Monthly Rent Report
Prospect Heights Rent Report — July 2022
Asking rents in ZIP 11238, New York City, from 142 listings.
Median 1BR rent in Prospect Heights was $4,500 in July 2022, up 45.2% (+$1,400) from June 2022 and up 69.8% year-over-year. The middle half of 1BR listings asked between $4,500 and $4,500. That puts Prospect Heights $2,234 above the New York City citywide 1BR median of $2,266. The month's figures are based on 142 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2022 | Vs. July 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,800 | +$900 (+47.4%) | +$1,300 (+86.7%) | $2,344 – $3,314 | 12 |
| Studio | $1,750 | −$150 (-7.9%) | +$250 (+16.7%) | $1,750 – $1,750 | 1 |
| 1BR | $4,500 | +$1,400 (+45.2%) | +$1,850 (+69.8%) | $4,500 – $4,500 | 1 |
| 1BR | $4,500 | +$1,400 (+45.2%) | +$1,850 (+69.8%) | $4,500 – $4,500 | 1 |
| 2BR | $4,350 | −$1,645 (-27.4%) | +$1,551 (+55.4%) | $3,950 – $5,600 | 44 |
| 2BR | $3,999 | −$1,996 (-33.3%) | +$1,200 (+42.8%) | $3,999 – $3,999 | 1 |
| 3BR | $4,999 | −$2,751 (-35.5%) | +$1,099 (+28.2%) | $4,199 – $6,500 | 45 |
| 3BR | $3,750 | −$4,000 (-51.6%) | −$150 (-3.8%) | $3,750 – $3,750 | 1 |
| 4BR | $5,400 | +$1,550 (+40.3%) | +$900 (+20.0%) | $5,100 – $5,700 | 16 |
| 4BR | $5,400 | +$1,550 (+40.3%) | +$900 (+20.0%) | $5,100 – $5,650 | 14 |
Median, P25, and P75 are asking rents from listings posted in July 2022. Changes compare against the nearest prior month with data.
Prospect Heights vs. New York City — July 2022
| Bedrooms | Prospect Heights Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,800 | $2,245 | +$555 (+24.7%) |
| Studio | $1,750 | $2,245 | −$495 (-22.0%) |
| 1BR | $4,500 | $2,266 | +$2,234 (+98.6%) |
| 1BR | $4,500 | $2,266 | +$2,234 (+98.6%) |
| 2BR | $4,350 | $2,800 | +$1,550 (+55.4%) |
| 2BR | $3,999 | $2,800 | +$1,199 (+42.8%) |
| 3BR | $4,999 | $3,250 | +$1,749 (+53.8%) |
| 3BR | $3,750 | $3,250 | +$500 (+15.4%) |
| 4BR | $5,400 | $4,495 | +$905 (+20.1%) |
| 4BR | $5,400 | $4,495 | +$905 (+20.1%) |
Citywide figure is the median of zip-level medians across 172 New York City zip codes with listings in July 2022.