Brooklyn, NY Rental Market Trends
What is the average rent in Brooklyn?
The average rent for an apartment in Brooklyn is $2,785, a 5% decrease compared to the previous year.
Average Rent in Brooklyn, NY
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $2,785 | -5% | 652 sq. ft. |
What is the average apartment size in Brooklyn?
The average size for a Brooklyn, NY apartment is 652 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. 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-$1,5007%
- $1,501-$2,00018%
- > $2,00075%
Brooklyn, NY Occupied Housing Units
- Renter-occupied Households38%
- Owner-occupied Households61%
363,959 or 38% of the households in Brooklyn, NY are renter-occupied while 578,347 or 61% are owner-occupied.
Brooklyn, NY Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | May / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Brooklyn, NY | $2,676 | $2,791 | $2,759 | $2,786 | $2,924 | $2,928 | $2,948 | $2,851 | $2,633 | $2,655 | $2,785 |
| National | $1,314 | $1,345 | $1,354 | $1,358 | $1,390 | $1,397 | $1,400 | $1,392 | $1,396 | $1,407 | $1,428 |
Average Rent in Brooklyn, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Carroll Gardens | $3,839 |
| Red Hook | $3,839 |
| Greenpoint | $3,346 |
| Williamsburg | $3,204 |
| Brooklyn Navy Yard | $3,146 |
| Bushwick | $3,134 |
| Bedford-Stuyvesant | $3,023 |
| Brooklyn Heights | $3,004 |
| Cobble Hill | $3,004 |
| Columbia Street Waterfront District | $3,004 |
| Downtown Brooklyn | $3,004 |
| DUMBO | $3,004 |
| Vinegar Hill | $3,004 |
| Boerum Hill | $2,959 |
| Fort Greene | $2,957 |
| Clinton Hill | $2,926 |
| Prospect Park | $2,912 |
| Prospect Heights | $2,623 |
| Gowanus | $2,546 |
| Park Slope | $2,546 |
| Greenwood Heights | $2,510 |
| Wingate | $2,321 |
| East Flatbush | $2,224 |
| Brighton Beach | $2,170 |
| Manhattan Beach | $2,170 |
| Crown Heights | $2,130 |
| Sheepshead Bay | $2,107 |
| Prospect - Lefferts Gardens | $2,088 |
| Canarsie | $2,049 |
| Flatbush | $2,029 |
| Prospect Park South | $2,015 |
| Ditmas Park | $1,975 |
| Windsor Terrace | $1,929 |
| Borough Park | $1,880 |
| Kensington | $1,870 |
| Bath Beach | $1,869 |
| Bensonhurst | $1,869 |
| Fiske Terrace | $1,867 |
| Midwood | $1,867 |
| Gravesend | $1,861 |
| Bergen Beach | $1,788 |
| Flatlands | $1,788 |
| Floyd Bennett Field | $1,788 |
| Georgetown | $1,788 |
| Mill Basin | $1,788 |
| Old Mill Basin | $1,788 |
| Plumb Beach | $1,788 |
| Homecrest | $1,788 |
| Marine Park | $1,698 |
| Gerritsen Beach | $1,696 |
| Madison | $1,696 |
What are the most affordable neighborhoods in Brooklyn?
The most affordable neighborhoods in Brooklyn are Gerritsen Beach, where the average rent goes for $1,696/month, Madison, where renters pay $1,696/mo on average, and Marine Park, where the average rent goes for $1,698/mo. If you’re looking for other great deals, check out the listings from Homecrest ($1,788), Bergen Beach ($1,788), and Flatlands ($1,788), where the asking prices are below the average Brooklyn rent of $2,785/mo.
What are the most expensive neighborhoods in Brooklyn?
The most expensive neighborhoods in Brooklyn are Greenpoint ($3,346), Carroll Gardens ($3,839) and Red Hook ($3,839).
What are the most popular neighborhoods in Brooklyn?
The most popular neighborhood in Brooklyn is Bushwick, where there are 9 verified RENTCafé listings with an average rent of $3,134. Next up is Park Slope, where apartments go for $2,546/month, followed by Williamsburg with $3,204 If you’re looking to rent in Brooklyn’s most popular neighborhoods, make sure to also check out Clinton Hill, where renters pay $2,926 on average, and Crown Heights, where the average monthly rent is $2,130.
Brooklyn | Rent Comparison by Neighborhood
Rent in Bath Beach is 38% lower than in Bedford-Stuyvesant
Bath Beach rent is 33% lower than Brooklyn average
| Average Rent | $1,869 |
|---|
Bedford-Stuyvesant rent is 9% higher than Brooklyn average
| Average Rent | $3,023 |
|---|
How Brooklyn Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| New York City | $3,374 | -14% |
| Manhattan | $3,777 | -9% |
| Hudson Valley | $1,992 | 4% |
| Brooklyn | $2,785 | -5% |
| Jersey City | $2,739 | -8% |
| Bronx | $1,620 | n/a |
| Newark | $1,268 | 4% |
| Hoboken | $3,304 | -8% |
| Rochester | $1,113 | 4% |
| Stamford | $2,513 | 5% |
| Queens | $2,443 | -7% |