Monthly Rent Report
Far Rockaway Rent Report — September 2023
Asking rents in ZIP 11691, New York City, from 25 listings.
Median 1BR rent in Far Rockaway was $2,550 in September 2023, up 37.8% (+$700) from August 2023 and up 26.0% year-over-year. The middle half of 1BR listings asked between $2,550 and $2,550. That puts Far Rockaway $50 above the New York City citywide 1BR median of $2,500. The month's figures are based on 25 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,298 | −$327 (-20.2%) | −$327 (-20.2%) | $1,271 – $1,324 | 2 |
| 1BR | $2,550 | +$700 (+37.8%) | +$526 (+26.0%) | $2,550 – $2,550 | 1 |
| 1BR | $2,650 | +$800 (+43.2%) | +$626 (+30.9%) | $2,650 – $2,650 | 1 |
| 2BR | $2,000 | −$199 (-9.0%) | −$432 (-17.8%) | $2,000 – $2,000 | 2 |
| 2BR | $2,500 | +$301 (+13.7%) | +$68 (+2.8%) | $2,500 – $2,500 | 1 |
| 3BR | $3,300 | −$250 (-7.0%) | +$1,200 (+57.1%) | $3,275 – $3,413 | 4 |
| 3BR | $3,094 | −$456 (-12.8%) | +$994 (+47.3%) | $2,912 – $3,189 | 13 |
| 4BR | $3,400 | +$400 (+13.3%) | +$700 (+25.9%) | $3,400 – $3,400 | 1 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Far Rockaway vs. New York City — September 2023
| Bedrooms | Far Rockaway Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,298 | $2,400 | −$1,102 (-45.9%) |
| 1BR | $2,550 | $2,500 | +$50 (+2.0%) |
| 1BR | $2,650 | $2,500 | +$150 (+6.0%) |
| 2BR | $2,000 | $3,000 | −$1,000 (-33.3%) |
| 2BR | $2,500 | $3,000 | −$500 (-16.7%) |
| 3BR | $3,300 | $3,500 | −$200 (-5.7%) |
| 3BR | $3,094 | $3,500 | −$406 (-11.6%) |
| 4BR | $3,400 | $4,325 | −$925 (-21.4%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in September 2023.