Monthly Rent Report
Sunset Park Rent Report — July 2023
Asking rents in ZIP 11220, New York City, from 34 listings.
Median 1BR rent in Sunset Park was $2,275 in July 2023, up 30.0% (+$525) from June 2023 and up 8.3% year-over-year. The middle half of 1BR listings asked between $1,900 and $2,350. That puts Sunset Park $175 below the New York City citywide 1BR median of $2,450. The month's figures are based on 34 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,353 | — | −$447 (-24.8%) | $1,353 – $1,353 | 1 |
| Studio | $1,353 | — | −$447 (-24.8%) | $1,353 – $1,353 | 1 |
| 1BR | $2,275 | +$525 (+30.0%) | +$175 (+8.3%) | $1,900 – $2,350 | 5 |
| 1BR | $2,000 | +$250 (+14.3%) | −$100 (-4.8%) | $1,938 – $2,125 | 8 |
| 2BR | $2,500 | −$100 (-3.8%) | −$495 (-16.5%) | $2,450 – $2,850 | 5 |
| 2BR | $2,700 | +$100 (+3.8%) | −$295 (-9.8%) | $2,700 – $2,700 | 5 |
| 3BR | $3,200 | −$31 (-1.0%) | +$500 (+18.5%) | $3,200 – $3,200 | 1 |
| 3BR | $4,000 | +$769 (+23.8%) | +$1,300 (+48.1%) | $3,900 – $4,100 | 2 |
| 4BR | $4,000 | +$50 (+1.3%) | +$1,200 (+42.9%) | $4,000 – $4,000 | 1 |
| 4BR | $4,000 | +$50 (+1.3%) | +$1,200 (+42.9%) | $4,000 – $4,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Sunset Park vs. New York City — July 2023
| Bedrooms | Sunset Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,353 | $2,498 | −$1,144 (-45.8%) |
| Studio | $1,353 | $2,498 | −$1,144 (-45.8%) |
| 1BR | $2,275 | $2,450 | −$175 (-7.1%) |
| 1BR | $2,000 | $2,450 | −$450 (-18.4%) |
| 2BR | $2,500 | $2,800 | −$300 (-10.7%) |
| 2BR | $2,700 | $2,800 | −$100 (-3.6%) |
| 3BR | $3,200 | $3,400 | −$200 (-5.9%) |
| 3BR | $4,000 | $3,400 | +$600 (+17.7%) |
| 4BR | $4,000 | $4,200 | −$200 (-4.8%) |
| 4BR | $4,000 | $4,200 | −$200 (-4.8%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in July 2023.