Monthly Rent Report
Sheepshead Bay Rent Report — April 2023
Asking rents in ZIP 11229, New York City, from 127 listings.
Median 1BR rent in Sheepshead Bay was $2,200 in April 2023, up 18.9% (+$350) from March 2023 and up 29.4% year-over-year. The middle half of 1BR listings asked between $1,750 and $2,200. That puts Sheepshead Bay $173 below the New York City citywide 1BR median of $2,373. The month's figures are based on 127 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,250 | −$750 (-15.0%) | +$2,600 (+157.6%) | $2,100 – $7,625 | 24 |
| Studio | $4,250 | −$750 (-15.0%) | +$2,600 (+157.6%) | $2,100 – $7,625 | 24 |
| 1BR | $2,200 | +$350 (+18.9%) | +$500 (+29.4%) | $1,750 – $2,200 | 15 |
| 1BR | $2,200 | +$350 (+18.9%) | +$500 (+29.4%) | $1,750 – $2,200 | 15 |
| 2BR | $2,500 | −$100 (-3.8%) | $0 (0.0%) | $2,500 – $2,563 | 16 |
| 2BR | $2,500 | −$100 (-3.8%) | $0 (0.0%) | $2,500 – $2,563 | 16 |
| 3BR | $2,500 | −$400 (-13.8%) | −$1,300 (-34.2%) | $2,500 – $2,500 | 1 |
| 3BR | $2,800 | −$100 (-3.4%) | −$1,000 (-26.3%) | $2,788 – $3,275 | 16 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — April 2023
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,250 | $2,349 | +$1,901 (+80.9%) |
| Studio | $4,250 | $2,349 | +$1,901 (+80.9%) |
| 1BR | $2,200 | $2,373 | −$172 (-7.3%) |
| 1BR | $2,200 | $2,373 | −$172 (-7.3%) |
| 2BR | $2,500 | $2,795 | −$295 (-10.6%) |
| 2BR | $2,500 | $2,795 | −$295 (-10.6%) |
| 3BR | $2,500 | $3,200 | −$700 (-21.9%) |
| 3BR | $2,800 | $3,200 | −$400 (-12.5%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in April 2023.