Brooklyn, NY Rental Market Trends
Highlights
The average rent for an apartment in Brooklyn is $2,596, a 12% decrease compared to the previous year.
Average Rent in Brooklyn, NY
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $2,596 | -12% | 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-$2,00020%
- > $2,00073%
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 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Jan / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Brooklyn, NY | $2,695 | $2,676 | $2,791 | $2,759 | $2,786 | $2,924 | $2,928 | $2,948 | $2,851 | $2,633 | $2,596 |
| National | $1,309 | $1,311 | $1,342 | $1,351 | $1,356 | $1,388 | $1,395 | $1,397 | $1,389 | $1,392 | $1,392 |
Average Rent in Brooklyn, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Carroll Gardens | $3,839 |
| Red Hook | $3,839 |
| Greenpoint | $3,603 |
| Williamsburg | $3,304 |
| Brooklyn Navy Yard | $3,204 |
| Bushwick | $3,199 |
| Bedford-Stuyvesant | $3,016 |
| Greenwood Heights | $3,006 |
| Prospect Park | $2,959 |
| Brooklyn Heights | $2,952 |
| Cobble Hill | $2,952 |
| Columbia Street Waterfront District | $2,952 |
| Downtown Brooklyn | $2,952 |
| DUMBO | $2,952 |
| Vinegar Hill | $2,952 |
| Boerum Hill | $2,932 |
| Fort Greene | $2,930 |
| Clinton Hill | $2,904 |
| Gowanus | $2,799 |
| Park Slope | $2,799 |
| Prospect Heights | $2,778 |
| Wingate | $2,458 |
| Windsor Terrace | $2,410 |
| East Flatbush | $2,254 |
| Crown Heights | $2,220 |
| Brighton Beach | $2,200 |
| Manhattan Beach | $2,200 |
| Prospect - Lefferts Gardens | $2,145 |
| Sheepshead Bay | $2,138 |
| Canarsie | $2,077 |
| Flatbush | $2,064 |
| Prospect Park South | $2,049 |
| Ditmas Park | $2,008 |
| Borough Park | $1,908 |
| Bath Beach | $1,906 |
| Bensonhurst | $1,906 |
| Kensington | $1,900 |
| Fiske Terrace | $1,898 |
| Midwood | $1,898 |
| Gravesend | $1,894 |
| Bergen Beach | $1,824 |
| Flatlands | $1,824 |
| Floyd Bennett Field | $1,824 |
| Georgetown | $1,824 |
| Mill Basin | $1,824 |
| Old Mill Basin | $1,824 |
| Plumb Beach | $1,824 |
| Homecrest | $1,822 |
| Marine Park | $1,736 |
| Gerritsen Beach | $1,734 |
| Madison | $1,734 |
The most affordable neighborhoods in Brooklyn are Gerritsen Beach, where the average rent goes for $1,734/month, Madison, where renters pay $1,734/mo on average, and Marine Park, where the average rent goes for $1,736/mo. If you’re looking for other great deals, check out the listings from Homecrest ($1,822), Bergen Beach ($1,824), and Flatlands ($1,824), where the asking prices are below the average Brooklyn rent of $2,596/mo.
The most expensive neighborhoods in Brooklyn are Greenpoint ($3,603), Carroll Gardens ($3,839) and Red Hook ($3,839).
The most popular neighborhood in Brooklyn is Bushwick, where there are 10 verified RENTCafé listings with an average rent of $3,199. Next up is Park Slope, where apartments go for $2,799/month, followed by Williamsburg with $3,304 If you’re looking to rent in Brooklyn’s most popular neighborhoods, make sure to also check out Clinton Hill, where renters pay $2,904 on average, and Crown Heights, where the average monthly rent is $2,220.
Brooklyn | Rent Comparison by Neighborhood
Rent in Bath Beach is 37% lower than in Bedford-Stuyvesant
Bath Beach rent is 27% lower than Brooklyn average
| Average Rent | $1,906 |
|---|
Bedford-Stuyvesant rent is 16% higher than Brooklyn average
| Average Rent | $3,016 |
|---|
How Brooklyn Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| New York City | $3,526 | -10% |
| Manhattan | $3,670 | -13% |
| Hudson Valley | $1,950 | 1% |
| Brooklyn | $2,596 | -12% |
| Jersey City | $2,778 | -7% |
| Bronx | $1,658 | n/a |
| Newark | $1,240 | 2% |
| Rochester | $1,092 | 4% |
| Stamford | $2,447 | 2% |
| Albany | $1,299 | 2% |
| Queens | $2,411 | -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!