Monthly Rent Report
Sheepshead Bay Rent Report — February 2024
Asking rents in ZIP 11229, New York City, from 206 listings.
Median 1BR rent in Sheepshead Bay was $1,300 in February 2024, down 89.2% (−$10,700) from January 2024 and down 35.0% year-over-year. The middle half of 1BR listings asked between $1,300 and $1,300. That puts Sheepshead Bay $1,150 below the New York City citywide 1BR median of $2,450. The month's figures are based on 206 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,095 | −$2,405 (-53.4%) | −$904 (-30.1%) | $1,570 – $3,500 | 34 |
| Studio | $2,095 | −$2,405 (-53.4%) | −$904 (-30.1%) | $1,570 – $3,500 | 34 |
| 1BR | $1,300 | −$10,700 (-89.2%) | −$700 (-35.0%) | $1,300 – $1,300 | 1 |
| 1BR | $1,980 | −$10,020 (-83.5%) | −$20 (-1.0%) | $1,800 – $2,190 | 29 |
| 2BR | $2,800 | −$1,543 (-35.5%) | +$300 (+12.0%) | $2,450 – $3,000 | 49 |
| 2BR | $2,800 | −$1,543 (-35.5%) | +$300 (+12.0%) | $2,800 – $2,800 | 1 |
| 3BR | $3,600 | +$400 (+12.5%) | +$775 (+27.4%) | $3,000 – $3,900 | 29 |
| 3BR | $3,600 | +$400 (+12.5%) | +$775 (+27.4%) | $3,000 – $3,900 | 29 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — February 2024
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,095 | $2,359 | −$264 (-11.2%) |
| Studio | $2,095 | $2,359 | −$264 (-11.2%) |
| 1BR | $1,300 | $2,450 | −$1,150 (-46.9%) |
| 1BR | $1,980 | $2,450 | −$470 (-19.2%) |
| 2BR | $2,800 | $2,979 | −$179 (-6.0%) |
| 2BR | $2,800 | $2,979 | −$179 (-6.0%) |
| 3BR | $3,600 | $3,500 | +$100 (+2.9%) |
| 3BR | $3,600 | $3,500 | +$100 (+2.9%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in February 2024.