Monthly Rent Report
Borough Park Rent Report — September 2024
Asking rents in ZIP 11219, New York City, from 46 listings.
Median 1BR rent in Borough Park was $2,100 in September 2024, down 16.0% (−$400) from August 2024 and down 19.2% year-over-year. The middle half of 1BR listings asked between $2,000 and $2,500. That puts Borough Park $293 below the New York City citywide 1BR median of $2,393. The month's figures are based on 46 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2024 | Vs. September 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $2,100 | −$400 (-16.0%) | −$500 (-19.2%) | $2,000 – $2,500 | 23 |
| 2BR | $3,195 | +$11 (+0.3%) | +$295 (+10.2%) | $2,200 – $3,200 | 13 |
| 3BR | $2,975 | +$175 (+6.3%) | −$125 (-4.0%) | $2,800 – $3,200 | 10 |
Median, P25, and P75 are asking rents from listings posted in September 2024. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — September 2024
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| 1BR | $2,100 | $2,393 | −$293 (-12.2%) |
| 2BR | $3,195 | $2,900 | +$295 (+10.2%) |
| 3BR | $2,975 | $3,598 | −$622 (-17.3%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in September 2024.