Average Rent in DUMBO, New York, NY

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Current Versus Historical DUMBO, New York, NY Rents

DUMBO rentals average $3,459 for a studio rental to $9,723 for a 3-bedroom rental. The median price of all currently available listings is $5,595, or roughly $7 per square feet.
For the apartment units and housing in December 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $307 (-8.14%) year-over-year from $3,765 to $3,459. 1-bedroom rentals prices have increased by $84 (1.72%) year-over-year from $4,866 to $4,950. 2-bedroom rentals prices have decreased by $325 (-4.69%) year-over-year from $6,925 to $6,600. 3-bedroom rentals prices have increased by $1,441 (16.83%) year-over-year from $8,559 to $10,000. 4-bedroom rentals prices have decreased by $11,750 (-35.34%) year-over-year from $33,250 to $21,500. 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 down by 5.25% this month. 1-bedroom rents have gone down by 1.30% this month. 2-bedroom rents have gone down by 4.77% this month. 3-bedroom rents have gone up by 1.88% this month. 4-bedroom rents have gone down by 0.00% this month.
Beds
Price / Sqft
Dec 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $9.50 $3,459 $3,765 (-8.14%) $3,201 (8.06%)
1 BR $6.75 $4,950 $4,866 (1.72%) $4,307 (14.93%)
2 BR $6.06 $6,600 $6,925 (-4.69%) $5,746 (14.86%)
3 BR $6.76 $10,000 $8,559 (16.83%) $6,694 (49.38%)

Historical Rents in DUMBO, New York, NY

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near DUMBO

There are a total of 19 cities nearby DUMBO. The average rent in DUMBO is currently $3,800 per month. A total of 16 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $2,000, is the most affordable city nearby. In contrast, the most expensive city near DUMBO, New York, NY is Spring Lake, NJ. Monthly rents here are on average $10,000 per month.

Let's compare DUMBO, New York, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in DUMBO, New York, NY is 54.82% more expensive than other cities nearby. One bedrooms are about 50.69% more expensive. Two bedrooms in DUMBO, New York, NY are about 50.76% more expensive. Finally, rent for three bedrooms are about 57.83% more expensive. Want more information? Check out the top 10 cities out of 19 total cities near DUMBO, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
West Babylon, NY $2,970 $2,425 $2,873 $2,500
Asbury Park, NJ $1,700 $2,200 $2,800 $2,600
Yonkers, NY $1,600 $2,188 $2,850 $2,900
Ocean Grove, NJ $1,625 $2,450 $2,795 $3,200
Long Beach, NY $1,925 $2,550 $3,250 $3,500
White Plains, NY $2,250 $2,650 $3,800 $3,800
Long Branch, NJ N/A $3,000 $3,750 $3,800
New York, NY $3,425 $4,157 $5,000 $4,200
Harrison, NY $2,775 $3,020 $4,197 $4,313
New Rochelle, NY N/A $2,650 $4,619 $4,350

Top Neighborhoods Near DUMBO

There are a total of 58 neighborhoods in or near DUMBO. Some of these neighborhoods include Bedford-Stuyvesant, Murray Hill, and Bowery. We've included the top 30 neighborhoods out of 58 total neighborhoods in or near DUMBO, New York, NY in the following chart.

The average rent for these 30 neighborhoods in or near DUMBO, New York, NY is currently around $4,304 per month. A total of 52 neighborhoods have a lower average rent. Out of all the neighborhoods in or near DUMBO, East Side has the most affordable average rent at $2,250 per month. Whereas, at $9,998 average rent per month, SoHo is the most expensive neighborhood in or near DUMBO. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Bedford-Stuyvesant, New York, NY $2,600 $2,900 $3,100 $3,200
Murray Hill, New York, NY $3,400 $4,140 $6,500 $3,898
Bowery, New York, NY $2,800 $3,499 $4,995 $3,899
NoHo, New York, NY $3,995 $4,150 $14,750 $4,000
Clinton Hill, New York, NY $3,175 $3,900 $5,033 $4,025
Financial District, New York, NY $3,400 $4,444 $6,309 $4,178
Prospect Heights, New York, NY $3,558 $4,475 $5,895 $4,300
Boerum Hill, New York, NY $3,600 $3,925 $5,875 $4,308
Downtown Brooklyn, New York, NY $3,447 $4,192 $5,700 $4,325
Fort Greene, New York, NY $3,475 $4,312 $4,540 $4,329
NoLita, New York, NY N/A $3,900 $5,495 $4,495
Kips Bay, New York, NY $3,585 $4,210 $5,505 $4,495
East Village, New York, NY $2,990 $3,895 $4,495 $4,495
Park Slope, New York, NY $4,050 $3,500 $4,600 $4,650
Williamsburg, New York, NY $3,937 $4,650 $4,941 $4,720
Greenpoint, New York, NY $3,483 $4,263 $5,500 $4,800
Midtown South, New York, NY $3,750 $4,906 $7,298 $4,808
Lower East Side, New York, NY $3,495 $4,898 $4,750 $4,849
Greenwich Village, New York, NY $4,050 $5,600 $7,250 $4,875
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $4,917 $6,193 $5,037
West Village, New York, NY $3,900 $4,950 $6,600 $5,095
Gramercy Park, New York, NY $3,750 $5,515 $4,995 $5,119
Brooklyn Heights, New York, NY $3,300 $3,900 $6,750 $5,193
Carroll Gardens, New York, NY N/A $3,650 $5,500 $5,195
Little Italy, New York, NY $3,250 $4,500 $4,400 $5,225
Flatiron District, New York, NY $4,632 $5,650 $9,451 $5,650
NoMad, New York, NY $4,284 $5,680 $8,210 $5,686
Battery Park City, New York, NY $3,971 $4,426 $8,448 $5,750
Tribeca, New York, NY $4,675 $5,950 $8,745 $7,995
SoHo, New York, NY $6,225 $5,200 $13,500 $9,998

Top Counties Near DUMBO

There are a total of 58 counties located by DUMBO, New York, NY. Some of these counties include Edison, NJ, Yonkers, NY, and Bronx, New York, NY. The average rent for rentals in these counties is $3,500. That's roughly around $3 per sqft. A total of 32 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $2,000. Vice versa, with an average rent of $10,000, Spring Lake, NJ is the most expensive county by DUMBO, New York, NY.

Typically, rent for studios in DUMBO, New York, NY is 54.28% more expensive than other counties nearby. In comparison, rent for one bedroom listings in DUMBO, New York, NY is 49.17% more expensive than other counties nearby. Finally, rent for two bedrooms in DUMBO, New York, NY is 52.59% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
Edison, NJ N/A $2,190 $2,500 $2,775
Yonkers, NY $1,600 $2,188 $2,850 $2,900
Bronx, New York, NY $2,400 $2,575 $3,138 $3,080
Queens, New York, NY $2,945 $2,949 $3,500 $3,267
Long Beach, NY $1,925 $2,550 $3,250 $3,500
Hempstead, NY $2,000 $2,500 $3,100 $3,500
Brooklyn, New York, NY $3,425 $3,750 $4,200 $3,899
New Rochelle, NY N/A $2,650 $4,619 $4,350
Manhattan, New York, NY $3,450 $4,360 $5,650 $4,495
North Hempstead, NY $2,150 $2,600 $4,000 $4,500

Top Zipcodes Near DUMBO

There are a total of 7 zipcodes in or near DUMBO, New York, NY. The average rent for all of these zipcodes is $3,275. A total of 7 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 11230, New York, NY at $2,778 per month. In comparison, the zipcode with the most expensive average rent of $5,000 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $2,680. That's at least $5 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near DUMBO, New York, NY is $3,240 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,400 per month. Which comes out to $3 per sqft. The following chart includes the top 7 zipcodes in DUMBO, New York, NY. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
10280, New York, NY $3,827 $4,315 $6,429 $4,500
10023, New York, NY $3,400 $5,000 $8,295 $5,000
11230, New York, NY N/A $2,500 $3,115 $2,778
10128, New York, NY $3,350 $4,048 $5,350 $3,950
10035, New York, NY $2,275 $2,695 $3,100 $2,875
11375, New York, NY $2,680 $3,240 $3,300 $3,275
10463, New York, NY $2,500 $2,650 $3,400 $2,925

Frequently Asked Questions - DUMBO Average Rents

What is the average rent price in DUMBO, New York, NY?
The average monthly rental price for DUMBO, New York, NY apartments for rent is approximately $5,595. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do DUMBO, 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 DUMBO, New York, NY.
How much is a studio apartment in DUMBO, New York, NY?
The average monthly rental price for studio apartments is $3,459 and an average price per square feet of $9.50. There are a total of 8 studio apartment listings currently available for rent in DUMBO.
How much is a one bedroom apartment in DUMBO, New York, NY?
The average monthly rental price for one bedroom apartments is $4,918 and an average price per square feet of $6.75. There are a total of 22 one bedroom apartment listings currently available for rent in DUMBO.
How much is a two bedroom apartment in DUMBO, New York, NY?
The average monthly rental price for two bedroom apartments is $6,600 and an average price per square feet of $6.06. There are a total of 19 two bedroom apartment listings currently available for rent in DUMBO.
How have rent prices in DUMBO, New York, NY changed this year?
Rent prices for rentals in DUMBO, New York, NY can fluctuate yearly. Specifically, studio rental prices have changed by -0.08%, one bedroom rental prices have changed by 0.02%, two bedroom rental prices have changed by -0.05%, and three bedroom rental prices have changed by 0.17% year-over-year.
What is a reasonable rent price in DUMBO, New York, NY?
A reasonable rent price in DUMBO, New York, NY is around $4,476/month. You can search for these reasonably priced rental listings on RentHop.
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