Average Rent and Costs in Downtown Brooklyn, New York, NY

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There are currently active 256 listings advertised for rent in Downtown Brooklyn, New York, NY. Downtown Brooklyn rentals average $3,194 for a studio rental to $8,223 for a 3-bedroom rental. The median price of all currently available listings is $4,198, or roughly $74 per square feet.
For the apartment units and housing in January 2023, median rents have risen over the last year. Studio rentals prices have increased by $222 (7.48%) year-over-year from $2,972 to $3,194. 1-bedroom rentals prices have increased by $288 (7.63%) year-over-year from $3,769 to $4,061. 2-bedroom rentals prices have increased by $430 (8.31%) year-over-year from $5,171 to $5,600. 3-bedroom rentals prices have increased by $681 (8.72%) year-over-year from $7,809 to $8,223. 4-bedroom rentals prices have increased by $4,651 (22.86%) year-over-year from $20,349 to $0. 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 down by 1.16% this month. 1-bedroom rents have gone down by 0.08% this month. 2-bedroom rents have gone up by 0.18% this month. 3-bedroom rents have gone down by 5.63% this month. 4-bedroom rents have gone down by 0.00% this month.
Current Availabilities January 2023
Bedrooms     Rent Price / sqft     Whole Month Rent 1 Yr Ago Rent (% Change) 3 Yr Ago Rent (% Change)
Studio $3,194 $81 $3,194 $2,972 (7.48%) $2,721 (17.37%)
1 BR $4,061 $71 $4,057 $3,769 (7.63%) $3,417 (18.74%)
2 BR $5,600 $68 $5,600 $5,171 (8.31%) $4,645 (20.56%)
3 BR $8,223 $87 $8,490 $7,809 (8.72%) $8,003 (6.08%)

Historical Rents in Downtown Brooklyn, New York, NY

Studio
1 Bedroom
2 Bedroom
3 Bedroom
4 Bedroom

Top Cities Near Downtown Brooklyn

There are a total of 21 cities nearby Downtown Brooklyn. The average rent in Downtown Brooklyn is currently $3,000 per month. A total of 18 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $1,700, is the most affordable city nearby. In contrast, the most expensive city near Downtown Brooklyn, New York, NY is Spring Lake, NJ. Monthly rents here are on average $11,750 per month.

Let's compare Downtown Brooklyn, New York, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in Downtown Brooklyn, New York, NY is 38.95% more expensive than other cities nearby. One bedrooms are about 50.75% more expensive. Two bedrooms in Downtown Brooklyn, New York, NY are about 51.12% more expensive. Finally, rent for three bedrooms are about 57.43% more expensive. Want more information? Check out the top 10 cities out of 21 total cities near Downtown Brooklyn, New York, NY in the following chart.
City Studio 1BR 2BR All
Newark, NJ $1,950 $1,325 $1,800 $2,048
Bayonne, NJ $2,000 $1,800 $2,400 $2,262
Jersey City, NJ $2,545 $2,531 $2,695 $2,750
West New York, NJ $2,500 $2,725 $2,738 $2,763
Fort Lee, NJ $1,600 $2,500 $3,100 $2,895
Union City, NJ $2,750 $2,900 $2,500 $2,950
Red Bank, NJ $1,925 $2,488 $3,698 $3,000
Hoboken, NJ $3,300 $3,000 $4,000 $3,400
New York, NY $3,195 $3,945 $4,795 $4,000
Long Branch, NJ $1,700 $2,300 $4,000 $4,000

Top Neighborhoods Near Downtown Brooklyn

There are a total of 55 neighborhoods in or near Downtown Brooklyn. Some of these neighborhoods include Flatbush, Crown Heights, and Bedford-Stuyvesant. We've included the top 30 neighborhoods out of 55 total neighborhoods in or near Downtown Brooklyn, New York, NY in the following chart.

The average rent for these 30 neighborhoods in or near Downtown Brooklyn, New York, NY is currently around $3,995 per month. A total of 32 neighborhoods out of these neighborhoods have a lower average rent. Meaning, only minus two neighborhoods have a higher average rent than $3,995. Out of all the neighborhoods in or near Downtown Brooklyn, Kew Gardens has the most affordable average rent at $1,799 per month. Whereas, at $6,750 per month, Tribeca is the most expensive neighborhood in or near Downtown Brooklyn. View the following chart for more information.
Neighborhood Studio 1BR 2BR All
Flatbush, New York, NY $2,542 $2,750 $2,750 $2,900
Crown Heights, New York, NY $2,648 $2,525 $3,247 $3,000
Bedford-Stuyvesant, New York, NY $2,325 $2,710 $2,900 $3,100
Bushwick, New York, NY $2,542 $2,800 $3,288 $3,200
Little Italy, New York, NY $3,250 $3,270 $4,698 $3,500
The Waterfront, Jersey City, NJ $2,900 $3,328 $4,428 $3,531
Financial District, New York, NY $3,254 $4,145 $5,761 $3,972
Murray Hill, New York, NY $3,100 $3,900 $4,250 $3,995
Clinton Hill, New York, NY $2,995 $3,850 $5,500 $3,995
Bowery, New York, NY $3,988 $3,250 $4,295 $3,995
Brooklyn Heights, New York, NY $3,100 $3,900 $6,657 $4,174
Kips Bay, New York, NY $3,465 $3,895 $4,995 $4,195
Lower East Side, New York, NY $2,488 $3,258 $4,195 $4,195
NoLita, New York, NY N/A $4,295 $4,795 $4,295
East Village, New York, NY $2,600 $3,495 $4,495 $4,295
Prospect Heights, New York, NY $3,495 $4,295 $6,700 $4,348
Greenpoint, New York, NY $3,452 $4,035 $4,578 $4,408
Williamsburg, New York, NY $3,607 $4,570 $4,375 $4,500
Chelsea, New York, NY $3,700 $4,900 $6,995 $4,710
NoHo, New York, NY $3,575 $4,250 $6,818 $4,725
Greenwich Village, New York, NY $3,250 $5,395 $5,500 $4,750
Midtown South, New York, NY $3,700 $4,743 $6,975 $4,775
Battery Park City, New York, NY $3,395 $3,850 $7,892 $4,813
DUMBO, New York, NY $3,835 $4,786 $6,825 $5,095
West Village, New York, NY $3,850 $4,995 $5,600 $5,295
Flatiron District, New York, NY $3,650 $5,550 $8,685 $5,425
NoMad, New York, NY $4,455 $5,275 $8,500 $5,530
SoHo, New York, NY $3,195 $4,675 $14,750 $5,800
Gramercy Park, New York, NY $3,500 $4,275 $5,395 $5,995
Tribeca, New York, NY $4,500 $5,313 $6,954 $6,750

Top Counties Near Downtown Brooklyn

County Studio 1BR 2BR All
Newark, NJ $1,950 $1,325 $1,800 $2,048
Bayonne, NJ $2,000 $1,800 $2,400 $2,262
North Bergen, NJ $1,975 $1,925 $3,100 $2,700
Jersey City, NJ $2,545 $2,531 $2,695 $2,750
West New York, NJ $2,500 $2,725 $2,738 $2,763
Union City, NJ $2,750 $2,900 $2,500 $2,950
Queens, New York, NY $2,890 $2,675 $2,850 $2,982
Hoboken, NJ $3,300 $3,000 $4,000 $3,400
Brooklyn, New York, NY $3,381 $3,738 $3,650 $3,600
Manhattan, New York, NY $3,187 $3,995 $5,050 $4,200

Top Zipcodes Near Downtown Brooklyn

Zipcode Studio 1BR 2BR All
11201, New York, NY $3,263 $4,156 $5,952 $4,390
11217, New York, NY $3,495 $4,300 $6,550 $4,345
10038, New York, NY $3,117 $4,100 $5,775 $3,995
10002, New York, NY $2,500 $3,285 $4,195 $4,195
11238, New York, NY $3,069 $3,658 $4,500 $3,800
10005, New York, NY $3,387 $4,150 $6,045 $3,995
10007, New York, NY $4,700 $5,950 $6,913 $6,500
10004, New York, NY $3,334 $4,250 $5,050 $3,950
11211, New York, NY $3,555 $4,606 $5,723 $4,615
11216, New York, NY $2,500 $2,725 $3,099 $3,050
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