Monthly Rent Report
Prospect Heights Rent Report — March 2024
Asking rents in ZIP 11238, New York City, from 213 listings.
Median 1BR rent in Prospect Heights was $5,149 in March 2024, up 40.1% (+$1,474) from February 2024 and up 243.3% year-over-year. The middle half of 1BR listings asked between $4,874 and $5,424. That puts Prospect Heights $2,650 above the New York City citywide 1BR median of $2,499. The month's figures are based on 213 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,014 | +$14 (+0.4%) | +$14 (+0.4%) | $2,206 – $3,356 | 18 |
| Studio | $3,799 | +$799 (+26.6%) | +$799 (+26.6%) | $3,799 – $3,799 | 1 |
| 1BR | $5,149 | +$1,474 (+40.1%) | +$3,649 (+243.3%) | $4,874 – $5,424 | 2 |
| 1BR | $3,750 | +$75 (+2.0%) | +$2,250 (+150.0%) | $3,088 – $4,200 | 72 |
| 2BR | $6,599 | +$4,599 (+230.0%) | +$1,982 (+42.9%) | $6,599 – $6,599 | 1 |
| 2BR | $5,000 | +$3,000 (+150.0%) | +$383 (+8.3%) | $3,327 – $6,084 | 55 |
| 3BR | $3,900 | −$1,100 (-22.0%) | −$325 (-7.7%) | $3,723 – $4,500 | 16 |
| 3BR | $4,400 | −$600 (-12.0%) | +$175 (+4.1%) | $3,696 – $5,350 | 23 |
| 4BR | $4,950 | −$3,049 (-38.1%) | +$115 (+2.4%) | $4,350 – $10,950 | 12 |
| 4BR | $5,700 | −$2,299 (-28.7%) | +$865 (+17.9%) | $5,500 – $10,950 | 13 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Prospect Heights vs. New York City — March 2024
| Bedrooms | Prospect Heights Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,014 | $2,450 | +$564 (+23.0%) |
| Studio | $3,799 | $2,450 | +$1,349 (+55.1%) |
| 1BR | $5,149 | $2,499 | +$2,650 (+106.0%) |
| 1BR | $3,750 | $2,499 | +$1,251 (+50.0%) |
| 2BR | $6,599 | $2,995 | +$3,605 (+120.4%) |
| 2BR | $5,000 | $2,995 | +$2,006 (+67.0%) |
| 3BR | $3,900 | $3,500 | +$400 (+11.4%) |
| 3BR | $4,400 | $3,500 | +$900 (+25.7%) |
| 4BR | $4,950 | $4,250 | +$701 (+16.5%) |
| 4BR | $5,700 | $4,250 | +$1,451 (+34.1%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in March 2024.