Monthly Rent Report
Richmond Hill Rent Report — May 2024
Asking rents in ZIP 11418, New York City, from 41 listings.
Median 1BR rent in Richmond Hill was $2,800 in May 2024, up 1.8% (+$50) from April 2024 and up 56.1% year-over-year. The middle half of 1BR listings asked between $2,750 and $2,850. That puts Richmond Hill $375 above the New York City citywide 1BR median of $2,425. The month's figures are based on 41 listings across 15 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,675 | −$325 (-16.3%) | −$1,275 (-43.2%) | $1,500 – $1,863 | 4 |
| Studio | $2,288 | +$288 (+14.4%) | −$662 (-22.4%) | $2,288 – $2,288 | 1 |
| Studio | $1,850 | −$150 (-7.5%) | −$1,100 (-37.3%) | $1,500 – $1,900 | 5 |
| 1BR | $2,800 | +$50 (+1.8%) | +$1,006 (+56.1%) | $2,750 – $2,850 | 7 |
| 1BR | $2,200 | −$550 (-20.0%) | +$406 (+22.6%) | $2,200 – $3,500 | 5 |
| 1BR | $1,950 | −$800 (-29.1%) | +$156 (+8.7%) | $1,950 – $1,950 | 2 |
| 1BR | $1,950 | −$800 (-29.1%) | +$156 (+8.7%) | $1,950 – $1,950 | 5 |
| 2BR | $2,000 | −$1,400 (-41.2%) | — | $2,000 – $2,000 | 1 |
| 2BR | $2,000 | −$1,400 (-41.2%) | — | $2,000 – $2,000 | 2 |
| 2BR | $3,200 | −$200 (-5.9%) | — | $3,200 – $3,200 | 1 |
| 2BR | $3,250 | −$150 (-4.4%) | — | $3,225 – $3,275 | 2 |
| 3BR | $3,300 | −$850 (-20.5%) | +$600 (+22.2%) | $3,300 – $3,300 | 1 |
| 3BR | $3,300 | −$850 (-20.5%) | +$600 (+22.2%) | $3,300 – $3,300 | 1 |
| 4BR | $2,950 | — | — | $2,925 – $2,975 | 2 |
| 4BR | $2,950 | — | — | $2,925 – $2,975 | 2 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Richmond Hill vs. New York City — May 2024
| Bedrooms | Richmond Hill Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,675 | $2,350 | −$675 (-28.7%) |
| Studio | $2,288 | $2,350 | −$62 (-2.6%) |
| Studio | $1,850 | $2,350 | −$500 (-21.3%) |
| 1BR | $2,800 | $2,425 | +$375 (+15.5%) |
| 1BR | $2,200 | $2,425 | −$225 (-9.3%) |
| 1BR | $1,950 | $2,425 | −$475 (-19.6%) |
| 1BR | $1,950 | $2,425 | −$475 (-19.6%) |
| 2BR | $2,000 | $2,914 | −$913 (-31.4%) |
| 2BR | $2,000 | $2,914 | −$913 (-31.4%) |
| 2BR | $3,200 | $2,914 | +$287 (+9.8%) |
| 2BR | $3,250 | $2,914 | +$337 (+11.5%) |
| 3BR | $3,300 | $3,600 | −$300 (-8.3%) |
| 3BR | $3,300 | $3,600 | −$300 (-8.3%) |
| 4BR | $2,950 | $4,250 | −$1,300 (-30.6%) |
| 4BR | $2,950 | $4,250 | −$1,300 (-30.6%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2024.