Monthly Rent Report
Gravesend Rent Report — May 2024
Asking rents in ZIP 11223, New York City, from 90 listings.
Median 1BR rent in Gravesend was $2,000 in May 2024, up 11.1% (+$200) from April 2024 and down 2.3% year-over-year. The middle half of 1BR listings asked between $2,000 and $2,000. That puts Gravesend $425 below the New York City citywide 1BR median of $2,425. The month's figures are based on 90 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,500 | +$2,300 (+104.5%) | +$2,000 (+80.0%) | $4,500 – $4,500 | 3 |
| Studio | $3,900 | +$1,700 (+77.3%) | +$1,400 (+56.0%) | $2,700 – $5,000 | 13 |
| 1BR | $2,000 | +$200 (+11.1%) | −$47 (-2.3%) | $2,000 – $2,000 | 1 |
| 1BR | $2,000 | +$200 (+11.1%) | −$47 (-2.3%) | $2,000 – $2,000 | 1 |
| 2BR | $1,900 | −$900 (-32.1%) | −$1,050 (-35.6%) | $1,900 – $1,900 | 1 |
| 2BR | $3,200 | +$400 (+14.3%) | +$250 (+8.5%) | $2,550 – $4,450 | 43 |
| 3BR | $2,950 | +$150 (+5.4%) | +$275 (+10.3%) | $2,788 – $4,000 | 24 |
| 3BR | $4,000 | +$1,200 (+42.9%) | +$1,325 (+49.5%) | $4,000 – $4,000 | 2 |
| 4BR | $2,850 | — | +$50 (+1.8%) | $2,850 – $2,850 | 1 |
| 4BR | $2,850 | — | +$50 (+1.8%) | $2,850 – $2,850 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Gravesend vs. New York City — May 2024
| Bedrooms | Gravesend Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,500 | $2,350 | +$2,150 (+91.5%) |
| Studio | $3,900 | $2,350 | +$1,550 (+66.0%) |
| 1BR | $2,000 | $2,425 | −$425 (-17.5%) |
| 1BR | $2,000 | $2,425 | −$425 (-17.5%) |
| 2BR | $1,900 | $2,914 | −$1,013 (-34.8%) |
| 2BR | $3,200 | $2,914 | +$287 (+9.8%) |
| 3BR | $2,950 | $3,600 | −$650 (-18.1%) |
| 3BR | $4,000 | $3,600 | +$400 (+11.1%) |
| 4BR | $2,850 | $4,250 | −$1,400 (-32.9%) |
| 4BR | $2,850 | $4,250 | −$1,400 (-32.9%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2024.