Monthly Rent Report
Sheepshead Bay Rent Report — May 2025
Asking rents in ZIP 11229, New York City, from 43 listings.
Median 1BR rent in Sheepshead Bay was $2,675 in May 2025, up 37.2% (+$725) from April 2025 and up 57.3% year-over-year. The middle half of 1BR listings asked between $2,511 and $2,898. That puts Sheepshead Bay $166 below the New York City citywide 1BR median of $2,841. The month's figures are based on 43 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2025 | Vs. May 2024 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,500 | −$799 (-34.8%) | −$500 (-25.0%) | $1,500 – $2,375 | 4 |
| Studio | $2,295 | −$4 (-0.2%) | +$295 (+14.8%) | $2,196 – $2,471 | 4 |
| 1BR | $2,675 | +$725 (+37.2%) | +$975 (+57.3%) | $2,511 – $2,898 | 4 |
| 1BR | $2,300 | +$350 (+17.9%) | +$600 (+35.3%) | $2,300 – $2,300 | 2 |
| 2BR | $2,750 | $0 (0.0%) | +$50 (+1.9%) | $2,700 – $2,900 | 9 |
| 2BR | $3,000 | +$250 (+9.1%) | +$300 (+11.1%) | $2,995 – $3,000 | 5 |
| 3BR | $3,150 | +$50 (+1.6%) | −$650 (-17.1%) | $3,150 – $3,150 | 1 |
| 3BR | $3,363 | +$263 (+8.5%) | −$437 (-11.5%) | $3,163 – $4,138 | 10 |
| 4BR | $4,500 | — | +$250 (+5.9%) | $4,500 – $4,500 | 2 |
Median, P25, and P75 are asking rents from listings posted in May 2025. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — May 2025
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,500 | $2,799 | −$1,299 (-46.4%) |
| Studio | $2,295 | $2,799 | −$504 (-18.0%) |
| 1BR | $2,675 | $2,841 | −$166 (-5.9%) |
| 1BR | $2,300 | $2,841 | −$541 (-19.0%) |
| 2BR | $2,750 | $3,263 | −$512 (-15.7%) |
| 2BR | $3,000 | $3,263 | −$262 (-8.0%) |
| 3BR | $3,150 | $3,777 | −$627 (-16.6%) |
| 3BR | $3,363 | $3,777 | −$414 (-11.0%) |
| 4BR | $4,500 | $4,345 | +$155 (+3.6%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in May 2025.