Monthly Rent Report
Sheepshead Bay Rent Report — June 2023
Asking rents in ZIP 11229, New York City, from 75 listings.
Median 1BR rent in Sheepshead Bay was $1,550 in June 2023, down 29.5% (−$650) from May 2023 and down 7.3% year-over-year. The middle half of 1BR listings asked between $1,550 and $1,550. That puts Sheepshead Bay $938 below the New York City citywide 1BR median of $2,488. The month's figures are based on 75 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $5,000 | −$900 (-15.3%) | +$3,015 (+151.9%) | $4,500 – $8,000 | 21 |
| Studio | $1,325 | −$4,575 (-77.5%) | −$660 (-33.2%) | $1,325 – $1,325 | 1 |
| 1BR | $1,550 | −$650 (-29.5%) | −$122 (-7.3%) | $1,550 – $1,550 | 1 |
| 1BR | $1,775 | −$425 (-19.3%) | +$103 (+6.1%) | $1,750 – $2,350 | 8 |
| 2BR | $2,700 | −$78 (-2.8%) | +$900 (+50.0%) | $2,475 – $3,344 | 11 |
| 2BR | $2,500 | −$278 (-10.0%) | +$700 (+38.9%) | $2,200 – $2,700 | 17 |
| 3BR | $2,300 | −$850 (-27.0%) | −$900 (-28.1%) | $2,300 – $2,300 | 1 |
| 3BR | $2,799 | −$351 (-11.1%) | −$401 (-12.5%) | $2,675 – $3,150 | 15 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — June 2023
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $5,000 | $2,500 | +$2,500 (+100.0%) |
| Studio | $1,325 | $2,500 | −$1,175 (-47.0%) |
| 1BR | $1,550 | $2,488 | −$937 (-37.7%) |
| 1BR | $1,775 | $2,488 | −$712 (-28.6%) |
| 2BR | $2,700 | $2,828 | −$128 (-4.5%) |
| 2BR | $2,500 | $2,828 | −$328 (-11.6%) |
| 3BR | $2,300 | $3,300 | −$1,000 (-30.3%) |
| 3BR | $2,799 | $3,300 | −$501 (-15.2%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in June 2023.