Monthly Rent Report
Borough Park Rent Report — November 2024
Asking rents in ZIP 11219, New York City, from 19 listings.
Median 1BR rent in Borough Park was $2,500 in November 2024, down 18.6% (−$570) from October 2024 and up 16.3% year-over-year. The middle half of 1BR listings asked between $2,500 and $2,500. That puts Borough Park $50 above the New York City citywide 1BR median of $2,450. The month's figures are based on 19 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2024 | Vs. November 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $15,000 | +$5,750 (+62.2%) | +$10,500 (+233.3%) | $15,000 – $15,000 | 2 |
| 1BR | $2,500 | −$570 (-18.6%) | +$350 (+16.3%) | $2,500 – $2,500 | 4 |
| 1BR | $1,800 | −$1,270 (-41.4%) | −$350 (-16.3%) | $1,800 – $1,800 | 1 |
| 2BR | $3,200 | +$1,001 (+45.5%) | +$203 (+6.8%) | $3,200 – $3,200 | 5 |
| 2BR | $3,200 | +$1,001 (+45.5%) | +$203 (+6.8%) | $3,200 – $3,200 | 2 |
| 3BR | $3,400 | +$200 (+6.3%) | +$850 (+33.3%) | $3,400 – $3,400 | 2 |
| 3BR | $3,400 | +$200 (+6.3%) | +$850 (+33.3%) | $3,400 – $3,400 | 2 |
| 4BR | $4,600 | — | +$800 (+21.1%) | $4,600 – $4,600 | 1 |
Median, P25, and P75 are asking rents from listings posted in November 2024. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — November 2024
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $15,000 | $2,383 | +$12,617 (+529.5%) |
| 1BR | $2,500 | $2,450 | +$50 (+2.0%) |
| 1BR | $1,800 | $2,450 | −$650 (-26.5%) |
| 2BR | $3,200 | $2,950 | +$250 (+8.5%) |
| 2BR | $3,200 | $2,950 | +$250 (+8.5%) |
| 3BR | $3,400 | $3,600 | −$200 (-5.6%) |
| 3BR | $3,400 | $3,600 | −$200 (-5.6%) |
| 4BR | $4,600 | $4,375 | +$225 (+5.1%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in November 2024.