Monthly Rent Report
Sunset Park Rent Report — May 2020
Asking rents in ZIP 11220, New York City, from 56 listings.
Median 1BR rent in Sunset Park was $1,750 in May 2020, up 7.4% (+$120) from April 2020. The middle half of 1BR listings asked between $1,700 and $1,800. That puts Sunset Park $125 below the New York City citywide 1BR median of $1,875. The month's figures are based on 56 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2020 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,325 | −$125 (-8.6%) | — | $1,300 – $1,700 | 5 |
| Studio | $1,325 | −$125 (-8.6%) | — | $1,300 – $1,700 | 5 |
| 1BR | $1,750 | +$120 (+7.4%) | — | $1,700 – $1,800 | 3 |
| 1BR | $1,750 | +$120 (+7.4%) | — | $1,700 – $1,800 | 3 |
| 2BR | $2,100 | +$100 (+5.0%) | — | $2,000 – $2,198 | 15 |
| 2BR | $2,100 | +$100 (+5.0%) | — | $2,000 – $2,198 | 15 |
| 3BR | $2,550 | −$150 (-5.6%) | — | $2,525 – $2,650 | 3 |
| 3BR | $2,550 | −$150 (-5.6%) | — | $2,525 – $2,650 | 3 |
| 4BR | $3,300 | — | — | $3,250 – $3,350 | 2 |
| 4BR | $3,300 | — | — | $3,250 – $3,350 | 2 |
Median, P25, and P75 are asking rents from listings posted in May 2020. Changes compare against the nearest prior month with data.
Sunset Park vs. New York City — May 2020
| Bedrooms | Sunset Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,325 | $1,775 | −$450 (-25.4%) |
| Studio | $1,325 | $1,775 | −$450 (-25.4%) |
| 1BR | $1,750 | $1,875 | −$125 (-6.7%) |
| 1BR | $1,750 | $1,875 | −$125 (-6.7%) |
| 2BR | $2,100 | $2,231 | −$131 (-5.9%) |
| 2BR | $2,100 | $2,231 | −$131 (-5.9%) |
| 3BR | $2,550 | $2,526 | +$24 (+0.9%) |
| 3BR | $2,550 | $2,526 | +$24 (+0.9%) |
| 4BR | $3,300 | $3,013 | +$288 (+9.5%) |
| 4BR | $3,300 | $3,013 | +$288 (+9.5%) |
Citywide figure is the median of zip-level medians across 163 New York City zip codes with listings in May 2020.