Monthly Rent Report
Sheepshead Bay Rent Report — July 2024
Asking rents in ZIP 11229, New York City, from 84 listings.
Median 1BR rent in Sheepshead Bay was $2,100 in July 2024, up 5.8% (+$115) from June 2024 and up 0.1% year-over-year. The middle half of 1BR listings asked between $1,828 and $2,250. That puts Sheepshead Bay $400 below the New York City citywide 1BR median of $2,500. The month's figures are based on 84 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,101 | −$99 (-4.5%) | −$898 (-29.9%) | $1,862 – $3,000 | 13 |
| Studio | $3,800 | +$1,600 (+72.7%) | +$801 (+26.7%) | $2,950 – $4,650 | 2 |
| 1BR | $2,100 | +$115 (+5.8%) | +$3 (+0.1%) | $1,828 – $2,250 | 7 |
| 1BR | $2,200 | +$215 (+10.8%) | +$103 (+4.9%) | $2,200 – $2,200 | 1 |
| 2BR | $2,700 | −$100 (-3.6%) | −$1,000 (-27.0%) | $2,500 – $3,525 | 15 |
| 2BR | $2,599 | −$201 (-7.2%) | −$1,101 (-29.8%) | $2,300 – $3,000 | 33 |
| 3BR | $3,606 | −$194 (-5.1%) | +$806 (+28.8%) | $3,606 – $3,606 | 6 |
| 3BR | $3,550 | −$250 (-6.6%) | +$750 (+26.8%) | $3,525 – $3,575 | 2 |
| 4BR | $3,500 | −$500 (-12.5%) | −$500 (-12.5%) | $3,400 – $3,600 | 5 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — July 2024
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,101 | $2,800 | −$699 (-25.0%) |
| Studio | $3,800 | $2,800 | +$1,000 (+35.7%) |
| 1BR | $2,100 | $2,500 | −$400 (-16.0%) |
| 1BR | $2,200 | $2,500 | −$300 (-12.0%) |
| 2BR | $2,700 | $3,000 | −$300 (-10.0%) |
| 2BR | $2,599 | $3,000 | −$401 (-13.4%) |
| 3BR | $3,606 | $3,606 | $0 (0.0%) |
| 3BR | $3,550 | $3,606 | −$56 (-1.6%) |
| 4BR | $3,500 | $4,500 | −$1,000 (-22.2%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in July 2024.