Monthly Rent Report
Ridgewood Rent Report — May 2023
Asking rents in ZIP 11385, New York City, from 415 listings.
Median 1BR rent in Ridgewood was $2,750 in May 2023, up 4.2% (+$112) from April 2023. The middle half of 1BR listings asked between $2,725 and $2,775. That puts Ridgewood $273 above the New York City citywide 1BR median of $2,477. The month's figures are based on 415 listings across 20 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,099 | −$426 (-16.9%) | — | $1,750 – $2,400 | 13 |
| Studio | $2,300 | −$225 (-8.9%) | — | $2,300 – $2,300 | 1 |
| Studio | $3,495 | +$970 (+38.4%) | — | $3,495 – $3,495 | 1 |
| 1BR | $2,750 | +$112 (+4.2%) | — | $2,725 – $2,775 | 2 |
| 1BR | $2,675 | +$37 (+1.4%) | — | $2,350 – $3,015 | 16 |
| 1BR | $2,400 | −$238 (-9.0%) | — | $1,975 – $2,825 | 63 |
| 1BR | $2,000 | −$638 (-24.2%) | — | $1,950 – $2,138 | 4 |
| 2BR | $1,600 | −$1,300 (-44.8%) | — | $1,600 – $1,600 | 1 |
| 2BR | $3,000 | +$100 (+3.4%) | — | $2,550 – $3,485 | 162 |
| 2BR | $2,999 | +$99 (+3.4%) | — | $2,400 – $3,500 | 9 |
| 2BR | $2,650 | −$250 (-8.6%) | — | $2,575 – $2,725 | 4 |
| 3BR | $3,050 | −$450 (-12.9%) | — | $2,950 – $3,100 | 4 |
| 3BR | $3,350 | −$150 (-4.3%) | — | $3,000 – $3,650 | 16 |
| 3BR | $3,195 | −$305 (-8.7%) | — | $3,098 – $4,723 | 3 |
| 3BR | $3,425 | −$75 (-2.1%) | — | $3,100 – $3,600 | 84 |
| 4BR | $3,400 | $0 (0.0%) | — | $3,400 – $3,400 | 3 |
| 4BR | $3,500 | +$100 (+2.9%) | — | $3,400 – $3,800 | 5 |
| 4BR | $3,900 | +$500 (+14.7%) | — | $3,788 – $4,213 | 20 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Ridgewood vs. New York City — May 2023
| Bedrooms | Ridgewood Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,099 | $2,450 | −$351 (-14.3%) |
| Studio | $2,300 | $2,450 | −$150 (-6.1%) |
| Studio | $3,495 | $2,450 | +$1,045 (+42.7%) |
| 1BR | $2,750 | $2,477 | +$273 (+11.0%) |
| 1BR | $2,675 | $2,477 | +$198 (+8.0%) |
| 1BR | $2,400 | $2,477 | −$77 (-3.1%) |
| 1BR | $2,000 | $2,477 | −$477 (-19.3%) |
| 2BR | $1,600 | $2,800 | −$1,200 (-42.9%) |
| 2BR | $3,000 | $2,800 | +$200 (+7.1%) |
| 2BR | $2,999 | $2,800 | +$199 (+7.1%) |
| 2BR | $2,650 | $2,800 | −$150 (-5.4%) |
| 3BR | $3,050 | $3,225 | −$175 (-5.4%) |
| 3BR | $3,350 | $3,225 | +$125 (+3.9%) |
| 3BR | $3,195 | $3,225 | −$30 (-0.9%) |
| 3BR | $3,425 | $3,225 | +$200 (+6.2%) |
| 4BR | $3,400 | $4,000 | −$600 (-15.0%) |
| 4BR | $3,500 | $4,000 | −$500 (-12.5%) |
| 4BR | $3,900 | $4,000 | −$100 (-2.5%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.