Monthly Rent Report
Borough Park Rent Report — August 2023
Asking rents in ZIP 11219, New York City, from 63 listings.
Median 1BR rent in Borough Park was $1,499 in August 2023, down 42.3% (−$1,100) from July 2023 and down 40.0% year-over-year. The middle half of 1BR listings asked between $1,499 and $1,499. That puts Borough Park $851 below the New York City citywide 1BR median of $2,350. The month's figures are based on 63 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $9,000 | +$7,000 (+350.0%) | +$6,800 (+309.1%) | $9,000 – $9,000 | 11 |
| Studio | $9,000 | +$7,000 (+350.0%) | +$6,800 (+309.1%) | $9,000 – $9,000 | 2 |
| 1BR | $1,499 | −$1,100 (-42.3%) | −$1,001 (-40.0%) | $1,499 – $1,499 | 1 |
| 1BR | $2,286 | −$313 (-12.0%) | −$214 (-8.6%) | $1,998 – $2,700 | 19 |
| 2BR | $2,600 | −$1,000 (-27.8%) | −$938 (-26.5%) | $2,600 – $2,600 | 1 |
| 2BR | $2,900 | −$700 (-19.4%) | −$638 (-18.0%) | $2,900 – $2,900 | 3 |
| 3BR | $3,197 | +$197 (+6.6%) | +$947 (+42.1%) | $2,763 – $3,510 | 8 |
| 3BR | $3,225 | +$225 (+7.5%) | +$975 (+43.3%) | $2,850 – $3,503 | 12 |
| 4BR | $3,300 | — | — | $3,150 – $3,300 | 3 |
| 4BR | $3,300 | — | — | $3,150 – $3,300 | 3 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — August 2023
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $9,000 | $2,490 | +$6,510 (+261.4%) |
| Studio | $9,000 | $2,490 | +$6,510 (+261.4%) |
| 1BR | $1,499 | $2,350 | −$851 (-36.2%) |
| 1BR | $2,286 | $2,350 | −$64 (-2.7%) |
| 2BR | $2,600 | $2,859 | −$259 (-9.1%) |
| 2BR | $2,900 | $2,859 | +$41 (+1.4%) |
| 3BR | $3,197 | $3,413 | −$216 (-6.3%) |
| 3BR | $3,225 | $3,413 | −$187 (-5.5%) |
| 4BR | $3,300 | $4,200 | −$900 (-21.4%) |
| 4BR | $3,300 | $4,200 | −$900 (-21.4%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in August 2023.