Monthly Rent Report
Borough Park Rent Report — November 2022
Asking rents in ZIP 11219, New York City, from 50 listings.
Median 1BR rent in Borough Park was $1,599 in November 2022, down 38.5% (−$1,001) from October 2022 and down 0.1% year-over-year. The middle half of 1BR listings asked between $1,599 and $1,599. That puts Borough Park $645 below the New York City citywide 1BR median of $2,244. The month's figures are based on 50 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2022 | Vs. November 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $5,500 | +$1,600 (+41.0%) | +$3,505 (+175.7%) | $5,500 – $7,900 | 5 |
| Studio | $2,395 | −$1,505 (-38.6%) | +$400 (+20.1%) | $2,395 – $2,395 | 1 |
| 1BR | $1,599 | −$1,001 (-38.5%) | −$1 (-0.1%) | $1,599 – $1,599 | 2 |
| 1BR | $1,600 | −$1,000 (-38.5%) | $0 (0.0%) | $1,600 – $1,600 | 1 |
| 2BR | $1,875 | −$1,725 (-47.9%) | −$1,225 (-39.5%) | $1,875 – $1,875 | 1 |
| 2BR | $3,500 | −$100 (-2.8%) | +$400 (+12.9%) | $2,450 – $3,550 | 15 |
| 3BR | $2,700 | +$275 (+11.3%) | −$100 (-3.6%) | $2,200 – $2,800 | 13 |
| 3BR | $2,750 | +$325 (+13.4%) | −$50 (-1.8%) | $2,700 – $2,900 | 5 |
| 4BR | $3,200 | — | — | $3,150 – $3,250 | 2 |
Median, P25, and P75 are asking rents from listings posted in November 2022. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — November 2022
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $5,500 | $2,148 | +$3,352 (+156.1%) |
| Studio | $2,395 | $2,148 | +$247 (+11.5%) |
| 1BR | $1,599 | $2,244 | −$645 (-28.7%) |
| 1BR | $1,600 | $2,244 | −$644 (-28.7%) |
| 2BR | $1,875 | $2,700 | −$825 (-30.6%) |
| 2BR | $3,500 | $2,700 | +$800 (+29.6%) |
| 3BR | $2,700 | $3,200 | −$500 (-15.6%) |
| 3BR | $2,750 | $3,200 | −$450 (-14.1%) |
| 4BR | $3,200 | $3,900 | −$700 (-17.9%) |
Citywide figure is the median of zip-level medians across 170 New York City zip codes with listings in November 2022.