Monthly Rent Report
Kensington Rent Report — July 2023
Asking rents in ZIP 11218, New York City, from 47 listings.
Median 1BR rent in Kensington was $2,100 in July 2023, down 37.0% (−$1,232) from June 2023 and up 16.7% year-over-year. The middle half of 1BR listings asked between $2,100 and $2,300. That puts Kensington $350 below the New York City citywide 1BR median of $2,450. The month's figures are based on 47 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,016 | −$1,684 (-45.5%) | +$341 (+20.4%) | $1,858 – $2,850 | 7 |
| Studio | $2,700 | −$1,000 (-27.0%) | +$1,025 (+61.2%) | $2,358 – $2,850 | 3 |
| 1BR | $2,100 | −$1,232 (-37.0%) | +$300 (+16.7%) | $2,100 – $2,300 | 5 |
| 1BR | $3,214 | −$118 (-3.5%) | +$1,414 (+78.6%) | $2,249 – $3,536 | 5 |
| 2BR | $4,648 | +$2,049 (+78.8%) | +$1,748 (+60.3%) | $4,648 – $4,648 | 1 |
| 2BR | $2,725 | +$126 (+4.8%) | −$175 (-6.0%) | $2,588 – $2,800 | 12 |
| 3BR | $3,600 | +$205 (+6.0%) | +$100 (+2.9%) | $3,500 – $3,771 | 6 |
| 3BR | $3,398 | +$3 (+0.1%) | −$102 (-2.9%) | $3,175 – $3,834 | 4 |
| 4BR | $4,550 | +$950 (+26.4%) | +$950 (+26.4%) | $4,525 – $4,575 | 2 |
| 4BR | $4,550 | +$950 (+26.4%) | +$950 (+26.4%) | $4,525 – $4,575 | 2 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Kensington vs. New York City — July 2023
| Bedrooms | Kensington Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,016 | $2,498 | −$481 (-19.3%) |
| Studio | $2,700 | $2,498 | +$203 (+8.1%) |
| 1BR | $2,100 | $2,450 | −$350 (-14.3%) |
| 1BR | $3,214 | $2,450 | +$764 (+31.2%) |
| 2BR | $4,648 | $2,800 | +$1,848 (+66.0%) |
| 2BR | $2,725 | $2,800 | −$75 (-2.7%) |
| 3BR | $3,600 | $3,400 | +$200 (+5.9%) |
| 3BR | $3,398 | $3,400 | −$2 (-0.1%) |
| 4BR | $4,550 | $4,200 | +$350 (+8.3%) |
| 4BR | $4,550 | $4,200 | +$350 (+8.3%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in July 2023.