Monthly Rent Report
Borough Park Rent Report — July 2024
Asking rents in ZIP 11219, New York City, from 29 listings.
Median 1BR rent in Borough Park was $3,100 in July 2024, up 55.0% (+$1,100) from June 2024 and up 19.2% year-over-year. The middle half of 1BR listings asked between $3,100 and $3,100. That puts Borough Park $600 above the New York City citywide 1BR median of $2,500. The month's figures are based on 29 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,705 | +$955 (+54.6%) | +$705 (+35.3%) | $1,801 – $3,676 | 6 |
| Studio | $4,000 | +$2,250 (+128.6%) | +$2,000 (+100.0%) | $4,000 – $4,000 | 1 |
| 1BR | $3,100 | +$1,100 (+55.0%) | +$500 (+19.2%) | $3,100 – $3,100 | 2 |
| 1BR | $2,050 | +$50 (+2.5%) | −$550 (-21.2%) | $2,025 – $2,050 | 4 |
| 2BR | $2,500 | −$337 (-11.9%) | −$1,100 (-30.6%) | $2,325 – $2,600 | 10 |
| 2BR | $1,250 | −$1,587 (-55.9%) | −$2,350 (-65.3%) | $1,250 – $1,250 | 1 |
| 3BR | $3,200 | +$400 (+14.3%) | +$200 (+6.7%) | $3,200 – $3,500 | 3 |
| 3BR | $2,750 | −$50 (-1.8%) | −$250 (-8.3%) | $2,750 – $2,750 | 1 |
| 4BR | $3,300 | — | — | $3,300 – $3,300 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — July 2024
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,705 | $2,800 | −$95 (-3.4%) |
| Studio | $4,000 | $2,800 | +$1,200 (+42.9%) |
| 1BR | $3,100 | $2,500 | +$600 (+24.0%) |
| 1BR | $2,050 | $2,500 | −$450 (-18.0%) |
| 2BR | $2,500 | $3,000 | −$500 (-16.7%) |
| 2BR | $1,250 | $3,000 | −$1,750 (-58.3%) |
| 3BR | $3,200 | $3,606 | −$406 (-11.3%) |
| 3BR | $2,750 | $3,606 | −$856 (-23.7%) |
| 4BR | $3,300 | $4,500 | −$1,200 (-26.7%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in July 2024.