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 $2,825, 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 $149 (-6.78%) year-over-year from $2,199 to $2,050. 2-bedroom rentals prices have increased by $262 (9.94%) year-over-year from $2,633 to $2,895. 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 0.00% this month. 2-bedroom rents have gone down by 0.12% 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	$2.56	$2,050	$2,199 (-6.78%)	$1,664 (23.22%)
2 BR	$3.18	$2,895	$2,633 (9.94%)	$2,150 (34.65%)
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 $3,494 per month. A total of 8 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $1,950, 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 $16,000 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 66.94% more expensive than other cities nearby. One bedrooms are about 3.91% more expensive. Two bedrooms in Bay Ridge, New York, NY are about 23.93% more affordable. Finally, rent for three bedrooms are about 31.99% 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	$2,000	$1,975	$2,100	$2,300
Elizabeth, NJ	N/A	$1,700	$1,950	$2,300
East Orange, NJ	$1,700	$1,900	$2,600	$2,300
Bayonne, NJ	$2,275	$2,036	$2,507	$2,443
Jersey City, NJ	$2,826	$2,700	$2,650	$2,798
Union City, NJ	$1,900	$2,300	$2,800	$2,800
West New York, NJ	$1,850	$2,575	$3,200	$2,800
Cliffside Park, NJ	N/A	$2,100	$3,375	$3,100
Hoboken, NJ	$3,106	$3,250	$3,950	$3,613
New York, NY	$3,500	$4,217	$5,150	$4,400

Top Neighborhoods Near Bay Ridge

There are a total of 50 neighborhoods in or near Bay Ridge. Some of these neighborhoods include The Heights, East Flatbush, and Bedford-Stuyvesant. We've included the top 30 neighborhoods out of 50 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 $4,430 per month. A total of 2 neighborhoods have a lower average rent. Meaning, only twenty-eight neighborhoods have a higher average rent than $4,430. Interestingly, the neighborhoods' average rent is higher than Bay Ridge's average rent, which is only $2,825. Out of all the neighborhoods in or near Bay Ridge, East Side has the most affordable average rent at $1,950 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
The Heights, Jersey City, NJ	N/A	$2,400	$2,560	$2,700
East Flatbush, New York, NY	$3,050	$2,650	$2,875	$3,000
Bedford-Stuyvesant, New York, NY	$2,350	$2,875	$3,173	$3,300
Flatbush, New York, NY	$2,795	$3,190	$3,455	$3,350
Bushwick, New York, NY	$2,650	$2,863	$3,425	$3,500
Crown Heights, New York, NY	$2,800	$2,898	$3,700	$3,575
The Waterfront, Jersey City, NJ	$3,026	$3,487	$4,995	$3,634
Clinton Hill, New York, NY	$3,152	$3,750	$6,084	$3,925
Bowery, New York, NY	$2,870	$3,995	$4,253	$3,995
Fort Greene, New York, NY	$3,550	$4,500	$6,495	$4,215
Downtown Brooklyn, New York, NY	$3,378	$4,255	$5,880	$4,274
Prospect Heights, New York, NY	$3,625	$4,375	$6,165	$4,295
Financial District, New York, NY	$3,550	$4,514	$6,481	$4,365
NoLita, New York, NY	$3,748	$4,495	$5,350	$4,495
East Village, New York, NY	$2,700	$3,695	$4,500	$4,595
Lower East Side, New York, NY	$3,300	$3,495	$4,495	$4,666
Williamsburg, New York, NY	$3,679	$4,500	$4,675	$4,700
Greenwich Village, New York, NY	$3,650	$4,800	$5,060	$4,800
West Village, New York, NY	$4,500	$4,700	$6,495	$4,800
Kips Bay, New York, NY	$3,788	$4,100	$5,395	$4,995
Greenpoint, New York, NY	$3,483	$4,283	$5,575	$5,014
Little Italy, New York, NY	$3,900	$5,000	$5,500	$5,187
Chelsea, New York, NY	$3,718	$5,464	$7,890	$5,200
Flatiron District, New York, NY	$4,050	$5,900	$8,642	$5,420
Battery Park City, New York, NY	$3,705	$4,670	$6,750	$5,425
NoMad, New York, NY	$4,432	$5,594	$8,404	$5,663
Stuyvesant Town - Peter Cooper Village, New York, NY	N/A	$5,082	$6,075	$5,745
Gramercy Park, New York, NY	$3,815	$5,163	$5,315	$6,395
Tribeca, New York, NY	$4,375	$5,795	$7,295	$6,850
SoHo, New York, NY	$4,700	$4,300	$13,500	$7,950

Top Counties Near Bay Ridge

There are a total of 50 counties located by Bay Ridge, New York, NY. Some of these counties include Elizabeth, NJ, Newark, NJ, and Bayonne, NJ. The average rent for rentals in these counties is $3,556. That's roughly around $3 per sqft. A total of 8 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $1,950. Vice versa, with an average rent of $16,000, Westport, CT is the most expensive county by Bay Ridge, New York, NY.

Typically, rent for studios in Bay Ridge, New York, NY is 63.69% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Bay Ridge, New York, NY is 9.49% more affordable than other counties nearby. Finally, rent for two bedrooms in Bay Ridge, New York, NY is 26.31% more affordable than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Elizabeth, NJ	N/A	$1,700	$1,950	$2,300
Newark, NJ	$2,000	$1,975	$2,100	$2,300
Bayonne, NJ	$2,275	$2,036	$2,507	$2,443
Jersey City, NJ	$2,826	$2,700	$2,650	$2,798
West New York, NJ	$1,850	$2,575	$3,200	$2,800
North Bergen, NJ	$2,149	$2,100	$2,900	$2,800
Queens, New York, NY	$3,204	$3,061	$3,413	$3,355
Hoboken, NJ	$3,106	$3,250	$3,950	$3,613
Brooklyn, New York, NY	$3,454	$4,000	$4,200	$3,954
Manhattan, New York, NY	$3,545	$4,361	$5,595	$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 $4,463.

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	$3,300	$3,550	$3,395
10004, New York, NY	$3,716	$4,431	$6,600	$4,189
11217, New York, NY	$3,595	$4,410	$6,450	$4,350
11201, New York, NY	$3,411	$4,255	$5,900	$4,411
11238, New York, NY	$3,464	$4,025	$5,985	$3,975
10005, New York, NY	$3,575	$4,564	$6,540	$4,334
11216, New York, NY	$2,330	$2,938	$3,675	$3,667
10038, New York, NY	$3,535	$4,527	$6,350	$4,425
10007, New York, NY	$4,375	$6,500	$8,585	$6,850
10002, New York, NY	$2,998	$3,795	$4,495	$4,622

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 $2,825. 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 $2,398 and an average price per square feet of $2.56. There are a total of 12 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 $3.18. There are a total of 16 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 -0.07%, two bedroom rental prices have changed by 0.10%, 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 $2,260/month. You can search for these reasonably priced rental listings on RentHop.