Monthly Rent Report
Kensington Rent Report — June 2023
Asking rents in ZIP 11218, New York City, from 80 listings.
Median 1BR rent in Kensington was $3,332 in June 2023, up 7.0% (+$219) from May 2023 and down 2.0% year-over-year. The middle half of 1BR listings asked between $3,273 and $3,391. That puts Kensington $845 above the New York City citywide 1BR median of $2,488. The month's figures are based on 80 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,700 | −$1,637 (-30.7%) | +$1,135 (+44.2%) | $3,700 – $3,700 | 1 |
| Studio | $2,451 | −$2,886 (-54.1%) | −$114 (-4.4%) | $2,400 – $2,670 | 5 |
| 1BR | $3,332 | +$219 (+7.0%) | −$68 (-2.0%) | $3,273 – $3,391 | 2 |
| 1BR | $2,500 | −$613 (-19.7%) | −$900 (-26.5%) | $2,275 – $2,856 | 32 |
| 2BR | $2,750 | −$50 (-1.8%) | −$500 (-15.4%) | $2,500 – $2,996 | 20 |
| 2BR | $2,599 | −$201 (-7.2%) | −$651 (-20.0%) | $2,599 – $2,599 | 1 |
| 3BR | $3,395 | −$605 (-15.1%) | −$205 (-5.7%) | $3,000 – $4,250 | 13 |
| 3BR | $4,000 | $0 (0.0%) | +$400 (+11.1%) | $3,898 – $4,000 | 3 |
| 4BR | $3,600 | −$400 (-10.0%) | +$500 (+16.1%) | $3,600 – $3,600 | 1 |
| 4BR | $3,550 | −$450 (-11.3%) | +$450 (+14.5%) | $3,524 – $3,575 | 2 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Kensington vs. New York City — June 2023
| Bedrooms | Kensington Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,700 | $2,500 | +$1,200 (+48.0%) |
| Studio | $2,451 | $2,500 | −$49 (-2.0%) |
| 1BR | $3,332 | $2,488 | +$845 (+33.9%) |
| 1BR | $2,500 | $2,488 | +$13 (+0.5%) |
| 2BR | $2,750 | $2,828 | −$79 (-2.8%) |
| 2BR | $2,599 | $2,828 | −$229 (-8.1%) |
| 3BR | $3,395 | $3,300 | +$95 (+2.9%) |
| 3BR | $4,000 | $3,300 | +$700 (+21.2%) |
| 4BR | $3,600 | $4,200 | −$600 (-14.3%) |
| 4BR | $3,550 | $4,200 | −$650 (-15.5%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in June 2023.