Monthly Rent Report
Richmond Hill Rent Report — May 2025
Asking rents in ZIP 11418, New York City, from 25 listings.
Median 1BR rent in Richmond Hill was $3,050 in May 2025, up 1.7% (+$50) from April 2025 and up 56.4% year-over-year. The middle half of 1BR listings asked between $3,050 and $3,050. That puts Richmond Hill $209 above the New York City citywide 1BR median of $2,841. The month's figures are based on 25 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2025 | Vs. May 2024 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,200 | −$9,300 (-74.4%) | +$1,350 (+73.0%) | $3,200 – $3,200 | 1 |
| 1BR | $3,050 | +$50 (+1.7%) | +$1,100 (+56.4%) | $3,050 – $3,050 | 6 |
| 1BR | $3,050 | +$50 (+1.7%) | +$1,100 (+56.4%) | $2,764 – $3,050 | 8 |
| 2BR | $3,750 | +$1,250 (+50.0%) | +$550 (+17.2%) | $3,600 – $4,150 | 4 |
| 2BR | $2,500 | $0 (0.0%) | −$700 (-21.9%) | $2,500 – $2,500 | 1 |
| 3BR | $2,500 | −$900 (-26.5%) | −$800 (-24.2%) | $2,500 – $2,500 | 1 |
| 3BR | $3,350 | −$50 (-1.5%) | +$50 (+1.5%) | $3,350 – $3,350 | 2 |
| 4BR | $2,975 | −$75 (-2.5%) | +$25 (+0.8%) | $2,913 – $3,038 | 2 |
Median, P25, and P75 are asking rents from listings posted in May 2025. Changes compare against the nearest prior month with data.
Richmond Hill vs. New York City — May 2025
| Bedrooms | Richmond Hill Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,200 | $2,799 | +$401 (+14.3%) |
| 1BR | $3,050 | $2,841 | +$209 (+7.4%) |
| 1BR | $3,050 | $2,841 | +$209 (+7.4%) |
| 2BR | $3,750 | $3,263 | +$488 (+14.9%) |
| 2BR | $2,500 | $3,263 | −$762 (-23.4%) |
| 3BR | $2,500 | $3,777 | −$1,277 (-33.8%) |
| 3BR | $3,350 | $3,777 | −$427 (-11.3%) |
| 4BR | $2,975 | $4,345 | −$1,370 (-31.5%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in May 2025.