Monthly Rent Report
Sunset Park Rent Report — August 2023
Asking rents in ZIP 11220, New York City, from 44 listings.
Median 1BR rent in Sunset Park was $2,500 in August 2023, up 25.0% (+$500) from July 2023 and up 156.4% year-over-year. The middle half of 1BR listings asked between $2,375 and $2,588. That puts Sunset Park $150 above the New York City citywide 1BR median of $2,350. The month's figures are based on 44 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,500 | +$1,147 (+84.8%) | +$825 (+49.3%) | $2,400 – $2,600 | 4 |
| Studio | $1,600 | +$247 (+18.3%) | −$75 (-4.5%) | $1,600 – $1,600 | 1 |
| 1BR | $2,500 | +$500 (+25.0%) | +$1,525 (+156.4%) | $2,375 – $2,588 | 4 |
| 1BR | $2,300 | +$300 (+15.0%) | +$1,325 (+135.9%) | $2,300 – $2,300 | 1 |
| 2BR | $3,125 | +$625 (+25.0%) | +$875 (+38.9%) | $3,125 – $3,125 | 4 |
| 2BR | $2,625 | +$125 (+5.0%) | +$375 (+16.7%) | $2,625 – $2,625 | 1 |
| 3BR | $2,875 | −$1,125 (-28.1%) | +$425 (+17.3%) | $2,813 – $2,938 | 2 |
| 3BR | $3,025 | −$975 (-24.4%) | +$575 (+23.5%) | $2,763 – $3,521 | 18 |
| 4BR | $3,300 | −$700 (-17.5%) | +$500 (+17.9%) | $3,300 – $3,300 | 1 |
| 4BR | $4,000 | $0 (0.0%) | +$1,200 (+42.9%) | $4,000 – $4,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Sunset Park vs. New York City — August 2023
| Bedrooms | Sunset Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,500 | $2,490 | +$10 (+0.4%) |
| Studio | $1,600 | $2,490 | −$890 (-35.7%) |
| 1BR | $2,500 | $2,350 | +$150 (+6.4%) |
| 1BR | $2,300 | $2,350 | −$50 (-2.1%) |
| 2BR | $3,125 | $2,859 | +$266 (+9.3%) |
| 2BR | $2,625 | $2,859 | −$234 (-8.2%) |
| 3BR | $2,875 | $3,413 | −$537 (-15.8%) |
| 3BR | $3,025 | $3,413 | −$387 (-11.4%) |
| 4BR | $3,300 | $4,200 | −$900 (-21.4%) |
| 4BR | $4,000 | $4,200 | −$200 (-4.8%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in August 2023.