Monthly Rent Report
Prospect Heights Rent Report — May 2023
Asking rents in ZIP 11238, New York City, from 430 listings.
Median 1BR rent in Prospect Heights was $3,692 in May 2023, down 5.3% (−$208) from April 2023 and down 7.8% year-over-year. The middle half of 1BR listings asked between $3,220 and $4,450. That puts Prospect Heights $1,214 above the New York City citywide 1BR median of $2,477. The month's figures are based on 430 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,402 | −$4,823 (-58.6%) | +$1,227 (+56.4%) | $2,996 – $3,820 | 24 |
| Studio | $3,145 | −$5,080 (-61.8%) | +$970 (+44.6%) | $2,838 – $3,589 | 60 |
| 1BR | $3,692 | −$208 (-5.3%) | −$314 (-7.8%) | $3,220 – $4,450 | 150 |
| 1BR | $4,563 | +$663 (+17.0%) | +$558 (+13.9%) | $3,950 – $5,016 | 13 |
| 2BR | $4,500 | −$314 (-6.5%) | +$1,100 (+32.4%) | $4,000 – $6,023 | 91 |
| 2BR | $7,000 | +$2,186 (+45.4%) | +$3,600 (+105.9%) | $7,000 – $7,000 | 1 |
| 3BR | $5,000 | −$100 (-2.0%) | +$1,050 (+26.6%) | $4,750 – $7,300 | 15 |
| 3BR | $4,848 | −$252 (-5.0%) | +$898 (+22.7%) | $4,293 – $7,000 | 42 |
| 4BR | $4,830 | +$30 (+0.6%) | +$330 (+7.3%) | $4,189 – $11,500 | 19 |
| 4BR | $4,496 | −$304 (-6.3%) | −$4 (-0.1%) | $4,198 – $5,748 | 3 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Prospect Heights vs. New York City — May 2023
| Bedrooms | Prospect Heights Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,402 | $2,450 | +$952 (+38.8%) |
| Studio | $3,145 | $2,450 | +$695 (+28.4%) |
| 1BR | $3,692 | $2,477 | +$1,214 (+49.0%) |
| 1BR | $4,563 | $2,477 | +$2,086 (+84.2%) |
| 2BR | $4,500 | $2,800 | +$1,700 (+60.7%) |
| 2BR | $7,000 | $2,800 | +$4,200 (+150.0%) |
| 3BR | $5,000 | $3,225 | +$1,775 (+55.0%) |
| 3BR | $4,848 | $3,225 | +$1,623 (+50.3%) |
| 4BR | $4,830 | $4,000 | +$830 (+20.8%) |
| 4BR | $4,496 | $4,000 | +$496 (+12.4%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.