Monthly Rent Report
Borough Park Rent Report — March 2023
Asking rents in ZIP 11219, New York City, from 88 listings.
Median 1BR rent in Borough Park was $1,800 in March 2023, flat versus February 2023 and down 21.6% year-over-year. The middle half of 1BR listings asked between $1,700 and $1,802. That puts Borough Park $499 below the New York City citywide 1BR median of $2,299. The month's figures are based on 88 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,650 | −$4,150 (-71.6%) | +$125 (+8.2%) | $1,650 – $1,650 | 5 |
| Studio | $1,650 | −$4,150 (-71.6%) | +$125 (+8.2%) | $1,650 – $1,650 | 2 |
| 1BR | $1,800 | $0 (0.0%) | −$495 (-21.6%) | $1,700 – $1,802 | 11 |
| 1BR | $1,800 | $0 (0.0%) | −$495 (-21.6%) | $1,675 – $1,802 | 5 |
| 2BR | $2,250 | −$600 (-21.1%) | −$101 (-4.3%) | $2,000 – $2,588 | 24 |
| 2BR | $2,525 | −$325 (-11.4%) | +$174 (+7.4%) | $2,188 – $2,838 | 12 |
| 3BR | $2,800 | +$125 (+4.7%) | +$500 (+21.7%) | $2,488 – $3,050 | 8 |
| 3BR | $2,800 | +$125 (+4.7%) | +$500 (+21.7%) | $2,525 – $3,150 | 14 |
| 4BR | $3,000 | $0 (0.0%) | — | $3,000 – $3,000 | 1 |
| 4BR | $3,000 | $0 (0.0%) | — | $3,000 – $3,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — March 2023
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,650 | $2,200 | −$550 (-25.0%) |
| Studio | $1,650 | $2,200 | −$550 (-25.0%) |
| 1BR | $1,800 | $2,299 | −$499 (-21.7%) |
| 1BR | $1,800 | $2,299 | −$499 (-21.7%) |
| 2BR | $2,250 | $2,650 | −$400 (-15.1%) |
| 2BR | $2,525 | $2,650 | −$125 (-4.7%) |
| 3BR | $2,800 | $3,200 | −$400 (-12.5%) |
| 3BR | $2,800 | $3,200 | −$400 (-12.5%) |
| 4BR | $3,000 | $3,995 | −$995 (-24.9%) |
| 4BR | $3,000 | $3,995 | −$995 (-24.9%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in March 2023.