Monthly Rent Report
Sunset Park Rent Report — August 2023
Asking rents in ZIP 11232, New York City, from 30 listings.
Median 1BR rent in Sunset Park was $2,400 in August 2023, up 26.3% (+$500) from July 2023 and up 8.7% year-over-year. The middle half of 1BR listings asked between $2,300 and $2,563. That puts Sunset Park $50 above the New York City citywide 1BR median of $2,350. The month's figures are based on 30 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,750 | +$450 (+19.6%) | +$351 (+14.6%) | $2,750 – $2,750 | 1 |
| Studio | $2,500 | +$200 (+8.7%) | +$101 (+4.2%) | $2,498 – $2,500 | 3 |
| 1BR | $2,400 | +$500 (+26.3%) | +$192 (+8.7%) | $2,300 – $2,563 | 4 |
| 1BR | $2,098 | +$198 (+10.4%) | −$110 (-5.0%) | $2,049 – $2,146 | 2 |
| 2BR | $2,899 | −$601 (-17.2%) | +$4 (+0.1%) | $2,899 – $2,899 | 1 |
| 2BR | $2,850 | −$650 (-18.6%) | −$45 (-1.6%) | $2,675 – $2,925 | 3 |
| 3BR | $3,400 | −$200 (-5.6%) | −$700 (-17.1%) | $3,000 – $3,600 | 15 |
| 3BR | $3,000 | −$600 (-16.7%) | −$1,100 (-26.8%) | $3,000 – $3,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Sunset Park vs. New York City — August 2023
| Bedrooms | Sunset Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,750 | $2,490 | +$260 (+10.4%) |
| Studio | $2,500 | $2,490 | +$10 (+0.4%) |
| 1BR | $2,400 | $2,350 | +$50 (+2.1%) |
| 1BR | $2,098 | $2,350 | −$252 (-10.7%) |
| 2BR | $2,899 | $2,859 | +$40 (+1.4%) |
| 2BR | $2,850 | $2,859 | −$9 (-0.3%) |
| 3BR | $3,400 | $3,413 | −$12 (-0.4%) |
| 3BR | $3,000 | $3,413 | −$412 (-12.1%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in August 2023.