Monthly Rent Report
Borough Park Rent Report — April 2024
Asking rents in ZIP 11219, New York City, from 95 listings.
Median 1BR rent in Borough Park was $2,500 in April 2024, up 16.3% (+$350) from March 2024 and down 15.2% year-over-year. The middle half of 1BR listings asked between $1,943 and $3,100. That puts Borough Park in line with the New York City citywide 1BR median of $2,500. The month's figures are based on 95 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $15,000 | +$10,750 (+252.9%) | +$9,200 (+158.6%) | $15,000 – $15,000 | 2 |
| Studio | $4,500 | +$250 (+5.9%) | −$1,300 (-22.4%) | $2,750 – $8,500 | 15 |
| 1BR | $2,500 | +$350 (+16.3%) | −$448 (-15.2%) | $1,943 – $3,100 | 26 |
| 1BR | $2,500 | +$350 (+16.3%) | −$448 (-15.2%) | $1,943 – $2,600 | 12 |
| 2BR | $2,625 | −$475 (-15.3%) | −$325 (-11.0%) | $2,600 – $3,500 | 9 |
| 2BR | $2,863 | −$237 (-7.7%) | −$87 (-3.0%) | $2,381 – $3,400 | 6 |
| 3BR | $2,900 | −$50 (-1.7%) | +$250 (+9.4%) | $2,850 – $3,075 | 15 |
| 3BR | $2,900 | −$50 (-1.7%) | +$250 (+9.4%) | $2,900 – $2,925 | 3 |
| 4BR | $3,600 | — | — | $3,600 – $3,600 | 6 |
| 4BR | $3,400 | — | — | $3,400 – $3,400 | 1 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — April 2024
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $15,000 | $2,491 | +$12,509 (+502.2%) |
| Studio | $4,500 | $2,491 | +$2,009 (+80.7%) |
| 1BR | $2,500 | $2,500 | $0 (0.0%) |
| 1BR | $2,500 | $2,500 | $0 (0.0%) |
| 2BR | $2,625 | $2,995 | −$370 (-12.4%) |
| 2BR | $2,863 | $2,995 | −$132 (-4.4%) |
| 3BR | $2,900 | $3,500 | −$600 (-17.1%) |
| 3BR | $2,900 | $3,500 | −$600 (-17.1%) |
| 4BR | $3,600 | $4,270 | −$670 (-15.7%) |
| 4BR | $3,400 | $4,270 | −$870 (-20.4%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in April 2024.