Monthly Rent Report
Sheepshead Bay Rent Report — July 2025
Asking rents in ZIP 11229, New York City, from 75 listings.
Median 1BR rent in Sheepshead Bay was $2,100 in July 2025, down 4.5% (−$100) from June 2025 and down 4.5% year-over-year. The middle half of 1BR listings asked between $2,100 and $2,175. That puts Sheepshead Bay $494 below the New York City citywide 1BR median of $2,594. The month's figures are based on 75 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2025 | Vs. July 2024 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,000 | −$3,000 (-60.0%) | −$1,800 (-47.4%) | $2,000 – $5,000 | 5 |
| Studio | $3,500 | −$1,500 (-30.0%) | −$300 (-7.9%) | $2,000 – $5,000 | 10 |
| 1BR | $2,100 | −$100 (-4.5%) | −$100 (-4.5%) | $2,100 – $2,175 | 14 |
| 1BR | $2,150 | −$50 (-2.3%) | −$50 (-2.3%) | $2,150 – $2,150 | 1 |
| 2BR | $2,900 | +$500 (+20.8%) | +$301 (+11.6%) | $2,900 – $2,900 | 1 |
| 2BR | $2,900 | +$500 (+20.8%) | +$301 (+11.6%) | $2,400 – $3,000 | 21 |
| 3BR | $3,400 | −$100 (-2.9%) | −$150 (-4.2%) | $2,925 – $3,600 | 14 |
| 3BR | $3,300 | −$200 (-5.7%) | −$250 (-7.0%) | $3,000 – $3,500 | 9 |
Median, P25, and P75 are asking rents from listings posted in July 2025. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — July 2025
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,000 | $2,684 | −$684 (-25.5%) |
| Studio | $3,500 | $2,684 | +$816 (+30.4%) |
| 1BR | $2,100 | $2,594 | −$493 (-19.0%) |
| 1BR | $2,150 | $2,594 | −$443 (-17.1%) |
| 2BR | $2,900 | $3,100 | −$200 (-6.5%) |
| 2BR | $2,900 | $3,100 | −$200 (-6.5%) |
| 3BR | $3,400 | $3,777 | −$377 (-10.0%) |
| 3BR | $3,300 | $3,777 | −$477 (-12.6%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in July 2025.