Monthly Rent Report
Borough Park Rent Report — July 2023
Asking rents in ZIP 11219, New York City, from 41 listings.
Median 1BR rent in Borough Park was $2,599 in July 2023, down 11.8% (−$348) from June 2023 and down 0.3% year-over-year. The middle half of 1BR listings asked between $2,393 and $2,600. That puts Borough Park $149 above the New York City citywide 1BR median of $2,450. The month's figures are based on 41 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,500 | +$1,000 (+28.6%) | +$2,260 (+100.9%) | $3,500 – $7,000 | 6 |
| Studio | $2,000 | −$1,500 (-42.9%) | −$240 (-10.7%) | $2,000 – $2,000 | 3 |
| 1BR | $2,599 | −$348 (-11.8%) | −$8 (-0.3%) | $2,393 – $2,600 | 11 |
| 1BR | $2,600 | −$347 (-11.8%) | −$7 (-0.3%) | $2,600 – $2,600 | 4 |
| 2BR | $3,600 | +$1,600 (+80.0%) | +$1,550 (+75.6%) | $3,600 – $3,600 | 2 |
| 2BR | $2,900 | +$900 (+45.0%) | +$850 (+41.5%) | $2,900 – $2,900 | 1 |
| 3BR | $3,000 | +$50 (+1.7%) | +$850 (+39.5%) | $3,000 – $3,000 | 1 |
| 3BR | $3,000 | +$50 (+1.7%) | +$850 (+39.5%) | $3,000 – $3,250 | 13 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — July 2023
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,500 | $2,498 | +$2,003 (+80.2%) |
| Studio | $2,000 | $2,498 | −$497 (-19.9%) |
| 1BR | $2,599 | $2,450 | +$149 (+6.1%) |
| 1BR | $2,600 | $2,450 | +$150 (+6.1%) |
| 2BR | $3,600 | $2,800 | +$800 (+28.6%) |
| 2BR | $2,900 | $2,800 | +$100 (+3.6%) |
| 3BR | $3,000 | $3,400 | −$400 (-11.8%) |
| 3BR | $3,000 | $3,400 | −$400 (-11.8%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in July 2023.