Monthly Rent Report
Ridgewood Rent Report — May 2024
Asking rents in ZIP 11385, New York City, from 364 listings.
Median 1BR rent in Ridgewood was $2,400 in May 2024, down 3.6% (−$90) from April 2024 and up 20.0% year-over-year. The middle half of 1BR listings asked between $2,000 and $2,650. That puts Ridgewood $25 below the New York City citywide 1BR median of $2,425. The month's figures are based on 364 listings across 22 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,700 | −$49 (-2.8%) | −$600 (-26.1%) | $1,650 – $2,357 | 14 |
| Studio | $1,700 | −$49 (-2.8%) | −$600 (-26.1%) | $1,625 – $2,013 | 10 |
| Studio | $5,988 | +$4,238 (+242.2%) | +$3,688 (+160.3%) | $1,650 – $10,325 | 4 |
| 1BR | $2,400 | −$90 (-3.6%) | +$400 (+20.0%) | $2,000 – $2,650 | 13 |
| 1BR | $2,200 | −$290 (-11.6%) | +$200 (+10.0%) | $2,200 – $2,200 | 1 |
| 1BR | $2,650 | +$160 (+6.4%) | +$650 (+32.5%) | $2,650 – $2,650 | 3 |
| 1BR | $2,650 | +$160 (+6.4%) | +$650 (+32.5%) | $2,650 – $2,650 | 9 |
| 2BR | $2,895 | −$5 (-0.2%) | −$104 (-3.5%) | $2,500 – $3,395 | 95 |
| 2BR | $3,000 | +$100 (+3.4%) | +$1 (+0.0%) | $2,675 – $3,264 | 12 |
| 2BR | $2,655 | −$245 (-8.4%) | −$344 (-11.5%) | $2,533 – $2,778 | 2 |
| 2BR | $2,850 | −$50 (-1.7%) | −$149 (-5.0%) | $2,850 – $2,850 | 1 |
| 3BR | $2,100 | −$1,300 (-38.2%) | −$1,095 (-34.3%) | $2,100 – $2,100 | 1 |
| 3BR | $3,550 | +$150 (+4.4%) | +$355 (+11.1%) | $3,450 – $3,909 | 6 |
| 3BR | $3,188 | −$212 (-6.3%) | −$7 (-0.2%) | $2,996 – $3,369 | 10 |
| 3BR | $3,300 | −$100 (-3.0%) | +$105 (+3.3%) | $2,950 – $3,700 | 114 |
| 4BR | $4,000 | $0 (0.0%) | +$500 (+14.3%) | $3,839 – $4,775 | 10 |
| 4BR | $4,139 | +$139 (+3.5%) | +$639 (+18.3%) | $3,748 – $4,448 | 47 |
| 4BR | $4,950 | +$950 (+23.8%) | +$1,450 (+41.4%) | $4,950 – $4,950 | 1 |
| 4BR | $3,000 | −$1,000 (-25.0%) | −$500 (-14.3%) | $3,000 – $3,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Ridgewood vs. New York City — May 2024
| Bedrooms | Ridgewood Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,700 | $2,350 | −$650 (-27.7%) |
| Studio | $1,700 | $2,350 | −$650 (-27.7%) |
| Studio | $5,988 | $2,350 | +$3,638 (+154.8%) |
| 1BR | $2,400 | $2,425 | −$25 (-1.0%) |
| 1BR | $2,200 | $2,425 | −$225 (-9.3%) |
| 1BR | $2,650 | $2,425 | +$225 (+9.3%) |
| 1BR | $2,650 | $2,425 | +$225 (+9.3%) |
| 2BR | $2,895 | $2,914 | −$18 (-0.6%) |
| 2BR | $3,000 | $2,914 | +$87 (+3.0%) |
| 2BR | $2,655 | $2,914 | −$258 (-8.9%) |
| 2BR | $2,850 | $2,914 | −$63 (-2.2%) |
| 3BR | $2,100 | $3,600 | −$1,500 (-41.7%) |
| 3BR | $3,550 | $3,600 | −$50 (-1.4%) |
| 3BR | $3,188 | $3,600 | −$412 (-11.5%) |
| 3BR | $3,300 | $3,600 | −$300 (-8.3%) |
| 4BR | $4,000 | $4,250 | −$250 (-5.9%) |
| 4BR | $4,139 | $4,250 | −$111 (-2.6%) |
| 4BR | $4,950 | $4,250 | +$700 (+16.5%) |
| 4BR | $3,000 | $4,250 | −$1,250 (-29.4%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2024.