Monthly Rent Report
Prospect Heights Rent Report — May 2022
Asking rents in ZIP 11238, New York City, from 89 listings.
Median 1BR rent in Prospect Heights was $4,006 in May 2022, up 43.1% (+$1,206) from April 2022 and up 76.1% year-over-year. The middle half of 1BR listings asked between $3,156 and $5,045. That puts Prospect Heights $1,943 above the New York City citywide 1BR median of $2,063. The month's figures are based on 89 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2022 | Vs. May 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,175 | +$275 (+14.5%) | +$38 (+1.8%) | $2,175 – $2,175 | 1 |
| 1BR | $4,006 | +$1,206 (+43.1%) | +$1,731 (+76.1%) | $3,156 – $5,045 | 72 |
| 2BR | $3,400 | −$400 (-10.5%) | +$904 (+36.2%) | $3,400 – $3,400 | 2 |
| 3BR | $3,950 | +$550 (+16.2%) | +$950 (+31.7%) | $3,950 – $3,950 | 1 |
| 4BR | $4,500 | −$700 (-13.5%) | +$834 (+22.7%) | $4,250 – $5,475 | 11 |
Median, P25, and P75 are asking rents from listings posted in May 2022. Changes compare against the nearest prior month with data.
Prospect Heights vs. New York City — May 2022
| Bedrooms | Prospect Heights Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,175 | $1,875 | +$300 (+16.0%) |
| 1BR | $4,006 | $2,063 | +$1,943 (+94.2%) |
| 2BR | $3,400 | $2,499 | +$901 (+36.1%) |
| 3BR | $3,950 | $2,950 | +$1,000 (+33.9%) |
| 4BR | $4,500 | $3,600 | +$900 (+25.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2022.