Monthly Rent Report
Ridgewood Rent Report — August 2023
Asking rents in ZIP 11385, New York City, from 59 listings.
Median 1BR rent in Ridgewood was $2,700 in August 2023, up 8.0% (+$200) from July 2023. The middle half of 1BR listings asked between $2,437 and $2,775. That puts Ridgewood $350 above the New York City citywide 1BR median of $2,350. The month's figures are based on 59 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,650 | −$190 (-6.7%) | — | $2,394 – $2,775 | 5 |
| Studio | $2,394 | −$446 (-15.7%) | — | $2,100 – $2,650 | 5 |
| 1BR | $2,700 | +$200 (+8.0%) | — | $2,437 – $2,775 | 4 |
| 1BR | $2,350 | −$150 (-6.0%) | — | $2,250 – $2,550 | 5 |
| 1BR | $2,671 | +$171 (+6.8%) | — | $2,671 – $2,671 | 1 |
| 2BR | $3,400 | +$453 (+15.4%) | — | $3,100 – $3,700 | 2 |
| 2BR | $2,499 | −$448 (-15.2%) | — | $2,499 – $2,499 | 2 |
| 2BR | $2,499 | −$448 (-15.2%) | — | $2,425 – $2,931 | 10 |
| 2BR | $2,500 | −$447 (-15.2%) | — | $2,500 – $2,950 | 3 |
| 3BR | $3,000 | −$400 (-11.8%) | — | $3,000 – $3,000 | 1 |
| 3BR | $3,290 | −$110 (-3.2%) | — | $3,095 – $3,400 | 9 |
| 3BR | $3,000 | −$400 (-11.8%) | — | $3,000 – $3,000 | 1 |
| 4BR | $3,500 | −$205 (-5.5%) | — | $3,500 – $3,500 | 1 |
| 4BR | $3,173 | −$532 (-14.4%) | — | $2,845 – $3,524 | 4 |
| 4BR | $2,845 | −$860 (-23.2%) | — | $2,845 – $2,845 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Ridgewood vs. New York City — August 2023
| Bedrooms | Ridgewood Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,650 | $2,490 | +$160 (+6.4%) |
| Studio | $2,394 | $2,490 | −$96 (-3.9%) |
| 1BR | $2,700 | $2,350 | +$350 (+14.9%) |
| 1BR | $2,350 | $2,350 | $0 (0.0%) |
| 1BR | $2,671 | $2,350 | +$321 (+13.7%) |
| 2BR | $3,400 | $2,859 | +$541 (+18.9%) |
| 2BR | $2,499 | $2,859 | −$360 (-12.6%) |
| 2BR | $2,499 | $2,859 | −$360 (-12.6%) |
| 2BR | $2,500 | $2,859 | −$359 (-12.6%) |
| 3BR | $3,000 | $3,413 | −$412 (-12.1%) |
| 3BR | $3,290 | $3,413 | −$122 (-3.6%) |
| 3BR | $3,000 | $3,413 | −$412 (-12.1%) |
| 4BR | $3,500 | $4,200 | −$700 (-16.7%) |
| 4BR | $3,173 | $4,200 | −$1,027 (-24.5%) |
| 4BR | $2,845 | $4,200 | −$1,355 (-32.3%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in August 2023.