Monthly Rent Report
Sheepshead Bay Rent Report — December 2023
Asking rents in ZIP 11229, New York City, from 24 listings.
Median 1BR rent in Sheepshead Bay was $1,795 in December 2023, up 19.7% (+$295) from November 2023 and up 5.9% year-over-year. The middle half of 1BR listings asked between $1,773 and $1,795. That puts Sheepshead Bay $605 below the New York City citywide 1BR median of $2,400. The month's figures are based on 24 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,500 | −$6,000 (-63.2%) | +$1,405 (+67.1%) | $3,500 – $3,500 | 2 |
| Studio | $3,500 | −$6,000 (-63.2%) | +$1,405 (+67.1%) | $3,500 – $3,500 | 4 |
| 1BR | $1,795 | +$295 (+19.7%) | +$100 (+5.9%) | $1,773 – $1,795 | 3 |
| 1BR | $1,795 | +$295 (+19.7%) | +$100 (+5.9%) | $1,773 – $1,795 | 3 |
| 2BR | $3,650 | +$1,150 (+46.0%) | +$961 (+35.7%) | $3,650 – $3,650 | 2 |
| 2BR | $3,650 | +$1,150 (+46.0%) | +$961 (+35.7%) | $3,650 – $3,650 | 4 |
| 3BR | $3,100 | −$475 (-13.3%) | +$300 (+10.7%) | $3,100 – $3,100 | 1 |
| 3BR | $3,100 | −$475 (-13.3%) | +$300 (+10.7%) | $3,100 – $3,100 | 1 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — December 2023
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,500 | $2,362 | +$1,138 (+48.2%) |
| Studio | $3,500 | $2,362 | +$1,138 (+48.2%) |
| 1BR | $1,795 | $2,400 | −$605 (-25.2%) |
| 1BR | $1,795 | $2,400 | −$605 (-25.2%) |
| 2BR | $3,650 | $2,900 | +$750 (+25.9%) |
| 2BR | $3,650 | $2,900 | +$750 (+25.9%) |
| 3BR | $3,100 | $3,500 | −$400 (-11.4%) |
| 3BR | $3,100 | $3,500 | −$400 (-11.4%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in December 2023.