Monthly Rent Report
Sheepshead Bay Rent Report — February 2026
Asking rents in ZIP 11229, New York City, from 15 listings.
Median 1BR rent in Sheepshead Bay was $1,200 in February 2026, down 53.8% (−$1,399) from January 2026 and down 54.7% year-over-year. The middle half of 1BR listings asked between $1,200 and $1,200. That puts Sheepshead Bay $1,700 below the New York City citywide 1BR median of $2,900. The month's figures are based on 15 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2026 | Vs. February 2025 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,850 | +$1,738 (+82.2%) | +$550 (+16.7%) | $3,850 – $3,850 | 1 |
| 1BR | $1,200 | −$1,399 (-53.8%) | −$1,450 (-54.7%) | $1,200 – $1,200 | 1 |
| 2BR | $3,100 | +$225 (+7.8%) | +$500 (+19.2%) | $2,850 – $3,500 | 6 |
| 3BR | $3,599 | −$51 (-1.4%) | +$499 (+16.1%) | $2,900 – $3,600 | 7 |
Median, P25, and P75 are asking rents from listings posted in February 2026. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — February 2026
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,850 | $2,700 | +$1,150 (+42.6%) |
| 1BR | $1,200 | $2,900 | −$1,700 (-58.6%) |
| 2BR | $3,100 | $3,393 | −$292 (-8.6%) |
| 3BR | $3,599 | $3,739 | −$139 (-3.7%) |
Citywide figure is the median of zip-level medians across 166 New York City zip codes with listings in February 2026.