Monthly Rent Report
Sheepshead Bay Rent Report — March 2025
Asking rents in ZIP 11229, New York City, from 193 listings.
Median 1BR rent in Sheepshead Bay was $2,495 in March 2025, down 5.8% (−$155) from February 2025 and up 11.1% year-over-year. The middle half of 1BR listings asked between $2,495 and $2,495. That puts Sheepshead Bay in line with the New York City citywide 1BR median of $2,500. The month's figures are based on 193 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2025 | Vs. March 2024 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,052 | −$1,248 (-37.8%) | −$143 (-6.5%) | $1,750 – $2,300 | 21 |
| Studio | $2,200 | −$1,100 (-33.3%) | +$5 (+0.2%) | $2,000 – $3,300 | 13 |
| 1BR | $2,495 | −$155 (-5.8%) | +$250 (+11.1%) | $2,495 – $2,495 | 2 |
| 1BR | $2,055 | −$595 (-22.5%) | −$190 (-8.5%) | $1,895 – $2,500 | 32 |
| 2BR | $2,900 | +$300 (+11.5%) | +$150 (+5.5%) | $2,513 – $3,200 | 38 |
| 2BR | $2,900 | +$300 (+11.5%) | +$150 (+5.5%) | $2,625 – $3,000 | 27 |
| 3BR | $3,000 | −$250 (-7.7%) | −$250 (-7.7%) | $2,900 – $3,200 | 22 |
| 3BR | $3,000 | −$250 (-7.7%) | −$250 (-7.7%) | $2,900 – $3,050 | 28 |
| 4BR | $4,000 | +$500 (+14.3%) | — | $4,000 – $4,000 | 5 |
| 4BR | $4,000 | +$500 (+14.3%) | — | $4,000 – $4,000 | 5 |
Median, P25, and P75 are asking rents from listings posted in March 2025. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — March 2025
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,052 | $2,514 | −$461 (-18.4%) |
| Studio | $2,200 | $2,514 | −$313 (-12.5%) |
| 1BR | $2,495 | $2,500 | −$5 (-0.2%) |
| 1BR | $2,055 | $2,500 | −$445 (-17.8%) |
| 2BR | $2,900 | $2,938 | −$37 (-1.3%) |
| 2BR | $2,900 | $2,938 | −$37 (-1.3%) |
| 3BR | $3,000 | $3,600 | −$600 (-16.7%) |
| 3BR | $3,000 | $3,600 | −$600 (-16.7%) |
| 4BR | $4,000 | $4,400 | −$400 (-9.1%) |
| 4BR | $4,000 | $4,400 | −$400 (-9.1%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in March 2025.