Monthly Rent Report
Gravesend Rent Report — March 2024
Asking rents in ZIP 11223, New York City, from 173 listings.
Median 1BR rent in Gravesend was $2,250 in March 2024, up 12.5% (+$250) from February 2024 and up 16.9% year-over-year. The middle half of 1BR listings asked between $1,900 and $3,005. That puts Gravesend $249 below the New York City citywide 1BR median of $2,499. The month's figures are based on 173 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,900 | −$300 (-9.4%) | +$775 (+36.5%) | $2,512 – $8,500 | 8 |
| Studio | $2,650 | −$550 (-17.2%) | +$525 (+24.7%) | $1,775 – $8,500 | 16 |
| 1BR | $2,250 | +$250 (+12.5%) | +$326 (+16.9%) | $1,900 – $3,005 | 15 |
| 1BR | $2,917 | +$917 (+45.9%) | +$993 (+51.6%) | $1,884 – $3,032 | 6 |
| 2BR | $2,748 | +$398 (+16.9%) | +$1,398 (+103.5%) | $2,500 – $3,562 | 62 |
| 2BR | $2,599 | +$249 (+10.6%) | +$1,249 (+92.5%) | $2,500 – $3,450 | 41 |
| 3BR | $2,800 | −$150 (-5.1%) | +$76 (+2.8%) | $2,500 – $3,625 | 14 |
| 3BR | $3,500 | +$550 (+18.6%) | +$776 (+28.5%) | $2,800 – $4,200 | 8 |
| 4BR | $3,200 | −$500 (-13.5%) | −$1,300 (-28.9%) | $3,200 – $3,200 | 2 |
| 4BR | $3,200 | −$500 (-13.5%) | −$1,300 (-28.9%) | $3,200 – $3,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Gravesend vs. New York City — March 2024
| Bedrooms | Gravesend Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,900 | $2,450 | +$450 (+18.4%) |
| Studio | $2,650 | $2,450 | +$200 (+8.2%) |
| 1BR | $2,250 | $2,499 | −$249 (-10.0%) |
| 1BR | $2,917 | $2,499 | +$418 (+16.7%) |
| 2BR | $2,748 | $2,995 | −$247 (-8.2%) |
| 2BR | $2,599 | $2,995 | −$395 (-13.2%) |
| 3BR | $2,800 | $3,500 | −$700 (-20.0%) |
| 3BR | $3,500 | $3,500 | $0 (0.0%) |
| 4BR | $3,200 | $4,250 | −$1,049 (-24.7%) |
| 4BR | $3,200 | $4,250 | −$1,049 (-24.7%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in March 2024.