Monthly Rent Report
Sheepshead Bay Rent Report — April 2025
Asking rents in ZIP 11229, New York City, from 93 listings.
Median 1BR rent in Sheepshead Bay was $1,950 in April 2025, down 5.1% (−$105) from March 2025 and down 15.9% year-over-year. The middle half of 1BR listings asked between $1,815 and $2,438. That puts Sheepshead Bay $634 below the New York City citywide 1BR median of $2,584. The month's figures are based on 93 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2025 | Vs. April 2024 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,299 | +$99 (+4.5%) | +$99 (+4.5%) | $1,825 – $3,500 | 15 |
| Studio | $2,300 | +$100 (+4.5%) | +$100 (+4.5%) | $2,200 – $3,500 | 9 |
| 1BR | $1,950 | −$105 (-5.1%) | −$370 (-15.9%) | $1,815 – $2,438 | 22 |
| 1BR | $1,700 | −$355 (-17.3%) | −$620 (-26.7%) | $1,700 – $1,700 | 1 |
| 2BR | $2,750 | −$150 (-5.2%) | −$250 (-8.3%) | $2,500 – $3,150 | 23 |
| 2BR | $2,805 | −$95 (-3.3%) | −$195 (-6.5%) | $2,650 – $3,333 | 7 |
| 3BR | $3,200 | +$200 (+6.7%) | −$275 (-7.9%) | $3,000 – $3,431 | 14 |
| 3BR | $3,100 | +$100 (+3.3%) | −$375 (-10.8%) | $3,050 – $3,150 | 2 |
Median, P25, and P75 are asking rents from listings posted in April 2025. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — April 2025
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,299 | $2,725 | −$425 (-15.6%) |
| Studio | $2,300 | $2,725 | −$424 (-15.6%) |
| 1BR | $1,950 | $2,584 | −$634 (-24.5%) |
| 1BR | $1,700 | $2,584 | −$884 (-34.2%) |
| 2BR | $2,750 | $3,050 | −$300 (-9.8%) |
| 2BR | $2,805 | $3,050 | −$245 (-8.0%) |
| 3BR | $3,200 | $3,600 | −$400 (-11.1%) |
| 3BR | $3,100 | $3,600 | −$500 (-13.9%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in April 2025.