Sheepshead Bay, Brooklyn, NY Rental Market Trends
Last updated: May 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Sheepshead Bay is $2,487, a 12.61% decrease compared to the previous year, when the average rent was $2,846.
One-bedroom apartments provide 695 square feet for $2,343, balancing privacy and affordability.
Two-beedroom units at $2,702 offer 904 square feet, perfect for roommates or small families.
Average rent in Sheepshead Bay, Brooklyn, NY
Last updated: May 22, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,487 | 779 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $2,343 | 695 sq. ft. |
| 2 Beds | $2,702 | 904 sq. ft. |
| 3 Beds | n/a | n/a |
Sheepshead Bay, Brooklyn, NY rent trends
Rental prices in Sheepshead Bay, Brooklyn, NY have decreased by 12.61% over the past year. The average rent moved from $2,846 to $2,487.
What's the typical rent budget in Sheepshead Bay, Brooklyn, NY?
The largest share of rentals in Sheepshead Bay, Brooklyn, NY (40%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Sheepshead Bay, Brooklyn, NY?
15,655 or 61% of the households in Sheepshead Bay, Brooklyn, NY are renter-occupied while 10,007 or 39% are owner-occupied.
Most affordable neighborhoods in Sheepshead Bay?
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 Sheepshead Bay?
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 |
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Brooklyn | Rent Comparison by Neighborhood
Rent in Sheepshead Bay is 26% higher than in Bay Ridge
$2,487
Sheepshead Bay rent is the same as Brooklyn average
Average Rent
$2,487
$1,977
Bay Ridge rent is 20% lower than Brooklyn average
Average Rent
$1,977
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 Sheepshead Bay 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.