Brooklyn, NY Rental Market Trends
Highlights
The average rent for an apartment in Brooklyn is $2,951, a 5% increase compared to the previous year.
Average Rent in Brooklyn, NY
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $2,951 | 5% | 651 sq. ft. |
The average size for a Brooklyn, NY apartment is 651 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-$2,00016%
- > $2,00077%
Brooklyn, NY Occupied Housing Units
- Renter-occupied Households38%
- Owner-occupied Households61%
359,836 or 38% of the households in Brooklyn, NY are renter-occupied while 574,789 or 61% are owner-occupied.
Brooklyn, NY Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Brooklyn, NY | $2,603 | $2,574 | $2,711 | $2,695 | $2,676 | $2,791 | $2,759 | $2,786 | $2,924 | $2,928 | $2,951 |
| National | $1,340 | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
Average Rent in Brooklyn, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Madison | $1,695 |
| Gerritsen Beach | $1,695 |
| Marine Park | $1,697 |
| Homecrest | $1,786 |
| Plumb Beach | $1,789 |
| Old Mill Basin | $1,789 |
| Mill Basin | $1,789 |
| Georgetown | $1,789 |
| Floyd Bennett Field | $1,789 |
| Flatlands | $1,789 |
| Bergen Beach | $1,789 |
| Gravesend | $1,859 |
| Midwood | $1,866 |
| Fiske Terrace | $1,866 |
| Kensington | $1,868 |
| Bensonhurst | $1,869 |
| Bath Beach | $1,869 |
| Borough Park | $1,877 |
| Ditmas Park | $1,973 |
| Prospect Park South | $2,013 |
| Flatbush | $2,027 |
| Canarsie | $2,042 |
| Sheepshead Bay | $2,156 |
| Prospect - Lefferts Gardens | $2,200 |
| East Flatbush | $2,216 |
| Manhattan Beach | $2,226 |
| Brighton Beach | $2,226 |
| Crown Heights | $2,423 |
| Windsor Terrace | $2,565 |
| Wingate | $2,854 |
| Prospect Park | $2,905 |
| Clinton Hill | $2,951 |
| Bedford-Stuyvesant | $3,042 |
| Bushwick | $3,140 |
| Greenwood Heights | $3,384 |
| Brooklyn Navy Yard | $3,433 |
| Prospect Heights | $3,468 |
| Williamsburg | $3,514 |
| Park Slope | $3,559 |
| Gowanus | $3,559 |
| Fort Greene | $3,601 |
| Boerum Hill | $3,653 |
| Vinegar Hill | $3,657 |
| DUMBO | $3,657 |
| Downtown Brooklyn | $3,657 |
| Columbia Street Waterfront District | $3,657 |
| Cobble Hill | $3,657 |
| Brooklyn Heights | $3,657 |
| Red Hook | $3,839 |
| Carroll Gardens | $3,839 |
| Greenpoint | $4,056 |
The most affordable neighborhoods in Brooklyn are Gerritsen Beach, where the average rent goes for $1,695/month, Madison, where renters pay $1,695/mo on average, and Marine Park, where the average rent goes for $1,697/mo. If you’re looking for other great deals, check out the listings from Homecrest ($1,786), Bergen Beach ($1,789), and Flatlands ($1,789), where the asking prices are below the average Brooklyn rent of $2,951/mo.
The most expensive neighborhoods in Brooklyn are Carroll Gardens ($3,839), Red Hook ($3,839) and Greenpoint ($4,056).
The most popular neighborhood in Brooklyn is Clinton Hill, where there are 7 verified RENTCafé listings with an average rent of $2,951. Next up is Crown Heights, where apartments go for $2,423/month, followed by Park Slope with $3,559 If you’re looking to rent in Brooklyn’s most popular neighborhoods, make sure to also check out Williamsburg, where renters pay $3,514 on average, and Flatbush, where the average monthly rent is $2,027.
Brooklyn | Rent Comparison by Neighborhood
Rent in Bath Beach is 39% lower than in Bedford-Stuyvesant
Bath Beach rent is 37% lower than Brooklyn average
| Average Rent | $1,869 |
|---|
Bedford-Stuyvesant rent is 3% higher than Brooklyn average
| Average Rent | $3,042 |
|---|
How Brooklyn Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| New York City | $3,902 | 3% |
| Manhattan | $4,208 | 2% |
| Jersey City | $2,986 | 2% |
| Hudson Valley | $1,924 | 3% |
| Brooklyn | $2,951 | 5% |
| Rochester | $1,059 | 3% |
| Newark | $1,218 | 3% |
| Stamford | $2,387 | 1% |
| Queens | $2,568 | 6% |
| Yonkers | $2,072 | 3% |
| Elizabeth | $1,306 | 6% |
For more information about the Brooklyn rental trends, check out our monthly rent report
Check out New York Cities, New York Neighborhoods and New York Zip Codes for more details on verified listings, including the New York Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!