Monthly Rent Report
Prospect Heights Rent Report — October 2024
Asking rents in ZIP 11238, New York City, from 38 listings.
Median 1BR rent in Prospect Heights was $2,500 in October 2024, down 31.5% (−$1,150) from September 2024 and down 13.8% year-over-year. The middle half of 1BR listings asked between $2,500 and $2,500. That puts Prospect Heights $194 above the New York City citywide 1BR median of $2,306. The month's figures are based on 38 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,400 | −$700 (-22.6%) | −$775 (-24.4%) | $1,998 – $2,875 | 11 |
| 1BR | $2,500 | −$1,150 (-31.5%) | −$400 (-13.8%) | $2,500 – $2,500 | 1 |
| 1BR | $3,800 | +$150 (+4.1%) | +$900 (+31.0%) | $3,700 – $3,900 | 2 |
| 2BR | $3,000 | $0 (0.0%) | −$1,505 (-33.4%) | $3,000 – $3,000 | 1 |
| 2BR | $2,600 | −$400 (-13.3%) | −$1,905 (-42.3%) | $2,600 – $2,600 | 3 |
| 3BR | $7,500 | +$2,440 (+48.2%) | +$2,300 (+44.2%) | $7,500 – $7,500 | 1 |
| 3BR | $4,500 | −$560 (-11.1%) | −$700 (-13.5%) | $3,975 – $5,295 | 12 |
| 4BR | $9,000 | +$2,875 (+46.9%) | −$2,000 (-18.2%) | $4,825 – $15,688 | 6 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Prospect Heights vs. New York City — October 2024
| Bedrooms | Prospect Heights Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,400 | $2,550 | −$150 (-5.9%) |
| 1BR | $2,500 | $2,306 | +$194 (+8.4%) |
| 1BR | $3,800 | $2,306 | +$1,494 (+64.8%) |
| 2BR | $3,000 | $2,914 | +$87 (+3.0%) |
| 2BR | $2,600 | $2,914 | −$313 (-10.8%) |
| 3BR | $7,500 | $3,519 | +$3,981 (+113.1%) |
| 3BR | $4,500 | $3,519 | +$981 (+27.9%) |
| 4BR | $9,000 | $4,100 | +$4,900 (+119.5%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in October 2024.