Monthly Rent Report
Kensington Rent Report — July 2024
Asking rents in ZIP 11218, New York City, from 94 listings.
Median 1BR rent in Kensington was $2,700 in July 2024, down 5.0% (−$142) from June 2024 and down 16.0% year-over-year. The middle half of 1BR listings asked between $2,321 and $3,175. That puts Kensington $200 above the New York City citywide 1BR median of $2,500. The month's figures are based on 94 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,646 | +$846 (+47.0%) | −$54 (-2.0%) | $2,646 – $2,646 | 1 |
| Studio | $2,893 | +$1,093 (+60.7%) | +$193 (+7.1%) | $2,650 – $3,100 | 5 |
| 1BR | $2,700 | −$142 (-5.0%) | −$514 (-16.0%) | $2,321 – $3,175 | 34 |
| 1BR | $2,200 | −$642 (-22.6%) | −$1,014 (-31.5%) | $2,200 – $2,200 | 1 |
| 2BR | $2,975 | +$75 (+2.6%) | −$1,673 (-36.0%) | $2,700 – $3,950 | 17 |
| 2BR | $3,248 | +$348 (+12.0%) | −$1,400 (-30.1%) | $2,921 – $3,574 | 2 |
| 3BR | $4,200 | +$700 (+20.0%) | +$600 (+16.7%) | $3,450 – $4,250 | 15 |
| 3BR | $3,585 | +$85 (+2.4%) | −$15 (-0.4%) | $3,500 – $3,999 | 10 |
| 4BR | $3,970 | −$2,530 (-38.9%) | −$580 (-12.7%) | $3,960 – $3,980 | 2 |
| 4BR | $6,500 | $0 (0.0%) | +$1,950 (+42.9%) | $5,725 – $7,825 | 7 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Kensington vs. New York City — July 2024
| Bedrooms | Kensington Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,646 | $2,800 | −$154 (-5.5%) |
| Studio | $2,893 | $2,800 | +$93 (+3.3%) |
| 1BR | $2,700 | $2,500 | +$200 (+8.0%) |
| 1BR | $2,200 | $2,500 | −$300 (-12.0%) |
| 2BR | $2,975 | $3,000 | −$25 (-0.8%) |
| 2BR | $3,248 | $3,000 | +$248 (+8.3%) |
| 3BR | $4,200 | $3,606 | +$594 (+16.5%) |
| 3BR | $3,585 | $3,606 | −$21 (-0.6%) |
| 4BR | $3,970 | $4,500 | −$530 (-11.8%) |
| 4BR | $6,500 | $4,500 | +$2,000 (+44.4%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in July 2024.