Average Rent and Costs in DUMBO, New York, NY

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There are currently active 46 listings advertised for rent in DUMBO, New York, NY. DUMBO rentals average $3,878 for a studio rental to $0 for a 3-bedroom rental. The median price of all currently available listings is $5,104, or roughly $88 per square feet.
For the apartment units and housing in February 2023, median rents have risen substantially over the last year. Studio rentals prices have increased by $485 (14.41%) year-over-year from $3,365 to $3,850. 1-bedroom rentals prices have increased by $469 (10.53%) year-over-year from $4,455 to $4,924. 2-bedroom rentals prices have increased by $836 (13.97%) year-over-year from $5,986 to $6,823. 3-bedroom rentals prices have increased by $2,291 (32.13%) year-over-year from $7,129 to $9,420. 4-bedroom rentals prices have decreased by $17,750 (-71.00%) year-over-year from $25,000 to $7,250. 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 5.87% this month. 1-bedroom rents have gone up by 2.50% this month. 2-bedroom rents have gone down by 1.38% this month. 3-bedroom rents have gone down by 5.29% this month. 4-bedroom rents have gone up by 3.60% this month.
Current Availabilities February 2023
Bedrooms     Rent Price / sqft     Whole Month Rent 1 Yr Ago Rent (% Change) 3 Yr Ago Rent (% Change)
Studio $3,878 N/A $3,850 $3,365 (14.41%) $3,248 (18.52%)
1 BR $4,888 $98 $4,924 $4,455 (10.53%) $4,258 (15.64%)
2 BR $6,848 N/A $6,823 $5,986 (13.97%) $5,998 (13.75%)

Historical Rents in DUMBO, New York, NY

Studio
1 Bedroom
2 Bedroom
3 Bedroom
4 Bedroom

Top Cities Near DUMBO

There are a total of 25 cities nearby DUMBO. The average rent in DUMBO is currently $3,000 per month. A total of 23 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 DUMBO, New York, NY is Spring Lake, NJ. Monthly rents here are on average $11,500 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 51.01% more expensive than other cities nearby. One bedrooms are about 58.57% more expensive. Two bedrooms in DUMBO, New York, NY are about 58.74% more expensive. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 10 cities out of 25 total cities near DUMBO, New York, NY in the following chart.
City Studio 1BR 2BR All
Newark, NJ $1,950 $1,450 $1,800 $2,000
Yonkers, NY $1,675 $1,750 $2,275 $2,197
Bayonne, NJ $2,000 $1,824 $2,400 $2,227
Elizabeth, NJ $2,000 $2,108 $2,375 $2,400
Union City, NJ $2,500 $2,100 $2,400 $2,600
Jersey City, NJ $2,300 $2,595 $2,700 $2,750
West New York, NJ $2,250 $2,789 $3,100 $2,800
Fort Lee, NJ $1,488 $2,500 $3,048 $2,885
Hoboken, NJ $3,219 $3,000 $4,000 $3,382
New York, NY $3,200 $3,950 $4,900 $4,050

Top Neighborhoods Near DUMBO

There are a total of 56 neighborhoods in or near DUMBO. Some of these neighborhoods include Crown Heights, Bedford-Stuyvesant, and Little Italy. We've included the top 30 neighborhoods out of 56 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 $4,003 per month. A total of 49 neighborhoods have a lower average rent. Out of all the neighborhoods in or near DUMBO, Greenville has the most affordable average rent at $2,200 per month. Whereas, at $7,500 average rent per month, SoHo is the most expensive neighborhood in or near DUMBO. View the following chart for more information.
Neighborhood Studio 1BR 2BR All
Crown Heights, New York, NY $2,828 $2,425 $3,247 $2,995
Bedford-Stuyvesant, New York, NY $2,350 $2,600 $2,942 $3,162
Little Italy, New York, NY $3,300 $3,448 $4,648 $3,500
The Waterfront, Jersey City, NJ $2,838 $3,311 $4,480 $3,706
Fort Greene, New York, NY $3,163 $4,025 $6,325 $3,765
Brooklyn Heights, New York, NY $3,075 $3,900 $6,398 $3,925
Financial District, New York, NY $3,295 $4,150 $5,966 $3,975
Murray Hill, New York, NY $3,300 $3,825 $4,250 $3,995
Clinton Hill, New York, NY $3,069 $3,738 $5,495 $4,010
Kips Bay, New York, NY $3,535 $3,830 $4,795 $4,095
Lower East Side, New York, NY $2,488 $3,200 $4,295 $4,195
Downtown Brooklyn, New York, NY $3,195 $4,051 $5,734 $4,255
Bowery, New York, NY $4,225 $3,500 $4,319 $4,265
NoLita, New York, NY $3,345 $4,295 $4,995 $4,295
Prospect Heights, New York, NY $3,530 $4,298 $6,700 $4,300
Williamsburg, New York, NY $3,748 $4,512 $4,310 $4,341
East Village, New York, NY $2,600 $3,495 $4,495 $4,395
Greenpoint, New York, NY $3,244 $4,300 $4,645 $4,450
NoHo, New York, NY $3,550 $4,250 $6,895 $4,495
Chelsea, New York, NY $3,613 $4,950 $6,895 $4,750
Midtown South, New York, NY $3,700 $4,775 $7,249 $4,815
Battery Park City, New York, NY $3,313 $3,850 $8,215 $4,880
Greenwich Village, New York, NY $3,250 $5,395 $5,500 $4,910
West Village, New York, NY $3,750 $4,750 $5,495 $4,995
Flatiron District, New York, NY $3,700 $5,500 $8,685 $5,334
Gramercy Park, New York, NY $3,600 $4,275 $5,395 $5,549
NoMad, New York, NY $4,455 $5,218 $8,847 $5,587
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $4,726 $5,699 $5,614
Tribeca, New York, NY $5,000 $5,045 $7,248 $6,875
SoHo, New York, NY $3,200 $5,750 $15,000 $7,500

Top Counties Near DUMBO

County Studio 1BR 2BR All
Newark, NJ $1,950 $1,450 $1,800 $2,000
Bayonne, NJ $2,000 $1,824 $2,400 $2,227
Union City, NJ $2,500 $2,100 $2,400 $2,600
North Bergen, NJ $1,800 $1,925 $3,300 $2,625
Jersey City, NJ $2,300 $2,595 $2,700 $2,750
West New York, NJ $2,250 $2,789 $3,100 $2,800
Queens, New York, NY $3,015 $2,675 $3,200 $3,000
Hoboken, NJ $3,219 $3,000 $4,000 $3,382
Brooklyn, New York, NY $3,400 $3,750 $3,500 $3,595
Manhattan, New York, NY $3,200 $3,995 $5,200 $4,293

Top Zipcodes Near DUMBO

Zipcode Studio 1BR 2BR All
11201, New York, NY $3,194 $4,113 $5,795 $4,451
10038, New York, NY $3,198 $4,113 $5,895 $4,027
10002, New York, NY $2,859 $3,250 $4,295 $4,200
10005, New York, NY $3,387 $4,150 $6,045 $3,973
10007, New York, NY $4,823 $5,500 $7,195 $6,500
10013, New York, NY $3,500 $4,048 $6,598 $4,500
11217, New York, NY $3,495 $4,300 $6,500 $4,318
10012, New York, NY $3,095 $4,295 $5,250 $4,295
10009, New York, NY $2,599 $3,425 $4,495 $4,295
11211, New York, NY $3,690 $4,569 $5,949 $4,600
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