Monthly Rent Report
Richmond Hill Rent Report — March 2024
Asking rents in ZIP 11418, New York City, from 42 listings.
Median 1BR rent in Richmond Hill was $2,300 in March 2024, down 16.4% (−$450) from February 2024 and up 7.0% year-over-year. The middle half of 1BR listings asked between $2,275 and $2,398. That puts Richmond Hill $199 below the New York City citywide 1BR median of $2,499. The month's figures are based on 42 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,750 | −$347 (-16.5%) | +$155 (+9.7%) | $1,750 – $1,750 | 1 |
| Studio | $2,350 | +$253 (+12.1%) | +$755 (+47.3%) | $2,350 – $2,350 | 1 |
| Studio | $2,193 | +$96 (+4.6%) | +$598 (+37.5%) | $2,010 – $2,304 | 4 |
| Studio | $2,097 | $0 (0.0%) | +$502 (+31.5%) | $2,097 – $2,097 | 1 |
| 1BR | $2,300 | −$450 (-16.4%) | +$150 (+7.0%) | $2,275 – $2,398 | 3 |
| 1BR | $2,598 | −$152 (-5.5%) | +$448 (+20.8%) | $2,288 – $2,763 | 8 |
| 1BR | $2,700 | −$50 (-1.8%) | +$550 (+25.6%) | $2,700 – $2,700 | 1 |
| 1BR | $1,850 | −$900 (-32.7%) | −$300 (-14.0%) | $1,850 – $1,850 | 1 |
| 2BR | $2,200 | −$1,000 (-31.3%) | — | $2,175 – $2,350 | 3 |
| 2BR | $3,100 | −$100 (-3.1%) | — | $3,050 – $3,325 | 3 |
| 2BR | $2,798 | −$402 (-12.6%) | — | $2,500 – $3,175 | 10 |
| 2BR | $2,595 | −$605 (-18.9%) | — | $2,595 – $2,595 | 1 |
| 3BR | $4,500 | +$50 (+1.1%) | — | $4,500 – $4,500 | 1 |
| 3BR | $3,650 | −$800 (-18.0%) | — | $2,800 – $4,625 | 4 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Richmond Hill vs. New York City — March 2024
| Bedrooms | Richmond Hill Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,750 | $2,450 | −$700 (-28.6%) |
| Studio | $2,350 | $2,450 | −$100 (-4.1%) |
| Studio | $2,193 | $2,450 | −$257 (-10.5%) |
| Studio | $2,097 | $2,450 | −$353 (-14.4%) |
| 1BR | $2,300 | $2,499 | −$199 (-8.0%) |
| 1BR | $2,598 | $2,499 | +$99 (+3.9%) |
| 1BR | $2,700 | $2,499 | +$201 (+8.0%) |
| 1BR | $1,850 | $2,499 | −$649 (-26.0%) |
| 2BR | $2,200 | $2,995 | −$794 (-26.5%) |
| 2BR | $3,100 | $2,995 | +$106 (+3.5%) |
| 2BR | $2,798 | $2,995 | −$197 (-6.6%) |
| 2BR | $2,595 | $2,995 | −$399 (-13.3%) |
| 3BR | $4,500 | $3,500 | +$1,000 (+28.6%) |
| 3BR | $3,650 | $3,500 | +$150 (+4.3%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in March 2024.