Monthly Rent Report
Far Rockaway Rent Report — May 2023
Asking rents in ZIP 11691, New York City, from 157 listings.
Median 1BR rent in Far Rockaway was $2,550 in May 2023, flat versus April 2023 and up 34.3% year-over-year. The middle half of 1BR listings asked between $1,899 and $2,600. That puts Far Rockaway $73 above the New York City citywide 1BR median of $2,477. The month's figures are based on 157 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,625 | −$1,375 (-45.8%) | +$275 (+20.4%) | $1,625 – $1,675 | 10 |
| Studio | $3,000 | $0 (0.0%) | +$1,650 (+122.2%) | $2,650 – $3,350 | 4 |
| Studio | $1,675 | −$1,325 (-44.2%) | +$325 (+24.1%) | $1,625 – $2,550 | 7 |
| 1BR | $2,550 | $0 (0.0%) | +$651 (+34.3%) | $1,899 – $2,600 | 23 |
| 1BR | $2,550 | $0 (0.0%) | +$651 (+34.3%) | $1,899 – $2,650 | 9 |
| 2BR | $2,578 | +$28 (+1.1%) | +$279 (+12.1%) | $2,400 – $2,800 | 26 |
| 2BR | $2,575 | +$25 (+1.0%) | +$276 (+12.0%) | $2,500 – $2,750 | 10 |
| 2BR | $2,500 | −$50 (-2.0%) | +$201 (+8.7%) | $2,500 – $2,500 | 1 |
| 3BR | $2,912 | −$138 (-4.5%) | −$276 (-8.7%) | $2,900 – $3,019 | 17 |
| 3BR | $3,000 | −$50 (-1.6%) | −$188 (-5.9%) | $2,900 – $3,200 | 42 |
| 4BR | $3,400 | +$100 (+3.0%) | +$850 (+33.3%) | $3,400 – $6,500 | 5 |
| 4BR | $6,500 | +$3,200 (+97.0%) | +$3,950 (+154.9%) | $6,500 – $6,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Far Rockaway vs. New York City — May 2023
| Bedrooms | Far Rockaway Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,625 | $2,450 | −$825 (-33.7%) |
| Studio | $3,000 | $2,450 | +$550 (+22.4%) |
| Studio | $1,675 | $2,450 | −$775 (-31.6%) |
| 1BR | $2,550 | $2,477 | +$73 (+2.9%) |
| 1BR | $2,550 | $2,477 | +$73 (+2.9%) |
| 2BR | $2,578 | $2,800 | −$222 (-7.9%) |
| 2BR | $2,575 | $2,800 | −$225 (-8.0%) |
| 2BR | $2,500 | $2,800 | −$300 (-10.7%) |
| 3BR | $2,912 | $3,225 | −$313 (-9.7%) |
| 3BR | $3,000 | $3,225 | −$225 (-7.0%) |
| 4BR | $3,400 | $4,000 | −$600 (-15.0%) |
| 4BR | $6,500 | $4,000 | +$2,500 (+62.5%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.