Monthly Rent Report
Gravesend Rent Report — May 2023
Asking rents in ZIP 11223, New York City, from 87 listings.
Median 1BR rent in Gravesend was $2,048 in May 2023, up 10.7% (+$198) from April 2023 and up 20.4% year-over-year. The middle half of 1BR listings asked between $1,813 and $2,200. That puts Gravesend $430 below the New York City citywide 1BR median of $2,477. The month's figures are based on 87 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,750 | −$500 (-15.4%) | +$1,100 (+66.7%) | $2,125 – $4,500 | 6 |
| Studio | $2,500 | −$750 (-23.1%) | +$850 (+51.5%) | $1,650 – $5,000 | 13 |
| 1BR | $2,048 | +$198 (+10.7%) | +$348 (+20.4%) | $1,813 – $2,200 | 8 |
| 1BR | $2,200 | +$350 (+18.9%) | +$500 (+29.4%) | $2,098 – $3,100 | 3 |
| 2BR | $2,475 | +$75 (+3.1%) | +$725 (+41.4%) | $2,100 – $2,700 | 37 |
| 2BR | $2,950 | +$550 (+22.9%) | +$1,200 (+68.6%) | $2,950 – $2,950 | 1 |
| 3BR | $2,675 | +$75 (+2.9%) | +$275 (+11.5%) | $2,513 – $2,838 | 2 |
| 3BR | $3,000 | +$400 (+15.4%) | +$600 (+25.0%) | $2,500 – $3,000 | 7 |
| 4BR | $2,800 | −$1,695 (-37.7%) | +$300 (+12.0%) | $2,800 – $2,800 | 4 |
| 4BR | $2,800 | −$1,695 (-37.7%) | +$300 (+12.0%) | $2,800 – $2,800 | 4 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Gravesend vs. New York City — May 2023
| Bedrooms | Gravesend Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,750 | $2,450 | +$300 (+12.2%) |
| Studio | $2,500 | $2,450 | +$50 (+2.0%) |
| 1BR | $2,048 | $2,477 | −$430 (-17.3%) |
| 1BR | $2,200 | $2,477 | −$277 (-11.2%) |
| 2BR | $2,475 | $2,800 | −$325 (-11.6%) |
| 2BR | $2,950 | $2,800 | +$150 (+5.4%) |
| 3BR | $2,675 | $3,225 | −$550 (-17.1%) |
| 3BR | $3,000 | $3,225 | −$225 (-7.0%) |
| 4BR | $2,800 | $4,000 | −$1,200 (-30.0%) |
| 4BR | $2,800 | $4,000 | −$1,200 (-30.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.