Monthly Rent Report
Prospect Heights Rent Report — April 2023
Asking rents in ZIP 11238, New York City, from 482 listings.
Median 1BR rent in Prospect Heights was $3,900 in April 2023, up 8.3% (+$300) from March 2023 and up 39.3% year-over-year. The middle half of 1BR listings asked between $3,900 and $3,900. That puts Prospect Heights $1,528 above the New York City citywide 1BR median of $2,373. The month's figures are based on 482 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,038 | +$321 (+11.8%) | +$1,138 (+59.9%) | $2,979 – $3,687 | 54 |
| Studio | $8,225 | +$5,508 (+202.7%) | +$6,325 (+332.9%) | $6,588 – $9,863 | 2 |
| 1BR | $3,900 | +$300 (+8.3%) | +$1,100 (+39.3%) | $3,900 – $3,900 | 1 |
| 1BR | $3,950 | +$350 (+9.7%) | +$1,150 (+41.1%) | $3,339 – $4,363 | 124 |
| 2BR | $4,814 | +$314 (+7.0%) | +$1,014 (+26.7%) | $4,000 – $5,995 | 117 |
| 2BR | $4,832 | +$332 (+7.4%) | +$1,032 (+27.2%) | $4,000 – $6,003 | 116 |
| 3BR | $4,800 | +$1,805 (+60.3%) | +$500 (+11.6%) | $4,800 – $4,800 | 1 |
| 3BR | $5,100 | +$2,105 (+70.3%) | +$800 (+18.6%) | $4,200 – $6,498 | 47 |
| 4BR | $4,830 | −$2,400 (-33.2%) | −$370 (-7.1%) | $4,300 – $7,748 | 15 |
| 4BR | $4,800 | −$2,430 (-33.6%) | −$400 (-7.7%) | $4,800 – $4,800 | 1 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
Prospect Heights vs. New York City — April 2023
| Bedrooms | Prospect Heights Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,038 | $2,349 | +$689 (+29.3%) |
| Studio | $8,225 | $2,349 | +$5,876 (+250.1%) |
| 1BR | $3,900 | $2,373 | +$1,528 (+64.4%) |
| 1BR | $3,950 | $2,373 | +$1,578 (+66.5%) |
| 2BR | $4,814 | $2,795 | +$2,019 (+72.2%) |
| 2BR | $4,832 | $2,795 | +$2,037 (+72.9%) |
| 3BR | $4,800 | $3,200 | +$1,600 (+50.0%) |
| 3BR | $5,100 | $3,200 | +$1,900 (+59.4%) |
| 4BR | $4,830 | $4,148 | +$683 (+16.5%) |
| 4BR | $4,800 | $4,148 | +$653 (+15.7%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in April 2023.