Monthly Rent Report
East New York Rent Report — May 2023
Asking rents in ZIP 11207, New York City, from 198 listings.
Median 1BR rent in East New York was $2,500 in May 2023, up 40.1% (+$715) from April 2023 and up 31.6% year-over-year. The middle half of 1BR listings asked between $2,400 and $2,913. That puts East New York in line with the New York City citywide 1BR median of $2,477. The month's figures are based on 198 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,950 | −$144 (-6.9%) | +$250 (+14.7%) | $1,950 – $1,950 | 1 |
| Studio | $2,200 | +$106 (+5.0%) | +$500 (+29.4%) | $2,200 – $2,200 | 6 |
| 1BR | $2,500 | +$715 (+40.1%) | +$600 (+31.6%) | $2,400 – $2,913 | 44 |
| 1BR | $2,796 | +$1,011 (+56.6%) | +$896 (+47.2%) | $2,613 – $2,950 | 7 |
| 2BR | $2,595 | −$205 (-7.3%) | +$45 (+1.8%) | $2,595 – $2,595 | 1 |
| 2BR | $2,799 | −$1 (-0.0%) | +$249 (+9.8%) | $2,500 – $2,900 | 55 |
| 3BR | $3,499 | +$249 (+7.7%) | +$1,349 (+62.7%) | $3,200 – $3,795 | 59 |
| 3BR | $2,600 | −$650 (-20.0%) | +$450 (+20.9%) | $2,600 – $2,600 | 1 |
| 4BR | $4,000 | −$295 (-6.9%) | +$400 (+11.1%) | $3,500 – $4,400 | 14 |
| 4BR | $3,500 | −$795 (-18.5%) | −$100 (-2.8%) | $3,500 – $3,750 | 3 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
East New York vs. New York City — May 2023
| Bedrooms | East New York Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,950 | $2,450 | −$500 (-20.4%) |
| Studio | $2,200 | $2,450 | −$250 (-10.2%) |
| 1BR | $2,500 | $2,477 | +$23 (+0.9%) |
| 1BR | $2,796 | $2,477 | +$319 (+12.9%) |
| 2BR | $2,595 | $2,800 | −$205 (-7.3%) |
| 2BR | $2,799 | $2,800 | −$1 (-0.0%) |
| 3BR | $3,499 | $3,225 | +$274 (+8.5%) |
| 3BR | $2,600 | $3,225 | −$625 (-19.4%) |
| 4BR | $4,000 | $4,000 | $0 (-0.0%) |
| 4BR | $3,500 | $4,000 | −$500 (-12.5%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.