Downtown Brooklyn, Brooklyn, NY Rental Market Trends
Last updated: May 23, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Brooklyn is $5,122, a 17.56% increase compared to the previous year, when the average rent was $4,357.
Studio Apartments at $3,910 offer the most budget-friendly option with 496 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 701 square feet for $4,909, balancing privacy and affordability.
Two-beedroom units at $7,047 offer 980 square feet, perfect for roommates or small families.
Average rent in Downtown Brooklyn, Brooklyn, NY
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $5,122 | 710 sq. ft. |
| Studio | $3,910 | 496 sq. ft. |
| 1 Bed | $4,909 | 701 sq. ft. |
| 2 Beds | $7,047 | 980 sq. ft. |
| 3 Beds | n/a | n/a |
Downtown Brooklyn, Brooklyn, NY rent trends
Rental prices in Downtown Brooklyn, Brooklyn, NY have increased by 17.56% over the past year. The average rent moved from $4,357 to $5,122.
Do most people rent or own in Downtown Brooklyn, Brooklyn, NY?
8,204 or 64% of the households in Downtown Brooklyn, Brooklyn, NY are renter-occupied while 4,594 or 36% are owner-occupied.
Most affordable neighborhoods in Downtown Brooklyn?
Brownsville $1,864/month
Midwood $1,892/month
Bay Ridge $1,977/month
All of these neighborhoods fall below the city wide average of $3,963/month.Most expensive neighborhoods in Downtown Brooklyn?
Greenpoint $5,531/month
DUMBO $5,974/month
Brooklyn Heights $6,162/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Brooklyn, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Brooklyn Heights | $6,162 |
| DUMBO | $5,974 |
| Greenpoint | $5,531 |
| Williamsburg | $5,375 |
| Downtown Brooklyn | $5,213 |
| Boerum Hill | $5,105 |
| Fort Greene | $4,976 |
| Gowanus | $4,503 |
| Prospect Heights | $4,283 |
| Crown Heights | $3,894 |
| Clinton Hill | $3,826 |
| Bedford-Stuyvesant | $3,693 |
| Coney Island | $3,475 |
| Park Slope | $3,431 |
| Bushwick | $3,381 |
| Flatbush | $3,380 |
| Windsor Terrace | $3,133 |
| Prospect Park South | $2,639 |
| Sheepshead Bay | $2,487 |
| Canarsie | $2,425 |
| Prospect - Lefferts Gardens | $2,416 |
| Kensington | $2,374 |
| Brighton Beach | $2,199 |
| East Flatbush | $2,187 |
| Gravesend | $2,107 |
| Bay Ridge | $1,977 |
| Midwood | $1,892 |
| Brownsville | $1,864 |
Brooklyn | Rent Comparison by Neighborhood
Rent in Downtown Brooklyn is 164% higher than in Bay Ridge
Downtown Brooklyn rent is 2% higher than Brooklyn average
Bay Ridge rent is 61% lower than Brooklyn average
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Downtown Brooklyn apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.