Monthly Rent Report
Sunset Park Rent Report — September 2023
Asking rents in ZIP 11220, New York City, from 59 listings.
Median 1BR rent in Sunset Park was $1,850 in September 2023, down 19.6% (−$450) from August 2023 and down 19.6% year-over-year. The middle half of 1BR listings asked between $1,850 and $1,850. That puts Sunset Park $650 below the New York City citywide 1BR median of $2,500. The month's figures are based on 59 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,250 | +$650 (+40.6%) | +$339 (+17.7%) | $2,175 – $2,325 | 2 |
| 1BR | $1,850 | −$450 (-19.6%) | −$450 (-19.6%) | $1,850 – $1,850 | 2 |
| 1BR | $2,049 | −$251 (-10.9%) | −$251 (-10.9%) | $1,807 – $2,237 | 10 |
| 2BR | $2,500 | −$125 (-4.8%) | +$50 (+2.0%) | $2,400 – $2,763 | 20 |
| 3BR | $3,387 | +$362 (+12.0%) | +$187 (+5.8%) | $3,150 – $3,495 | 15 |
| 3BR | $3,150 | +$125 (+4.1%) | −$50 (-1.6%) | $3,000 – $3,150 | 9 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Sunset Park vs. New York City — September 2023
| Bedrooms | Sunset Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,250 | $2,400 | −$150 (-6.3%) |
| 1BR | $1,850 | $2,500 | −$650 (-26.0%) |
| 1BR | $2,049 | $2,500 | −$451 (-18.0%) |
| 2BR | $2,500 | $3,000 | −$500 (-16.7%) |
| 3BR | $3,387 | $3,500 | −$113 (-3.2%) |
| 3BR | $3,150 | $3,500 | −$350 (-10.0%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in September 2023.