Monthly Rent Report
Coney Island Rent Report — August 2023
Asking rents in ZIP 11224, New York City, from 46 listings.
Median 1BR rent in Coney Island was $2,800 in August 2023, up 3.4% (+$92) from July 2023 and up 21.7% year-over-year. The middle half of 1BR listings asked between $2,800 and $2,800. That puts Coney Island $450 above the New York City citywide 1BR median of $2,350. The month's figures are based on 46 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,500 | −$85 (-3.3%) | +$86 (+3.6%) | $2,500 – $2,500 | 1 |
| Studio | $2,550 | −$35 (-1.4%) | +$136 (+5.6%) | $2,550 – $2,550 | 1 |
| 1BR | $2,800 | +$92 (+3.4%) | +$500 (+21.7%) | $2,800 – $2,800 | 1 |
| 1BR | $2,819 | +$111 (+4.1%) | +$519 (+22.5%) | $2,787 – $2,850 | 2 |
| 2BR | $2,500 | +$700 (+38.9%) | −$300 (-10.7%) | $2,500 – $2,500 | 6 |
| 2BR | $2,800 | +$1,000 (+55.6%) | $0 (0.0%) | $2,500 – $3,760 | 24 |
| 3BR | $3,300 | +$700 (+26.9%) | +$125 (+3.9%) | $3,300 – $3,300 | 4 |
| 3BR | $3,500 | +$900 (+34.6%) | +$325 (+10.2%) | $2,950 – $3,500 | 3 |
| 4BR | $3,500 | +$558 (+19.0%) | — | $3,500 – $3,500 | 1 |
| 4BR | $3,100 | +$158 (+5.4%) | — | $3,021 – $3,300 | 3 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Coney Island vs. New York City — August 2023
| Bedrooms | Coney Island Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,500 | $2,490 | +$10 (+0.4%) |
| Studio | $2,550 | $2,490 | +$60 (+2.4%) |
| 1BR | $2,800 | $2,350 | +$450 (+19.1%) |
| 1BR | $2,819 | $2,350 | +$469 (+19.9%) |
| 2BR | $2,500 | $2,859 | −$359 (-12.6%) |
| 2BR | $2,800 | $2,859 | −$59 (-2.1%) |
| 3BR | $3,300 | $3,413 | −$112 (-3.3%) |
| 3BR | $3,500 | $3,413 | +$88 (+2.6%) |
| 4BR | $3,500 | $4,200 | −$700 (-16.7%) |
| 4BR | $3,100 | $4,200 | −$1,100 (-26.2%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in August 2023.