Monthly Rent Report
Prospect Heights Rent Report — July 2024
Asking rents in ZIP 11238, New York City, from 117 listings.
Median 1BR rent in Prospect Heights was $2,150 in July 2024, down 41.9% (−$1,549) from June 2024 and down 41.9% year-over-year. The middle half of 1BR listings asked between $2,150 and $2,150. That puts Prospect Heights $350 below the New York City citywide 1BR median of $2,500. The month's figures are based on 117 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,495 | +$549 (+18.6%) | +$271 (+8.4%) | $3,250 – $3,774 | 19 |
| Studio | $3,050 | +$104 (+3.5%) | −$174 (-5.4%) | $2,389 – $3,596 | 20 |
| 1BR | $2,150 | −$1,549 (-41.9%) | −$1,550 (-41.9%) | $2,150 – $2,150 | 1 |
| 1BR | $1,750 | −$1,949 (-52.7%) | −$1,950 (-52.7%) | $1,750 – $1,750 | 1 |
| 2BR | $3,546 | −$104 (-2.8%) | −$589 (-14.2%) | $3,546 – $3,546 | 1 |
| 2BR | $3,000 | −$650 (-17.8%) | −$1,135 (-27.4%) | $3,000 – $3,000 | 1 |
| 3BR | $5,250 | +$150 (+2.9%) | +$353 (+7.2%) | $4,650 – $6,750 | 21 |
| 3BR | $5,350 | +$250 (+4.9%) | +$453 (+9.3%) | $4,399 – $6,500 | 49 |
| 4BR | $12,000 | +$7,300 (+155.3%) | +$6,203 (+107.0%) | $12,000 – $12,000 | 1 |
| 4BR | $10,999 | +$6,299 (+134.0%) | +$5,202 (+89.7%) | $10,999 – $10,999 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Prospect Heights vs. New York City — July 2024
| Bedrooms | Prospect Heights Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,495 | $2,800 | +$695 (+24.8%) |
| Studio | $3,050 | $2,800 | +$250 (+8.9%) |
| 1BR | $2,150 | $2,500 | −$350 (-14.0%) |
| 1BR | $1,750 | $2,500 | −$750 (-30.0%) |
| 2BR | $3,546 | $3,000 | +$546 (+18.2%) |
| 2BR | $3,000 | $3,000 | $0 (0.0%) |
| 3BR | $5,250 | $3,606 | +$1,644 (+45.6%) |
| 3BR | $5,350 | $3,606 | +$1,744 (+48.4%) |
| 4BR | $12,000 | $4,500 | +$7,500 (+166.7%) |
| 4BR | $10,999 | $4,500 | +$6,499 (+144.4%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in July 2024.