Monthly Rent Report
Sheepshead Bay Rent Report — May 2021
Asking rents in ZIP 11229, New York City, from 124 listings.
Median 1BR rent in Sheepshead Bay was $1,600 in May 2021, down 3.0% (−$49) from April 2021 and down 13.6% year-over-year. The middle half of 1BR listings asked between $1,450 and $1,650. That puts Sheepshead Bay $220 below the New York City citywide 1BR median of $1,820. The month's figures are based on 124 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2021 | Vs. May 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,495 | +$25 (+1.7%) | +$96 (+6.9%) | $1,400 – $1,560 | 9 |
| Studio | $1,525 | +$55 (+3.7%) | +$126 (+9.0%) | $1,525 – $1,525 | 2 |
| 1BR | $1,600 | −$49 (-3.0%) | −$251 (-13.6%) | $1,450 – $1,650 | 37 |
| 1BR | $1,750 | +$101 (+6.1%) | −$101 (-5.5%) | $1,750 – $1,763 | 3 |
| 2BR | $1,000 | −$1,220 (-55.0%) | −$925 (-48.1%) | $1,000 – $1,325 | 3 |
| 2BR | $1,900 | −$320 (-14.4%) | −$25 (-1.3%) | $1,605 – $2,100 | 49 |
| 3BR | $2,500 | +$203 (+8.8%) | +$350 (+16.3%) | $2,500 – $2,500 | 1 |
| 3BR | $2,375 | +$77 (+3.4%) | +$225 (+10.4%) | $2,271 – $2,399 | 12 |
| 4BR | $2,400 | −$900 (-27.3%) | — | $2,400 – $2,400 | 4 |
| 4BR | $2,400 | −$900 (-27.3%) | — | $2,400 – $2,400 | 4 |
Median, P25, and P75 are asking rents from listings posted in May 2021. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — May 2021
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,495 | $1,661 | −$166 (-10.0%) |
| Studio | $1,525 | $1,661 | −$136 (-8.2%) |
| 1BR | $1,600 | $1,820 | −$220 (-12.1%) |
| 1BR | $1,750 | $1,820 | −$70 (-3.8%) |
| 2BR | $1,000 | $2,200 | −$1,200 (-54.5%) |
| 2BR | $1,900 | $2,200 | −$300 (-13.6%) |
| 3BR | $2,500 | $2,550 | −$50 (-2.0%) |
| 3BR | $2,375 | $2,550 | −$175 (-6.9%) |
| 4BR | $2,400 | $3,400 | −$1,000 (-29.4%) |
| 4BR | $2,400 | $3,400 | −$1,000 (-29.4%) |
Citywide figure is the median of zip-level medians across 162 New York City zip codes with listings in May 2021.