Monthly Rent Report
Borough Park Rent Report — June 2024
Asking rents in ZIP 11219, New York City, from 93 listings.
Median 1BR rent in Borough Park was $2,000 in June 2024, down 8.0% (−$175) from May 2024 and up 29.0% year-over-year. The middle half of 1BR listings asked between $1,800 and $2,500. That puts Borough Park $450 below the New York City citywide 1BR median of $2,450. The month's figures are based on 93 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,500 | −$750 (-17.6%) | +$1,000 (+40.0%) | $1,900 – $6,225 | 18 |
| Studio | $1,750 | −$2,500 (-58.8%) | −$750 (-30.0%) | $1,750 – $1,750 | 1 |
| 1BR | $2,000 | −$175 (-8.0%) | +$450 (+29.0%) | $1,800 – $2,500 | 17 |
| 1BR | $2,000 | −$175 (-8.0%) | +$450 (+29.0%) | $1,800 – $2,538 | 18 |
| 2BR | $2,838 | −$400 (-12.4%) | +$388 (+15.8%) | $2,525 – $3,256 | 18 |
| 2BR | $3,200 | −$37 (-1.2%) | +$750 (+30.6%) | $3,200 – $3,200 | 1 |
| 3BR | $2,800 | +$175 (+6.7%) | −$100 (-3.4%) | $2,800 – $3,000 | 9 |
| 3BR | $2,800 | +$175 (+6.7%) | −$100 (-3.4%) | $2,800 – $3,125 | 11 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — June 2024
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,500 | $2,440 | +$1,060 (+43.4%) |
| Studio | $1,750 | $2,440 | −$690 (-28.3%) |
| 1BR | $2,000 | $2,450 | −$450 (-18.4%) |
| 1BR | $2,000 | $2,450 | −$450 (-18.4%) |
| 2BR | $2,838 | $2,900 | −$62 (-2.2%) |
| 2BR | $3,200 | $2,900 | +$300 (+10.3%) |
| 3BR | $2,800 | $3,600 | −$800 (-22.2%) |
| 3BR | $2,800 | $3,600 | −$800 (-22.2%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in June 2024.