Monthly Rent Report
Kensington Rent Report — October 2024
Asking rents in ZIP 11218, New York City, from 24 listings.
Median 1BR rent in Kensington was $1,350 in October 2024, down 66.3% (−$2,650) from September 2024 and down 43.8% year-over-year. The middle half of 1BR listings asked between $1,350 and $1,350. That puts Kensington $956 below the New York City citywide 1BR median of $2,306. The month's figures are based on 24 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,595 | +$695 (+36.6%) | +$720 (+38.4%) | $2,595 – $2,595 | 1 |
| 1BR | $1,350 | −$2,650 (-66.3%) | −$1,050 (-43.8%) | $1,350 – $1,350 | 1 |
| 1BR | $1,350 | −$2,650 (-66.3%) | −$1,050 (-43.8%) | $1,350 – $1,350 | 1 |
| 2BR | $2,900 | $0 (0.0%) | +$153 (+5.6%) | $2,900 – $2,900 | 2 |
| 2BR | $3,100 | +$200 (+6.9%) | +$353 (+12.8%) | $2,913 – $3,325 | 12 |
| 3BR | $3,800 | $0 (0.0%) | −$348 (-8.4%) | $3,500 – $4,100 | 2 |
| 3BR | $3,800 | $0 (0.0%) | −$348 (-8.4%) | $3,800 – $3,800 | 3 |
| 4BR | $4,200 | −$275 (-6.1%) | +$505 (+13.7%) | $4,200 – $4,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Kensington vs. New York City — October 2024
| Bedrooms | Kensington Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,595 | $2,550 | +$45 (+1.8%) |
| 1BR | $1,350 | $2,306 | −$956 (-41.5%) |
| 1BR | $1,350 | $2,306 | −$956 (-41.5%) |
| 2BR | $2,900 | $2,914 | −$13 (-0.5%) |
| 2BR | $3,100 | $2,914 | +$187 (+6.4%) |
| 3BR | $3,800 | $3,519 | +$281 (+8.0%) |
| 3BR | $3,800 | $3,519 | +$281 (+8.0%) |
| 4BR | $4,200 | $4,100 | +$100 (+2.4%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in October 2024.