Monthly Rent Report
Borough Park Rent Report — February 2023
Asking rents in ZIP 11219, New York City, from 47 listings.
Median 1BR rent in Borough Park was $2,988 in February 2023, up 57.5% (+$1,091) from January 2023 and up 92.8% year-over-year. The middle half of 1BR listings asked between $2,939 and $2,989. That puts Borough Park $789 above the New York City citywide 1BR median of $2,200. The month's figures are based on 47 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $5,800 | +$4,200 (+262.5%) | +$3,800 (+190.0%) | $5,800 – $5,800 | 1 |
| Studio | $5,800 | +$4,200 (+262.5%) | +$3,800 (+190.0%) | $5,800 – $5,800 | 1 |
| 1BR | $2,988 | +$1,091 (+57.5%) | +$1,438 (+92.8%) | $2,939 – $2,989 | 4 |
| 1BR | $1,800 | −$97 (-5.1%) | +$250 (+16.1%) | $1,800 – $2,025 | 12 |
| 2BR | $3,000 | +$150 (+5.3%) | −$100 (-3.2%) | $3,000 – $3,000 | 1 |
| 2BR | $2,850 | $0 (0.0%) | −$250 (-8.1%) | $2,425 – $3,063 | 12 |
| 3BR | $2,675 | +$75 (+2.9%) | +$175 (+7.0%) | $2,513 – $2,863 | 4 |
| 3BR | $2,675 | +$75 (+2.9%) | +$175 (+7.0%) | $2,513 – $2,863 | 4 |
| 4BR | $3,000 | — | +$200 (+7.1%) | $3,000 – $3,000 | 2 |
| 4BR | $3,000 | — | +$200 (+7.1%) | $3,000 – $3,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — February 2023
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $5,800 | $2,260 | +$3,540 (+156.6%) |
| Studio | $5,800 | $2,260 | +$3,540 (+156.6%) |
| 1BR | $2,988 | $2,200 | +$789 (+35.9%) |
| 1BR | $1,800 | $2,200 | −$399 (-18.2%) |
| 2BR | $3,000 | $2,695 | +$305 (+11.3%) |
| 2BR | $2,850 | $2,695 | +$155 (+5.8%) |
| 3BR | $2,675 | $3,200 | −$525 (-16.4%) |
| 3BR | $2,675 | $3,200 | −$525 (-16.4%) |
| 4BR | $3,000 | $3,800 | −$800 (-21.1%) |
| 4BR | $3,000 | $3,800 | −$800 (-21.1%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in February 2023.