Monthly Rent Report
Prospect Heights Rent Report — December 2023
Asking rents in ZIP 11238, New York City, from 139 listings.
Median 1BR rent in Prospect Heights was $3,699 in December 2023, up 29.8% (+$849) from November 2023 and down 0.0% year-over-year. The middle half of 1BR listings asked between $2,812 and $3,699. That puts Prospect Heights $1,299 above the New York City citywide 1BR median of $2,400. The month's figures are based on 139 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,100 | +$1,894 (+85.9%) | +$1,900 (+86.4%) | $4,100 – $4,100 | 1 |
| Studio | $3,250 | +$1,044 (+47.3%) | +$1,050 (+47.7%) | $2,599 – $3,672 | 77 |
| 1BR | $3,699 | +$849 (+29.8%) | −$1 (-0.0%) | $2,812 – $3,699 | 10 |
| 1BR | $2,700 | −$150 (-5.3%) | −$1,000 (-27.0%) | $2,700 – $2,700 | 1 |
| 2BR | $8,167 | +$6,167 (+308.3%) | +$6,192 (+313.5%) | $5,784 – $8,167 | 3 |
| 2BR | $8,167 | +$6,167 (+308.3%) | +$6,192 (+313.5%) | $5,784 – $8,167 | 3 |
| 3BR | $3,000 | −$1,950 (-39.4%) | +$525 (+21.2%) | $3,000 – $3,000 | 1 |
| 3BR | $3,000 | −$1,950 (-39.4%) | +$525 (+21.2%) | $3,000 – $3,000 | 1 |
| 4BR | $5,050 | −$450 (-8.2%) | −$5,950 (-54.1%) | $4,267 – $7,831 | 12 |
| 4BR | $5,125 | −$375 (-6.8%) | −$5,875 (-53.4%) | $4,800 – $6,775 | 26 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Prospect Heights vs. New York City — December 2023
| Bedrooms | Prospect Heights Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,100 | $2,362 | +$1,738 (+73.6%) |
| Studio | $3,250 | $2,362 | +$888 (+37.6%) |
| 1BR | $3,699 | $2,400 | +$1,299 (+54.1%) |
| 1BR | $2,700 | $2,400 | +$300 (+12.5%) |
| 2BR | $8,167 | $2,900 | +$5,267 (+181.6%) |
| 2BR | $8,167 | $2,900 | +$5,267 (+181.6%) |
| 3BR | $3,000 | $3,500 | −$500 (-14.3%) |
| 3BR | $3,000 | $3,500 | −$500 (-14.3%) |
| 4BR | $5,050 | $4,070 | +$980 (+24.1%) |
| 4BR | $5,125 | $4,070 | +$1,055 (+25.9%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in December 2023.