Monthly Rent Report
West Farms Rent Report — August 2023
Asking rents in ZIP 10460, New York City, from 57 listings.
Median 1BR rent in West Farms was $1,460 in August 2023, down 34.2% (−$758) from July 2023 and down 35.7% year-over-year. The middle half of 1BR listings asked between $1,460 and $1,460. That puts West Farms $890 below the New York City citywide 1BR median of $2,350. The month's figures are based on 57 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,900 | $0 (0.0%) | — | $1,900 – $1,900 | 1 |
| 1BR | $1,460 | −$758 (-34.2%) | −$809 (-35.7%) | $1,460 – $1,460 | 9 |
| 1BR | $1,460 | −$758 (-34.2%) | −$809 (-35.7%) | $1,460 – $1,460 | 2 |
| 2BR | $2,527 | +$27 (+1.1%) | +$627 (+33.0%) | $2,400 – $2,555 | 21 |
| 2BR | $2,600 | +$100 (+4.0%) | +$700 (+36.8%) | $2,550 – $2,650 | 3 |
| 3BR | $2,925 | −$375 (-11.4%) | +$300 (+11.4%) | $2,888 – $2,963 | 2 |
| 3BR | $3,200 | −$100 (-3.0%) | +$575 (+21.9%) | $3,118 – $3,214 | 14 |
| 4BR | $3,473 | −$174 (-4.8%) | +$656 (+23.3%) | $3,460 – $3,487 | 2 |
| 4BR | $3,500 | −$147 (-4.0%) | +$683 (+24.2%) | $3,500 – $3,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
West Farms vs. New York City — August 2023
| Bedrooms | West Farms Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,900 | $2,490 | −$590 (-23.7%) |
| 1BR | $1,460 | $2,350 | −$890 (-37.9%) |
| 1BR | $1,460 | $2,350 | −$890 (-37.9%) |
| 2BR | $2,527 | $2,859 | −$332 (-11.6%) |
| 2BR | $2,600 | $2,859 | −$259 (-9.1%) |
| 3BR | $2,925 | $3,413 | −$487 (-14.3%) |
| 3BR | $3,200 | $3,413 | −$212 (-6.2%) |
| 4BR | $3,473 | $4,200 | −$727 (-17.3%) |
| 4BR | $3,500 | $4,200 | −$700 (-16.7%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in August 2023.