Monthly Rent Report
Prospect Heights Rent Report — August 2024
Asking rents in ZIP 11238, New York City, from 18 listings.
Median 1BR rent in Prospect Heights was $3,000 in August 2024, up 71.4% (+$1,250) from July 2024 and down 23.1% year-over-year. The middle half of 1BR listings asked between $3,000 and $3,000. That puts Prospect Heights $610 above the New York City citywide 1BR median of $2,390. The month's figures are based on 18 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,824 | −$226 (-7.4%) | −$276 (-8.9%) | $2,585 – $3,875 | 4 |
| 1BR | $3,000 | +$1,250 (+71.4%) | −$900 (-23.1%) | $3,000 – $3,000 | 1 |
| 1BR | $2,500 | +$750 (+42.9%) | −$1,400 (-35.9%) | $2,500 – $2,500 | 2 |
| 2BR | $3,600 | +$600 (+20.0%) | −$295 (-7.6%) | $3,525 – $3,675 | 2 |
| 2BR | $5,700 | +$2,700 (+90.0%) | +$1,805 (+46.3%) | $5,700 – $5,700 | 2 |
| 3BR | $4,899 | −$451 (-8.4%) | −$2,176 (-30.8%) | $4,899 – $4,899 | 1 |
| 4BR | $16,750 | +$4,750 (+39.6%) | +$11,155 (+199.4%) | $13,936 – $16,750 | 4 |
| 4BR | $16,000 | +$4,000 (+33.3%) | +$10,405 (+186.0%) | $16,000 – $16,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Prospect Heights vs. New York City — August 2024
| Bedrooms | Prospect Heights Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,824 | $2,500 | +$324 (+13.0%) |
| 1BR | $3,000 | $2,390 | +$610 (+25.5%) |
| 1BR | $2,500 | $2,390 | +$110 (+4.6%) |
| 2BR | $3,600 | $2,900 | +$700 (+24.1%) |
| 2BR | $5,700 | $2,900 | +$2,800 (+96.6%) |
| 3BR | $4,899 | $3,603 | +$1,296 (+36.0%) |
| 4BR | $16,750 | $4,225 | +$12,525 (+296.4%) |
| 4BR | $16,000 | $4,225 | +$11,775 (+278.7%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in August 2024.