Monthly Rent Report
Kensington Rent Report — March 2023
Asking rents in ZIP 11218, New York City, from 142 listings.
Median 1BR rent in Kensington was $2,350 in March 2023, down 5.1% (−$125) from February 2023 and up 1.1% year-over-year. The middle half of 1BR listings asked between $2,144 and $2,525. That puts Kensington $51 above the New York City citywide 1BR median of $2,299. The month's figures are based on 142 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,003 | +$505 (+33.7%) | +$65 (+3.4%) | $1,794 – $2,203 | 4 |
| Studio | $1,986 | +$488 (+32.6%) | +$48 (+2.5%) | $1,842 – $2,129 | 2 |
| 1BR | $2,350 | −$125 (-5.1%) | +$25 (+1.1%) | $2,144 – $2,525 | 8 |
| 1BR | $2,650 | +$175 (+7.1%) | +$325 (+14.0%) | $2,450 – $2,800 | 33 |
| 2BR | $2,800 | +$350 (+14.3%) | +$505 (+22.0%) | $2,500 – $3,200 | 44 |
| 2BR | $2,850 | +$400 (+16.3%) | +$555 (+24.2%) | $2,649 – $3,200 | 20 |
| 3BR | $3,425 | +$425 (+14.1%) | +$226 (+7.0%) | $2,937 – $3,700 | 24 |
| 3BR | $5,327 | +$2,327 (+77.6%) | +$2,128 (+66.5%) | $5,327 – $5,327 | 1 |
| 4BR | $5,750 | −$2,250 (-28.1%) | +$2,605 (+82.8%) | $4,625 – $6,875 | 2 |
| 4BR | $8,000 | $0 (0.0%) | +$4,855 (+154.4%) | $6,875 – $8,250 | 4 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Kensington vs. New York City — March 2023
| Bedrooms | Kensington Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,003 | $2,200 | −$197 (-9.0%) |
| Studio | $1,986 | $2,200 | −$214 (-9.8%) |
| 1BR | $2,350 | $2,299 | +$51 (+2.2%) |
| 1BR | $2,650 | $2,299 | +$351 (+15.3%) |
| 2BR | $2,800 | $2,650 | +$150 (+5.7%) |
| 2BR | $2,850 | $2,650 | +$200 (+7.5%) |
| 3BR | $3,425 | $3,200 | +$225 (+7.0%) |
| 3BR | $5,327 | $3,200 | +$2,127 (+66.5%) |
| 4BR | $5,750 | $3,995 | +$1,755 (+43.9%) |
| 4BR | $8,000 | $3,995 | +$4,005 (+100.3%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in March 2023.