Monthly Rent Report
Prospect Heights Rent Report — August 2022
Asking rents in ZIP 11238, New York City, from 419 listings.
Median 1BR rent in Prospect Heights was $3,798 in August 2022, down 15.6% (−$702) from July 2022 and up 58.3% year-over-year. The middle half of 1BR listings asked between $3,200 and $4,200. That puts Prospect Heights $1,448 above the New York City citywide 1BR median of $2,350. The month's figures are based on 419 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2022 | Vs. August 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,650 | −$1,150 (-41.1%) | +$150 (+10.0%) | $1,650 – $1,650 | 1 |
| Studio | $3,138 | +$338 (+12.1%) | +$1,638 (+109.2%) | $2,740 – $3,645 | 42 |
| 1BR | $3,798 | −$702 (-15.6%) | +$1,399 (+58.3%) | $3,200 – $4,200 | 132 |
| 1BR | $1,950 | −$2,550 (-56.7%) | −$449 (-18.7%) | $1,950 – $1,950 | 1 |
| 2BR | $3,500 | −$499 (-12.5%) | +$1,006 (+40.3%) | $3,500 – $3,500 | 1 |
| 2BR | $4,300 | +$301 (+7.5%) | +$1,806 (+72.4%) | $3,800 – $5,000 | 119 |
| 3BR | $4,295 | −$704 (-14.1%) | +$1,890 (+78.6%) | $4,295 – $4,295 | 1 |
| 3BR | $5,000 | +$1 (+0.0%) | +$2,595 (+107.9%) | $4,450 – $6,000 | 65 |
| 4BR | $4,550 | −$850 (-15.7%) | +$880 (+24.0%) | $4,475 – $6,013 | 28 |
| 4BR | $4,500 | −$900 (-16.7%) | +$830 (+22.6%) | $4,400 – $5,400 | 13 |
Median, P25, and P75 are asking rents from listings posted in August 2022. Changes compare against the nearest prior month with data.
Prospect Heights vs. New York City — August 2022
| Bedrooms | Prospect Heights Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,650 | $2,300 | −$650 (-28.3%) |
| Studio | $3,138 | $2,300 | +$838 (+36.4%) |
| 1BR | $3,798 | $2,350 | +$1,448 (+61.6%) |
| 1BR | $1,950 | $2,350 | −$400 (-17.0%) |
| 2BR | $3,500 | $2,800 | +$700 (+25.0%) |
| 2BR | $4,300 | $2,800 | +$1,500 (+53.6%) |
| 3BR | $4,295 | $3,350 | +$945 (+28.2%) |
| 3BR | $5,000 | $3,350 | +$1,650 (+49.3%) |
| 4BR | $4,550 | $4,224 | +$326 (+7.7%) |
| 4BR | $4,500 | $4,224 | +$276 (+6.5%) |
Citywide figure is the median of zip-level medians across 168 New York City zip codes with listings in August 2022.