Monthly Rent Report
Prospect Heights Rent Report — March 2023
Asking rents in ZIP 11238, New York City, from 411 listings.
Median 1BR rent in Prospect Heights was $3,600 in March 2023, down 1.7% (−$64) from February 2023 and up 13.8% year-over-year. The middle half of 1BR listings asked between $3,189 and $3,913. That puts Prospect Heights $1,301 above the New York City citywide 1BR median of $2,299. The month's figures are based on 411 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,717 | +$217 (+8.7%) | −$5,283 (-66.0%) | $2,600 – $2,739 | 7 |
| Studio | $3,000 | +$500 (+20.0%) | −$5,000 (-62.5%) | $2,600 – $3,350 | 37 |
| 1BR | $3,600 | −$64 (-1.7%) | +$436 (+13.8%) | $3,189 – $3,913 | 139 |
| 1BR | $1,500 | −$2,164 (-59.1%) | −$1,664 (-52.6%) | $1,500 – $1,500 | 1 |
| 2BR | $4,500 | +$926 (+25.9%) | +$1,373 (+43.9%) | $4,500 – $4,500 | 1 |
| 2BR | $4,617 | +$1,043 (+29.2%) | +$1,490 (+47.6%) | $3,525 – $5,925 | 139 |
| 3BR | $2,995 | −$3,000 (-50.0%) | −$680 (-18.5%) | $2,995 – $2,995 | 1 |
| 3BR | $4,225 | −$1,770 (-29.5%) | +$550 (+15.0%) | $3,800 – $5,200 | 71 |
| 4BR | $7,230 | +$2,780 (+62.5%) | +$2,880 (+66.2%) | $4,835 – $10,475 | 11 |
| 4BR | $4,835 | +$385 (+8.7%) | +$485 (+11.1%) | $4,170 – $7,750 | 4 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Prospect Heights vs. New York City — March 2023
| Bedrooms | Prospect Heights Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,717 | $2,200 | +$517 (+23.5%) |
| Studio | $3,000 | $2,200 | +$800 (+36.4%) |
| 1BR | $3,600 | $2,299 | +$1,301 (+56.6%) |
| 1BR | $1,500 | $2,299 | −$799 (-34.8%) |
| 2BR | $4,500 | $2,650 | +$1,850 (+69.8%) |
| 2BR | $4,617 | $2,650 | +$1,967 (+74.2%) |
| 3BR | $2,995 | $3,200 | −$205 (-6.4%) |
| 3BR | $4,225 | $3,200 | +$1,025 (+32.0%) |
| 4BR | $7,230 | $3,995 | +$3,235 (+81.0%) |
| 4BR | $4,835 | $3,995 | +$840 (+21.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in March 2023.