Monthly Rent Report
Sheepshead Bay Rent Report — March 2024
Asking rents in ZIP 11229, New York City, from 156 listings.
Median 1BR rent in Sheepshead Bay was $2,245 in March 2024, up 72.7% (+$945) from February 2024 and up 21.4% year-over-year. The middle half of 1BR listings asked between $1,820 and $2,638. That puts Sheepshead Bay $254 below the New York City citywide 1BR median of $2,499. The month's figures are based on 156 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,195 | +$100 (+4.8%) | −$2,805 (-56.1%) | $2,031 – $4,500 | 11 |
| Studio | $2,148 | +$53 (+2.5%) | −$2,852 (-57.0%) | $1,967 – $4,500 | 16 |
| 1BR | $2,245 | +$945 (+72.7%) | +$395 (+21.4%) | $1,820 – $2,638 | 34 |
| 1BR | $1,895 | +$595 (+45.8%) | +$45 (+2.4%) | $1,749 – $2,190 | 20 |
| 2BR | $2,750 | −$50 (-1.8%) | +$150 (+5.8%) | $2,450 – $3,250 | 25 |
| 2BR | $3,500 | +$700 (+25.0%) | +$900 (+34.6%) | $3,500 – $3,500 | 1 |
| 3BR | $3,250 | −$350 (-9.7%) | +$350 (+12.1%) | $3,175 – $3,463 | 20 |
| 3BR | $3,300 | −$300 (-8.3%) | +$400 (+13.8%) | $3,000 – $3,500 | 25 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — March 2024
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,195 | $2,450 | −$255 (-10.4%) |
| Studio | $2,148 | $2,450 | −$302 (-12.3%) |
| 1BR | $2,245 | $2,499 | −$254 (-10.2%) |
| 1BR | $1,895 | $2,499 | −$604 (-24.2%) |
| 2BR | $2,750 | $2,995 | −$244 (-8.2%) |
| 2BR | $3,500 | $2,995 | +$506 (+16.9%) |
| 3BR | $3,250 | $3,500 | −$250 (-7.1%) |
| 3BR | $3,300 | $3,500 | −$200 (-5.7%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in March 2024.