Monthly Rent Report
Prospect Heights Rent Report — February 2024
Asking rents in ZIP 11238, New York City, from 332 listings.
Median 1BR rent in Prospect Heights was $3,500 in February 2024, up 13.8% (+$425) from January 2024 and up 133.3% year-over-year. The middle half of 1BR listings asked between $3,500 and $3,500. That puts Prospect Heights $1,050 above the New York City citywide 1BR median of $2,450. The month's figures are based on 332 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,000 | +$334 (+12.5%) | +$500 (+20.0%) | $2,575 – $3,462 | 40 |
| Studio | $3,000 | +$334 (+12.5%) | +$500 (+20.0%) | $2,575 – $3,462 | 40 |
| 1BR | $3,500 | +$425 (+13.8%) | +$2,000 (+133.3%) | $3,500 – $3,500 | 3 |
| 1BR | $3,675 | +$600 (+19.5%) | +$2,175 (+145.0%) | $3,200 – $4,000 | 145 |
| 2BR | $2,000 | −$2,450 (-55.1%) | −$1,574 (-44.0%) | $2,000 – $2,000 | 1 |
| 2BR | $2,000 | −$2,450 (-55.1%) | −$1,574 (-44.0%) | $2,000 – $2,000 | 1 |
| 3BR | $5,000 | −$900 (-15.3%) | +$850 (+20.5%) | $3,961 – $6,308 | 34 |
| 3BR | $5,000 | −$900 (-15.3%) | +$850 (+20.5%) | $3,961 – $6,308 | 34 |
| 4BR | $12,500 | +$6,500 (+108.3%) | +$8,050 (+180.9%) | $9,350 – $12,500 | 3 |
| 4BR | $7,999 | +$1,999 (+33.3%) | +$3,549 (+79.8%) | $5,995 – $12,500 | 25 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Prospect Heights vs. New York City — February 2024
| Bedrooms | Prospect Heights Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,000 | $2,359 | +$641 (+27.2%) |
| Studio | $3,000 | $2,359 | +$641 (+27.2%) |
| 1BR | $3,500 | $2,450 | +$1,050 (+42.9%) |
| 1BR | $3,675 | $2,450 | +$1,225 (+50.0%) |
| 2BR | $2,000 | $2,979 | −$979 (-32.9%) |
| 2BR | $2,000 | $2,979 | −$979 (-32.9%) |
| 3BR | $5,000 | $3,500 | +$1,500 (+42.9%) |
| 3BR | $5,000 | $3,500 | +$1,500 (+42.9%) |
| 4BR | $12,500 | $4,148 | +$8,353 (+201.4%) |
| 4BR | $7,999 | $4,148 | +$3,852 (+92.9%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in February 2024.