Monthly Rent Report
Sheepshead Bay Rent Report — April 2024
Asking rents in ZIP 11229, New York City, from 183 listings.
Median 1BR rent in Sheepshead Bay was $2,190 in April 2024, down 2.4% (−$55) from March 2024 and down 0.5% year-over-year. The middle half of 1BR listings asked between $1,973 and $2,650. That puts Sheepshead Bay $310 below the New York City citywide 1BR median of $2,500. The month's figures are based on 183 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,200 | +$5 (+0.2%) | −$2,050 (-48.2%) | $2,200 – $2,200 | 5 |
| Studio | $2,200 | +$5 (+0.2%) | −$2,050 (-48.2%) | $2,200 – $2,200 | 1 |
| 1BR | $2,190 | −$55 (-2.4%) | −$10 (-0.5%) | $1,973 – $2,650 | 39 |
| 1BR | $2,320 | +$75 (+3.3%) | +$120 (+5.5%) | $1,950 – $2,625 | 16 |
| 2BR | $3,000 | +$250 (+9.1%) | +$500 (+20.0%) | $2,700 – $3,250 | 26 |
| 2BR | $3,000 | +$250 (+9.1%) | +$500 (+20.0%) | $2,800 – $3,300 | 41 |
| 3BR | $3,475 | +$225 (+6.9%) | +$675 (+24.1%) | $2,969 – $4,550 | 18 |
| 3BR | $3,300 | +$50 (+1.5%) | +$500 (+17.9%) | $3,088 – $3,600 | 35 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — April 2024
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,200 | $2,491 | −$291 (-11.7%) |
| Studio | $2,200 | $2,491 | −$291 (-11.7%) |
| 1BR | $2,190 | $2,500 | −$310 (-12.4%) |
| 1BR | $2,320 | $2,500 | −$180 (-7.2%) |
| 2BR | $3,000 | $2,995 | +$5 (+0.2%) |
| 2BR | $3,000 | $2,995 | +$5 (+0.2%) |
| 3BR | $3,475 | $3,500 | −$25 (-0.7%) |
| 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 April 2024.