Monthly Rent Report
Kensington Rent Report — September 2023
Asking rents in ZIP 11218, New York City, from 26 listings.
Median 1BR rent in Kensington was $2,550 in September 2023, up 6.3% (+$150) from August 2023 and down 15.0% year-over-year. The middle half of 1BR listings asked between $2,213 and $3,030. That puts Kensington $50 above the New York City citywide 1BR median of $2,500. The month's figures are based on 26 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,925 | +$525 (+37.5%) | +$50 (+2.7%) | $1,863 – $1,950 | 6 |
| 1BR | $2,550 | +$150 (+6.3%) | −$450 (-15.0%) | $2,213 – $3,030 | 12 |
| 2BR | $3,525 | −$75 (-2.1%) | +$575 (+19.5%) | $3,088 – $3,963 | 2 |
| 2BR | $2,200 | −$1,400 (-38.9%) | −$750 (-25.4%) | $2,200 – $2,200 | 1 |
| 3BR | $3,350 | −$150 (-4.3%) | −$37 (-1.1%) | $3,350 – $3,350 | 1 |
| 3BR | $3,200 | −$300 (-8.6%) | −$187 (-5.5%) | $3,050 – $3,350 | 2 |
| 4BR | $3,695 | −$155 (-4.0%) | −$305 (-7.6%) | $3,695 – $3,695 | 1 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Kensington vs. New York City — September 2023
| Bedrooms | Kensington Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,925 | $2,400 | −$475 (-19.8%) |
| 1BR | $2,550 | $2,500 | +$50 (+2.0%) |
| 2BR | $3,525 | $3,000 | +$525 (+17.5%) |
| 2BR | $2,200 | $3,000 | −$800 (-26.7%) |
| 3BR | $3,350 | $3,500 | −$150 (-4.3%) |
| 3BR | $3,200 | $3,500 | −$300 (-8.6%) |
| 4BR | $3,695 | $4,325 | −$630 (-14.6%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in September 2023.