Monthly Rent Report
Prospect Heights Rent Report — September 2023
Asking rents in ZIP 11238, New York City, from 101 listings.
Median 1BR rent in Prospect Heights was $3,500 in September 2023, down 10.3% (−$400) from August 2023 and down 12.5% year-over-year. The middle half of 1BR listings asked between $3,000 and $4,300. That puts Prospect Heights $1,000 above the New York City citywide 1BR median of $2,500. The month's figures are based on 101 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,862 | −$238 (-7.7%) | −$350 (-10.9%) | $2,862 – $2,862 | 1 |
| Studio | $2,750 | −$350 (-11.3%) | −$462 (-14.4%) | $2,700 – $2,800 | 2 |
| 1BR | $3,500 | −$400 (-10.3%) | −$500 (-12.5%) | $3,000 – $4,300 | 57 |
| 1BR | $3,625 | −$275 (-7.1%) | −$375 (-9.4%) | $3,538 – $3,713 | 2 |
| 2BR | $2,900 | −$2,100 (-42.0%) | −$595 (-17.0%) | $2,900 – $2,900 | 1 |
| 2BR | $5,025 | +$25 (+0.5%) | +$1,530 (+43.8%) | $4,209 – $5,425 | 6 |
| 3BR | $5,667 | −$1,408 (-19.9%) | −$1,833 (-24.4%) | $5,667 – $5,667 | 1 |
| 3BR | $7,325 | +$250 (+3.5%) | −$175 (-2.3%) | $5,000 – $9,250 | 4 |
| 4BR | $6,750 | +$1,155 (+20.6%) | +$1,000 (+17.4%) | $5,895 – $12,000 | 5 |
| 4BR | $5,695 | +$100 (+1.8%) | −$55 (-1.0%) | $5,500 – $7,000 | 17 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Prospect Heights vs. New York City — September 2023
| Bedrooms | Prospect Heights Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,862 | $2,400 | +$462 (+19.3%) |
| Studio | $2,750 | $2,400 | +$350 (+14.6%) |
| 1BR | $3,500 | $2,500 | +$1,000 (+40.0%) |
| 1BR | $3,625 | $2,500 | +$1,125 (+45.0%) |
| 2BR | $2,900 | $3,000 | −$100 (-3.3%) |
| 2BR | $5,025 | $3,000 | +$2,025 (+67.5%) |
| 3BR | $5,667 | $3,500 | +$2,167 (+61.9%) |
| 3BR | $7,325 | $3,500 | +$3,825 (+109.3%) |
| 4BR | $6,750 | $4,325 | +$2,425 (+56.1%) |
| 4BR | $5,695 | $4,325 | +$1,370 (+31.7%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in September 2023.