Monthly Rent Report
Borough Park Rent Report — April 2023
Asking rents in ZIP 11219, New York City, from 103 listings.
Median 1BR rent in Borough Park was $2,948 in April 2023, up 63.8% (+$1,148) from March 2023 and up 63.8% year-over-year. The middle half of 1BR listings asked between $2,948 and $2,948. That puts Borough Park $575 above the New York City citywide 1BR median of $2,373. The month's figures are based on 103 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,371 | +$721 (+43.7%) | +$509 (+27.3%) | $2,371 – $2,371 | 1 |
| Studio | $5,800 | +$4,150 (+251.5%) | +$3,938 (+211.4%) | $5,500 – $7,750 | 8 |
| 1BR | $2,948 | +$1,148 (+63.8%) | +$1,148 (+63.8%) | $2,948 – $2,948 | 1 |
| 1BR | $2,600 | +$800 (+44.4%) | +$800 (+44.4%) | $1,785 – $2,600 | 17 |
| 2BR | $2,950 | +$700 (+31.1%) | −$250 (-7.8%) | $2,550 – $3,454 | 22 |
| 2BR | $2,950 | +$700 (+31.1%) | −$250 (-7.8%) | $2,550 – $3,454 | 22 |
| 3BR | $2,650 | −$150 (-5.4%) | −$250 (-8.6%) | $2,600 – $2,950 | 14 |
| 3BR | $2,650 | −$150 (-5.4%) | −$250 (-8.6%) | $2,600 – $2,950 | 14 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — April 2023
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,371 | $2,349 | +$22 (+0.9%) |
| Studio | $5,800 | $2,349 | +$3,451 (+146.9%) |
| 1BR | $2,948 | $2,373 | +$575 (+24.2%) |
| 1BR | $2,600 | $2,373 | +$228 (+9.6%) |
| 2BR | $2,950 | $2,795 | +$155 (+5.5%) |
| 2BR | $2,950 | $2,795 | +$155 (+5.5%) |
| 3BR | $2,650 | $3,200 | −$550 (-17.2%) |
| 3BR | $2,650 | $3,200 | −$550 (-17.2%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in April 2023.