Brooklyn, NY Rental Market Trends
What is the average rent in Brooklyn?
The average rent for an apartment in Brooklyn is $3,558. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Brooklyn, NY
Last updated November 2023
| Average Rent | Average Apartment Size |
|---|---|
| $3,558 | 660 sq. ft. |
What is the average apartment size in Brooklyn?
The average size for a Brooklyn, NY apartment is 660 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
Brooklyn, NY Occupied Housing Units
671,726 or 70% of the households in Brooklyn, NY are renter-occupied while 292,300 or 30% are owner-occupied.
Brooklyn, NY rent trends
Average Rent in Brooklyn, NY By Neighborhood
| City | Average Rent |
|---|---|
| Greenpoint | $4,811 |
| Downtown Brooklyn | $4,175 |
| DUMBO | $4,175 |
| Vinegar Hill | $4,175 |
| Gowanus | $4,105 |
| Park Slope | $4,105 |
| Fort Greene | $4,099 |
| Prospect Heights | $4,044 |
| Williamsburg | $4,011 |
| Greenwood Heights | $3,629 |
| Bushwick | $3,417 |
| Bedford-Stuyvesant | $3,182 |
| Clinton Hill | $3,052 |
| Windsor Terrace | $2,773 |
| Crown Heights | $2,667 |
| East Flatbush | $2,454 |
| Sheepshead Bay | $2,451 |
| Prospect - Lefferts Gardens | $2,396 |
| Canarsie | $2,256 |
| Flatbush | $2,194 |
| Prospect Park South | $2,181 |
| Ditmas Park | $2,134 |
| Borough Park | $2,053 |
| Kensington | $2,019 |
| Midwood | $2,010 |
| Gravesend | $2,009 |
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What are the most affordable neighborhoods in Brooklyn?
The most affordable neighborhoods in Brooklyn are Gravesend, where the average rent goes for $2,009/month, Midwood, where renters pay $2,010/mo on average, and Kensington, where the average rent goes for $2,019/mo. If you’re looking for other great deals, check out the listings from Borough Park ($2,053), Ditmas Park ($2,134), and Prospect Park South ($2,181), where the asking prices are below the average Brooklyn rent of $3,558/mo.
What are the most expensive neighborhoods in Brooklyn?
The most expensive neighborhoods in Brooklyn are DUMBO ($4,175), Vinegar Hill ($4,175) and Greenpoint ($4,811).
What are the most popular neighborhoods in Brooklyn?
The most popular neighborhood in Brooklyn is Bushwick, where there are 7 listings with an average rent of $3,417. Next up is Williamsburg, where apartments go for $4,011/month, followed by Bedford-Stuyvesant with $3,182 If you’re looking to rent in Brooklyn’s most popular neighborhoods, make sure to also check out Downtown Brooklyn, where renters pay $4,175 on average, and Greenpoint, where the average monthly rent is $4,811.
Brooklyn | Rent Comparison by Neighborhood
Rent in Bedford-Stuyvesant is 55% higher than in Borough Park
$3,182
Bedford-Stuyvesant rent is 11% lower than Brooklyn average
Average Rent
$3,182
$2,053
Borough Park rent is 42% lower than Brooklyn average
Average Rent
$2,053
How Brooklyn Compares to Other Cities
| State | Average Rent |
|---|---|
| New York City | $4,416 |
| Manhattan | $4,768 |
| Brooklyn | $3,558 |
| Queens | $2,925 |
| Bronx | $1,811 |
| Jersey City | $3,577 |
| Hudson Valley | $2,272 |
| Melville | $3,867 |
| Ithaca | $2,018 |
| Albany | $1,615 |
| Farmingdale | $2,886 |
| White Plains | $3,064 |
| Elizabeth | $1,772 |
| Long Beach | $3,409 |
| Newark | $1,507 |
What is the average price for a storage unit in Brooklyn?
The average rent for a non-climate-controlled 10'x10' storage unit in Brooklyn is $308.33. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
Most Popular Apartments in Brooklyn
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Millenium Residence
451 Clarkson Ave, Brooklyn 10, New York, NY 11203| 1 BED | $8,000 |
| 3 BEDS | $1,500 |
| 4+ BEDS | $800 |
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DNC VPAT Blue Mountains
821 Taylor St., New York, NY 88995| STUDIO | $1,875 |
| 1 BED | $530+ |
| 2 BEDS | $400 |
NYJprop
Nyjprop, Brooklyn, NY 11796| 1 BED | $1,800+ |
| 2 BEDS | $1,500 |