Monthly Rent Report
Kensington Rent Report — August 2023
Asking rents in ZIP 11218, New York City, from 41 listings.
Median 1BR rent in Kensington was $2,400 in August 2023, up 14.3% (+$300) from July 2023 and down 29.9% year-over-year. The middle half of 1BR listings asked between $2,200 and $2,900. That puts Kensington $50 above the New York City citywide 1BR median of $2,350. The month's figures are based on 41 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,350 | +$334 (+16.6%) | +$476 (+25.4%) | $2,350 – $2,350 | 2 |
| Studio | $1,400 | −$616 (-30.6%) | −$474 (-25.3%) | $1,400 – $1,400 | 1 |
| 1BR | $2,400 | +$300 (+14.3%) | −$1,025 (-29.9%) | $2,200 – $2,900 | 9 |
| 1BR | $3,725 | +$1,625 (+77.4%) | +$300 (+8.8%) | $3,725 – $3,725 | 1 |
| 2BR | $3,600 | −$1,048 (-22.5%) | +$1,750 (+94.6%) | $2,900 – $4,050 | 3 |
| 2BR | $2,600 | −$2,048 (-44.1%) | +$750 (+40.5%) | $2,500 – $2,600 | 5 |
| 3BR | $3,500 | +$103 (+3.0%) | $0 (0.0%) | $3,100 – $3,900 | 3 |
| 3BR | $3,500 | +$103 (+3.0%) | $0 (0.0%) | $3,500 – $4,000 | 13 |
| 4BR | $3,850 | −$700 (-15.4%) | $0 (0.0%) | $3,775 – $3,925 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Kensington vs. New York City — August 2023
| Bedrooms | Kensington Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,350 | $2,490 | −$140 (-5.6%) |
| Studio | $1,400 | $2,490 | −$1,090 (-43.8%) |
| 1BR | $2,400 | $2,350 | +$50 (+2.1%) |
| 1BR | $3,725 | $2,350 | +$1,375 (+58.5%) |
| 2BR | $3,600 | $2,859 | +$741 (+25.9%) |
| 2BR | $2,600 | $2,859 | −$259 (-9.1%) |
| 3BR | $3,500 | $3,413 | +$88 (+2.6%) |
| 3BR | $3,500 | $3,413 | +$88 (+2.6%) |
| 4BR | $3,850 | $4,200 | −$350 (-8.3%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in August 2023.