Monthly Rent Report
Sunset Park Rent Report — March 2024
Asking rents in ZIP 11220, New York City, from 70 listings.
Median 1BR rent in Sunset Park was $1,995 in March 2024, down 2.0% (−$40) from February 2024 and up 66.3% year-over-year. The middle half of 1BR listings asked between $1,700 and $2,500. That puts Sunset Park $504 below the New York City citywide 1BR median of $2,499. The month's figures are based on 70 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,199 | −$225 (-9.3%) | −$2,401 (-52.2%) | $2,199 – $2,199 | 1 |
| Studio | $2,500 | +$75 (+3.1%) | −$2,100 (-45.7%) | $2,349 – $2,650 | 2 |
| 1BR | $1,995 | −$40 (-2.0%) | +$795 (+66.3%) | $1,700 – $2,500 | 11 |
| 1BR | $2,000 | −$35 (-1.7%) | +$800 (+66.7%) | $1,871 – $2,400 | 20 |
| 2BR | $2,600 | −$150 (-5.5%) | +$100 (+4.0%) | $2,495 – $2,800 | 23 |
| 2BR | $2,200 | −$550 (-20.0%) | −$300 (-12.0%) | $2,200 – $2,200 | 1 |
| 3BR | $2,900 | +$300 (+11.5%) | −$75 (-2.5%) | $2,750 – $3,100 | 4 |
| 3BR | $3,000 | +$400 (+15.4%) | +$25 (+0.8%) | $2,850 – $3,210 | 6 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Sunset Park vs. New York City — March 2024
| Bedrooms | Sunset Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,199 | $2,450 | −$251 (-10.2%) |
| Studio | $2,500 | $2,450 | +$50 (+2.0%) |
| 1BR | $1,995 | $2,499 | −$504 (-20.2%) |
| 1BR | $2,000 | $2,499 | −$499 (-20.0%) |
| 2BR | $2,600 | $2,995 | −$394 (-13.2%) |
| 2BR | $2,200 | $2,995 | −$794 (-26.5%) |
| 3BR | $2,900 | $3,500 | −$600 (-17.1%) |
| 3BR | $3,000 | $3,500 | −$500 (-14.3%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in March 2024.