Brooklyn, NY Rental Market Trends

Highlights

The average rent for an apartment in Brooklyn is $2,675, a 1% decrease compared to the previous year, when the average rent was $2,696.

Studio apartments in Brooklyn rent for $2,204 a month, while 1-bedroom apartments ask on average $2,508 a month; the average rent for a 2-bedroom apartment is $3,269.

Average Rent in Brooklyn, NY

Last updated Oct 2018
All rentals Studio 1 Bed 2 Beds 3 Beds
Average Rent $2,675 $2,204 $2,508 $3,269 $4,797
Y-o-Y Change -1% -2% n/a -1% -4%
Average Apartment Size 726 sq. ft. 472 sq. ft. 676 sq. ft. 923 sq. ft. 1,292 sq. ft.

The average size for a Brooklyn apartment is 726 square feet, but this number varies greatly depending on apartment type. A studio averages 472 sq. ft., while a one-bedroom apartment offers a more generous square footage: 676. 2-bedroom apartments in Brooklyn have an average size of 923 sq. ft.

Brooklyn, NY Apartment Rent Ranges

  • $701-$1,0001%
  • $1,001-$1,50025%
  • $1,501-$2,0007%
  • > $2,00067%

Brooklyn, NY Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Oct / 2018 $2,675 $2,204 $2,508 $3,269 $4,797
Jan / 2018 $2,649 $2,205 $2,500 $3,211 $4,797
Sept / 2017 $2,665 $2,190 $2,513 $3,221 $4,704
May / 2017 $2,696 $2,247 $2,515 $3,307 $4,978
Jan / 2017 $2,679 $2,239 $2,520 $3,290 $4,623
Sept / 2016 $2,742 $2,217 $2,560 $3,484 $4,879
May / 2016 $2,779 $2,271 $2,620 $3,440 $4,537
/

Average Rent in Brooklyn, NY By Neighborhood

Brooklyn Heights
$3,473
Cobble Hill
$3,473
Columbia Street Waterfront District
$3,473
Downtown Brooklyn
$3,473
DUMBO
$3,473
Vinegar Hill
$3,473
Boerum Hill
$3,457
Fort Greene
$3,400
Gowanus
$3,330
Park Slope
$3,330
Prospect Heights
$3,145
Brighton Beach
$2,183
Manhattan Beach
$2,183
Sheepshead Bay
$2,111
Prospect - Lefferts Gardens
$2,004
Flatbush
$1,998
Prospect Park South
$1,985
Ditmas Park
$1,935
Kensington
$1,834
Fiske Terrace
$1,825
Gravesend
$1,794
Midwood
$1,762
Homecrest
$1,729
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The most affordable neighborhoods in Brooklyn are Homecrest, where the average rent goes for $1,729/month, Midwood, where renters pay $1,762/mo on average, and Gravesend, where the average rent goes for $1,794/mo. If you’re looking for other great deals, check out the listings from Fiske Terrace ($1,825), Kensington ($1,834), and Ditmas Park ($1,935), where the asking prices are below the average Brooklyn rent of $2,675/mo.

The most expensive neighborhoods in Brooklyn are Downtown Brooklyn ($3,473), DUMBO ($3,473) and Vinegar Hill ($3,473).

Brooklyn | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Boerum Hill is 58% higher than in Brighton Beach

$3,457

Boerum Hill rent is 29% higher than Brooklyn average

All rentals $3,457
Studio $2,677
1 Bed $3,304
2 Beds $4,408
3 Beds $5,923
$2,183

Brighton Beach rent is 18% lower than Brooklyn average

All rentals $2,183
Studio $1,444
1 Bed $1,963
2 Beds $2,738
3 Beds $4,501

How Does Brooklyn Compare to Nearby Cities

Average Rent Y-o-Y Change
Manhattan $4,041 -2%
Bronx $2,167 28%
Rochester $923 2%
Brooklyn $2,675 -1%
Buffalo $1,103 5%
Queens $2,194 2%

For more information about the Brooklyn rental trends, check out our monthly rent report

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Brooklyn apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

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