Monthly Rent Report
Borough Park Rent Report — November 2023
Asking rents in ZIP 11219, New York City, from 123 listings.
Median 1BR rent in Borough Park was $2,150 in November 2023, down 15.7% (−$400) from October 2023 and up 34.4% year-over-year. The middle half of 1BR listings asked between $1,949 and $2,600. That puts Borough Park $250 below the New York City citywide 1BR median of $2,400. The month's figures are based on 123 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,500 | −$1,000 (-18.2%) | +$2,105 (+87.9%) | $4,500 – $4,500 | 1 |
| Studio | $4,500 | −$1,000 (-18.2%) | +$2,105 (+87.9%) | $2,100 – $5,500 | 17 |
| 1BR | $2,150 | −$400 (-15.7%) | +$550 (+34.4%) | $1,949 – $2,600 | 25 |
| 1BR | $2,150 | −$400 (-15.7%) | +$550 (+34.4%) | $1,949 – $2,600 | 25 |
| 2BR | $2,998 | +$498 (+19.9%) | −$502 (-14.4%) | $2,825 – $3,595 | 20 |
| 2BR | $2,998 | +$498 (+19.9%) | −$502 (-14.4%) | $2,825 – $3,595 | 20 |
| 3BR | $2,550 | — | −$200 (-7.3%) | $2,300 – $3,000 | 11 |
| 3BR | $2,300 | — | −$450 (-16.4%) | $2,300 – $2,300 | 2 |
| 4BR | $3,800 | $0 (0.0%) | +$600 (+18.8%) | $3,800 – $3,800 | 1 |
| 4BR | $3,800 | $0 (0.0%) | +$600 (+18.8%) | $3,800 – $3,800 | 1 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — November 2023
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,500 | $2,395 | +$2,105 (+87.9%) |
| Studio | $4,500 | $2,395 | +$2,105 (+87.9%) |
| 1BR | $2,150 | $2,400 | −$250 (-10.4%) |
| 1BR | $2,150 | $2,400 | −$250 (-10.4%) |
| 2BR | $2,998 | $2,798 | +$200 (+7.1%) |
| 2BR | $2,998 | $2,798 | +$200 (+7.1%) |
| 3BR | $2,550 | $3,300 | −$750 (-22.7%) |
| 3BR | $2,300 | $3,300 | −$1,000 (-30.3%) |
| 4BR | $3,800 | $4,199 | −$399 (-9.5%) |
| 4BR | $3,800 | $4,199 | −$399 (-9.5%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in November 2023.