Monthly Rent Report
Sunset Park Rent Report — July 2024
Asking rents in ZIP 11220, New York City, from 57 listings.
Median 1BR rent in Sunset Park was $1,950 in July 2024, down 7.1% (−$150) from June 2024 and down 14.3% year-over-year. The middle half of 1BR listings asked between $1,925 and $2,175. That puts Sunset Park $550 below the New York City citywide 1BR median of $2,500. The month's figures are based on 57 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,975 | −$50 (-2.5%) | +$622 (+46.0%) | $1,975 – $1,975 | 1 |
| Studio | $1,406 | −$619 (-30.6%) | +$53 (+3.9%) | $1,406 – $1,406 | 1 |
| 1BR | $1,950 | −$150 (-7.1%) | −$325 (-14.3%) | $1,925 – $2,175 | 3 |
| 1BR | $1,200 | −$900 (-42.9%) | −$1,075 (-47.3%) | $1,200 – $1,200 | 1 |
| 2BR | $2,856 | −$444 (-13.5%) | +$156 (+5.8%) | $2,619 – $3,375 | 24 |
| 2BR | $2,557 | −$743 (-22.5%) | −$143 (-5.3%) | $2,400 – $2,978 | 9 |
| 3BR | $2,900 | +$10 (+0.3%) | −$1,100 (-27.5%) | $2,848 – $2,948 | 3 |
| 3BR | $3,000 | +$110 (+3.8%) | −$1,000 (-25.0%) | $3,000 – $3,600 | 11 |
| 4BR | $3,000 | $0 (0.0%) | −$1,000 (-25.0%) | $3,000 – $3,000 | 1 |
| 4BR | $4,350 | +$1,350 (+45.0%) | +$350 (+8.8%) | $4,350 – $4,350 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Sunset Park vs. New York City — July 2024
| Bedrooms | Sunset Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,975 | $2,800 | −$825 (-29.5%) |
| Studio | $1,406 | $2,800 | −$1,394 (-49.8%) |
| 1BR | $1,950 | $2,500 | −$550 (-22.0%) |
| 1BR | $1,200 | $2,500 | −$1,300 (-52.0%) |
| 2BR | $2,856 | $3,000 | −$144 (-4.8%) |
| 2BR | $2,557 | $3,000 | −$443 (-14.8%) |
| 3BR | $2,900 | $3,606 | −$706 (-19.6%) |
| 3BR | $3,000 | $3,606 | −$606 (-16.8%) |
| 4BR | $3,000 | $4,500 | −$1,500 (-33.3%) |
| 4BR | $4,350 | $4,500 | −$150 (-3.3%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in July 2024.