Monthly Rent Report
Sunset Park Rent Report — May 2023
Asking rents in ZIP 11220, New York City, from 65 listings.
Median 1BR rent in Sunset Park was $2,299 in May 2023, up 14.9% (+$299) from April 2023 and up 27.7% year-over-year. The middle half of 1BR listings asked between $2,045 and $2,400. That puts Sunset Park $178 below the New York City citywide 1BR median of $2,477. The month's figures are based on 65 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $2,299 | +$299 (+14.9%) | +$499 (+27.7%) | $2,045 – $2,400 | 18 |
| 1BR | $1,200 | −$800 (-40.0%) | −$600 (-33.3%) | $1,200 – $1,200 | 1 |
| 2BR | $2,600 | +$5 (+0.2%) | +$1,100 (+73.3%) | $2,400 – $2,789 | 32 |
| 2BR | $2,550 | −$45 (-1.7%) | +$1,050 (+70.0%) | $2,550 – $2,550 | 1 |
| 3BR | $2,799 | +$99 (+3.7%) | +$599 (+27.2%) | $2,799 – $3,100 | 7 |
| 3BR | $2,700 | $0 (-0.0%) | +$500 (+22.7%) | $2,650 – $2,749 | 2 |
| 4BR | $3,150 | +$400 (+14.5%) | −$650 (-17.1%) | $2,974 – $3,325 | 2 |
| 4BR | $3,150 | +$400 (+14.5%) | −$650 (-17.1%) | $2,974 – $3,325 | 2 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Sunset Park vs. New York City — May 2023
| Bedrooms | Sunset Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| 1BR | $2,299 | $2,477 | −$178 (-7.2%) |
| 1BR | $1,200 | $2,477 | −$1,277 (-51.6%) |
| 2BR | $2,600 | $2,800 | −$200 (-7.1%) |
| 2BR | $2,550 | $2,800 | −$250 (-8.9%) |
| 3BR | $2,799 | $3,225 | −$426 (-13.2%) |
| 3BR | $2,700 | $3,225 | −$525 (-16.3%) |
| 4BR | $3,150 | $4,000 | −$850 (-21.3%) |
| 4BR | $3,150 | $4,000 | −$850 (-21.3%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.