Monthly Rent Report
Prospect Heights Rent Report — June 2023
Asking rents in ZIP 11238, New York City, from 255 listings.
Median 1BR rent in Prospect Heights was $4,040 in June 2023, up 9.4% (+$348) from May 2023 and up 30.3% year-over-year. The middle half of 1BR listings asked between $3,557 and $4,604. That puts Prospect Heights $1,552 above the New York City citywide 1BR median of $2,488. The month's figures are based on 255 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,450 | −$951 (-28.0%) | −$550 (-18.3%) | $2,450 – $2,450 | 1 |
| Studio | $3,611 | +$209 (+6.1%) | +$611 (+20.3%) | $3,100 – $3,977 | 32 |
| 1BR | $4,040 | +$348 (+9.4%) | +$940 (+30.3%) | $3,557 – $4,604 | 76 |
| 1BR | $3,200 | −$491 (-13.3%) | +$100 (+3.2%) | $3,200 – $3,200 | 1 |
| 2BR | $4,695 | +$195 (+4.3%) | +$1,295 (+38.1%) | $3,995 – $6,225 | 85 |
| 2BR | $2,595 | −$1,905 (-42.3%) | −$805 (-23.7%) | $2,595 – $2,595 | 1 |
| 3BR | $6,416 | +$1,416 (+28.3%) | −$1,334 (-17.2%) | $4,796 – $7,625 | 27 |
| 3BR | $6,416 | +$1,416 (+28.3%) | −$1,334 (-17.2%) | $4,200 – $8,000 | 9 |
| 4BR | $4,800 | +$304 (+6.8%) | +$950 (+24.7%) | $4,300 – $10,000 | 15 |
| 4BR | $12,000 | +$7,504 (+166.9%) | +$8,150 (+211.7%) | $12,000 – $12,000 | 2 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Prospect Heights vs. New York City — June 2023
| Bedrooms | Prospect Heights Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,450 | $2,500 | −$50 (-2.0%) |
| Studio | $3,611 | $2,500 | +$1,111 (+44.4%) |
| 1BR | $4,040 | $2,488 | +$1,552 (+62.4%) |
| 1BR | $3,200 | $2,488 | +$713 (+28.6%) |
| 2BR | $4,695 | $2,828 | +$1,867 (+66.0%) |
| 2BR | $2,595 | $2,828 | −$233 (-8.2%) |
| 3BR | $6,416 | $3,300 | +$3,116 (+94.4%) |
| 3BR | $6,416 | $3,300 | +$3,116 (+94.4%) |
| 4BR | $4,800 | $4,200 | +$600 (+14.3%) |
| 4BR | $12,000 | $4,200 | +$7,800 (+185.7%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in June 2023.