Monthly Rent Report
Prospect Heights Rent Report — April 2024
Asking rents in ZIP 11238, New York City, from 511 listings.
Median 1BR rent in Prospect Heights was $3,650 in April 2024, down 29.1% (−$1,499) from March 2024 and down 7.6% year-over-year. The middle half of 1BR listings asked between $3,299 and $4,517. That puts Prospect Heights $1,150 above the New York City citywide 1BR median of $2,500. The month's figures are based on 511 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,200 | −$599 (-15.8%) | +$163 (+5.3%) | $2,547 – $3,381 | 44 |
| Studio | $3,200 | −$599 (-15.8%) | +$163 (+5.3%) | $2,552 – $3,425 | 41 |
| 1BR | $3,650 | −$1,499 (-29.1%) | −$300 (-7.6%) | $3,299 – $4,517 | 84 |
| 1BR | $3,699 | −$1,450 (-28.2%) | −$251 (-6.4%) | $3,350 – $4,163 | 136 |
| 2BR | $4,500 | −$500 (-10.0%) | −$332 (-6.9%) | $3,500 – $5,811 | 133 |
| 2BR | $5,730 | +$730 (+14.6%) | +$898 (+18.6%) | $5,730 – $5,730 | 1 |
| 3BR | $5,950 | +$2,050 (+52.6%) | +$850 (+16.7%) | $4,600 – $7,200 | 45 |
| 3BR | $5,850 | +$1,950 (+50.0%) | +$750 (+14.7%) | $5,850 – $5,850 | 1 |
| 4BR | $5,900 | +$200 (+3.5%) | +$1,100 (+22.9%) | $5,170 – $7,884 | 12 |
| 4BR | $9,300 | +$3,600 (+63.2%) | +$4,500 (+93.8%) | $5,574 – $12,613 | 8 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Prospect Heights vs. New York City — April 2024
| Bedrooms | Prospect Heights Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,200 | $2,491 | +$709 (+28.5%) |
| Studio | $3,200 | $2,491 | +$709 (+28.5%) |
| 1BR | $3,650 | $2,500 | +$1,150 (+46.0%) |
| 1BR | $3,699 | $2,500 | +$1,199 (+48.0%) |
| 2BR | $4,500 | $2,995 | +$1,505 (+50.3%) |
| 2BR | $5,730 | $2,995 | +$2,735 (+91.3%) |
| 3BR | $5,950 | $3,500 | +$2,450 (+70.0%) |
| 3BR | $5,850 | $3,500 | +$2,350 (+67.1%) |
| 4BR | $5,900 | $4,270 | +$1,630 (+38.2%) |
| 4BR | $9,300 | $4,270 | +$5,030 (+117.8%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in April 2024.