Monthly Rent Report
Far Rockaway Rent Report — March 2024
Asking rents in ZIP 11691, New York City, from 248 listings.
Median 1BR rent in Far Rockaway was $1,750 in March 2024, down 6.7% (−$125) from February 2024 and down 26.3% year-over-year. The middle half of 1BR listings asked between $1,575 and $1,825. That puts Far Rockaway $749 below the New York City citywide 1BR median of $2,499. The month's figures are based on 248 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,710 | −$672 (-28.2%) | +$60 (+3.6%) | $1,625 – $2,393 | 16 |
| Studio | $1,850 | −$532 (-22.3%) | +$200 (+12.1%) | $1,710 – $2,130 | 11 |
| 1BR | $1,750 | −$125 (-6.7%) | −$623 (-26.3%) | $1,575 – $1,825 | 11 |
| 1BR | $1,800 | −$75 (-4.0%) | −$573 (-24.2%) | $1,750 – $2,650 | 17 |
| 2BR | $2,850 | $0 (0.0%) | +$355 (+14.2%) | $2,600 – $2,950 | 17 |
| 2BR | $2,850 | $0 (0.0%) | +$355 (+14.2%) | $2,700 – $2,850 | 13 |
| 3BR | $3,300 | +$100 (+3.1%) | +$300 (+10.0%) | $3,005 – $3,464 | 72 |
| 3BR | $3,400 | +$200 (+6.3%) | +$400 (+13.3%) | $3,200 – $3,500 | 77 |
| 4BR | $3,464 | −$606 (-14.9%) | +$264 (+8.3%) | $3,464 – $3,464 | 4 |
| 4BR | $3,464 | −$606 (-14.9%) | +$264 (+8.3%) | $3,464 – $3,464 | 4 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Far Rockaway vs. New York City — March 2024
| Bedrooms | Far Rockaway Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,710 | $2,450 | −$740 (-30.2%) |
| Studio | $1,850 | $2,450 | −$600 (-24.5%) |
| 1BR | $1,750 | $2,499 | −$749 (-30.0%) |
| 1BR | $1,800 | $2,499 | −$699 (-28.0%) |
| 2BR | $2,850 | $2,995 | −$144 (-4.8%) |
| 2BR | $2,850 | $2,995 | −$144 (-4.8%) |
| 3BR | $3,300 | $3,500 | −$200 (-5.7%) |
| 3BR | $3,400 | $3,500 | −$100 (-2.9%) |
| 4BR | $3,464 | $4,250 | −$785 (-18.5%) |
| 4BR | $3,464 | $4,250 | −$785 (-18.5%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in March 2024.