Monthly Rent Report
Sunset Park Rent Report — May 2024
Asking rents in ZIP 11232, New York City, from 96 listings.
Median 1BR rent in Sunset Park was $3,200 in May 2024, up 28.0% (+$700) from April 2024 and down 21.2% year-over-year. The middle half of 1BR listings asked between $2,788 and $3,200. That puts Sunset Park $775 above the New York City citywide 1BR median of $2,425. The month's figures are based on 96 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,456 | +$256 (+11.6%) | −$598 (-19.6%) | $2,400 – $3,050 | 5 |
| Studio | $2,456 | +$256 (+11.6%) | −$598 (-19.6%) | $2,400 – $3,050 | 5 |
| 1BR | $3,200 | +$700 (+28.0%) | −$862 (-21.2%) | $2,788 – $3,200 | 3 |
| 1BR | $2,750 | +$250 (+10.0%) | −$1,312 (-32.3%) | $2,400 – $3,508 | 23 |
| 2BR | $2,850 | −$549 (-16.2%) | −$625 (-18.0%) | $2,773 – $3,423 | 3 |
| 2BR | $3,050 | −$349 (-10.3%) | −$425 (-12.2%) | $2,825 – $4,013 | 28 |
| 3BR | $3,898 | +$899 (+30.0%) | −$102 (-2.6%) | $3,849 – $3,946 | 2 |
| 3BR | $3,800 | +$801 (+26.7%) | −$200 (-5.0%) | $3,500 – $4,000 | 23 |
| 4BR | $4,800 | +$800 (+20.0%) | −$200 (-4.0%) | $4,800 – $4,800 | 1 |
| 4BR | $4,800 | +$800 (+20.0%) | −$200 (-4.0%) | $4,800 – $4,800 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Sunset Park vs. New York City — May 2024
| Bedrooms | Sunset Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,456 | $2,350 | +$106 (+4.5%) |
| Studio | $2,456 | $2,350 | +$106 (+4.5%) |
| 1BR | $3,200 | $2,425 | +$775 (+32.0%) |
| 1BR | $2,750 | $2,425 | +$325 (+13.4%) |
| 2BR | $2,850 | $2,914 | −$63 (-2.2%) |
| 2BR | $3,050 | $2,914 | +$137 (+4.7%) |
| 3BR | $3,898 | $3,600 | +$298 (+8.3%) |
| 3BR | $3,800 | $3,600 | +$200 (+5.6%) |
| 4BR | $4,800 | $4,250 | +$550 (+12.9%) |
| 4BR | $4,800 | $4,250 | +$550 (+12.9%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2024.