Monthly Rent Report
Far Rockaway Rent Report — July 2023
Asking rents in ZIP 11691, New York City, from 55 listings.
Median 1BR rent in Far Rockaway was $2,519 in July 2023, up 15.8% (+$344) from June 2023 and up 76.7% year-over-year. The middle half of 1BR listings asked between $2,453 and $2,584. That puts Far Rockaway $69 above the New York City citywide 1BR median of $2,450. The month's figures are based on 55 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,625 | $0 (0.0%) | $0 (0.0%) | $1,556 – $1,831 | 4 |
| Studio | $1,625 | $0 (0.0%) | $0 (0.0%) | $1,556 – $1,831 | 4 |
| 1BR | $2,519 | +$344 (+15.8%) | +$1,094 (+76.7%) | $2,453 – $2,584 | 2 |
| 1BR | $2,387 | +$212 (+9.7%) | +$962 (+67.5%) | $1,899 – $2,650 | 17 |
| 2BR | $2,450 | −$50 (-2.0%) | −$50 (-2.0%) | $2,395 – $2,500 | 5 |
| 2BR | $1,850 | −$650 (-26.0%) | −$650 (-26.0%) | $1,850 – $2,350 | 3 |
| 3BR | $3,200 | +$116 (+3.8%) | +$600 (+23.1%) | $3,094 – $3,385 | 5 |
| 3BR | $2,800 | −$284 (-9.2%) | +$200 (+7.7%) | $2,800 – $2,800 | 1 |
| 3BR | $2,550 | −$534 (-17.3%) | −$50 (-1.9%) | $2,550 – $2,826 | 5 |
| 4BR | $3,200 | −$250 (-7.2%) | +$305 (+10.5%) | $3,125 – $3,200 | 6 |
| 4BR | $3,200 | −$250 (-7.2%) | +$305 (+10.5%) | $3,150 – $3,300 | 3 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Far Rockaway vs. New York City — July 2023
| Bedrooms | Far Rockaway Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,625 | $2,498 | −$872 (-34.9%) |
| Studio | $1,625 | $2,498 | −$872 (-34.9%) |
| 1BR | $2,519 | $2,450 | +$69 (+2.8%) |
| 1BR | $2,387 | $2,450 | −$63 (-2.6%) |
| 2BR | $2,450 | $2,800 | −$350 (-12.5%) |
| 2BR | $1,850 | $2,800 | −$950 (-33.9%) |
| 3BR | $3,200 | $3,400 | −$200 (-5.9%) |
| 3BR | $2,800 | $3,400 | −$600 (-17.6%) |
| 3BR | $2,550 | $3,400 | −$850 (-25.0%) |
| 4BR | $3,200 | $4,200 | −$1,000 (-23.8%) |
| 4BR | $3,200 | $4,200 | −$1,000 (-23.8%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in July 2023.