Monthly Rent Report
Coney Island Rent Report — May 2023
Asking rents in ZIP 11224, New York City, from 65 listings.
Median 1BR rent in Coney Island was $2,400 in May 2023, up 6.5% (+$146) from April 2023 and up 6.1% year-over-year. The middle half of 1BR listings asked between $2,350 and $2,408. That puts Coney Island $77 below the New York City citywide 1BR median of $2,477. The month's figures are based on 65 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,478 | +$186 (+8.1%) | +$700 (+39.4%) | $1,969 – $2,625 | 14 |
| Studio | $2,625 | +$333 (+14.5%) | +$847 (+47.6%) | $2,625 – $2,625 | 1 |
| 1BR | $2,400 | +$146 (+6.5%) | +$139 (+6.1%) | $2,350 – $2,408 | 17 |
| 1BR | $3,140 | +$886 (+39.3%) | +$879 (+38.8%) | $3,140 – $3,140 | 1 |
| 2BR | $2,800 | +$100 (+3.7%) | +$50 (+1.8%) | $2,300 – $3,329 | 21 |
| 2BR | $3,484 | +$784 (+29.0%) | +$734 (+26.7%) | $3,484 – $3,484 | 1 |
| 3BR | $2,300 | −$600 (-20.7%) | −$2,121 (-48.0%) | $2,300 – $2,300 | 1 |
| 3BR | $2,900 | $0 (0.0%) | −$1,521 (-34.4%) | $2,900 – $3,048 | 5 |
| 4BR | $2,800 | −$700 (-20.0%) | −$142 (-4.8%) | $2,800 – $3,150 | 3 |
| 4BR | $2,800 | −$700 (-20.0%) | −$142 (-4.8%) | $2,800 – $2,800 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Coney Island vs. New York City — May 2023
| Bedrooms | Coney Island Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,478 | $2,450 | +$28 (+1.1%) |
| Studio | $2,625 | $2,450 | +$175 (+7.1%) |
| 1BR | $2,400 | $2,477 | −$77 (-3.1%) |
| 1BR | $3,140 | $2,477 | +$663 (+26.8%) |
| 2BR | $2,800 | $2,800 | $0 (0.0%) |
| 2BR | $3,484 | $2,800 | +$684 (+24.4%) |
| 3BR | $2,300 | $3,225 | −$925 (-28.7%) |
| 3BR | $2,900 | $3,225 | −$325 (-10.1%) |
| 4BR | $2,800 | $4,000 | −$1,200 (-30.0%) |
| 4BR | $2,800 | $4,000 | −$1,200 (-30.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.