Monthly Rent Report
Kensington Rent Report — May 2024
Asking rents in ZIP 11218, New York City, from 141 listings.
Median 1BR rent in Kensington was $3,069 in May 2024, up 18.1% (+$469) from April 2024 and up 15.8% year-over-year. The middle half of 1BR listings asked between $3,044 and $3,094. That puts Kensington $644 above the New York City citywide 1BR median of $2,425. The month's figures are based on 141 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,150 | −$1,350 (-38.6%) | −$3,187 (-59.7%) | $1,995 – $2,550 | 9 |
| Studio | $2,150 | −$1,350 (-38.6%) | −$3,187 (-59.7%) | $1,995 – $2,550 | 9 |
| 1BR | $3,069 | +$469 (+18.1%) | +$419 (+15.8%) | $3,044 – $3,094 | 2 |
| 1BR | $2,600 | $0 (0.0%) | −$50 (-1.9%) | $2,400 – $3,300 | 37 |
| 2BR | $3,000 | +$5 (+0.2%) | +$200 (+7.1%) | $2,800 – $3,350 | 39 |
| 2BR | $4,857 | +$1,862 (+62.2%) | +$2,057 (+73.5%) | $4,857 – $4,857 | 1 |
| 3BR | $3,500 | −$100 (-2.8%) | −$6,500 (-65.0%) | $3,150 – $3,650 | 31 |
| 3BR | $2,150 | −$1,450 (-40.3%) | −$7,850 (-78.5%) | $2,150 – $2,150 | 1 |
| 4BR | $4,000 | +$500 (+14.3%) | $0 (0.0%) | $3,963 – $4,000 | 6 |
| 4BR | $4,000 | +$500 (+14.3%) | $0 (0.0%) | $3,963 – $4,000 | 6 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Kensington vs. New York City — May 2024
| Bedrooms | Kensington Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,150 | $2,350 | −$200 (-8.5%) |
| Studio | $2,150 | $2,350 | −$200 (-8.5%) |
| 1BR | $3,069 | $2,425 | +$644 (+26.6%) |
| 1BR | $2,600 | $2,425 | +$175 (+7.2%) |
| 2BR | $3,000 | $2,914 | +$87 (+3.0%) |
| 2BR | $4,857 | $2,914 | +$1,943 (+66.7%) |
| 3BR | $3,500 | $3,600 | −$100 (-2.8%) |
| 3BR | $2,150 | $3,600 | −$1,450 (-40.3%) |
| 4BR | $4,000 | $4,250 | −$250 (-5.9%) |
| 4BR | $4,000 | $4,250 | −$250 (-5.9%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2024.