Monthly Rent Report
Sunset Park Rent Report — May 2022
Asking rents in ZIP 11220, New York City, from 30 listings.
Median 1BR rent in Sunset Park was $1,800 in May 2022, up 0.3% (+$5) from April 2022 and up 9.1% year-over-year. The middle half of 1BR listings asked between $1,755 and $2,350. That puts Sunset Park $263 below the New York City citywide 1BR median of $2,063. The month's figures are based on 30 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2022 | Vs. May 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,375 | −$820 (-37.4%) | −$225 (-14.1%) | $1,375 – $1,375 | 1 |
| 1BR | $1,800 | +$5 (+0.3%) | +$150 (+9.1%) | $1,755 – $2,350 | 26 |
| 2BR | $1,500 | −$700 (-31.8%) | −$400 (-21.1%) | $1,500 – $1,500 | 1 |
| 3BR | $2,200 | −$590 (-21.1%) | −$99 (-4.3%) | $2,200 – $2,200 | 1 |
| 4BR | $3,800 | +$500 (+15.2%) | +$800 (+26.7%) | $3,800 – $3,800 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2022. Changes compare against the nearest prior month with data.
Sunset Park vs. New York City — May 2022
| Bedrooms | Sunset Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,375 | $1,875 | −$500 (-26.7%) |
| 1BR | $1,800 | $2,063 | −$262 (-12.7%) |
| 2BR | $1,500 | $2,499 | −$999 (-40.0%) |
| 3BR | $2,200 | $2,950 | −$750 (-25.4%) |
| 4BR | $3,800 | $3,600 | +$200 (+5.6%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2022.