Monthly Rent Report
Borough Park Rent Report — March 2024
Asking rents in ZIP 11219, New York City, from 99 listings.
Median 1BR rent in Borough Park was $2,063 in March 2024, up 6.2% (+$121) from February 2024 and up 14.6% year-over-year. The middle half of 1BR listings asked between $1,888 and $2,600. That puts Borough Park $437 below the New York City citywide 1BR median of $2,499. The month's figures are based on 99 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,250 | +$1,650 (+63.5%) | +$2,600 (+157.6%) | $2,563 – $8,625 | 8 |
| Studio | $4,000 | +$1,400 (+53.8%) | +$2,350 (+142.4%) | $2,488 – $5,500 | 12 |
| 1BR | $2,063 | +$121 (+6.2%) | +$263 (+14.6%) | $1,888 – $2,600 | 12 |
| 1BR | $2,150 | +$208 (+10.7%) | +$350 (+19.4%) | $1,800 – $2,600 | 21 |
| 2BR | $3,200 | +$705 (+28.3%) | +$950 (+42.2%) | $2,900 – $3,500 | 12 |
| 2BR | $3,100 | +$605 (+24.2%) | +$850 (+37.8%) | $2,200 – $3,450 | 15 |
| 3BR | $2,950 | +$50 (+1.7%) | +$150 (+5.4%) | $2,800 – $3,100 | 8 |
| 3BR | $3,100 | +$200 (+6.9%) | +$300 (+10.7%) | $2,800 – $3,850 | 4 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — March 2024
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,250 | $2,450 | +$1,800 (+73.5%) |
| Studio | $4,000 | $2,450 | +$1,550 (+63.3%) |
| 1BR | $2,063 | $2,499 | −$436 (-17.5%) |
| 1BR | $2,150 | $2,499 | −$349 (-14.0%) |
| 2BR | $3,200 | $2,995 | +$206 (+6.9%) |
| 2BR | $3,100 | $2,995 | +$106 (+3.5%) |
| 3BR | $2,950 | $3,500 | −$550 (-15.7%) |
| 3BR | $3,100 | $3,500 | −$400 (-11.4%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in March 2024.