Monthly Rent Report
Borough Park Rent Report — January 2024
Asking rents in ZIP 11219, New York City, from 91 listings.
Median 1BR rent in Borough Park was $2,568 in January 2024, up 14.1% (+$318) from December 2023 and up 35.3% year-over-year. The middle half of 1BR listings asked between $2,044 and $2,784. That puts Borough Park $218 above the New York City citywide 1BR median of $2,350. The month's figures are based on 91 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $5,500 | −$1,000 (-15.4%) | +$3,900 (+243.8%) | $3,975 – $7,250 | 3 |
| Studio | $5,500 | −$1,000 (-15.4%) | +$3,900 (+243.8%) | $3,975 – $7,250 | 3 |
| 1BR | $2,568 | +$318 (+14.1%) | +$671 (+35.3%) | $2,044 – $2,784 | 16 |
| 1BR | $2,568 | +$318 (+14.1%) | +$671 (+35.3%) | $2,044 – $2,784 | 16 |
| 2BR | $2,500 | −$400 (-13.8%) | −$350 (-12.3%) | $2,150 – $2,781 | 22 |
| 2BR | $2,500 | −$400 (-13.8%) | −$350 (-12.3%) | $2,150 – $2,781 | 22 |
| 3BR | $2,550 | +$150 (+6.3%) | −$50 (-1.9%) | $2,425 – $2,900 | 6 |
| 3BR | $2,500 | +$100 (+4.2%) | −$100 (-3.8%) | $2,500 – $2,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — January 2024
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $5,500 | $2,338 | +$3,163 (+135.3%) |
| Studio | $5,500 | $2,338 | +$3,163 (+135.3%) |
| 1BR | $2,568 | $2,350 | +$218 (+9.3%) |
| 1BR | $2,568 | $2,350 | +$218 (+9.3%) |
| 2BR | $2,500 | $2,885 | −$385 (-13.3%) |
| 2BR | $2,500 | $2,885 | −$385 (-13.3%) |
| 3BR | $2,550 | $3,443 | −$893 (-25.9%) |
| 3BR | $2,500 | $3,443 | −$943 (-27.4%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in January 2024.