Monthly Rent Report
Borough Park Rent Report — September 2023
Asking rents in ZIP 11219, New York City, from 12 listings.
Median 1BR rent in Borough Park was $2,600 in September 2023, up 73.4% (+$1,101) from August 2023 and down 8.8% year-over-year. The middle half of 1BR listings asked between $2,600 and $2,600. That puts Borough Park $100 above the New York City citywide 1BR median of $2,500. The month's figures are based on 12 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,150 | −$6,850 (-76.1%) | −$3,350 (-60.9%) | $2,125 – $2,175 | 2 |
| 1BR | $2,600 | +$1,101 (+73.4%) | −$250 (-8.8%) | $2,600 – $2,600 | 5 |
| 1BR | $2,525 | +$1,026 (+68.4%) | −$325 (-11.4%) | $2,525 – $2,525 | 1 |
| 2BR | $2,900 | +$300 (+11.5%) | $0 (0.0%) | $2,900 – $2,900 | 1 |
| 3BR | $3,100 | −$125 (-3.9%) | −$500 (-13.9%) | $3,100 – $3,100 | 1 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — September 2023
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,150 | $2,400 | −$250 (-10.4%) |
| 1BR | $2,600 | $2,500 | +$100 (+4.0%) |
| 1BR | $2,525 | $2,500 | +$25 (+1.0%) |
| 2BR | $2,900 | $3,000 | −$100 (-3.3%) |
| 3BR | $3,100 | $3,500 | −$400 (-11.4%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in September 2023.