Monthly Rent Report
Borough Park Rent Report — June 2023
Asking rents in ZIP 11219, New York City, from 41 listings.
Median 1BR rent in Borough Park was $1,550 in June 2023, down 41.0% (−$1,075) from May 2023 and down 38.0% year-over-year. The middle half of 1BR listings asked between $1,550 and $1,550. That puts Borough Park $938 below the New York City citywide 1BR median of $2,488. The month's figures are based on 41 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,500 | −$4,150 (-62.4%) | +$1,200 (+92.3%) | $2,500 – $2,500 | 1 |
| Studio | $3,500 | −$3,150 (-47.4%) | +$2,200 (+169.2%) | $2,900 – $6,650 | 11 |
| 1BR | $1,550 | −$1,075 (-41.0%) | −$950 (-38.0%) | $1,550 – $1,550 | 1 |
| 1BR | $2,947 | +$322 (+12.3%) | +$447 (+17.9%) | $2,499 – $3,009 | 3 |
| 2BR | $2,450 | −$450 (-15.5%) | −$50 (-2.0%) | $2,200 – $2,638 | 12 |
| 2BR | $2,000 | −$900 (-31.0%) | −$500 (-20.0%) | $2,000 – $2,000 | 1 |
| 3BR | $2,900 | −$50 (-1.7%) | +$450 (+18.4%) | $2,538 – $3,338 | 6 |
| 3BR | $2,950 | $0 (0.0%) | +$500 (+20.4%) | $2,700 – $3,200 | 2 |
| 4BR | $4,000 | $0 (0.0%) | +$600 (+17.6%) | $4,000 – $4,000 | 1 |
| 4BR | $4,000 | $0 (0.0%) | +$600 (+17.6%) | $4,000 – $4,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — June 2023
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,500 | $2,500 | $0 (0.0%) |
| Studio | $3,500 | $2,500 | +$1,000 (+40.0%) |
| 1BR | $1,550 | $2,488 | −$937 (-37.7%) |
| 1BR | $2,947 | $2,488 | +$460 (+18.5%) |
| 2BR | $2,450 | $2,828 | −$378 (-13.4%) |
| 2BR | $2,000 | $2,828 | −$828 (-29.3%) |
| 3BR | $2,900 | $3,300 | −$400 (-12.1%) |
| 3BR | $2,950 | $3,300 | −$350 (-10.6%) |
| 4BR | $4,000 | $4,200 | −$200 (-4.8%) |
| 4BR | $4,000 | $4,200 | −$200 (-4.8%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in June 2023.