Monthly Rent Report
Richmond Hill Rent Report — April 2024
Asking rents in ZIP 11418, New York City, from 49 listings.
Median 1BR rent in Richmond Hill was $2,725 in April 2024, up 18.5% (+$425) from March 2024 and up 21.8% year-over-year. The middle half of 1BR listings asked between $2,550 and $2,763. That puts Richmond Hill $225 above the New York City citywide 1BR median of $2,500. The month's figures are based on 49 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,000 | −$350 (-14.9%) | +$405 (+25.4%) | $1,825 – $2,144 | 3 |
| Studio | $2,144 | −$206 (-8.8%) | +$549 (+34.4%) | $2,000 – $2,288 | 6 |
| Studio | $1,650 | −$700 (-29.8%) | +$55 (+3.4%) | $1,650 – $1,650 | 1 |
| 1BR | $2,725 | +$425 (+18.5%) | +$487 (+21.8%) | $2,550 – $2,763 | 8 |
| 1BR | $2,750 | +$450 (+19.6%) | +$512 (+22.9%) | $2,650 – $2,800 | 16 |
| 2BR | $3,400 | +$603 (+21.5%) | +$1,400 (+70.0%) | $3,300 – $3,525 | 3 |
| 2BR | $2,150 | −$647 (-23.1%) | +$150 (+7.5%) | $2,150 – $2,150 | 1 |
| 2BR | $3,425 | +$628 (+22.4%) | +$1,425 (+71.3%) | $3,200 – $3,800 | 6 |
| 2BR | $3,400 | +$603 (+21.5%) | +$1,400 (+70.0%) | $3,400 – $3,400 | 1 |
| 3BR | $5,000 | +$500 (+11.1%) | +$2,300 (+85.2%) | $5,000 – $5,000 | 1 |
| 3BR | $3,300 | −$1,200 (-26.7%) | +$600 (+22.2%) | $3,300 – $3,300 | 1 |
| 3BR | $4,150 | −$350 (-7.8%) | +$1,450 (+53.7%) | $3,725 – $4,575 | 2 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Richmond Hill vs. New York City — April 2024
| Bedrooms | Richmond Hill Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,000 | $2,491 | −$491 (-19.7%) |
| Studio | $2,144 | $2,491 | −$347 (-13.9%) |
| Studio | $1,650 | $2,491 | −$841 (-33.8%) |
| 1BR | $2,725 | $2,500 | +$225 (+9.0%) |
| 1BR | $2,750 | $2,500 | +$250 (+10.0%) |
| 2BR | $3,400 | $2,995 | +$405 (+13.5%) |
| 2BR | $2,150 | $2,995 | −$845 (-28.2%) |
| 2BR | $3,425 | $2,995 | +$430 (+14.4%) |
| 2BR | $3,400 | $2,995 | +$405 (+13.5%) |
| 3BR | $5,000 | $3,500 | +$1,500 (+42.9%) |
| 3BR | $3,300 | $3,500 | −$200 (-5.7%) |
| 3BR | $4,150 | $3,500 | +$650 (+18.6%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in April 2024.