Monthly Rent Report
Sunset Park Rent Report — June 2023
Asking rents in ZIP 11220, New York City, from 53 listings.
Median 1BR rent in Sunset Park was $2,100 in June 2023, up 75.0% (+$900) from May 2023 and down 10.6% year-over-year. The middle half of 1BR listings asked between $2,000 and $2,275. That puts Sunset Park $388 below the New York City citywide 1BR median of $2,488. The month's figures are based on 53 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $2,100 | +$900 (+75.0%) | −$250 (-10.6%) | $2,000 – $2,275 | 13 |
| 1BR | $1,750 | +$550 (+45.8%) | −$600 (-25.5%) | $1,750 – $1,750 | 1 |
| 2BR | $2,600 | $0 (0.0%) | −$1,200 (-31.6%) | $2,198 – $2,719 | 16 |
| 2BR | $2,450 | −$150 (-5.8%) | −$1,350 (-35.5%) | $2,350 – $2,475 | 3 |
| 3BR | $2,750 | −$49 (-1.8%) | −$50 (-1.8%) | $2,750 – $2,750 | 1 |
| 3BR | $3,231 | +$432 (+15.4%) | +$431 (+15.4%) | $2,799 – $3,273 | 15 |
| 4BR | $3,950 | +$801 (+25.4%) | +$150 (+3.9%) | $3,875 – $4,025 | 2 |
| 4BR | $3,950 | +$801 (+25.4%) | +$150 (+3.9%) | $3,875 – $4,025 | 2 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Sunset Park vs. New York City — June 2023
| Bedrooms | Sunset Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| 1BR | $2,100 | $2,488 | −$387 (-15.6%) |
| 1BR | $1,750 | $2,488 | −$737 (-29.6%) |
| 2BR | $2,600 | $2,828 | −$228 (-8.1%) |
| 2BR | $2,450 | $2,828 | −$378 (-13.4%) |
| 3BR | $2,750 | $3,300 | −$550 (-16.7%) |
| 3BR | $3,231 | $3,300 | −$69 (-2.1%) |
| 4BR | $3,950 | $4,200 | −$250 (-6.0%) |
| 4BR | $3,950 | $4,200 | −$250 (-6.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in June 2023.