Monthly Rent Report
Borough Park Rent Report — December 2024
Asking rents in ZIP 11219, New York City, from 22 listings.
Median 1BR rent in Borough Park was $1,750 in December 2024, down 2.8% (−$50) from November 2024 and down 22.2% year-over-year. The middle half of 1BR listings asked between $1,750 and $1,750. That puts Borough Park $730 below the New York City citywide 1BR median of $2,480. The month's figures are based on 22 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2024 | Vs. December 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $15,000 | $0 (0.0%) | +$10,500 (+233.3%) | $15,000 – $15,000 | 1 |
| 1BR | $1,750 | −$50 (-2.8%) | −$500 (-22.2%) | $1,750 – $1,750 | 1 |
| 1BR | $1,750 | −$50 (-2.8%) | −$500 (-22.2%) | $1,750 – $1,750 | 1 |
| 2BR | $3,500 | +$300 (+9.4%) | +$600 (+20.7%) | $3,500 – $3,500 | 3 |
| 2BR | $3,500 | +$300 (+9.4%) | +$600 (+20.7%) | $3,500 – $3,500 | 9 |
| 3BR | $3,100 | −$300 (-8.8%) | +$600 (+24.0%) | $2,825 – $3,627 | 7 |
Median, P25, and P75 are asking rents from listings posted in December 2024. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — December 2024
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $15,000 | $2,525 | +$12,475 (+494.1%) |
| 1BR | $1,750 | $2,480 | −$729 (-29.4%) |
| 1BR | $1,750 | $2,480 | −$729 (-29.4%) |
| 2BR | $3,500 | $2,975 | +$525 (+17.6%) |
| 2BR | $3,500 | $2,975 | +$525 (+17.6%) |
| 3BR | $3,100 | $3,546 | −$445 (-12.6%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in December 2024.