Monthly Rent Report
Sunset Park Rent Report — March 2023
Asking rents in ZIP 11220, New York City, from 125 listings.
Median 1BR rent in Sunset Park was $1,895 in March 2023, down 11.9% (−$255) from February 2023 and up 12.3% year-over-year. The middle half of 1BR listings asked between $1,750 and $2,000. That puts Sunset Park $404 below the New York City citywide 1BR median of $2,299. The month's figures are based on 125 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,600 | +$1,900 (+70.4%) | +$2,750 (+148.6%) | $2,250 – $6,000 | 10 |
| Studio | $6,000 | +$3,300 (+122.2%) | +$4,150 (+224.3%) | $3,825 – $6,000 | 3 |
| 1BR | $1,895 | −$255 (-11.9%) | +$208 (+12.3%) | $1,750 – $2,000 | 21 |
| 1BR | $1,200 | −$950 (-44.2%) | −$487 (-28.9%) | $1,200 – $1,200 | 1 |
| 2BR | $2,399 | −$50 (-2.1%) | +$399 (+20.0%) | $2,399 – $2,399 | 1 |
| 2BR | $2,500 | +$51 (+2.1%) | +$500 (+25.0%) | $2,300 – $2,850 | 48 |
| 3BR | $3,125 | −$225 (-6.7%) | +$125 (+4.2%) | $2,616 – $3,300 | 10 |
| 3BR | $2,975 | −$375 (-11.2%) | −$25 (-0.8%) | $2,616 – $3,300 | 24 |
| 4BR | $2,900 | −$900 (-23.7%) | +$300 (+11.5%) | $2,800 – $3,000 | 6 |
| 4BR | $3,800 | $0 (0.0%) | +$1,200 (+46.2%) | $3,800 – $3,800 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Sunset Park vs. New York City — March 2023
| Bedrooms | Sunset Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,600 | $2,200 | +$2,400 (+109.1%) |
| Studio | $6,000 | $2,200 | +$3,800 (+172.7%) |
| 1BR | $1,895 | $2,299 | −$404 (-17.6%) |
| 1BR | $1,200 | $2,299 | −$1,099 (-47.8%) |
| 2BR | $2,399 | $2,650 | −$251 (-9.5%) |
| 2BR | $2,500 | $2,650 | −$150 (-5.7%) |
| 3BR | $3,125 | $3,200 | −$75 (-2.3%) |
| 3BR | $2,975 | $3,200 | −$225 (-7.0%) |
| 4BR | $2,900 | $3,995 | −$1,095 (-27.4%) |
| 4BR | $3,800 | $3,995 | −$195 (-4.9%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in March 2023.