Monthly Rent Report
Kensington Rent Report — October 2023
Asking rents in ZIP 11218, New York City, from 78 listings.
Median 1BR rent in Kensington was $2,950 in October 2023, up 15.7% (+$400) from September 2023 and up 19.2% year-over-year. The middle half of 1BR listings asked between $2,295 and $3,195. That puts Kensington $500 above the New York City citywide 1BR median of $2,450. The month's figures are based on 78 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,875 | −$50 (-2.6%) | +$76 (+4.2%) | $1,863 – $1,888 | 2 |
| Studio | $2,252 | +$327 (+17.0%) | +$453 (+25.2%) | $2,252 – $2,252 | 2 |
| 1BR | $2,950 | +$400 (+15.7%) | +$476 (+19.2%) | $2,295 – $3,195 | 39 |
| 1BR | $2,400 | −$150 (-5.9%) | −$74 (-3.0%) | $2,274 – $2,513 | 4 |
| 2BR | $4,577 | +$1,052 (+29.8%) | +$2,577 (+128.8%) | $4,188 – $4,861 | 4 |
| 2BR | $2,748 | −$777 (-22.1%) | +$748 (+37.4%) | $2,520 – $3,238 | 18 |
| 3BR | $3,250 | −$100 (-3.0%) | +$50 (+1.6%) | $3,250 – $3,250 | 1 |
| 3BR | $4,149 | +$799 (+23.8%) | +$949 (+29.6%) | $3,724 – $4,573 | 2 |
| 4BR | $3,695 | $0 (0.0%) | −$4,305 (-53.8%) | $3,695 – $3,695 | 2 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Kensington vs. New York City — October 2023
| Bedrooms | Kensington Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,875 | $2,411 | −$535 (-22.2%) |
| Studio | $2,252 | $2,411 | −$158 (-6.6%) |
| 1BR | $2,950 | $2,450 | +$500 (+20.4%) |
| 1BR | $2,400 | $2,450 | −$50 (-2.0%) |
| 2BR | $4,577 | $2,900 | +$1,677 (+57.8%) |
| 2BR | $2,748 | $2,900 | −$152 (-5.3%) |
| 3BR | $3,250 | $3,349 | −$99 (-2.9%) |
| 3BR | $4,149 | $3,349 | +$800 (+23.9%) |
| 4BR | $3,695 | $4,200 | −$505 (-12.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in October 2023.