Monthly Rent Report
Borough Park Rent Report — January 2023
Asking rents in ZIP 11219, New York City, from 68 listings.
Median 1BR rent in Borough Park was $1,800 in January 2023, down 18.2% (−$400) from December 2022 and down 20.4% year-over-year. The middle half of 1BR listings asked between $1,688 and $2,125. That puts Borough Park $489 below the New York City citywide 1BR median of $2,289. The month's figures are based on 68 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2022 | Vs. January 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,600 | −$1,950 (-54.9%) | — | $1,600 – $2,575 | 4 |
| Studio | $1,600 | −$1,950 (-54.9%) | — | $1,600 – $1,600 | 2 |
| 1BR | $1,800 | −$400 (-18.2%) | −$461 (-20.4%) | $1,688 – $2,125 | 24 |
| 1BR | $1,897 | −$303 (-13.8%) | −$364 (-16.1%) | $1,897 – $1,897 | 1 |
| 2BR | $3,474 | −$14 (-0.4%) | +$479 (+16.0%) | $3,473 – $3,474 | 2 |
| 2BR | $2,850 | −$637 (-18.3%) | −$145 (-4.8%) | $2,600 – $3,075 | 16 |
| 3BR | $2,600 | −$1,200 (-31.6%) | +$100 (+4.0%) | $2,600 – $2,870 | 15 |
| 3BR | $2,600 | −$1,200 (-31.6%) | +$100 (+4.0%) | $2,600 – $2,600 | 1 |
Median, P25, and P75 are asking rents from listings posted in January 2023. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — January 2023
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,600 | $2,197 | −$597 (-27.2%) |
| Studio | $1,600 | $2,197 | −$597 (-27.2%) |
| 1BR | $1,800 | $2,289 | −$489 (-21.4%) |
| 1BR | $1,897 | $2,289 | −$392 (-17.1%) |
| 2BR | $3,474 | $2,700 | +$774 (+28.7%) |
| 2BR | $2,850 | $2,700 | +$150 (+5.6%) |
| 3BR | $2,600 | $3,200 | −$600 (-18.8%) |
| 3BR | $2,600 | $3,200 | −$600 (-18.8%) |
Citywide figure is the median of zip-level medians across 173 New York City zip codes with listings in January 2023.