Monthly Rent Report
Borough Park Rent Report — May 2024
Asking rents in ZIP 11219, New York City, from 84 listings.
Median 1BR rent in Borough Park was $2,175 in May 2024, down 13.0% (−$325) from April 2024 and down 17.1% year-over-year. The middle half of 1BR listings asked between $2,038 and $2,313. That puts Borough Park $250 below the New York City citywide 1BR median of $2,425. The month's figures are based on 84 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,250 | −$10,750 (-71.7%) | +$1,757 (+70.5%) | $2,625 – $8,450 | 10 |
| Studio | $4,250 | −$10,750 (-71.7%) | +$1,757 (+70.5%) | $2,625 – $8,450 | 10 |
| 1BR | $2,175 | −$325 (-13.0%) | −$450 (-17.1%) | $2,038 – $2,313 | 2 |
| 1BR | $2,450 | −$50 (-2.0%) | −$175 (-6.7%) | $1,900 – $2,650 | 9 |
| 2BR | $2,600 | −$25 (-1.0%) | −$300 (-10.3%) | $2,500 – $3,200 | 19 |
| 2BR | $3,238 | +$613 (+23.3%) | +$338 (+11.6%) | $3,219 – $3,256 | 2 |
| 3BR | $2,625 | −$275 (-9.5%) | −$325 (-11.0%) | $2,500 – $3,250 | 14 |
| 3BR | $2,625 | −$275 (-9.5%) | −$325 (-11.0%) | $2,500 – $3,250 | 14 |
| 4BR | $3,800 | +$400 (+11.8%) | −$200 (-5.0%) | $3,700 – $3,900 | 2 |
| 4BR | $3,800 | +$400 (+11.8%) | −$200 (-5.0%) | $3,700 – $3,900 | 2 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — May 2024
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,250 | $2,350 | +$1,900 (+80.9%) |
| Studio | $4,250 | $2,350 | +$1,900 (+80.9%) |
| 1BR | $2,175 | $2,425 | −$250 (-10.3%) |
| 1BR | $2,450 | $2,425 | +$25 (+1.0%) |
| 2BR | $2,600 | $2,914 | −$313 (-10.8%) |
| 2BR | $3,238 | $2,914 | +$324 (+11.1%) |
| 3BR | $2,625 | $3,600 | −$975 (-27.1%) |
| 3BR | $2,625 | $3,600 | −$975 (-27.1%) |
| 4BR | $3,800 | $4,250 | −$450 (-10.6%) |
| 4BR | $3,800 | $4,250 | −$450 (-10.6%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2024.