Monthly Rent Report
Kensington Rent Report — August 2024
Asking rents in ZIP 11218, New York City, from 8 listings.
Median 1BR rent in Kensington was $3,350 in August 2024, up 24.1% (+$650) from July 2024 and up 39.6% year-over-year. The middle half of 1BR listings asked between $3,350 and $3,350. That puts Kensington $960 above the New York City citywide 1BR median of $2,390. The month's figures are based on 8 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,452 | −$441 (-15.2%) | +$1,052 (+75.1%) | $2,452 – $2,452 | 1 |
| 1BR | $3,350 | +$650 (+24.1%) | +$950 (+39.6%) | $3,350 – $3,350 | 1 |
| 2BR | $4,404 | +$1,157 (+35.6%) | +$1,804 (+69.4%) | $4,404 – $4,404 | 1 |
| 3BR | $2,825 | −$1,375 (-32.7%) | −$675 (-19.3%) | $2,800 – $2,986 | 4 |
| 4BR | $4,950 | +$980 (+24.7%) | +$1,100 (+28.6%) | $4,950 – $4,950 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Kensington vs. New York City — August 2024
| Bedrooms | Kensington Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,452 | $2,500 | −$48 (-1.9%) |
| 1BR | $3,350 | $2,390 | +$960 (+40.2%) |
| 2BR | $4,404 | $2,900 | +$1,504 (+51.9%) |
| 3BR | $2,825 | $3,603 | −$778 (-21.6%) |
| 4BR | $4,950 | $4,225 | +$725 (+17.2%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in August 2024.