Monthly Rent Report
Sunset Park Rent Report — January 2023
Asking rents in ZIP 11220, New York City, from 133 listings.
Median 1BR rent in Sunset Park was $1,895 in January 2023, down 5.3% (−$105) from December 2022 and down 17.6% year-over-year. The middle half of 1BR listings asked between $1,737 and $1,950. That puts Sunset Park $394 below the New York City citywide 1BR median of $2,289. The month's figures are based on 133 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2022 | Vs. January 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,800 | −$262 (-12.7%) | — | $1,625 – $1,800 | 7 |
| Studio | $1,800 | −$262 (-12.7%) | — | $1,700 – $1,800 | 3 |
| 1BR | $1,895 | −$105 (-5.3%) | −$405 (-17.6%) | $1,737 – $1,950 | 28 |
| 1BR | $800 | −$1,200 (-60.0%) | −$1,500 (-65.2%) | $800 – $800 | 1 |
| 2BR | $2,550 | −$49 (-1.9%) | +$150 (+6.3%) | $2,306 – $2,688 | 50 |
| 2BR | $2,559 | −$40 (-1.5%) | +$159 (+6.6%) | $2,387 – $2,850 | 16 |
| 3BR | $2,900 | −$600 (-17.1%) | +$355 (+13.9%) | $2,850 – $2,900 | 5 |
| 3BR | $2,900 | −$600 (-17.1%) | +$355 (+13.9%) | $2,850 – $2,975 | 11 |
| 4BR | $3,200 | −$500 (-13.5%) | +$650 (+25.5%) | $3,125 – $3,200 | 6 |
| 4BR | $3,100 | −$600 (-16.2%) | +$550 (+21.6%) | $3,100 – $3,100 | 1 |
Median, P25, and P75 are asking rents from listings posted in January 2023. Changes compare against the nearest prior month with data.
Sunset Park vs. New York City — January 2023
| Bedrooms | Sunset Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,800 | $2,197 | −$397 (-18.1%) |
| Studio | $1,800 | $2,197 | −$397 (-18.1%) |
| 1BR | $1,895 | $2,289 | −$394 (-17.2%) |
| 1BR | $800 | $2,289 | −$1,489 (-65.1%) |
| 2BR | $2,550 | $2,700 | −$150 (-5.6%) |
| 2BR | $2,559 | $2,700 | −$141 (-5.2%) |
| 3BR | $2,900 | $3,200 | −$300 (-9.4%) |
| 3BR | $2,900 | $3,200 | −$300 (-9.4%) |
| 4BR | $3,200 | $3,861 | −$661 (-17.1%) |
| 4BR | $3,100 | $3,861 | −$761 (-19.7%) |
Citywide figure is the median of zip-level medians across 173 New York City zip codes with listings in January 2023.