Monthly Rent Report
West Farms Rent Report — July 2023
Asking rents in ZIP 10460, New York City, from 32 listings.
Median 1BR rent in West Farms was $2,218 in July 2023, up 28.6% (+$494) from June 2023 and up 51.9% year-over-year. The middle half of 1BR listings asked between $2,218 and $2,218. That puts West Farms $232 below the New York City citywide 1BR median of $2,450. The month's figures are based on 32 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,900 | −$300 (-13.6%) | +$400 (+26.7%) | $1,900 – $1,900 | 1 |
| Studio | $1,900 | −$300 (-13.6%) | +$400 (+26.7%) | $1,900 – $1,900 | 2 |
| 1BR | $2,218 | +$494 (+28.6%) | +$758 (+51.9%) | $2,218 – $2,218 | 1 |
| 1BR | $2,303 | +$578 (+33.5%) | +$843 (+57.7%) | $2,218 – $2,387 | 4 |
| 2BR | $1,800 | −$699 (-28.0%) | −$760 (-29.7%) | $1,800 – $1,800 | 1 |
| 2BR | $2,500 | +$1 (+0.0%) | −$60 (-2.3%) | $2,500 – $2,550 | 4 |
| 3BR | $3,300 | +$86 (+2.7%) | +$350 (+11.9%) | $2,900 – $3,300 | 3 |
| 3BR | $3,136 | −$78 (-2.4%) | +$186 (+6.3%) | $3,050 – $3,200 | 12 |
| 4BR | $3,647 | +$201 (+5.8%) | — | $3,574 – $3,647 | 3 |
| 4BR | $3,600 | +$154 (+4.5%) | — | $3,600 – $3,600 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
West Farms vs. New York City — July 2023
| Bedrooms | West Farms Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,900 | $2,498 | −$597 (-23.9%) |
| Studio | $1,900 | $2,498 | −$597 (-23.9%) |
| 1BR | $2,218 | $2,450 | −$232 (-9.5%) |
| 1BR | $2,303 | $2,450 | −$147 (-6.0%) |
| 2BR | $1,800 | $2,800 | −$1,000 (-35.7%) |
| 2BR | $2,500 | $2,800 | −$300 (-10.7%) |
| 3BR | $3,300 | $3,400 | −$100 (-2.9%) |
| 3BR | $3,136 | $3,400 | −$264 (-7.8%) |
| 4BR | $3,647 | $4,200 | −$553 (-13.2%) |
| 4BR | $3,600 | $4,200 | −$600 (-14.3%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in July 2023.