Monthly Rent Report
Prospect Heights Rent Report — October 2023
Asking rents in ZIP 11238, New York City, from 367 listings.
Median 1BR rent in Prospect Heights was $3,895 in October 2023, up 7.4% (+$270) from September 2023 and down 13.4% year-over-year. The middle half of 1BR listings asked between $3,895 and $3,895. That puts Prospect Heights $1,445 above the New York City citywide 1BR median of $2,450. The month's figures are based on 367 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,175 | +$313 (+10.9%) | −$82 (-2.5%) | $2,650 – $3,615 | 68 |
| Studio | $3,175 | +$313 (+10.9%) | −$82 (-2.5%) | $2,587 – $3,725 | 27 |
| 1BR | $3,895 | +$270 (+7.4%) | −$605 (-13.4%) | $3,895 – $3,895 | 1 |
| 1BR | $2,900 | −$725 (-20.0%) | −$1,600 (-35.6%) | $2,900 – $2,900 | 1 |
| 2BR | $3,800 | +$900 (+31.0%) | −$800 (-17.4%) | $3,800 – $3,800 | 2 |
| 2BR | $4,505 | +$1,605 (+55.3%) | −$95 (-2.1%) | $3,995 – $5,700 | 169 |
| 3BR | $3,895 | −$1,772 (-31.3%) | −$100 (-2.5%) | $3,895 – $3,895 | 1 |
| 3BR | $5,200 | −$467 (-8.2%) | +$1,205 (+30.2%) | $3,799 – $6,492 | 32 |
| 4BR | $11,000 | +$4,250 (+63.0%) | +$6,100 (+124.5%) | $5,219 – $11,000 | 12 |
| 4BR | $5,695 | −$1,055 (-15.6%) | +$795 (+16.2%) | $5,250 – $11,000 | 41 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Prospect Heights vs. New York City — October 2023
| Bedrooms | Prospect Heights Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,175 | $2,411 | +$765 (+31.7%) |
| Studio | $3,175 | $2,411 | +$765 (+31.7%) |
| 1BR | $3,895 | $2,450 | +$1,445 (+59.0%) |
| 1BR | $2,900 | $2,450 | +$450 (+18.4%) |
| 2BR | $3,800 | $2,900 | +$900 (+31.0%) |
| 2BR | $4,505 | $2,900 | +$1,605 (+55.3%) |
| 3BR | $3,895 | $3,349 | +$546 (+16.3%) |
| 3BR | $5,200 | $3,349 | +$1,851 (+55.3%) |
| 4BR | $11,000 | $4,200 | +$6,800 (+161.9%) |
| 4BR | $5,695 | $4,200 | +$1,495 (+35.6%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in October 2023.