Monthly Rent Report
Sheepshead Bay Rent Report — September 2023
Asking rents in ZIP 11229, New York City, from 56 listings.
Median 1BR rent in Sheepshead Bay was $1,800 in September 2023, up 1.4% (+$25) from August 2023 and up 33.3% year-over-year. The middle half of 1BR listings asked between $1,700 and $2,400. That puts Sheepshead Bay $700 below the New York City citywide 1BR median of $2,500. The month's figures are based on 56 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,125 | −$5,875 (-73.4%) | +$550 (+34.9%) | $1,838 – $2,361 | 4 |
| 1BR | $1,800 | +$25 (+1.4%) | +$450 (+33.3%) | $1,700 – $2,400 | 5 |
| 1BR | $2,950 | +$1,175 (+66.2%) | +$1,600 (+118.5%) | $2,900 – $3,000 | 2 |
| 2BR | $3,000 | −$700 (-18.9%) | +$100 (+3.4%) | $3,000 – $3,300 | 9 |
| 2BR | $2,998 | −$702 (-19.0%) | +$98 (+3.4%) | $2,978 – $3,195 | 20 |
| 3BR | $3,575 | +$675 (+23.3%) | +$375 (+11.7%) | $3,425 – $5,325 | 14 |
| 4BR | $3,248 | −$752 (-18.8%) | −$652 (-16.7%) | $3,121 – $3,374 | 2 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — September 2023
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,125 | $2,400 | −$275 (-11.5%) |
| 1BR | $1,800 | $2,500 | −$700 (-28.0%) |
| 1BR | $2,950 | $2,500 | +$450 (+18.0%) |
| 2BR | $3,000 | $3,000 | $0 (0.0%) |
| 2BR | $2,998 | $3,000 | −$2 (-0.1%) |
| 3BR | $3,575 | $3,500 | +$75 (+2.1%) |
| 4BR | $3,248 | $4,325 | −$1,077 (-24.9%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in September 2023.