Average Rent in Bay Ridge, New York, NY

Current Versus Historical Bay Ridge, New York, NY Rents

Bay Ridge rentals average $4,235 for a studio rental to $3,600 for a 4-bedroom rental. The median price of all currently available listings is $2,750, or roughly $3 per square feet.

For the apartment units and housing in May 2024, median rents have fallenover the last year. Studio rentals prices have increased by $1,196 (39.37%) year-over-year from $3,038 to $4,235. 1-bedroom rentals prices have decreased by $174 (-7.91%) year-over-year from $2,199 to $2,025. 2-bedroom rentals prices have increased by $64 (2.44%) year-over-year from $2,633 to $2,698. 3-bedroom rentals prices have increased by $25 (0.76%) year-over-year from $3,275 to $3,300. 4-bedroom rentals prices have decreased by $1,133 (-23.94%) year-over-year from $4,733 to $3,600. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 55.45% this month. 1-bedroom rents have gone down by 0.82% this month. 2-bedroom rents have gone down by 4.77% this month. 3-bedroom rents have gone down by 3.88% this month. 4-bedroom rents have gone down by 59.85% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.00	$4,235	$3,038 (39.37%)	$1,583 (167.44%)
1 BR	$3.10	$2,025	$2,199 (-7.91%)	$1,664 (21.72%)
2 BR	$3.26	$2,698	$2,633 (2.44%)	$2,150 (25.47%)
3 BR	$3.30	$3,300	$3,275 (0.76%)	$2,417 (36.55%)
4+ BR	$2.54	$3,600	$4,733 (-23.94%)	$3,117 (15.51%)

Historical Rents in Bay Ridge, New York, NY

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Bay Ridge

There are a total of 32 cities nearby Bay Ridge. The average rent in Bay Ridge is currently $3,369 per month. A total of 7 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $1,925, is the most affordable city nearby. In contrast, the most expensive city near Bay Ridge, New York, NY is Westport, CT. Monthly rents here are on average $17,000 per month.

Let's compare Bay Ridge, New York, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in Bay Ridge, New York, NY is 59.26% more expensive than other cities nearby. One bedrooms are about 1.30% more expensive. Two bedrooms in Bay Ridge, New York, NY are about 22.02% more affordable. Finally, rent for three bedrooms are about 30.70% more affordable. Want more information? Check out the top 10 cities out of 32 total cities near Bay Ridge, New York, NY in the following chart.

City	Studio	1 Bed	2 Bed	All
Newark, NJ	$1,975	$1,800	$2,100	$2,300
Elizabeth, NJ	N/A	$1,700	$2,000	$2,350
East Orange, NJ	$1,700	$1,900	$2,600	$2,350
Bayonne, NJ	$2,275	$2,047	$2,500	$2,400
West New York, NJ	$1,850	$2,550	$2,850	$2,700
Jersey City, NJ	$2,825	$2,700	$2,650	$2,750
Union City, NJ	$1,900	$2,250	$2,800	$2,800
Cliffside Park, NJ	N/A	$2,100	$3,363	$3,200
Hoboken, NJ	$3,093	$3,200	$3,950	$3,613
New York, NY	$3,500	$4,200	$5,195	$4,398

Top Neighborhoods Near Bay Ridge

There are a total of 53 neighborhoods in or near Bay Ridge. Some of these neighborhoods include Greenville, The Heights, and Journal Square. We've included the top 30 neighborhoods out of 53 total neighborhoods in or near Bay Ridge, New York, NY in the following chart.

The average rent for these 30 neighborhoods in or near Bay Ridge, New York, NY is currently around $4,280 per month. A total of 6 neighborhoods have a lower average rent. Meaning, only twenty-four neighborhoods have a higher average rent than $4,280. Interestingly, the neighborhoods' average rent is higher than Bay Ridge's average rent, which is only $2,750. Out of all the neighborhoods in or near Bay Ridge, East Side has the most affordable average rent at $1,900 per month. Whereas, at $8,250 average rent per month, Ocean Beach is the most expensive neighborhood in or near Bay Ridge. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Greenville, Jersey City, NJ	N/A	N/A	$2,175	$2,325
The Heights, Jersey City, NJ	N/A	$2,300	$2,580	$2,700
Journal Square, Jersey City, NJ	$2,885	$2,500	$2,550	$2,700
Bergen - Lafayette, Jersey City, NJ	$1,824	$2,395	$2,700	$2,700
East Flatbush, New York, NY	$3,050	$2,295	$2,875	$2,899
Bedford-Stuyvesant, New York, NY	$2,400	$2,850	$3,200	$3,300
Flatbush, New York, NY	$2,800	$3,064	$3,478	$3,325
Bushwick, New York, NY	$2,650	$2,850	$3,481	$3,500
Crown Heights, New York, NY	$2,800	$2,800	$3,717	$3,505
The Waterfront, Jersey City, NJ	$3,026	$3,456	$5,008	$3,618
Clinton Hill, New York, NY	$3,152	$3,600	$6,084	$3,945
Bowery, New York, NY	$2,870	$3,995	$4,374	$3,995
Downtown Brooklyn, New York, NY	$3,400	$4,255	$5,856	$4,255
Prospect Heights, New York, NY	$3,625	$4,395	$5,966	$4,280
Financial District, New York, NY	$3,518	$4,550	$6,463	$4,388
NoLita, New York, NY	$3,595	$4,495	$5,000	$4,495
East Village, New York, NY	$2,650	$3,650	$4,495	$4,595
Williamsburg, New York, NY	$3,850	$4,503	$4,675	$4,750
Greenwich Village, New York, NY	$3,530	$4,800	$5,075	$4,800
West Village, New York, NY	$4,500	$4,650	$6,495	$4,800
Kips Bay, New York, NY	$3,795	$4,075	$5,395	$4,995
Little Italy, New York, NY	$3,900	$5,000	$5,500	$5,000
Flatiron District, New York, NY	$4,050	$5,900	$8,571	$5,150
Greenpoint, New York, NY	$3,483	$4,300	$5,550	$5,172
Lower East Side, New York, NY	$3,300	$3,495	$4,500	$5,195
Battery Park City, New York, NY	$3,700	$4,545	$6,350	$5,302
Stuyvesant Town - Peter Cooper Village, New York, NY	N/A	$5,082	$6,075	$5,745
Gramercy Park, New York, NY	$3,815	$5,185	$5,314	$6,395
Tribeca, New York, NY	$4,250	$5,895	$7,198	$6,895
SoHo, New York, NY	$4,550	$3,950	$13,500	$7,609

Top Counties Near Bay Ridge

There are a total of 53 counties located by Bay Ridge, New York, NY. Some of these counties include Newark, NJ, Elizabeth, NJ, and Bayonne, NJ. The average rent for rentals in these counties is $3,631. That's roughly around $3 per sqft. A total of 6 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $1,925. Vice versa, with an average rent of $17,000, Westport, CT is the most expensive county by Bay Ridge, New York, NY.

Typically, rent for studios in Bay Ridge, New York, NY is 56.33% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Bay Ridge, New York, NY is 4.38% more affordable than other counties nearby. Finally, rent for two bedrooms in Bay Ridge, New York, NY is 24.29% more affordable than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Newark, NJ	$1,975	$1,800	$2,100	$2,300
Elizabeth, NJ	N/A	$1,700	$2,000	$2,350
Bayonne, NJ	$2,275	$2,047	$2,500	$2,400
West New York, NJ	$1,850	$2,550	$2,850	$2,700
Jersey City, NJ	$2,825	$2,700	$2,650	$2,750
North Bergen, NJ	$2,149	$2,100	$2,875	$2,800
Queens, New York, NY	$3,083	$2,598	$3,200	$3,200
Hoboken, NJ	$3,093	$3,200	$3,950	$3,613
Brooklyn, New York, NY	$3,485	$3,973	$4,000	$3,940
Manhattan, New York, NY	$3,535	$4,375	$5,675	$4,595

Top Zipcodes Near Bay Ridge

There are a total of 50 zipcodes in or near Bay Ridge, New York, NY. The average rent for all of these zipcodes is $4,495.

The following chart includes the top 10 zipcodes in Bay Ridge, New York, NY. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
11226, New York, NY	$2,800	$3,200	$3,538	$3,325
10004, New York, NY	$3,665	$4,431	$6,883	$4,271
11217, New York, NY	$3,595	$4,428	$6,225	$4,345
11201, New York, NY	$3,425	$4,255	$5,900	$4,395
11238, New York, NY	$3,606	$4,061	$5,776	$3,960
10005, New York, NY	$3,535	$4,615	$6,540	$4,334
11216, New York, NY	$2,330	$2,940	$3,675	$3,667
10038, New York, NY	$3,500	$4,550	$6,350	$4,500
10007, New York, NY	$4,250	$6,498	$8,395	$6,950
10002, New York, NY	$3,300	$3,648	$4,495	$4,799

Frequently Asked Questions - Bay Ridge Average Rents

What is the average rent price in Bay Ridge, New York, NY?

The average monthly rental price for Bay Ridge, New York, NY apartments for rent is approximately $2,750. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Bay Ridge, New York, NY rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Bay Ridge, New York, NY.

How much is a studio apartment in Bay Ridge, New York, NY?

The average monthly rental price for studio apartments is $4,235 and an average price per square feet of $3.00. There are a total of 10 studio apartment listings currently available for rent in Bay Ridge.

How much is a one bedroom apartment in Bay Ridge, New York, NY?

The average monthly rental price for one bedroom apartments is $2,395 and an average price per square feet of $3.10. There are a total of 15 one bedroom apartment listings currently available for rent in Bay Ridge.

How much is a two bedroom apartment in Bay Ridge, New York, NY?

The average monthly rental price for two bedroom apartments is $2,623 and an average price per square feet of $3.26. There are a total of 14 two bedroom apartment listings currently available for rent in Bay Ridge.

How have rent prices in Bay Ridge, New York, NY changed this year?

Rent prices for rentals in Bay Ridge, New York, NY can fluctuate yearly. Specifically, studio rental prices have changed by 0.39%, one bedroom rental prices have changed by -0.08%, two bedroom rental prices have changed by 0.02%, and three bedroom rental prices have changed by 0.01% year-over-year.

What is a reasonable rent price in Bay Ridge, New York, NY?

A reasonable rent price in Bay Ridge, New York, NY is around $2,200/month. You can search for these reasonably priced rental listings on RentHop.