Monthly Rent Report
Sunset Park Rent Report — October 2023
Asking rents in ZIP 11220, New York City, from 86 listings.
Median 1BR rent in Sunset Park was $1,000 in October 2023, down 45.9% (−$850) from September 2023 and down 52.3% year-over-year. The middle half of 1BR listings asked between $1,000 and $1,000. That puts Sunset Park $1,450 below the New York City citywide 1BR median of $2,450. The month's figures are based on 86 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,400 | +$150 (+6.7%) | +$295 (+14.0%) | $2,400 – $2,400 | 1 |
| Studio | $2,400 | +$150 (+6.7%) | +$295 (+14.0%) | $2,400 – $2,400 | 3 |
| 1BR | $1,000 | −$850 (-45.9%) | −$1,097 (-52.3%) | $1,000 – $1,000 | 1 |
| 1BR | $2,295 | +$445 (+24.1%) | +$198 (+9.4%) | $1,999 – $2,296 | 8 |
| 2BR | $3,000 | +$501 (+20.0%) | −$650 (-17.8%) | $2,800 – $3,600 | 10 |
| 2BR | $2,538 | +$38 (+1.5%) | −$1,112 (-30.5%) | $2,400 – $3,100 | 34 |
| 3BR | $2,950 | −$437 (-12.9%) | −$200 (-6.3%) | $2,925 – $3,394 | 19 |
| 3BR | $3,100 | −$287 (-8.5%) | −$50 (-1.6%) | $3,100 – $3,100 | 3 |
| 4BR | $4,200 | — | +$1,200 (+40.0%) | $4,200 – $4,313 | 4 |
| 4BR | $4,200 | — | +$1,200 (+40.0%) | $4,200 – $4,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Sunset Park vs. New York City — October 2023
| Bedrooms | Sunset Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,400 | $2,411 | −$10 (-0.4%) |
| Studio | $2,400 | $2,411 | −$10 (-0.4%) |
| 1BR | $1,000 | $2,450 | −$1,450 (-59.2%) |
| 1BR | $2,295 | $2,450 | −$155 (-6.3%) |
| 2BR | $3,000 | $2,900 | +$100 (+3.4%) |
| 2BR | $2,538 | $2,900 | −$362 (-12.5%) |
| 3BR | $2,950 | $3,349 | −$399 (-11.9%) |
| 3BR | $3,100 | $3,349 | −$249 (-7.4%) |
| 4BR | $4,200 | $4,200 | $0 (0.0%) |
| 4BR | $4,200 | $4,200 | $0 (0.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in October 2023.