Monthly Rent Report
Far Rockaway Rent Report — August 2023
Asking rents in ZIP 11691, New York City, from 81 listings.
Median 1BR rent in Far Rockaway was $1,850 in August 2023, down 26.5% (−$668) from July 2023 and down 2.6% year-over-year. The middle half of 1BR listings asked between $1,850 and $1,850. That puts Far Rockaway $500 below the New York City citywide 1BR median of $2,350. The month's figures are based on 81 listings across 13 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,625 | $0 (0.0%) | $0 (0.0%) | $1,625 – $2,244 | 6 |
| Studio | $1,625 | $0 (0.0%) | $0 (0.0%) | $1,616 – $1,625 | 14 |
| 1BR | $1,850 | −$668 (-26.5%) | −$49 (-2.6%) | $1,850 – $1,850 | 12 |
| 1BR | $1,850 | −$668 (-26.5%) | −$49 (-2.6%) | $1,850 – $1,850 | 1 |
| 2BR | $2,200 | −$250 (-10.2%) | −$99 (-4.3%) | $2,200 – $2,200 | 1 |
| 2BR | $2,199 | −$251 (-10.2%) | −$100 (-4.3%) | $2,199 – $2,809 | 7 |
| 3BR | $2,800 | $0 (0.0%) | −$664 (-19.2%) | $2,688 – $2,891 | 4 |
| 3BR | $3,550 | +$750 (+26.8%) | +$86 (+2.5%) | $3,525 – $3,575 | 2 |
| 3BR | $3,500 | +$700 (+25.0%) | +$36 (+1.0%) | $3,500 – $3,600 | 24 |
| 4BR | $3,400 | +$200 (+6.3%) | +$200 (+6.3%) | $3,325 – $3,400 | 4 |
| 4BR | $3,000 | −$200 (-6.3%) | −$200 (-6.3%) | $3,000 – $3,350 | 3 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Far Rockaway vs. New York City — August 2023
| Bedrooms | Far Rockaway Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,625 | $2,490 | −$865 (-34.7%) |
| Studio | $1,625 | $2,490 | −$865 (-34.7%) |
| 1BR | $1,850 | $2,350 | −$500 (-21.3%) |
| 1BR | $1,850 | $2,350 | −$500 (-21.3%) |
| 2BR | $2,200 | $2,859 | −$659 (-23.1%) |
| 2BR | $2,199 | $2,859 | −$660 (-23.1%) |
| 3BR | $2,800 | $3,413 | −$612 (-17.9%) |
| 3BR | $3,550 | $3,413 | +$138 (+4.0%) |
| 3BR | $3,500 | $3,413 | +$88 (+2.6%) |
| 4BR | $3,400 | $4,200 | −$800 (-19.0%) |
| 4BR | $3,000 | $4,200 | −$1,200 (-28.6%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in August 2023.