Monthly Rent Report
Prospect Heights Rent Report — August 2023
Asking rents in ZIP 11238, New York City, from 82 listings.
Median 1BR rent in Prospect Heights was $3,350 in August 2023, down 7.7% (−$279) from July 2023 and up 71.8% year-over-year. The middle half of 1BR listings asked between $2,800 and $3,545. That puts Prospect Heights $1,000 above the New York City citywide 1BR median of $2,350. The month's figures are based on 82 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,100 | −$124 (-3.8%) | +$1,450 (+87.9%) | $2,699 – $3,636 | 32 |
| Studio | $2,079 | −$1,145 (-35.5%) | +$429 (+26.0%) | $1,893 – $2,264 | 2 |
| 1BR | $3,350 | −$279 (-7.7%) | +$1,400 (+71.8%) | $2,800 – $3,545 | 7 |
| 1BR | $3,900 | +$271 (+7.5%) | +$1,950 (+100.0%) | $3,900 – $3,900 | 1 |
| 2BR | $5,000 | +$700 (+16.3%) | +$1,500 (+42.9%) | $5,000 – $5,000 | 1 |
| 2BR | $3,895 | −$405 (-9.4%) | +$395 (+11.3%) | $3,200 – $4,495 | 17 |
| 3BR | $4,800 | −$97 (-2.0%) | +$505 (+11.8%) | $3,863 – $5,213 | 6 |
| 3BR | $7,075 | +$2,178 (+44.5%) | +$2,780 (+64.7%) | $5,063 – $8,900 | 6 |
| 4BR | $5,595 | −$202 (-3.5%) | +$1,045 (+23.0%) | $5,595 – $5,595 | 1 |
| 4BR | $4,830 | −$967 (-16.7%) | +$280 (+6.2%) | $4,830 – $4,830 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Prospect Heights vs. New York City — August 2023
| Bedrooms | Prospect Heights Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,100 | $2,490 | +$610 (+24.5%) |
| Studio | $2,079 | $2,490 | −$411 (-16.5%) |
| 1BR | $3,350 | $2,350 | +$1,000 (+42.6%) |
| 1BR | $3,900 | $2,350 | +$1,550 (+66.0%) |
| 2BR | $5,000 | $2,859 | +$2,141 (+74.9%) |
| 2BR | $3,895 | $2,859 | +$1,036 (+36.2%) |
| 3BR | $4,800 | $3,413 | +$1,388 (+40.7%) |
| 3BR | $7,075 | $3,413 | +$3,663 (+107.3%) |
| 4BR | $5,595 | $4,200 | +$1,395 (+33.2%) |
| 4BR | $4,830 | $4,200 | +$630 (+15.0%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in August 2023.