Monthly Rent Report
Borough Park Rent Report — December 2023
Asking rents in ZIP 11219, New York City, from 75 listings.
Median 1BR rent in Borough Park was $2,250 in December 2023, up 4.7% (+$100) from November 2023 and down 3.2% year-over-year. The middle half of 1BR listings asked between $1,788 and $2,595. That puts Borough Park $150 below the New York City citywide 1BR median of $2,400. The month's figures are based on 75 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $6,500 | +$2,000 (+44.4%) | +$2,950 (+83.1%) | $4,500 – $8,500 | 4 |
| Studio | $4,500 | $0 (0.0%) | +$950 (+26.8%) | $4,500 – $8,500 | 14 |
| 1BR | $2,250 | +$100 (+4.7%) | −$75 (-3.2%) | $1,788 – $2,595 | 32 |
| 1BR | $1,900 | −$250 (-11.6%) | −$425 (-18.3%) | $1,713 – $2,356 | 12 |
| 2BR | $2,900 | −$97 (-3.3%) | −$587 (-16.8%) | $2,900 – $2,900 | 1 |
| 2BR | $2,900 | −$97 (-3.3%) | −$587 (-16.8%) | $2,900 – $2,900 | 1 |
| 3BR | $2,400 | −$150 (-5.9%) | −$800 (-25.0%) | $2,300 – $2,550 | 4 |
| 3BR | $2,500 | −$50 (-2.0%) | −$700 (-21.9%) | $2,500 – $2,500 | 1 |
| 4BR | $3,800 | $0 (0.0%) | — | $3,350 – $3,875 | 3 |
| 4BR | $3,800 | $0 (0.0%) | — | $3,350 – $3,875 | 3 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — December 2023
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $6,500 | $2,362 | +$4,138 (+175.2%) |
| Studio | $4,500 | $2,362 | +$2,138 (+90.5%) |
| 1BR | $2,250 | $2,400 | −$150 (-6.3%) |
| 1BR | $1,900 | $2,400 | −$500 (-20.8%) |
| 2BR | $2,900 | $2,900 | $0 (0.0%) |
| 2BR | $2,900 | $2,900 | $0 (0.0%) |
| 3BR | $2,400 | $3,500 | −$1,100 (-31.4%) |
| 3BR | $2,500 | $3,500 | −$1,000 (-28.6%) |
| 4BR | $3,800 | $4,070 | −$270 (-6.6%) |
| 4BR | $3,800 | $4,070 | −$270 (-6.6%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in December 2023.