Monthly Rent Report
Sunset Park Rent Report — May 2024
Asking rents in ZIP 11220, New York City, from 94 listings.
Median 1BR rent in Sunset Park was $1,947 in May 2024, down 13.3% (−$298) from April 2024 and up 62.3% year-over-year. The middle half of 1BR listings asked between $1,892 and $2,074. That puts Sunset Park $478 below the New York City citywide 1BR median of $2,425. The month's figures are based on 94 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,400 | −$100 (-4.0%) | — | $2,400 – $2,400 | 1 |
| Studio | $2,400 | −$100 (-4.0%) | — | $2,400 – $2,400 | 1 |
| 1BR | $1,947 | −$298 (-13.3%) | +$747 (+62.3%) | $1,892 – $2,074 | 6 |
| 1BR | $2,000 | −$245 (-10.9%) | +$800 (+66.7%) | $1,995 – $2,195 | 25 |
| 2BR | $2,500 | +$3 (+0.1%) | −$50 (-2.0%) | $2,375 – $2,800 | 35 |
| 2BR | $3,850 | +$1,353 (+54.2%) | +$1,300 (+51.0%) | $3,850 – $3,850 | 1 |
| 3BR | $2,845 | −$255 (-8.2%) | +$146 (+5.4%) | $2,799 – $3,100 | 16 |
| 3BR | $3,600 | +$500 (+16.1%) | +$901 (+33.4%) | $3,600 – $3,600 | 1 |
| 4BR | $3,500 | — | +$351 (+11.1%) | $3,500 – $3,500 | 1 |
| 4BR | $3,500 | — | +$351 (+11.1%) | $3,500 – $3,500 | 5 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Sunset Park vs. New York City — May 2024
| Bedrooms | Sunset Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,400 | $2,350 | +$50 (+2.1%) |
| Studio | $2,400 | $2,350 | +$50 (+2.1%) |
| 1BR | $1,947 | $2,425 | −$478 (-19.7%) |
| 1BR | $2,000 | $2,425 | −$425 (-17.5%) |
| 2BR | $2,500 | $2,914 | −$413 (-14.2%) |
| 2BR | $3,850 | $2,914 | +$937 (+32.1%) |
| 3BR | $2,845 | $3,600 | −$755 (-21.0%) |
| 3BR | $3,600 | $3,600 | $0 (0.0%) |
| 4BR | $3,500 | $4,250 | −$750 (-17.6%) |
| 4BR | $3,500 | $4,250 | −$750 (-17.6%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2024.