Monthly Rent Report
Borough Park Rent Report — August 2024
Asking rents in ZIP 11219, New York City, from 38 listings.
Median 1BR rent in Borough Park was $2,500 in August 2024, down 19.4% (−$600) from July 2024 and up 9.4% year-over-year. The middle half of 1BR listings asked between $2,475 and $2,500. That puts Borough Park $110 above the New York City citywide 1BR median of $2,390. The month's figures are based on 38 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,000 | +$1,295 (+47.9%) | −$5,000 (-55.6%) | $2,475 – $10,750 | 8 |
| 1BR | $2,500 | −$600 (-19.4%) | +$214 (+9.4%) | $2,475 – $2,500 | 4 |
| 2BR | $3,184 | +$1,934 (+154.7%) | +$284 (+9.8%) | $2,450 – $3,600 | 23 |
| 3BR | $2,800 | −$400 (-12.5%) | −$425 (-13.2%) | $2,800 – $2,800 | 1 |
| 4BR | $3,500 | +$200 (+6.1%) | +$200 (+6.1%) | $3,500 – $3,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — August 2024
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,000 | $2,500 | +$1,500 (+60.0%) |
| 1BR | $2,500 | $2,390 | +$110 (+4.6%) |
| 2BR | $3,184 | $2,900 | +$284 (+9.8%) |
| 3BR | $2,800 | $3,603 | −$803 (-22.3%) |
| 4BR | $3,500 | $4,225 | −$725 (-17.2%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in August 2024.