Average Rent in DUMBO, New York, NY

Current Versus Historical DUMBO, New York, NY Rents

DUMBO rentals average $4,100 for a studio rental to $11,000 for a 3-bedroom rental. The median price of all currently available listings is $6,991, or roughly $6 per square feet.

For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $70 (1.94%) year-over-year from $3,630 to $3,700. 1-bedroom rentals prices have decreased by $155 (-3.20%) year-over-year from $4,855 to $4,700. 2-bedroom rentals prices have increased by $1,002 (15.43%) year-over-year from $6,495 to $7,497. 3-bedroom rentals prices have increased by $1,131 (9.95%) year-over-year from $11,369 to $12,500. 4-bedroom rentals prices have increased by $21,667 (200.00%) year-over-year from $10,833 to $32,500. 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 0.05% this month. 1-bedroom rents have gone down by 2.02% this month. 2-bedroom rents have gone up by 2.76% this month. 3-bedroom rents have gone up by 10.45% this month. 4-bedroom rents have gone up by 20.44% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$5.97	$3,700	$3,630 (1.94%)	$3,058 (20.99%)
1 BR	$8.72	$4,700	$4,855 (-3.20%)	$3,915 (20.06%)
2 BR	$5.89	$7,497	$6,495 (15.43%)	$5,321 (40.89%)
3 BR	$5.80	$12,500	$11,369 (9.95%)	$6,933 (80.31%)

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 33 cities nearby DUMBO. The average rent in DUMBO is currently $3,000 per month. A total of 30 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 DUMBO, New York, NY is Westport, CT. Monthly rents here are on average $15,000 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 59.76% more expensive than other cities nearby. One bedrooms are about 53.75% more expensive. Two bedrooms in DUMBO, New York, NY are about 58.90% more expensive. Finally, rent for three bedrooms are about 60.00% more expensive. Want more information? Check out the top 10 cities out of 33 total cities near DUMBO, New York, NY in the following chart.

City	Studio	1 Bed	2 Bed	All
Newark, NJ	$2,150	$1,900	$2,100	$2,349
Bayonne, NJ	$2,325	$2,047	$2,400	$2,400
Elizabeth, NJ	$1,861	$1,750	$2,300	$2,400
West New York, NJ	N/A	$2,525	$2,850	$2,695
Jersey City, NJ	$2,803	$2,600	$2,650	$2,700
Union City, NJ	$1,900	$2,300	$2,800	$2,800
Fort Lee, NJ	$1,500	$2,385	$3,148	$2,850
Cliffside Park, NJ	N/A	$2,150	$3,150	$3,000
Hoboken, NJ	$3,215	$3,200	$4,200	$3,700
New York, NY	$3,500	$4,204	$5,150	$4,395

Top Neighborhoods Near DUMBO

There are a total of 54 neighborhoods in or near DUMBO. Some of these neighborhoods include Bedford-Stuyvesant, Crown Heights, and Clinton Hill. We've included the top 30 neighborhoods out of 54 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 $4,405 per month. A total of 53 neighborhoods have a lower average rent. Out of all the neighborhoods in or near DUMBO, East Side has the most affordable average rent at $1,900 per month. Whereas, at $8,325 average rent per month, Ocean Beach 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	$2,388	$2,875	$3,000	$3,204
Crown Heights, New York, NY	$2,800	$2,700	$3,675	$3,375
Clinton Hill, New York, NY	$3,042	$3,500	$5,811	$3,550
The Waterfront, Jersey City, NJ	$3,013	$3,519	$5,082	$3,630
Brooklyn Heights, New York, NY	$3,750	$3,995	$5,900	$3,864
Bowery, New York, NY	$2,870	$3,450	$4,098	$3,973
Downtown Brooklyn, New York, NY	$3,421	$4,195	$5,765	$4,166
Prospect Heights, New York, NY	$3,550	$4,410	$6,100	$4,300
Financial District, New York, NY	$3,495	$4,478	$6,375	$4,315
NoLita, New York, NY	$3,495	$4,495	$4,895	$4,495
East Village, New York, NY	$2,825	$3,600	$4,495	$4,495
Little Italy, New York, NY	$3,900	$5,000	$5,500	$4,500
Midtown East, New York, NY	$3,350	$4,200	$5,595	$4,599
Williamsburg, New York, NY	$3,607	$4,450	$4,650	$4,650
Murray Hill, New York, NY	$3,550	$4,300	$6,525	$4,767
West Village, New York, NY	$4,575	$4,573	$5,995	$4,795
Greenwich Village, New York, NY	$4,150	$4,800	$5,310	$4,800
Kips Bay, New York, NY	$3,785	$4,180	$5,303	$4,810
Greenpoint, New York, NY	$3,495	$4,299	$5,650	$4,877
Midtown South, New York, NY	$3,785	$4,895	$6,893	$4,913
Lower East Side, New York, NY	$3,173	$3,395	$4,495	$4,995
NoHo, New York, NY	$3,850	$4,850	$7,750	$5,000
Flatiron District, New York, NY	$4,050	$5,900	$8,571	$5,175
Chelsea, New York, NY	$4,193	$5,559	$7,790	$5,363
Battery Park City, New York, NY	$3,550	$4,598	$6,750	$5,500
NoMad, New York, NY	$4,455	$5,582	$8,401	$5,693
Stuyvesant Town - Peter Cooper Village, New York, NY	N/A	$5,067	$6,075	$5,848
Gramercy Park, New York, NY	$3,815	$5,000	$5,295	$6,195
SoHo, New York, NY	$2,973	$3,950	$15,000	$6,469
Tribeca, New York, NY	$4,250	$6,125	$7,295	$6,895

Top Counties Near DUMBO

There are a total of 54 counties located by DUMBO, New York, NY. Some of these counties include Newark, NJ, Bayonne, NJ, and West New York, NJ. The average rent for rentals in these counties is $3,485. That's roughly around $3 per sqft. A total of 39 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 $15,000, Westport, CT is the most expensive county by DUMBO, New York, NY.

Typically, rent for studios in DUMBO, New York, NY is 54.14% more expensive than other counties nearby. In comparison, rent for one bedroom listings in DUMBO, New York, NY is 50.73% more expensive than other counties nearby. Finally, rent for two bedrooms in DUMBO, New York, NY is 58.45% 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	$2,150	$1,900	$2,100	$2,349
Bayonne, NJ	$2,325	$2,047	$2,400	$2,400
West New York, NJ	N/A	$2,525	$2,850	$2,695
Jersey City, NJ	$2,803	$2,600	$2,650	$2,700
North Bergen, NJ	$2,250	$2,125	$2,850	$2,850
Cliffside Park, NJ	N/A	$2,150	$3,150	$3,000
Queens, New York, NY	$2,950	$2,775	$3,200	$3,200
Hoboken, NJ	$3,215	$3,200	$4,200	$3,700
Brooklyn, New York, NY	$3,478	$3,950	$4,050	$3,876
Manhattan, New York, NY	$3,557	$4,385	$5,571	$4,595

Top Zipcodes Near DUMBO

There are a total of 50 zipcodes in or near DUMBO, New York, NY. The average rent for all of these zipcodes is $4,495. A total of 48 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 11375, New York, NY at $2,983 per month. In comparison, the zipcode with the most expensive average rent of $8,000 per month is 11770, Ocean Beach, NY.

Studios in these zipcodes have an average rent of $3,286. 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 DUMBO, New York, NY is $4,094 per month. Or in other words, $6 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,334 per month. Which comes out to $6 per sqft. The following chart includes the top 10 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
11201, New York, NY	$3,460	$4,203	$6,000	$4,240
10038, New York, NY	$3,451	$4,500	$6,460	$4,406
10002, New York, NY	$3,248	$3,445	$4,495	$4,600
10005, New York, NY	$3,569	$4,432	$5,851	$4,241
10007, New York, NY	$4,250	$6,125	$7,995	$6,500
10013, New York, NY	$3,900	$5,225	$7,500	$6,700
11217, New York, NY	$3,575	$4,463	$6,259	$4,308
10012, New York, NY	$3,495	$4,395	$4,895	$4,495
10009, New York, NY	$2,625	$3,695	$4,495	$4,495
11211, New York, NY	$3,607	$4,515	$4,800	$4,799

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 $6,991. 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 $4,100 and an average price per square feet of $5.97. There are a total of 2 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 $4,973 and an average price per square feet of $8.72. There are a total of 11 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 $7,495 and an average price per square feet of $5.89. There are a total of 21 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 0.02%, one bedroom rental prices have changed by -0.03%, two bedroom rental prices have changed by 0.15%, and three bedroom rental prices have changed by 0.10% 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 $5,593/month. You can search for these reasonably priced rental listings on RentHop.