Monthly Rent Report
Sunset Park Rent Report — October 2024
Asking rents in ZIP 11220, New York City, from 20 listings.
Median 1BR rent in Sunset Park was $2,300 in October 2024, down 4.2% (−$100) from September 2024 and up 130.0% year-over-year. The middle half of 1BR listings asked between $2,300 and $2,375. That puts Sunset Park in line with the New York City citywide 1BR median of $2,306. The month's figures are based on 20 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,611 | −$539 (-25.1%) | −$789 (-32.9%) | $1,605 – $1,616 | 2 |
| 1BR | $2,300 | −$100 (-4.2%) | +$1,300 (+130.0%) | $2,300 – $2,375 | 3 |
| 1BR | $1,700 | −$700 (-29.2%) | +$700 (+70.0%) | $1,700 – $1,700 | 1 |
| 2BR | $2,500 | −$50 (-2.0%) | −$37 (-1.5%) | $2,500 – $2,800 | 7 |
| 3BR | $2,890 | +$390 (+15.6%) | −$60 (-2.0%) | $2,800 – $3,000 | 5 |
| 4BR | $3,200 | +$200 (+6.7%) | −$1,000 (-23.8%) | $3,200 – $3,200 | 1 |
| 4BR | $3,200 | +$200 (+6.7%) | −$1,000 (-23.8%) | $3,200 – $3,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Sunset Park vs. New York City — October 2024
| Bedrooms | Sunset Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,611 | $2,550 | −$939 (-36.8%) |
| 1BR | $2,300 | $2,306 | −$6 (-0.3%) |
| 1BR | $1,700 | $2,306 | −$606 (-26.3%) |
| 2BR | $2,500 | $2,914 | −$413 (-14.2%) |
| 3BR | $2,890 | $3,519 | −$629 (-17.9%) |
| 4BR | $3,200 | $4,100 | −$900 (-22.0%) |
| 4BR | $3,200 | $4,100 | −$900 (-22.0%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in October 2024.