Monthly Rent Report
Sheepshead Bay Rent Report — June 2024
Asking rents in ZIP 11229, New York City, from 202 listings.
Median 1BR rent in Sheepshead Bay was $1,985 in June 2024, up 16.8% (+$285) from May 2024 and up 28.1% year-over-year. The middle half of 1BR listings asked between $1,825 and $2,425. That puts Sheepshead Bay $465 below the New York City citywide 1BR median of $2,450. The month's figures are based on 202 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $5,500 | +$3,500 (+175.0%) | +$500 (+10.0%) | $5,500 – $5,500 | 1 |
| Studio | $2,200 | +$200 (+10.0%) | −$2,800 (-56.0%) | $1,850 – $4,500 | 27 |
| 1BR | $1,985 | +$285 (+16.8%) | +$435 (+28.1%) | $1,825 – $2,425 | 16 |
| 1BR | $1,995 | +$295 (+17.4%) | +$445 (+28.7%) | $1,841 – $2,550 | 19 |
| 2BR | $2,400 | −$300 (-11.1%) | −$100 (-4.0%) | $2,400 – $2,400 | 1 |
| 2BR | $2,800 | +$100 (+3.7%) | +$300 (+12.0%) | $2,550 – $3,100 | 82 |
| 3BR | $3,850 | +$250 (+6.9%) | +$1,550 (+67.4%) | $3,850 – $3,850 | 1 |
| 3BR | $3,800 | +$200 (+5.6%) | +$1,500 (+65.2%) | $3,250 – $4,500 | 49 |
| 4BR | $4,000 | $0 (0.0%) | — | $4,000 – $4,000 | 2 |
| 4BR | $4,000 | $0 (0.0%) | — | $4,000 – $4,000 | 2 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — June 2024
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $5,500 | $2,440 | +$3,060 (+125.4%) |
| Studio | $2,200 | $2,440 | −$240 (-9.8%) |
| 1BR | $1,985 | $2,450 | −$465 (-19.0%) |
| 1BR | $1,995 | $2,450 | −$455 (-18.6%) |
| 2BR | $2,400 | $2,900 | −$500 (-17.2%) |
| 2BR | $2,800 | $2,900 | −$100 (-3.4%) |
| 3BR | $3,850 | $3,600 | +$250 (+6.9%) |
| 3BR | $3,800 | $3,600 | +$200 (+5.6%) |
| 4BR | $4,000 | $4,256 | −$256 (-6.0%) |
| 4BR | $4,000 | $4,256 | −$256 (-6.0%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in June 2024.