Monthly Rent Report
Sunset Park Rent Report — March 2023
Asking rents in ZIP 11232, New York City, from 81 listings.
Median 1BR rent in Sunset Park was $1,575 in March 2023, down 26.7% (−$575) from February 2023 and down 25.0% year-over-year. The middle half of 1BR listings asked between $1,575 and $1,575. That puts Sunset Park $724 below the New York City citywide 1BR median of $2,299. The month's figures are based on 81 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,575 | −$575 (-26.7%) | −$525 (-25.0%) | $1,575 – $1,575 | 1 |
| 1BR | $2,200 | +$50 (+2.3%) | +$100 (+4.8%) | $2,100 – $2,484 | 18 |
| 2BR | $2,850 | −$445 (-13.5%) | +$550 (+23.9%) | $2,400 – $3,200 | 48 |
| 2BR | $2,600 | −$695 (-21.1%) | +$300 (+13.0%) | $2,600 – $2,600 | 1 |
| 3BR | $2,995 | −$455 (-13.2%) | −$905 (-23.2%) | $2,950 – $3,000 | 7 |
| 3BR | $2,573 | −$877 (-25.4%) | −$1,327 (-34.0%) | $2,361 – $2,784 | 2 |
| 4BR | $3,995 | — | — | $3,995 – $3,995 | 2 |
| 4BR | $3,995 | — | — | $3,995 – $3,995 | 2 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Sunset Park vs. New York City — March 2023
| Bedrooms | Sunset Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,575 | $2,299 | −$724 (-31.5%) |
| 1BR | $2,200 | $2,299 | −$99 (-4.3%) |
| 2BR | $2,850 | $2,650 | +$200 (+7.5%) |
| 2BR | $2,600 | $2,650 | −$50 (-1.9%) |
| 3BR | $2,995 | $3,200 | −$205 (-6.4%) |
| 3BR | $2,573 | $3,200 | −$627 (-19.6%) |
| 4BR | $3,995 | $3,995 | $0 (0.0%) |
| 4BR | $3,995 | $3,995 | $0 (0.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in March 2023.