Monthly Rent Report
Borough Park Rent Report — October 2024
Asking rents in ZIP 11219, New York City, from 13 listings.
Median 1BR rent in Borough Park was $1,800 in October 2024, down 14.3% (−$300) from September 2024 and down 30.8% year-over-year. The middle half of 1BR listings asked between $1,800 and $1,800. That puts Borough Park $506 below the New York City citywide 1BR median of $2,306. The month's figures are based on 13 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $9,250 | — | +$3,750 (+68.2%) | $3,500 – $15,000 | 4 |
| 1BR | $1,800 | −$300 (-14.3%) | −$800 (-30.8%) | $1,800 – $1,800 | 1 |
| 1BR | $3,070 | +$970 (+46.2%) | +$470 (+18.1%) | $3,070 – $3,070 | 3 |
| 2BR | $2,200 | −$995 (-31.2%) | −$300 (-12.0%) | $2,100 – $2,348 | 4 |
| 3BR | $3,200 | +$225 (+7.6%) | — | $3,200 – $3,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — October 2024
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $9,250 | $2,550 | +$6,700 (+262.7%) |
| 1BR | $1,800 | $2,306 | −$506 (-22.0%) |
| 1BR | $3,070 | $2,306 | +$764 (+33.1%) |
| 2BR | $2,200 | $2,914 | −$714 (-24.5%) |
| 3BR | $3,200 | $3,519 | −$319 (-9.1%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in October 2024.