Brooklyn, NY Rental Market Trends
Highlights
The average rent for an apartment in Brooklyn is $2,695, a 1% increase compared to the previous year, when the average rent was $2,665.
Average Rent in Brooklyn, NY
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $2,695 | 1% | 716 sq. ft. |
The average size for a Brooklyn, NY apartment is 716 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Brooklyn, NY Apartment Rent Ranges
- $1,001-$1,50010%
- $1,501-$2,00015%
- > $2,00074%
Brooklyn, NY Rent Trends
| Average Rent | May / 2016 | Sept / 2016 | Jan / 2017 | May / 2017 | Sept / 2017 | Jan / 2018 | May / 2018 | Mar / 2019 |
|---|---|---|---|---|---|---|---|---|
| Brooklyn, NY | $2,779 | $2,742 | $2,679 | $2,696 | $2,665 | $2,649 | $2,675 | $2,695 |
| National | $1,319 | $1,334 | $1,329 | $1,354 | $1,366 | $1,366 | $1,381 | $1,396 |
Average Rent in Brooklyn, NY By Neighborhood
| Average Rent | |||||
|---|---|---|---|---|---|
| Neighborhood | Average Rent | ||||
| Flatlands | $1,492 | ||||
| Marine Park | $1,659 | ||||
| Madison | $1,659 | ||||
| Gerritsen Beach | $1,659 | ||||
| Homecrest | $1,717 | ||||
| Bensonhurst | $1,795 | ||||
| Bath Beach | $1,795 | ||||
| Midwood | $1,825 | ||||
| Fiske Terrace | $1,825 | ||||
| Kensington | $1,839 | ||||
| Gravesend | $1,840 | ||||
| Crown Heights | $1,853 | ||||
| Borough Park | $1,898 | ||||
| Ditmas Park | $1,944 | ||||
| Prospect Park South | $1,997 | ||||
| Prospect - Lefferts Gardens | $2,009 | ||||
| Flatbush | $2,009 | ||||
| Wingate | $2,114 | ||||
| Sheepshead Bay | $2,131 | ||||
| East Flatbush | $2,178 | ||||
| Canarsie | $2,178 | ||||
| Manhattan Beach | $2,214 | ||||
| Brighton Beach | $2,214 | ||||
| Windsor Terrace | $2,361 | ||||
| Clinton Hill | $2,671 | ||||
| Bedford-Stuyvesant | $2,784 | ||||
| Prospect Park | $2,876 | ||||
| Red Hook | $2,916 | ||||
| Carroll Gardens | $2,916 | ||||
| Bushwick | $3,065 | ||||
| Brooklyn Navy Yard | $3,136 | ||||
| Gowanus | $3,247 | ||||
| Williamsburg | $3,247 | ||||
| Prospect Heights | $3,373 | ||||
| Columbia Street Waterfront District | $3,401 | ||||
| Cobble Hill | $3,401 | ||||
| Fort Greene | $3,403 | ||||
| Vinegar Hill | $3,456 | ||||
| DUMBO | $3,456 | ||||
| Downtown Brooklyn | $3,456 | ||||
| Brooklyn Heights | $3,456 | ||||
| Boerum Hill | $3,462 | ||||
| Park Slope | $3,513 | ||||
| Greenwood Heights | $3,538 | ||||
The most affordable neighborhoods in Brooklyn are Flatlands, where the average rent goes for $1,492/month, Gerritsen Beach, where renters pay $1,659/mo on average, and Madison, where the average rent goes for $1,659/mo. If you’re looking for other great deals, check out the listings from Marine Park ($1,659), Homecrest ($1,717), and Bath Beach ($1,795), where the asking prices are below the average Brooklyn rent of $2,695/mo.
The most expensive neighborhoods in Brooklyn are Boerum Hill ($3,462), Park Slope ($3,513) and Greenwood Heights ($3,538).
Brooklyn | Rent Comparison by Neighborhood
Rent in Bath Beach is 36% lower than in Bedford-Stuyvesant
Bath Beach rent is 33% lower than Brooklyn average
| Average Rent | $1,795 |
|---|
Bedford-Stuyvesant rent is 3% higher than Brooklyn average
| Average Rent | $2,784 |
|---|
How Does Brooklyn Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Manhattan | $4,188 | 2% |
| Bronx | $1,694 | n/a |
| Rochester | $957 | 5% |
| Buffalo | $1,097 | 3% |
| Brooklyn | $2,695 | 1% |
| Queens | $2,178 | n/a |
For more information about the Brooklyn rental trends, check out our monthly rent report