Monthly Rent Report
Borough Park Rent Report — February 2024
Asking rents in ZIP 11219, New York City, from 123 listings.
Median 1BR rent in Borough Park was $1,942 in February 2024, down 24.4% (−$625) from January 2024 and up 7.9% year-over-year. The middle half of 1BR listings asked between $1,700 and $2,600. That puts Borough Park $508 below the New York City citywide 1BR median of $2,450. The month's figures are based on 123 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,500 | −$3,000 (-54.5%) | −$3,300 (-56.9%) | $2,500 – $3,250 | 3 |
| Studio | $2,600 | −$2,900 (-52.7%) | −$3,200 (-55.2%) | $2,500 – $4,125 | 20 |
| 1BR | $1,942 | −$625 (-24.4%) | +$142 (+7.9%) | $1,700 – $2,600 | 34 |
| 1BR | $1,942 | −$625 (-24.4%) | +$142 (+7.9%) | $1,700 – $2,600 | 34 |
| 2BR | $2,525 | +$25 (+1.0%) | −$325 (-11.4%) | $2,495 – $3,300 | 20 |
| 2BR | $2,495 | −$5 (-0.2%) | −$355 (-12.5%) | $2,495 – $2,495 | 1 |
| 3BR | $3,450 | +$900 (+35.3%) | +$775 (+29.0%) | $2,900 – $5,500 | 10 |
| 3BR | $2,900 | +$350 (+13.7%) | +$225 (+8.4%) | $2,900 – $2,900 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — February 2024
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,500 | $2,359 | +$141 (+6.0%) |
| Studio | $2,600 | $2,359 | +$241 (+10.2%) |
| 1BR | $1,942 | $2,450 | −$508 (-20.7%) |
| 1BR | $1,942 | $2,450 | −$508 (-20.7%) |
| 2BR | $2,525 | $2,979 | −$454 (-15.2%) |
| 2BR | $2,495 | $2,979 | −$484 (-16.2%) |
| 3BR | $3,450 | $3,500 | −$50 (-1.4%) |
| 3BR | $2,900 | $3,500 | −$600 (-17.1%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in February 2024.