Monthly Rent Report
Prospect Heights Rent Report — July 2023
Asking rents in ZIP 11238, New York City, from 171 listings.
Median 1BR rent in Prospect Heights was $3,700 in July 2023, down 8.4% (−$339) from June 2023 and down 17.8% year-over-year. The middle half of 1BR listings asked between $3,700 and $3,700. That puts Prospect Heights $1,250 above the New York City citywide 1BR median of $2,450. The month's figures are based on 171 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,006 | +$556 (+22.7%) | +$206 (+7.3%) | $2,786 – $3,222 | 12 |
| Studio | $3,224 | +$774 (+31.6%) | +$424 (+15.1%) | $2,848 – $3,581 | 48 |
| 1BR | $3,700 | −$339 (-8.4%) | −$800 (-17.8%) | $3,700 – $3,700 | 1 |
| 1BR | $3,629 | −$410 (-10.2%) | −$871 (-19.4%) | $3,351 – $3,836 | 31 |
| 2BR | $4,300 | −$395 (-8.4%) | +$301 (+7.5%) | $3,700 – $5,700 | 19 |
| 2BR | $4,135 | −$560 (-11.9%) | +$136 (+3.4%) | $3,950 – $4,925 | 29 |
| 3BR | $4,897 | −$1,519 (-23.7%) | −$102 (-2.0%) | $4,213 – $5,875 | 14 |
| 3BR | $4,500 | −$1,916 (-29.9%) | −$499 (-10.0%) | $4,500 – $4,500 | 7 |
| 4BR | $8,450 | −$3,550 (-29.6%) | +$3,050 (+56.5%) | $6,925 – $9,975 | 2 |
| 4BR | $5,797 | −$6,203 (-51.7%) | +$397 (+7.4%) | $5,612 – $6,045 | 4 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Prospect Heights vs. New York City — July 2023
| Bedrooms | Prospect Heights Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,006 | $2,498 | +$508 (+20.3%) |
| Studio | $3,224 | $2,498 | +$727 (+29.1%) |
| 1BR | $3,700 | $2,450 | +$1,250 (+51.0%) |
| 1BR | $3,629 | $2,450 | +$1,179 (+48.1%) |
| 2BR | $4,300 | $2,800 | +$1,500 (+53.6%) |
| 2BR | $4,135 | $2,800 | +$1,335 (+47.7%) |
| 3BR | $4,897 | $3,400 | +$1,497 (+44.0%) |
| 3BR | $4,500 | $3,400 | +$1,100 (+32.4%) |
| 4BR | $8,450 | $4,200 | +$4,250 (+101.2%) |
| 4BR | $5,797 | $4,200 | +$1,597 (+38.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in July 2023.