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 Aug 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
Aug / 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
$3,447
Cobble Hill
$3,447
Columbia Street Waterfront District
$3,447
Downtown Brooklyn
$3,447
DUMBO
$3,447
Vinegar Hill
$3,447
Boerum Hill
$3,426
Fort Greene
$3,370
Gowanus
$3,259
Park Slope
$3,259
Prospect Heights
$3,080
Brighton Beach
$2,141
Manhattan Beach
$2,141
Sheepshead Bay
$2,073
Prospect - Lefferts Gardens
$2,003
Flatbush
$1,997
Prospect Park South
$1,984
Ditmas Park
$1,935
Kensington
$1,834
Fiske Terrace
$1,825
Gravesend
$1,765
Midwood
$1,762
Homecrest
$1,710
/
/

The most affordable neighborhoods in Brooklyn are Homecrest, where the average rent goes for $1,710/month, Midwood, where renters pay $1,762/mo on average, and Gravesend, where the average rent goes for $1,765/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 ($3,447), DUMBO ($3,447) and Vinegar Hill ($3,447).

Brooklyn | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Boerum Hill is 60% higher than in Brighton Beach

$3,426

Boerum Hill rent is 28% higher than Brooklyn average

All rentals $3,426
Studio $2,677
1 Bed $3,307
2 Beds $4,360
3 Beds $5,923
$2,141

Brighton Beach rent is 20% lower than Brooklyn average

All rentals $2,141
Studio $1,444
1 Bed $1,963
2 Beds $2,656
3 Beds $4,501

How Does Brooklyn Compare to Nearby Cities

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

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

Cheapest Listings on RENTCafé

View more properties
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.

Other Cities