Monthly Rent Report
Sunset Park Rent Report — July 2023
Asking rents in ZIP 11232, New York City, from 23 listings.
Median 1BR rent in Sunset Park was $1,900 in July 2023, down 30.9% (−$850) from June 2023 and down 32.1% year-over-year. The middle half of 1BR listings asked between $1,900 and $1,900. That puts Sunset Park $550 below the New York City citywide 1BR median of $2,450. The month's figures are based on 23 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,150 | — | −$50 (-2.3%) | $1,902 – $2,338 | 4 |
| Studio | $2,300 | — | +$100 (+4.5%) | $2,150 – $2,375 | 3 |
| 1BR | $1,900 | −$850 (-30.9%) | −$900 (-32.1%) | $1,900 – $1,900 | 1 |
| 1BR | $3,937 | +$1,187 (+43.2%) | +$1,137 (+40.6%) | $3,344 – $4,069 | 3 |
| 2BR | $3,500 | +$400 (+12.9%) | +$300 (+9.4%) | $2,500 – $4,700 | 5 |
| 2BR | $2,693 | −$407 (-13.1%) | −$507 (-15.9%) | $2,643 – $2,696 | 4 |
| 3BR | $3,600 | +$450 (+14.3%) | −$300 (-7.7%) | $3,600 – $3,600 | 1 |
| 3BR | $3,490 | +$340 (+10.8%) | −$410 (-10.5%) | $3,490 – $3,490 | 2 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Sunset Park vs. New York City — July 2023
| Bedrooms | Sunset Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,150 | $2,498 | −$347 (-13.9%) |
| Studio | $2,300 | $2,498 | −$197 (-7.9%) |
| 1BR | $1,900 | $2,450 | −$550 (-22.4%) |
| 1BR | $3,937 | $2,450 | +$1,487 (+60.7%) |
| 2BR | $3,500 | $2,800 | +$700 (+25.0%) |
| 2BR | $2,693 | $2,800 | −$107 (-3.8%) |
| 3BR | $3,600 | $3,400 | +$200 (+5.9%) |
| 3BR | $3,490 | $3,400 | +$90 (+2.7%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in July 2023.