Monthly Rent Report
Bushwick Rent Report — May 2023
Asking rents in ZIP 11237, New York City, from 293 listings.
Median 1BR rent in Bushwick was $2,980 in May 2023, down 40.4% (−$2,020) from April 2023 and up 29.6% year-over-year. The middle half of 1BR listings asked between $2,745 and $3,163. That puts Bushwick $503 above the New York City citywide 1BR median of $2,477. The month's figures are based on 293 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,763 | −$137 (-4.7%) | −$1,637 (-37.2%) | $2,625 – $2,875 | 4 |
| Studio | $2,875 | −$25 (-0.9%) | −$1,525 (-34.7%) | $2,875 – $2,875 | 1 |
| 1BR | $2,980 | −$2,020 (-40.4%) | +$680 (+29.6%) | $2,745 – $3,163 | 47 |
| 1BR | $2,900 | −$2,100 (-42.0%) | +$600 (+26.1%) | $2,796 – $3,000 | 6 |
| 2BR | $3,350 | +$951 (+39.6%) | +$800 (+31.4%) | $3,350 – $3,350 | 1 |
| 2BR | $3,350 | +$951 (+39.6%) | +$800 (+31.4%) | $3,000 – $3,590 | 99 |
| 3BR | $3,550 | +$50 (+1.4%) | +$400 (+12.7%) | $3,300 – $3,800 | 84 |
| 3BR | $3,600 | +$100 (+2.9%) | +$450 (+14.3%) | $3,250 – $4,038 | 15 |
| 4BR | $4,500 | +$250 (+5.9%) | +$500 (+12.5%) | $3,895 – $5,200 | 29 |
| 4BR | $5,500 | +$1,250 (+29.4%) | +$1,500 (+37.5%) | $5,500 – $5,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Bushwick vs. New York City — May 2023
| Bedrooms | Bushwick Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,763 | $2,450 | +$313 (+12.8%) |
| Studio | $2,875 | $2,450 | +$425 (+17.3%) |
| 1BR | $2,980 | $2,477 | +$503 (+20.3%) |
| 1BR | $2,900 | $2,477 | +$422 (+17.0%) |
| 2BR | $3,350 | $2,800 | +$550 (+19.6%) |
| 2BR | $3,350 | $2,800 | +$550 (+19.6%) |
| 3BR | $3,550 | $3,225 | +$325 (+10.1%) |
| 3BR | $3,600 | $3,225 | +$375 (+11.6%) |
| 4BR | $4,500 | $4,000 | +$500 (+12.5%) |
| 4BR | $5,500 | $4,000 | +$1,500 (+37.5%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.