Monthly Rent Report
Kensington Rent Report — December 2023
Asking rents in ZIP 11218, New York City, from 55 listings.
Median 1BR rent in Kensington was $2,300 in December 2023, down 7.8% (−$195) from November 2023 and down 36.0% year-over-year. The middle half of 1BR listings asked between $2,300 and $2,300. That puts Kensington $100 below the New York City citywide 1BR median of $2,400. The month's figures are based on 55 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,950 | +$75 (+4.0%) | +$51 (+2.7%) | $1,950 – $1,950 | 2 |
| Studio | $1,950 | +$75 (+4.0%) | +$51 (+2.7%) | $1,850 – $2,779 | 9 |
| 1BR | $2,300 | −$195 (-7.8%) | −$1,295 (-36.0%) | $2,300 – $2,300 | 1 |
| 1BR | $2,300 | −$195 (-7.8%) | −$1,295 (-36.0%) | $2,300 – $2,300 | 1 |
| 2BR | $2,850 | −$1,509 (-34.6%) | $0 (0.0%) | $2,600 – $3,295 | 36 |
| 2BR | $2,350 | −$2,009 (-46.1%) | −$500 (-17.5%) | $2,350 – $2,350 | 1 |
| 3BR | $3,600 | +$400 (+12.5%) | +$50 (+1.4%) | $3,600 – $3,600 | 1 |
| 3BR | $3,600 | +$400 (+12.5%) | +$50 (+1.4%) | $3,600 – $3,600 | 1 |
| 4BR | $8,250 | $0 (0.0%) | +$4,750 (+135.7%) | $8,250 – $8,250 | 2 |
| 4BR | $8,250 | $0 (0.0%) | +$4,750 (+135.7%) | $8,250 – $8,250 | 1 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Kensington vs. New York City — December 2023
| Bedrooms | Kensington Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,950 | $2,362 | −$412 (-17.4%) |
| Studio | $1,950 | $2,362 | −$412 (-17.4%) |
| 1BR | $2,300 | $2,400 | −$100 (-4.2%) |
| 1BR | $2,300 | $2,400 | −$100 (-4.2%) |
| 2BR | $2,850 | $2,900 | −$50 (-1.7%) |
| 2BR | $2,350 | $2,900 | −$550 (-19.0%) |
| 3BR | $3,600 | $3,500 | +$100 (+2.9%) |
| 3BR | $3,600 | $3,500 | +$100 (+2.9%) |
| 4BR | $8,250 | $4,070 | +$4,180 (+102.7%) |
| 4BR | $8,250 | $4,070 | +$4,180 (+102.7%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in December 2023.