +$576 (+29.9%) | $2,500 – $2,500 | 1 |
| 3BR | $2,425 | −$1,175 (-32.6%) | −$439 (-15.3%) | $2,413 – $2,438 | 2 |
| 3BR | $2,700 | −$900 (-25.0%) | −$164 (-5.7%) | $2,700 – $2,700 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2022. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — October 2022
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $5,500 | $2,283 | +$3,218 (+141.0%) |
| Studio | $3,900 | $2,283 | +$1,618 (+70.9%) |
| 1BR | $2,600 | $2,255 | +$345 (+15.3%) |
| 1BR | $2,695 | $2,255 | +$440 (+19.5%) |
| 2BR | $3,600 | $2,700 | +$900 (+33.3%) |
| 2BR | $2,500 | $2,700 | −$200 (-7.4%) |
| 3BR | $2,425 | $3,200 | −$775 (-24.2%) |
| 3BR | $2,700 | $3,200 | −$500 (-15.6%) |
Citywide figure is the median of zip-level medians across 173 New York City zip codes with listings in October 2022.