Monthly Rent Report
Jamaica Rent Report — March 2024
Asking rents in ZIP 11432, New York City, from 323 listings.
Median 1BR rent in Jamaica was $2,200 in March 2024, up 13.4% (+$260) from February 2024 and up 23.7% year-over-year. The middle half of 1BR listings asked between $2,000 and $2,554. That puts Jamaica $299 below the New York City citywide 1BR median of $2,499. The month's figures are based on 323 listings across 16 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,799 | +$49 (+2.8%) | +$149 (+9.0%) | $1,600 – $2,110 | 35 |
| Studio | $1,775 | +$25 (+1.4%) | +$125 (+7.6%) | $1,624 – $1,950 | 46 |
| Studio | $1,595 | −$155 (-8.9%) | −$55 (-3.3%) | $1,595 – $1,595 | 1 |
| 1BR | $2,200 | +$260 (+13.4%) | +$422 (+23.7%) | $2,000 – $2,554 | 67 |
| 1BR | $2,200 | +$260 (+13.4%) | +$422 (+23.7%) | $2,000 – $2,558 | 54 |
| 1BR | $2,100 | +$160 (+8.2%) | +$322 (+18.1%) | $2,050 – $2,150 | 2 |
| 2BR | $2,995 | −$522 (-14.9%) | +$845 (+39.3%) | $2,666 – $3,213 | 24 |
| 2BR | $2,995 | −$522 (-14.8%) | +$845 (+39.3%) | $2,550 – $3,268 | 47 |
| 3BR | $4,500 | +$1,700 (+60.7%) | +$1,800 (+66.7%) | $3,818 – $4,500 | 11 |
| 3BR | $2,700 | −$100 (-3.6%) | $0 (0.0%) | $2,700 – $2,700 | 1 |
| 3BR | $3,868 | +$1,068 (+38.1%) | +$1,168 (+43.3%) | $3,075 – $3,934 | 11 |
| 4BR | $4,500 | −$500 (-10.0%) | +$100 (+2.3%) | $4,500 – $4,750 | 3 |
| 4BR | $4,750 | −$250 (-5.0%) | +$350 (+8.0%) | $4,500 – $5,000 | 4 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Jamaica vs. New York City — March 2024
| Bedrooms | Jamaica Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,799 | $2,450 | −$651 (-26.6%) |
| Studio | $1,775 | $2,450 | −$675 (-27.6%) |
| Studio | $1,595 | $2,450 | −$855 (-34.9%) |
| 1BR | $2,200 | $2,499 | −$299 (-12.0%) |
| 1BR | $2,200 | $2,499 | −$299 (-12.0%) |
| 1BR | $2,100 | $2,499 | −$399 (-16.0%) |
| 2BR | $2,995 | $2,995 | $0 (0.0%) |
| 2BR | $2,995 | $2,995 | +$1 (+0.0%) |
| 3BR | $4,500 | $3,500 | +$1,000 (+28.6%) |
| 3BR | $2,700 | $3,500 | −$800 (-22.9%) |
| 3BR | $3,868 | $3,500 | +$368 (+10.5%) |
| 4BR | $4,500 | $4,250 | +$251 (+5.9%) |
| 4BR | $4,750 | $4,250 | +$501 (+11.8%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in March 2024.