Brooklyn, NY Rental Market Trends
What is the average rent in Brooklyn?
The average rent for an apartment in Brooklyn is $3,694. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Brooklyn, NY
Last updated July 2024
| Average Rent | Average Apartment Size |
|---|---|
| $3,694 | 663 sq. ft. |
What is the average apartment size in Brooklyn?
The average size for a Brooklyn, NY apartment is 663 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
Brooklyn, NY Occupied Housing Units
660,051 or 69% of the households in Brooklyn, NY are renter-occupied while 292,469 or 31% are owner-occupied.
Brooklyn, NY rent trends
Average Rent in Brooklyn, NY By Neighborhood
| City | Average Rent |
|---|---|
| Greenpoint | $4,700 |
| Boerum Hill | $4,320 |
| Brooklyn Heights | $4,310 |
| Cobble Hill | $4,310 |
| Columbia Street Waterfront District | $4,310 |
| Downtown Brooklyn | $4,310 |
| DUMBO | $4,310 |
| Vinegar Hill | $4,310 |
| Gowanus | $4,265 |
| Park Slope | $4,265 |
| Fort Greene | $4,235 |
| Prospect Heights | $4,204 |
| Williamsburg | $4,184 |
| Brooklyn Navy Yard | $3,937 |
| Greenwood Heights | $3,749 |
| Bushwick | $3,634 |
| Bedford-Stuyvesant | $3,335 |
| Prospect Park | $3,259 |
| Wingate | $3,248 |
| Clinton Hill | $3,158 |
| Windsor Terrace | $2,867 |
| Crown Heights | $2,746 |
| Brighton Beach | $2,629 |
| Manhattan Beach | $2,629 |
| East Flatbush | $2,560 |
| Sheepshead Bay | $2,532 |
| Prospect - Lefferts Gardens | $2,470 |
| Canarsie | $2,352 |
| Flatbush | $2,263 |
| Prospect Park South | $2,250 |
| Ditmas Park | $2,206 |
| Borough Park | $2,126 |
| Kensington | $2,096 |
| Fiske Terrace | $2,088 |
| Midwood | $2,088 |
| Gravesend | $2,075 |
| Homecrest | $1,989 |
| Bath Beach | $1,914 |
| Bensonhurst | $1,914 |
| Gerritsen Beach | $1,877 |
| Madison | $1,877 |
| Marine Park | $1,877 |
| Bergen Beach | $1,830 |
| Flatlands | $1,830 |
| Floyd Bennett Field | $1,830 |
| Georgetown | $1,830 |
| Mill Basin | $1,830 |
| Old Mill Basin | $1,830 |
| Plumb Beach | $1,830 |
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What are the most affordable neighborhoods in Brooklyn?
The most affordable neighborhoods in Brooklyn are Bergen Beach, where the average rent goes for $1,830/month, Flatlands, where renters pay $1,830/mo on average, and Floyd Bennett Field, where the average rent goes for $1,830/mo. If you’re looking for other great deals, check out the listings from Georgetown ($1,830), Mill Basin ($1,830), and Old Mill Basin ($1,830), where the asking prices are below the average Brooklyn rent of $3,694/mo.
What are the most expensive neighborhoods in Brooklyn?
The most expensive neighborhoods in Brooklyn are Vinegar Hill ($4,310), Boerum Hill ($4,320) and Greenpoint ($4,700).
What are the most popular neighborhoods in Brooklyn?
The most popular neighborhood in Brooklyn is Bedford-Stuyvesant, where there are 14 listings with an average rent of $3,335. Next up is Clinton Hill, where apartments go for $3,158/month, followed by Williamsburg with $4,184 If you’re looking to rent in Brooklyn’s most popular neighborhoods, make sure to also check out Bushwick, where renters pay $3,634 on average, and Crown Heights, where the average monthly rent is $2,746.
Brooklyn | Rent Comparison by Neighborhood
Rent in Bath Beach is 43% lower than in Bedford-Stuyvesant
$1,914
Bath Beach rent is 48% lower than Brooklyn average
Average Rent
$1,914
$3,335
Bedford-Stuyvesant rent is 10% lower than Brooklyn average
Average Rent
$3,335
How Brooklyn Compares to Other Cities
| State | Average Rent |
|---|---|
| New York City | $4,566 |
| Manhattan | $4,939 |
| Hudson Valley | $2,215 |
| Jersey City | $3,722 |
| Brooklyn | $3,694 |
| Bronx | $1,891 |
| Queens | $3,051 |
| Ithaca | $2,136 |
| Buffalo | $1,394 |
| Albany | $1,701 |
| Newark | $1,557 |
| Bayonne | $2,428 |
| Poughkeepsie | $1,981 |
| Elizabeth | $1,777 |
| Syracuse | $1,601 |
| Hoboken | $4,413 |
| Long Beach | $3,277 |
| Union City | $1,924 |
| Linden | $2,021 |
| Valley Stream | $2,443 |
What is the average price for a storage unit in Brooklyn?
The average rent for a non-climate-controlled 10'x10' storage unit in Brooklyn is $349.21. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
Most Popular Apartments in Brooklyn
470 Manhattan
12 Eckford Street, Brooklyn, NY 11222| STUDIO | $3,400 |
| 1 BED | Ask for Pricing |
| 2 BEDS | Ask for Pricing |
260 Gold Street
260 Gold Street, Brooklyn, NY 11201| STUDIO | Ask for Pricing |
| 1 BED | Ask for Pricing |
| 2+ BEDS | Ask for Pricing |
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461 Dean
461 Dean Street, Brooklyn, NY 11217| STUDIO | $3,525 |
| 1 BED | $3,995 |
| 2 BEDS | Ask for Pricing |
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80 Dekalb Avenue
80 Dekalb Avenue, Brooklyn, NY 11201| STUDIO | Ask for Pricing |
| 1 BED | Ask for Pricing |