Monthly Rent Report
Sheepshead Bay Rent Report — May 2024
Asking rents in ZIP 11229, New York City, from 75 listings.
Median 1BR rent in Sheepshead Bay was $2,195 in May 2024, down 5.4% (−$125) from April 2024 and down 0.2% year-over-year. The middle half of 1BR listings asked between $2,096 and $2,500. That puts Sheepshead Bay $230 below the New York City citywide 1BR median of $2,425. The month's figures are based on 75 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,000 | −$200 (-9.1%) | −$6,187 (-75.6%) | $2,000 – $2,000 | 6 |
| Studio | $2,000 | −$200 (-9.1%) | −$6,187 (-75.6%) | $1,800 – $2,100 | 5 |
| 1BR | $2,195 | −$125 (-5.4%) | −$5 (-0.2%) | $2,096 – $2,500 | 22 |
| 1BR | $1,700 | −$620 (-26.7%) | −$500 (-22.7%) | $1,700 – $1,700 | 1 |
| 2BR | $2,750 | −$250 (-8.3%) | −$28 (-1.0%) | $2,750 – $2,750 | 1 |
| 2BR | $2,700 | −$300 (-10.0%) | −$78 (-2.8%) | $2,700 – $2,700 | 1 |
| 3BR | $3,600 | +$300 (+9.1%) | +$450 (+14.3%) | $3,200 – $3,800 | 29 |
| 3BR | $3,800 | +$500 (+15.2%) | +$650 (+20.6%) | $3,700 – $5,000 | 5 |
| 4BR | $4,250 | — | — | $4,000 – $4,500 | 4 |
| 4BR | $4,000 | — | — | $4,000 – $4,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — May 2024
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,000 | $2,350 | −$350 (-14.9%) |
| Studio | $2,000 | $2,350 | −$350 (-14.9%) |
| 1BR | $2,195 | $2,425 | −$230 (-9.5%) |
| 1BR | $1,700 | $2,425 | −$725 (-29.9%) |
| 2BR | $2,750 | $2,914 | −$163 (-5.6%) |
| 2BR | $2,700 | $2,914 | −$213 (-7.3%) |
| 3BR | $3,600 | $3,600 | $0 (0.0%) |
| 3BR | $3,800 | $3,600 | +$200 (+5.6%) |
| 4BR | $4,250 | $4,250 | $0 (0.0%) |
| 4BR | $4,000 | $4,250 | −$250 (-5.9%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2024.