Monthly Rent Report
Kensington Rent Report — March 2024
Asking rents in ZIP 11218, New York City, from 159 listings.
Median 1BR rent in Kensington was $2,308 in March 2024, down 14.5% (−$390) from February 2024 and down 12.9% year-over-year. The middle half of 1BR listings asked between $2,161 and $2,913. That puts Kensington $192 below the New York City citywide 1BR median of $2,499. The month's figures are based on 159 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,150 | +$100 (+4.9%) | +$148 (+7.4%) | $1,975 – $2,465 | 3 |
| Studio | $1,950 | −$100 (-4.9%) | −$52 (-2.6%) | $1,750 – $2,150 | 4 |
| 1BR | $2,308 | −$390 (-14.5%) | −$342 (-12.9%) | $2,161 – $2,913 | 34 |
| 1BR | $2,150 | −$547 (-20.3%) | −$500 (-18.9%) | $1,995 – $2,869 | 22 |
| 2BR | $3,100 | $0 (0.0%) | +$300 (+10.7%) | $2,774 – $3,450 | 29 |
| 2BR | $3,100 | $0 (0.0%) | +$300 (+10.7%) | $2,756 – $3,250 | 42 |
| 3BR | $3,499 | −$201 (-5.4%) | −$1,828 (-34.3%) | $3,493 – $4,600 | 15 |
| 3BR | $2,000 | −$1,700 (-45.9%) | −$3,327 (-62.5%) | $2,000 – $2,000 | 2 |
| 4BR | $3,850 | $0 (0.0%) | −$4,150 (-51.9%) | $3,850 – $4,200 | 5 |
| 4BR | $4,100 | +$250 (+6.5%) | −$3,900 (-48.8%) | $3,975 – $4,150 | 3 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Kensington vs. New York City — March 2024
| Bedrooms | Kensington Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,150 | $2,450 | −$300 (-12.2%) |
| Studio | $1,950 | $2,450 | −$500 (-20.4%) |
| 1BR | $2,308 | $2,499 | −$191 (-7.7%) |
| 1BR | $2,150 | $2,499 | −$349 (-14.0%) |
| 2BR | $3,100 | $2,995 | +$106 (+3.5%) |
| 2BR | $3,100 | $2,995 | +$106 (+3.5%) |
| 3BR | $3,499 | $3,500 | −$1 (-0.0%) |
| 3BR | $2,000 | $3,500 | −$1,500 (-42.9%) |
| 4BR | $3,850 | $4,250 | −$399 (-9.4%) |
| 4BR | $4,100 | $4,250 | −$149 (-3.5%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in March 2024.