Monthly Rent Report
Prospect Heights Rent Report — May 2024
Asking rents in ZIP 11238, New York City, from 447 listings.
Median 1BR rent in Prospect Heights was $3,275 in May 2024, down 10.3% (−$374) from April 2024 and down 28.2% year-over-year. The middle half of 1BR listings asked between $3,263 and $3,288. That puts Prospect Heights $850 above the New York City citywide 1BR median of $2,425. The month's figures are based on 447 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,958 | −$242 (-7.6%) | −$187 (-5.9%) | $2,450 – $3,300 | 55 |
| Studio | $2,675 | −$525 (-16.4%) | −$470 (-14.9%) | $2,525 – $2,802 | 4 |
| 1BR | $3,275 | −$374 (-10.3%) | −$1,288 (-28.2%) | $3,263 – $3,288 | 2 |
| 1BR | $3,600 | −$49 (-1.4%) | −$963 (-21.1%) | $3,250 – $4,030 | 138 |
| 2BR | $4,175 | −$1,555 (-27.1%) | −$2,825 (-40.4%) | $3,999 – $4,415 | 10 |
| 2BR | $4,350 | −$1,380 (-24.1%) | −$2,650 (-37.9%) | $3,800 – $5,000 | 150 |
| 3BR | $4,400 | −$1,550 (-26.1%) | −$600 (-12.0%) | $4,400 – $4,400 | 1 |
| 3BR | $5,492 | −$458 (-7.7%) | +$492 (+9.8%) | $4,400 – $6,025 | 64 |
| 4BR | $7,000 | +$1,100 (+18.6%) | +$2,504 (+55.7%) | $6,149 – $9,500 | 12 |
| 4BR | $3,450 | −$2,450 (-41.5%) | −$1,046 (-23.3%) | $3,450 – $3,450 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Prospect Heights vs. New York City — May 2024
| Bedrooms | Prospect Heights Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,958 | $2,350 | +$608 (+25.9%) |
| Studio | $2,675 | $2,350 | +$325 (+13.8%) |
| 1BR | $3,275 | $2,425 | +$850 (+35.1%) |
| 1BR | $3,600 | $2,425 | +$1,175 (+48.5%) |
| 2BR | $4,175 | $2,914 | +$1,262 (+43.3%) |
| 2BR | $4,350 | $2,914 | +$1,437 (+49.3%) |
| 3BR | $4,400 | $3,600 | +$800 (+22.2%) |
| 3BR | $5,492 | $3,600 | +$1,892 (+52.5%) |
| 4BR | $7,000 | $4,250 | +$2,750 (+64.7%) |
| 4BR | $3,450 | $4,250 | −$800 (-18.8%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2024.