Monthly Rent Report
Gravesend Rent Report — April 2024
Asking rents in ZIP 11223, New York City, from 139 listings.
Median 1BR rent in Gravesend was $1,800 in April 2024, down 20.0% (−$450) from March 2024 and down 2.7% year-over-year. The middle half of 1BR listings asked between $1,800 and $1,800. That puts Gravesend $700 below the New York City citywide 1BR median of $2,500. The month's figures are based on 139 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,200 | −$700 (-24.1%) | −$1,050 (-32.3%) | $2,150 – $4,500 | 22 |
| Studio | $4,400 | +$1,500 (+51.7%) | +$1,150 (+35.4%) | $4,400 – $4,400 | 1 |
| 1BR | $1,800 | −$450 (-20.0%) | −$50 (-2.7%) | $1,800 – $1,800 | 2 |
| 1BR | $1,800 | −$450 (-20.0%) | −$50 (-2.7%) | $1,800 – $1,800 | 1 |
| 2BR | $2,700 | +$101 (+3.9%) | +$300 (+12.5%) | $2,500 – $3,599 | 50 |
| 2BR | $2,800 | +$201 (+7.7%) | +$400 (+16.7%) | $2,425 – $3,500 | 34 |
| 3BR | $2,850 | −$650 (-18.6%) | +$250 (+9.6%) | $2,600 – $3,350 | 22 |
| 3BR | $2,800 | −$700 (-20.0%) | +$200 (+7.7%) | $2,625 – $3,250 | 7 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Gravesend vs. New York City — April 2024
| Bedrooms | Gravesend Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,200 | $2,491 | −$291 (-11.7%) |
| Studio | $4,400 | $2,491 | +$1,909 (+76.7%) |
| 1BR | $1,800 | $2,500 | −$700 (-28.0%) |
| 1BR | $1,800 | $2,500 | −$700 (-28.0%) |
| 2BR | $2,700 | $2,995 | −$295 (-9.8%) |
| 2BR | $2,800 | $2,995 | −$195 (-6.5%) |
| 3BR | $2,850 | $3,500 | −$650 (-18.6%) |
| 3BR | $2,800 | $3,500 | −$700 (-20.0%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in April 2024.