Monthly Rent Report
Borough Park Rent Report — October 2023
Asking rents in ZIP 11219, New York City, from 52 listings.
Median 1BR rent in Borough Park was $2,550 in October 2023, up 1.0% (+$25) from September 2023 and down 5.4% year-over-year. The middle half of 1BR listings asked between $2,050 and $2,600. That puts Borough Park $100 above the New York City citywide 1BR median of $2,450. The month's figures are based on 52 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,375 | −$775 (-36.0%) | −$4,125 (-75.0%) | $1,375 – $1,375 | 2 |
| Studio | $5,500 | +$3,350 (+155.8%) | $0 (0.0%) | $2,000 – $9,000 | 12 |
| 1BR | $2,550 | +$25 (+1.0%) | −$145 (-5.4%) | $2,050 – $2,600 | 6 |
| 1BR | $2,600 | +$75 (+3.0%) | −$95 (-3.5%) | $2,575 – $3,000 | 20 |
| 2BR | $2,500 | −$400 (-13.8%) | −$1,100 (-30.6%) | $2,500 – $2,500 | 1 |
| 2BR | $2,900 | $0 (0.0%) | −$700 (-19.4%) | $2,900 – $2,950 | 5 |
| 4BR | $3,800 | — | — | $3,800 – $3,800 | 3 |
| 4BR | $3,800 | — | — | $3,800 – $3,800 | 3 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — October 2023
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,375 | $2,411 | −$1,035 (-43.0%) |
| Studio | $5,500 | $2,411 | +$3,090 (+128.2%) |
| 1BR | $2,550 | $2,450 | +$100 (+4.1%) |
| 1BR | $2,600 | $2,450 | +$150 (+6.1%) |
| 2BR | $2,500 | $2,900 | −$400 (-13.8%) |
| 2BR | $2,900 | $2,900 | $0 (0.0%) |
| 4BR | $3,800 | $4,200 | −$400 (-9.5%) |
| 4BR | $3,800 | $4,200 | −$400 (-9.5%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in October 2023.