Monthly Rent Report
Forest Hills Rent Report — May 2024
Asking rents in ZIP 11375, New York City, from 230 listings.
Median 1BR rent in Forest Hills was $2,275 in May 2024, down 33.1% (−$1,125) from April 2024 and up 5.8% year-over-year. The middle half of 1BR listings asked between $2,043 and $2,500. That puts Forest Hills $150 below the New York City citywide 1BR median of $2,425. The month's figures are based on 230 listings across 23 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,000 | −$150 (-7.0%) | −$1,060 (-34.6%) | $1,950 – $2,000 | 3 |
| Studio | $2,400 | +$250 (+11.6%) | −$660 (-21.6%) | $1,850 – $2,743 | 11 |
| Studio | $2,668 | +$518 (+24.1%) | −$392 (-12.8%) | $2,585 – $2,771 | 10 |
| Studio | $1,898 | −$252 (-11.7%) | −$1,162 (-38.0%) | $1,700 – $1,996 | 20 |
| 1BR | $2,275 | −$1,125 (-33.1%) | +$125 (+5.8%) | $2,043 – $2,500 | 24 |
| 1BR | $2,450 | −$950 (-27.9%) | +$300 (+14.0%) | $2,250 – $2,995 | 53 |
| 1BR | $3,700 | +$300 (+8.8%) | +$1,550 (+72.1%) | $3,655 – $3,850 | 7 |
| 1BR | $2,475 | −$925 (-27.2%) | +$325 (+15.1%) | $2,475 – $2,475 | 1 |
| 2BR | $3,225 | +$25 (+0.8%) | +$425 (+15.2%) | $2,763 – $4,345 | 18 |
| 2BR | $3,200 | $0 (0.0%) | +$400 (+14.3%) | $3,125 – $3,398 | 7 |
| 2BR | $4,395 | +$1,195 (+37.3%) | +$1,595 (+57.0%) | $4,275 – $4,520 | 5 |
| 2BR | $3,250 | +$50 (+1.6%) | +$450 (+16.1%) | $2,699 – $3,595 | 33 |
| 3BR | $4,600 | +$1,175 (+34.3%) | −$80 (-1.7%) | $3,500 – $5,000 | 17 |
| 3BR | $5,140 | +$1,715 (+50.1%) | +$460 (+9.8%) | $5,015 – $5,188 | 3 |
| 3BR | $4,500 | +$1,075 (+31.4%) | −$180 (-3.8%) | $4,500 – $4,500 | 3 |
| 3BR | $4,300 | +$875 (+25.5%) | −$380 (-8.1%) | $4,000 – $4,600 | 5 |
| 4BR | $5,900 | −$2,750 (-31.8%) | −$300 (-4.8%) | $5,900 – $5,900 | 1 |
| 4BR | $5,600 | −$3,050 (-35.3%) | −$600 (-9.7%) | $5,600 – $5,600 | 1 |
| 4BR | $5,750 | −$2,900 (-33.5%) | −$450 (-7.3%) | $5,675 – $5,825 | 2 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Forest Hills vs. New York City — May 2024
| Bedrooms | Forest Hills Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,000 | $2,350 | −$350 (-14.9%) |
| Studio | $2,400 | $2,350 | +$50 (+2.1%) |
| Studio | $2,668 | $2,350 | +$318 (+13.5%) |
| Studio | $1,898 | $2,350 | −$452 (-19.3%) |
| 1BR | $2,275 | $2,425 | −$150 (-6.2%) |
| 1BR | $2,450 | $2,425 | +$25 (+1.0%) |
| 1BR | $3,700 | $2,425 | +$1,275 (+52.6%) |
| 1BR | $2,475 | $2,425 | +$50 (+2.1%) |
| 2BR | $3,225 | $2,914 | +$312 (+10.7%) |
| 2BR | $3,200 | $2,914 | +$287 (+9.8%) |
| 2BR | $4,395 | $2,914 | +$1,482 (+50.8%) |
| 2BR | $3,250 | $2,914 | +$337 (+11.5%) |
| 3BR | $4,600 | $3,600 | +$1,000 (+27.8%) |
| 3BR | $5,140 | $3,600 | +$1,540 (+42.8%) |
| 3BR | $4,500 | $3,600 | +$900 (+25.0%) |
| 3BR | $4,300 | $3,600 | +$700 (+19.4%) |
| 4BR | $5,900 | $4,250 | +$1,650 (+38.8%) |
| 4BR | $5,600 | $4,250 | +$1,350 (+31.8%) |
| 4BR | $5,750 | $4,250 | +$1,500 (+35.3%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2024.