Monthly Rent Report
Sheepshead Bay Rent Report — January 2025
Asking rents in ZIP 11229, New York City, from 141 listings.
Median 1BR rent in Sheepshead Bay was $2,000 in January 2025, up 11.1% (+$200) from December 2024 and up 42.9% year-over-year. The middle half of 1BR listings asked between $1,899 and $2,496. That puts Sheepshead Bay $500 below the New York City citywide 1BR median of $2,500. The month's figures are based on 141 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2024 | Vs. January 2024 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,750 | −$10,750 (-86.0%) | −$2,750 (-61.1%) | $1,750 – $1,775 | 5 |
| Studio | $1,750 | −$10,750 (-86.0%) | −$2,750 (-61.1%) | $1,700 – $2,094 | 26 |
| 1BR | $2,000 | +$200 (+11.1%) | +$600 (+42.9%) | $1,899 – $2,496 | 28 |
| 1BR | $2,000 | +$200 (+11.1%) | +$600 (+42.9%) | $2,000 – $2,500 | 5 |
| 2BR | $2,877 | −$423 (-12.8%) | +$77 (+2.8%) | $2,450 – $3,300 | 33 |
| 2BR | $2,750 | −$550 (-16.7%) | −$50 (-1.8%) | $2,350 – $3,449 | 4 |
| 3BR | $3,500 | $0 (0.0%) | +$300 (+9.4%) | $3,200 – $3,675 | 17 |
| 3BR | $3,500 | $0 (0.0%) | +$300 (+9.4%) | $3,200 – $3,675 | 17 |
| 4BR | $3,500 | — | +$700 (+25.0%) | $3,500 – $3,500 | 2 |
| 4BR | $3,500 | — | +$700 (+25.0%) | $3,500 – $3,500 | 2 |
Median, P25, and P75 are asking rents from listings posted in January 2025. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — January 2025
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,750 | $2,525 | −$775 (-30.7%) |
| Studio | $1,750 | $2,525 | −$775 (-30.7%) |
| 1BR | $2,000 | $2,500 | −$500 (-20.0%) |
| 1BR | $2,000 | $2,500 | −$500 (-20.0%) |
| 2BR | $2,877 | $2,900 | −$23 (-0.8%) |
| 2BR | $2,750 | $2,900 | −$150 (-5.2%) |
| 3BR | $3,500 | $3,500 | $0 (0.0%) |
| 3BR | $3,500 | $3,500 | $0 (0.0%) |
| 4BR | $3,500 | $4,100 | −$600 (-14.6%) |
| 4BR | $3,500 | $4,100 | −$600 (-14.6%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in January 2025.