Monthly Rent Report
Sheepshead Bay Rent Report — October 2023
Asking rents in ZIP 11229, New York City, from 232 listings.
Median 1BR rent in Sheepshead Bay was $1,779 in October 2023, down 1.2% (−$21) from September 2023 and down 13.2% year-over-year. The middle half of 1BR listings asked between $1,750 and $1,800. That puts Sheepshead Bay $671 below the New York City citywide 1BR median of $2,450. The month's figures are based on 232 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,295 | +$170 (+8.0%) | +$725 (+46.2%) | $1,550 – $2,295 | 11 |
| Studio | $5,000 | +$2,875 (+135.3%) | +$3,430 (+218.5%) | $2,150 – $12,000 | 37 |
| 1BR | $1,779 | −$21 (-1.2%) | −$271 (-13.2%) | $1,750 – $1,800 | 11 |
| 1BR | $2,200 | +$400 (+22.2%) | +$150 (+7.3%) | $1,737 – $2,575 | 31 |
| 2BR | $2,825 | −$172 (-5.8%) | +$317 (+12.6%) | $2,588 – $3,213 | 24 |
| 2BR | $2,995 | −$2 (-0.1%) | +$487 (+19.4%) | $2,200 – $3,100 | 59 |
| 3BR | $3,300 | −$275 (-7.7%) | $0 (0.0%) | $3,300 – $3,400 | 17 |
| 3BR | $3,400 | −$175 (-4.9%) | +$100 (+3.0%) | $2,800 – $3,500 | 32 |
| 4BR | $3,000 | −$247 (-7.6%) | $0 (0.0%) | $3,000 – $3,000 | 1 |
| 4BR | $3,450 | +$203 (+6.2%) | +$450 (+15.0%) | $2,813 – $3,900 | 6 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — October 2023
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,295 | $2,411 | −$115 (-4.8%) |
| Studio | $5,000 | $2,411 | +$2,590 (+107.4%) |
| 1BR | $1,779 | $2,450 | −$671 (-27.4%) |
| 1BR | $2,200 | $2,450 | −$250 (-10.2%) |
| 2BR | $2,825 | $2,900 | −$75 (-2.6%) |
| 2BR | $2,995 | $2,900 | +$95 (+3.3%) |
| 3BR | $3,300 | $3,349 | −$49 (-1.5%) |
| 3BR | $3,400 | $3,349 | +$51 (+1.5%) |
| 4BR | $3,000 | $4,200 | −$1,200 (-28.6%) |
| 4BR | $3,450 | $4,200 | −$750 (-17.9%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in October 2023.