Average Rent in Downtown Brooklyn, New York, NY

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Current Versus Historical Downtown Brooklyn, New York, NY Rents

Downtown Brooklyn rentals average $3,484 for a studio rental to $9,346 for a 3-bedroom rental. The median price of all currently available listings is $4,500, or roughly $7 per square feet.

For the apartment units and housing in July 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $1 (0.03%) year-over-year from $3,499 to $3,500. 1-bedroom rentals prices have increased by $78 (1.83%) year-over-year from $4,272 to $4,350. 2-bedroom rentals prices have decreased by $121 (-1.98%) year-over-year from $6,116 to $5,995. 3-bedroom rentals prices have increased by $2,155 (29.34%) year-over-year from $7,345 to $9,500. 4-bedroom rentals prices have increased by $10,350 (57.02%) year-over-year from $18,150 to $28,500. 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 1.15% this month. 1-bedroom rents have gone up by 0.53% this month. 2-bedroom rents have gone up by 0.93% this month. 3-bedroom rents have gone up by 16.05% this month. 4-bedroom rents have gone up by 56.40% this month.

Beds	Price / Sqft	Jul 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$7.36	$3,500	$3,499 (0.03%)	$2,803 (24.88%)
1 BR	$6.42	$4,350	$4,272 (1.83%)	$3,428 (26.88%)
2 BR	$6.22	$5,995	$6,116 (-1.98%)	$4,964 (20.77%)
3 BR	$6.43	$9,500	$7,345 (29.34%)	$5,781 (64.32%)

Historical Rents in Downtown Brooklyn, New York, NY

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Downtown Brooklyn

There are a total of 15 cities nearby Downtown Brooklyn. The average rent in Downtown Brooklyn is currently $3,179 per month. A total of 14 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $1,900, is the most affordable city nearby. In contrast, the most expensive city near Downtown Brooklyn, New York, NY is Ocean Beach, NY. Monthly rents here are on average $8,000 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 46.89% more expensive than other cities nearby. One bedrooms are about 48.02% more expensive. Two bedrooms in Downtown Brooklyn, New York, NY are about 42.08% more expensive. Finally, rent for three bedrooms are about 54.82% more expensive. Want more information? Check out the top 10 cities out of 15 total cities near Downtown Brooklyn, New York, NY in the following chart.

City	Studio	1 Bed	2 Bed	All
Paterson, NJ	$1,850	$1,850	$2,100	$2,250
Newark, NJ	$1,800	$1,675	$2,050	$2,300
Elizabeth, NJ	N/A	$1,900	$2,200	$2,525
Fort Lee, NJ	$1,900	$2,375	$3,505	$2,848
Jersey City, NJ	$2,390	$3,271	$3,475	$3,179
Yonkers, NY	$2,100	$2,598	$3,400	$3,290
Cliffside Park, NJ	N/A	$2,050	$3,975	$3,600
New York, NY	$3,585	$4,354	$5,295	$4,495
Long Beach, NY	$2,400	$3,300	$3,800	$4,500
New Rochelle, NY	$2,250	$3,030	$4,690	$4,500

Top Neighborhoods Near Downtown Brooklyn

There are a total of 51 neighborhoods in or near Downtown Brooklyn. Some of these neighborhoods include Flatbush, Bedford-Stuyvesant, and Bushwick. We've included the top 30 neighborhoods out of 51 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 $4,434 per month. A total of 27 neighborhoods have a lower average rent. Meaning, only three neighborhoods have a higher average rent than $4,434. Out of all the neighborhoods in or near Downtown Brooklyn, East Side has the most affordable average rent at $2,201 per month. Whereas, at $8,000 average rent per month, Ocean Beach is the most expensive neighborhood in or near Downtown Brooklyn. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Flatbush, New York, NY	$2,562	$3,100	$3,150	$3,200
Bedford-Stuyvesant, New York, NY	$2,438	$2,815	$3,400	$3,400
Bushwick, New York, NY	$2,653	$3,000	$3,499	$3,599
Crown Heights, New York, NY	$2,633	$2,850	$3,775	$3,600
Clinton Hill, New York, NY	$3,348	$3,565	$4,995	$3,909
NoHo, New York, NY	$3,950	$4,125	$7,350	$4,075
Brooklyn Heights, New York, NY	$3,348	$4,100	$4,900	$4,154
Prospect Heights, New York, NY	$3,600	$4,413	$5,991	$4,165
Flatiron District, New York, NY	$4,100	$5,900	$10,500	$4,200
Bowery, New York, NY	$2,800	$3,450	$4,798	$4,300
Fort Greene, New York, NY	$3,495	$4,395	$4,925	$4,395
Financial District, New York, NY	$3,695	$4,720	$6,780	$4,420
Park Slope, New York, NY	$3,273	$3,966	$4,295	$4,434
Murray Hill, New York, NY	$3,400	$4,595	$7,407	$4,495
West Village, New York, NY	$3,995	$4,650	$7,445	$4,550
NoLita, New York, NY	$3,390	$4,495	$6,495	$4,595
Greenwich Village, New York, NY	$4,100	$5,095	$4,395	$4,800
Greenpoint, New York, NY	$2,979	$4,000	$5,200	$4,973
Kips Bay, New York, NY	$3,845	$4,070	$5,345	$4,995
Williamsburg, New York, NY	$3,947	$4,699	$5,200	$5,000
Little Italy, New York, NY	$3,900	$5,000	$5,495	$5,200
East Village, New York, NY	$2,700	$3,850	$5,200	$5,295
SoHo, New York, NY	$3,850	$4,850	$5,400	$5,400
Gramercy Park, New York, NY	$3,725	$4,895	$5,495	$5,495
Battery Park City, New York, NY	$4,110	$5,209	$7,250	$5,750
NoMad, New York, NY	$4,395	$5,663	$8,123	$5,781
Lower East Side, New York, NY	$2,625	$4,195	$5,295	$5,995
Stuyvesant Town - Peter Cooper Village, New York, NY	N/A	$5,057	$6,054	$6,100
DUMBO, New York, NY	$3,873	$5,158	$7,034	$6,488
Tribeca, New York, NY	$4,500	$5,999	$8,340	$7,195

Top Counties Near Downtown Brooklyn

There are a total of 51 counties located by Downtown Brooklyn, New York, NY. Some of these counties include Newark, NJ, Bloomfield, NJ, and Elizabeth, NJ. The average rent for rentals in these counties is $3,500. That's roughly around $3 per sqft. A total of 21 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $1,900. Vice versa, with an average rent of $5,000, Islip, NY is the most expensive county by Downtown Brooklyn, New York, NY.

Typically, rent for studios in Downtown Brooklyn, New York, NY is 45.46% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Downtown Brooklyn, New York, NY is 39.43% more expensive than other counties nearby. Finally, rent for two bedrooms in Downtown Brooklyn, New York, NY is 42.08% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Newark, NJ	$1,800	$1,675	$2,050	$2,300
Bloomfield, NJ	N/A	$1,750	$2,300	$2,425
Elizabeth, NJ	N/A	$1,900	$2,200	$2,525
Fort Lee, NJ	$1,900	$2,375	$3,505	$2,848
Jersey City, NJ	$2,390	$3,271	$3,475	$3,179
Bronx, New York, NY	$2,491	$2,625	$3,200	$3,200
Queens, New York, NY	$2,919	$3,100	$3,702	$3,500
Cliffside Park, NJ	N/A	$2,050	$3,975	$3,600
Brooklyn, New York, NY	$3,500	$3,893	$4,200	$4,000
Manhattan, New York, NY	$3,600	$4,495	$5,599	$4,698

Top Zipcodes Near Downtown Brooklyn

There are a total of 44 zipcodes in or near Downtown Brooklyn, New York, NY. The average rent for all of these zipcodes is $4,596. A total of 20 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 11226, New York, NY at $3,210 per month. In comparison, the zipcode with the most expensive average rent of $7,800 per month is 11770, Ocean Beach, NY.

Studios in these zipcodes have an average rent of $3,425. That's at least $7 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Downtown Brooklyn, New York, NY is $4,390 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,550 per month. Which comes out to $7 per sqft. The following chart includes the top 10 zipcodes in Downtown Brooklyn, New York, NY. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
11201, New York, NY	$3,501	$4,400	$6,413	$4,785
11217, New York, NY	$3,598	$4,395	$5,650	$4,165
10038, New York, NY	$3,770	$4,733	$6,390	$4,598
10002, New York, NY	$2,738	$4,195	$5,250	$5,873
11238, New York, NY	$3,517	$3,570	$4,909	$4,351
10005, New York, NY	$3,712	$4,895	$7,619	$4,304
10007, New York, NY	$4,725	$6,063	$9,318	$6,999
10004, New York, NY	$3,600	$4,700	$7,269	$4,042
11211, New York, NY	$3,976	$4,792	$5,600	$5,250
11216, New York, NY	$2,547	$2,999	$3,761	$3,700

Frequently Asked Questions - Downtown Brooklyn Average Rents

What is the average rent price in Downtown Brooklyn, New York, NY?

The average monthly rental price for Downtown Brooklyn, New York, NY apartments for rent is approximately $4,500. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Downtown Brooklyn, 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 Downtown Brooklyn, New York, NY.

How much is a studio apartment in Downtown Brooklyn, New York, NY?

The average monthly rental price for studio apartments is $3,484 and an average price per square feet of $7.36. There are a total of 48 studio apartment listings currently available for rent in Downtown Brooklyn.

How much is a one bedroom apartment in Downtown Brooklyn, New York, NY?

The average monthly rental price for one bedroom apartments is $4,350 and an average price per square feet of $6.42. There are a total of 90 one bedroom apartment listings currently available for rent in Downtown Brooklyn.

How much is a two bedroom apartment in Downtown Brooklyn, New York, NY?

The average monthly rental price for two bedroom apartments is $6,000 and an average price per square feet of $6.22. There are a total of 56 two bedroom apartment listings currently available for rent in Downtown Brooklyn.

How have rent prices in Downtown Brooklyn, New York, NY changed this year?

Rent prices for rentals in Downtown Brooklyn, New York, NY can fluctuate yearly. Specifically, studio rental prices have changed by 0.00%, one bedroom rental prices have changed by 0.02%, two bedroom rental prices have changed by -0.02%, and three bedroom rental prices have changed by 0.29% year-over-year.

What is a reasonable rent price in Downtown Brooklyn, New York, NY?

A reasonable rent price in Downtown Brooklyn, New York, NY is around $3,600/month. You can search for these reasonably priced rental listings on RentHop.