Monthly Rent Report
Sheepshead Bay Rent Report — March 2023
Asking rents in ZIP 11229, New York City, from 148 listings.
Median 1BR rent in Sheepshead Bay was $2,150 in March 2023, up 7.5% (+$150) from February 2023 and up 43.3% year-over-year. The middle half of 1BR listings asked between $1,775 and $2,400. That puts Sheepshead Bay $149 below the New York City citywide 1BR median of $2,299. The month's figures are based on 148 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,100 | −$497 (-19.1%) | −$9,275 (-81.5%) | $2,100 – $2,100 | 1 |
| Studio | $5,000 | +$2,403 (+92.5%) | −$6,375 (-56.0%) | $2,100 – $7,500 | 13 |
| 1BR | $2,150 | +$150 (+7.5%) | +$650 (+43.3%) | $1,775 – $2,400 | 18 |
| 1BR | $1,850 | −$150 (-7.5%) | +$350 (+23.3%) | $1,850 – $1,850 | 1 |
| 2BR | $2,500 | −$900 (-26.5%) | +$450 (+22.0%) | $2,411 – $2,775 | 16 |
| 2BR | $2,600 | −$800 (-23.5%) | +$550 (+26.8%) | $2,488 – $3,000 | 36 |
| 3BR | $2,900 | +$100 (+3.6%) | +$700 (+31.8%) | $2,650 – $3,200 | 22 |
| 3BR | $2,900 | +$100 (+3.6%) | +$700 (+31.8%) | $2,650 – $3,200 | 37 |
| 4BR | $2,500 | — | −$1,000 (-28.6%) | $2,500 – $2,500 | 3 |
| 4BR | $2,500 | — | −$1,000 (-28.6%) | $2,500 – $2,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — March 2023
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,100 | $2,200 | −$100 (-4.5%) |
| Studio | $5,000 | $2,200 | +$2,800 (+127.3%) |
| 1BR | $2,150 | $2,299 | −$149 (-6.5%) |
| 1BR | $1,850 | $2,299 | −$449 (-19.5%) |
| 2BR | $2,500 | $2,650 | −$150 (-5.7%) |
| 2BR | $2,600 | $2,650 | −$50 (-1.9%) |
| 3BR | $2,900 | $3,200 | −$300 (-9.4%) |
| 3BR | $2,900 | $3,200 | −$300 (-9.4%) |
| 4BR | $2,500 | $3,995 | −$1,495 (-37.4%) |
| 4BR | $2,500 | $3,995 | −$1,495 (-37.4%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in March 2023.