Monthly Rent Report
Sunset Park Rent Report — December 2023
Asking rents in ZIP 11220, New York City, from 73 listings.
Median 1BR rent in Sunset Park was $1,600 in December 2023, down 20.0% (−$400) from November 2023 and down 19.8% year-over-year. The middle half of 1BR listings asked between $1,600 and $1,600. That puts Sunset Park $800 below the New York City citywide 1BR median of $2,400. The month's figures are based on 73 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,600 | −$400 (-20.0%) | −$395 (-19.8%) | $1,600 – $1,600 | 1 |
| 1BR | $2,300 | +$300 (+15.0%) | +$305 (+15.3%) | $2,300 – $2,400 | 5 |
| 2BR | $3,100 | +$600 (+24.0%) | +$501 (+19.3%) | $3,100 – $3,100 | 1 |
| 2BR | $2,700 | +$200 (+8.0%) | +$101 (+3.9%) | $2,500 – $3,000 | 26 |
| 3BR | $3,100 | +$400 (+14.8%) | +$100 (+3.3%) | $2,999 – $3,200 | 17 |
| 3BR | $3,148 | +$448 (+16.6%) | +$148 (+4.9%) | $3,025 – $3,199 | 6 |
| 4BR | $3,800 | −$850 (-18.3%) | +$100 (+2.7%) | $3,300 – $4,650 | 8 |
| 4BR | $3,800 | −$850 (-18.3%) | +$100 (+2.7%) | $3,300 – $4,225 | 7 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Sunset Park vs. New York City — December 2023
| Bedrooms | Sunset Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,600 | $2,400 | −$800 (-33.3%) |
| 1BR | $2,300 | $2,400 | −$100 (-4.2%) |
| 2BR | $3,100 | $2,900 | +$200 (+6.9%) |
| 2BR | $2,700 | $2,900 | −$200 (-6.9%) |
| 3BR | $3,100 | $3,500 | −$400 (-11.4%) |
| 3BR | $3,148 | $3,500 | −$352 (-10.1%) |
| 4BR | $3,800 | $4,070 | −$270 (-6.6%) |
| 4BR | $3,800 | $4,070 | −$270 (-6.6%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in December 2023.