Monthly Rent Report
Sunset Park Rent Report — May 2023
Asking rents in ZIP 11232, New York City, from 49 listings.
Median 1BR rent in Sunset Park was $4,063 in May 2023, up 80.6% (+$1,813) from April 2023 and up 200.9% year-over-year. The middle half of 1BR listings asked between $4,031 and $4,094. That puts Sunset Park $1,585 above the New York City citywide 1BR median of $2,477. The month's figures are based on 49 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,054 | +$354 (+13.1%) | +$854 (+38.8%) | $3,054 – $3,054 | 2 |
| Studio | $3,054 | +$354 (+13.1%) | +$854 (+38.8%) | $3,054 – $3,054 | 2 |
| 1BR | $4,063 | +$1,813 (+80.6%) | +$2,713 (+200.9%) | $4,031 – $4,094 | 2 |
| 1BR | $3,850 | +$1,600 (+71.1%) | +$2,500 (+185.2%) | $2,913 – $3,988 | 14 |
| 2BR | $3,400 | +$500 (+17.2%) | +$950 (+38.8%) | $3,400 – $3,400 | 1 |
| 2BR | $3,475 | +$575 (+19.8%) | +$1,025 (+41.8%) | $3,200 – $3,575 | 22 |
| 3BR | $4,000 | +$1,003 (+33.4%) | +$1,308 (+48.6%) | $3,435 – $4,250 | 3 |
| 3BR | $4,499 | +$1,502 (+50.1%) | +$1,807 (+67.1%) | $4,499 – $4,499 | 1 |
| 4BR | $5,000 | +$1,400 (+38.9%) | +$2,300 (+85.2%) | $5,000 – $5,000 | 1 |
| 4BR | $5,000 | +$1,400 (+38.9%) | +$2,300 (+85.2%) | $5,000 – $5,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Sunset Park vs. New York City — May 2023
| Bedrooms | Sunset Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,054 | $2,450 | +$604 (+24.7%) |
| Studio | $3,054 | $2,450 | +$604 (+24.7%) |
| 1BR | $4,063 | $2,477 | +$1,585 (+64.0%) |
| 1BR | $3,850 | $2,477 | +$1,373 (+55.4%) |
| 2BR | $3,400 | $2,800 | +$600 (+21.4%) |
| 2BR | $3,475 | $2,800 | +$675 (+24.1%) |
| 3BR | $4,000 | $3,225 | +$775 (+24.0%) |
| 3BR | $4,499 | $3,225 | +$1,274 (+39.5%) |
| 4BR | $5,000 | $4,000 | +$1,000 (+25.0%) |
| 4BR | $5,000 | $4,000 | +$1,000 (+25.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.