Monthly Rent Report
Sunset Park Rent Report — February 2024
Asking rents in ZIP 11220, New York City, from 126 listings.
Median 1BR rent in Sunset Park was $2,035 in February 2024, down 15.2% (−$365) from January 2024 and down 5.3% year-over-year. The middle half of 1BR listings asked between $1,813 and $2,100. That puts Sunset Park $415 below the New York City citywide 1BR median of $2,450. The month's figures are based on 126 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,425 | — | −$275 (-10.2%) | $2,312 – $2,537 | 2 |
| Studio | $2,425 | — | −$275 (-10.2%) | $2,312 – $2,537 | 2 |
| 1BR | $2,035 | −$365 (-15.2%) | −$115 (-5.3%) | $1,813 – $2,100 | 22 |
| 1BR | $2,035 | −$365 (-15.2%) | −$115 (-5.3%) | $1,813 – $2,100 | 22 |
| 2BR | $2,750 | −$150 (-5.2%) | +$150 (+5.8%) | $2,550 – $3,125 | 5 |
| 2BR | $2,600 | −$300 (-10.3%) | $0 (0.0%) | $2,500 – $2,900 | 45 |
| 3BR | $2,800 | −$50 (-1.8%) | −$550 (-16.4%) | $2,600 – $3,000 | 22 |
| 3BR | $2,600 | −$250 (-8.8%) | −$750 (-22.4%) | $2,600 – $2,600 | 1 |
| 4BR | $4,200 | −$300 (-6.7%) | +$400 (+10.5%) | $4,200 – $4,200 | 3 |
| 4BR | $4,200 | −$300 (-6.7%) | +$400 (+10.5%) | $4,200 – $4,200 | 2 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Sunset Park vs. New York City — February 2024
| Bedrooms | Sunset Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,425 | $2,359 | +$66 (+2.8%) |
| Studio | $2,425 | $2,359 | +$66 (+2.8%) |
| 1BR | $2,035 | $2,450 | −$415 (-16.9%) |
| 1BR | $2,035 | $2,450 | −$415 (-16.9%) |
| 2BR | $2,750 | $2,979 | −$229 (-7.7%) |
| 2BR | $2,600 | $2,979 | −$379 (-12.7%) |
| 3BR | $2,800 | $3,500 | −$700 (-20.0%) |
| 3BR | $2,600 | $3,500 | −$900 (-25.7%) |
| 4BR | $4,200 | $4,148 | +$53 (+1.3%) |
| 4BR | $4,200 | $4,148 | +$53 (+1.3%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in February 2024.