Monthly Rent Report
Prospect Heights Rent Report — February 2023
Asking rents in ZIP 11238, New York City, from 185 listings.
Median 1BR rent in Prospect Heights was $1,500 in February 2023, down 37.5% (−$900) from January 2023 and down 28.8% year-over-year. The middle half of 1BR listings asked between $1,500 and $1,500. That puts Prospect Heights $700 below the New York City citywide 1BR median of $2,200. The month's figures are based on 185 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,500 | −$456 (-15.4%) | +$825 (+49.3%) | $2,198 – $2,975 | 11 |
| Studio | $2,000 | −$956 (-32.3%) | +$325 (+19.4%) | $2,000 – $2,000 | 1 |
| 1BR | $1,500 | −$900 (-37.5%) | −$607 (-28.8%) | $1,500 – $1,500 | 1 |
| 1BR | $3,664 | +$1,264 (+52.7%) | +$1,557 (+73.9%) | $2,875 – $3,827 | 51 |
| 2BR | $3,575 | −$669 (-15.8%) | +$725 (+25.4%) | $3,000 – $4,225 | 54 |
| 2BR | $5,750 | +$1,506 (+35.5%) | +$2,900 (+101.8%) | $5,750 – $5,750 | 1 |
| 3BR | $4,150 | −$650 (-13.5%) | +$1,150 (+38.3%) | $3,800 – $5,400 | 46 |
| 3BR | $5,995 | +$1,195 (+24.9%) | +$2,995 (+99.8%) | $4,995 – $6,995 | 2 |
| 4BR | $4,450 | −$316 (-6.6%) | +$100 (+2.3%) | $4,450 – $17,000 | 9 |
| 4BR | $4,450 | −$316 (-6.6%) | +$100 (+2.3%) | $4,450 – $17,000 | 9 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Prospect Heights vs. New York City — February 2023
| Bedrooms | Prospect Heights Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,500 | $2,260 | +$240 (+10.6%) |
| Studio | $2,000 | $2,260 | −$260 (-11.5%) |
| 1BR | $1,500 | $2,200 | −$699 (-31.8%) |
| 1BR | $3,664 | $2,200 | +$1,465 (+66.6%) |
| 2BR | $3,575 | $2,695 | +$880 (+32.6%) |
| 2BR | $5,750 | $2,695 | +$3,055 (+113.4%) |
| 3BR | $4,150 | $3,200 | +$950 (+29.7%) |
| 3BR | $5,995 | $3,200 | +$2,795 (+87.3%) |
| 4BR | $4,450 | $3,800 | +$650 (+17.1%) |
| 4BR | $4,450 | $3,800 | +$650 (+17.1%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in February 2023.