Monthly Rent Report
Richmond Hill Rent Report — October 2023
Asking rents in ZIP 11418, New York City, from 35 listings.
Median 1BR rent in Richmond Hill was $2,960 in October 2023 and up 34.5% year-over-year. The middle half of 1BR listings asked between $1,705 and $2,960. That puts Richmond Hill $510 above the New York City citywide 1BR median of $2,450. The month's figures are based on 35 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,097 | $0 (0.0%) | +$647 (+44.6%) | $2,097 – $2,097 | 1 |
| Studio | $2,097 | $0 (0.0%) | +$647 (+44.6%) | $2,097 – $2,097 | 1 |
| 1BR | $2,960 | — | +$760 (+34.5%) | $1,705 – $2,960 | 17 |
| 1BR | $2,059 | — | −$141 (-6.4%) | $2,059 – $2,059 | 1 |
| 1BR | $1,950 | — | −$250 (-11.4%) | $1,950 – $1,950 | 1 |
| 2BR | $2,595 | $0 (0.0%) | −$530 (-17.0%) | $2,595 – $2,595 | 1 |
| 2BR | $2,595 | $0 (0.0%) | −$530 (-17.0%) | $2,550 – $3,350 | 11 |
| 3BR | $2,850 | — | −$150 (-5.0%) | $2,850 – $2,850 | 1 |
| 3BR | $2,850 | — | −$150 (-5.0%) | $2,850 – $2,850 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Richmond Hill vs. New York City — October 2023
| Bedrooms | Richmond Hill Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,097 | $2,411 | −$313 (-13.0%) |
| Studio | $2,097 | $2,411 | −$313 (-13.0%) |
| 1BR | $2,960 | $2,450 | +$510 (+20.8%) |
| 1BR | $2,059 | $2,450 | −$391 (-16.0%) |
| 1BR | $1,950 | $2,450 | −$500 (-20.4%) |
| 2BR | $2,595 | $2,900 | −$305 (-10.5%) |
| 2BR | $2,595 | $2,900 | −$305 (-10.5%) |
| 3BR | $2,850 | $3,349 | −$499 (-14.9%) |
| 3BR | $2,850 | $3,349 | −$499 (-14.9%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in October 2023.