Monthly Rent Report
Kensington Rent Report — May 2023
Asking rents in ZIP 11218, New York City, from 110 listings.
Median 1BR rent in Kensington was $3,113 in May 2023, up 17.5% (+$463) from April 2023 and up 24.5% year-over-year. The middle half of 1BR listings asked between $3,113 and $3,113. That puts Kensington $636 above the New York City citywide 1BR median of $2,477. The month's figures are based on 110 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $5,338 | −$137 (-2.5%) | +$2,188 (+69.4%) | $1,869 – $8,800 | 4 |
| Studio | $5,338 | −$137 (-2.5%) | +$2,188 (+69.4%) | $3,606 – $7,069 | 2 |
| 1BR | $3,113 | +$463 (+17.5%) | +$613 (+24.5%) | $3,113 – $3,113 | 1 |
| 1BR | $2,650 | $0 (0.0%) | +$150 (+6.0%) | $2,300 – $2,850 | 29 |
| 2BR | $3,298 | −$2 (-0.1%) | +$1,034 (+45.7%) | $2,962 – $3,425 | 12 |
| 2BR | $2,800 | −$500 (-15.2%) | +$537 (+23.7%) | $2,500 – $3,295 | 45 |
| 3BR | $10,000 | +$6,650 (+198.5%) | +$6,229 (+165.2%) | $10,000 – $10,000 | 1 |
| 3BR | $4,000 | +$650 (+19.4%) | +$229 (+6.1%) | $3,259 – $5,875 | 12 |
| 4BR | $4,000 | +$200 (+5.3%) | +$540 (+15.6%) | $4,000 – $4,000 | 2 |
| 4BR | $4,000 | +$200 (+5.3%) | +$540 (+15.6%) | $4,000 – $4,000 | 2 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Kensington vs. New York City — May 2023
| Bedrooms | Kensington Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $5,338 | $2,450 | +$2,888 (+117.9%) |
| Studio | $5,338 | $2,450 | +$2,888 (+117.9%) |
| 1BR | $3,113 | $2,477 | +$636 (+25.7%) |
| 1BR | $2,650 | $2,477 | +$173 (+7.0%) |
| 2BR | $3,298 | $2,800 | +$498 (+17.8%) |
| 2BR | $2,800 | $2,800 | $0 (0.0%) |
| 3BR | $10,000 | $3,225 | +$6,775 (+210.1%) |
| 3BR | $4,000 | $3,225 | +$775 (+24.0%) |
| 4BR | $4,000 | $4,000 | $0 (0.0%) |
| 4BR | $4,000 | $4,000 | $0 (0.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.