Average Rent in DUMBO, New York, NY

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Current Versus Historical DUMBO, New York, NY Rents

DUMBO rentals average $4,514 for a studio rental to $12,863 for a 3-bedroom rental. The median price of all currently available listings is $5,975, or roughly $5 per square feet.
For the apartment units and housing in February 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $83 (-2.17%) year-over-year from $3,833 to $3,750. 1-bedroom rentals prices have decreased by $161 (-3.25%) year-over-year from $4,956 to $4,795. 2-bedroom rentals prices have increased by $468 (6.87%) year-over-year from $6,808 to $7,275. 3-bedroom rentals prices have increased by $1,151 (12.02%) year-over-year from $9,576 to $10,726. 4-bedroom rentals prices have increased by $21,333 (156.10%) year-over-year from $13,667 to $35,000. 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 0.90% this month. 1-bedroom rents have gone down by 1.36% this month. 2-bedroom rents have gone up by 3.80% this month. 3-bedroom rents have gone up by 12.12% this month. 4-bedroom rents have gone down by 0.00% this month.
Beds
Price / Sqft
Feb 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio N/A $3,750 $3,833 (-2.17%) $2,831 (32.47%)
1 BR $6.92 $4,795 $4,956 (-3.25%) $3,868 (23.98%)
2 BR $4.92 $7,275 $6,808 (6.87%) $5,666 (28.39%)
3 BR $4.25 $10,726 $9,576 (12.02%) $6,933 (54.72%)

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 $3,100 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 $1,800, 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 $16,000 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 59.57% more expensive than other cities nearby. One bedrooms are about 51.48% more expensive. Two bedrooms in DUMBO, New York, NY are about 54.63% more expensive. Finally, rent for three bedrooms are about 69.68% 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 $2,200 $2,025 $2,135 $2,300
Bayonne, NJ N/A $2,169 $2,400 $2,378
Union City, NJ N/A $2,250 $2,750 $2,800
Jersey City, NJ $2,250 $2,900 $2,900 $2,900
West New York, NJ $2,264 $2,600 $3,000 $2,900
Fort Lee, NJ $1,825 $2,825 $3,345 $3,100
Cliffside Park, NJ N/A $2,623 $3,095 $3,200
Hoboken, NJ $3,001 $2,913 $4,000 $3,330
Edgewater, NJ $2,250 $2,800 $3,850 $3,500
New York, NY $3,350 $4,079 $4,904 $4,153

Top Neighborhoods Near DUMBO

There are a total of 65 neighborhoods in or near DUMBO. Some of these neighborhoods include Bedford-Stuyvesant, Park Slope, and The Waterfront. We've included the top 30 neighborhoods out of 65 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 $3,795 per month. A total of 62 neighborhoods have a lower average rent. Out of all the neighborhoods in or near DUMBO, Elmhurst has the most affordable average rent at $2,520 per month. Whereas, at $8,000 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 $2,250 $2,920 $3,000 $3,100
Park Slope, New York, NY $2,700 $3,250 $3,495 $3,495
The Waterfront, Jersey City, NJ $2,891 $3,340 $4,500 $3,544
Clinton Hill, New York, NY $3,467 $3,568 $4,757 $3,594
Fort Greene, New York, NY $3,495 $3,880 $6,495 $3,739
Little Italy, New York, NY $3,250 $4,000 $4,750 $3,750
Bowery, New York, NY $2,785 $3,299 $4,100 $3,795
Murray Hill, New York, NY $3,375 $3,995 $4,395 $3,937
Downtown Brooklyn, New York, NY $3,475 $4,100 $5,713 $4,055
Financial District, New York, NY $3,400 $4,334 $5,644 $4,152
Prospect Heights, New York, NY $3,451 $4,295 $5,991 $4,430
Kips Bay, New York, NY $3,685 $3,845 $4,995 $4,444
Williamsburg, New York, NY $3,710 $4,312 $4,310 $4,485
NoLita, New York, NY $3,495 $4,495 $4,995 $4,495
East Village, New York, NY $2,785 $3,595 $4,495 $4,495
Lower East Side, New York, NY $3,899 $3,250 $4,495 $4,495
NoHo, New York, NY $3,675 $4,500 $6,650 $4,500
Greenpoint, New York, NY $3,500 $4,500 $6,293 $4,767
Chelsea, New York, NY $3,500 $5,241 $7,088 $4,915
Midtown South, New York, NY $3,525 $4,995 $7,995 $5,000
Battery Park City, New York, NY $3,390 $4,030 $7,255 $5,095
West Village, New York, NY $3,650 $5,100 $5,785 $5,100
Greenwich Village, New York, NY $4,003 $5,200 $7,850 $5,195
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,014 $6,254 $5,390
Carroll Gardens, New York, NY $5,300 $3,500 $5,041 $5,500
NoMad, New York, NY $4,383 $5,544 $8,549 $5,575
Flatiron District, New York, NY $3,800 $5,800 $9,500 $5,800
Gramercy Park, New York, NY $3,725 $5,000 $5,675 $5,925
Tribeca, New York, NY $4,500 $5,715 $7,409 $6,895
SoHo, New York, NY $3,200 $4,250 $11,326 $7,622

Top Counties Near DUMBO

There are a total of 65 counties located by DUMBO, New York, NY. Some of these counties include Newark, NJ, Bayonne, NJ, and Jersey City, NJ. The average rent for rentals in these counties is $3,200. That's roughly around $3 per sqft. A total of 40 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $1,800. Vice versa, with an average rent of $16,000, Westport, CT is the most expensive county by DUMBO, New York, NY.

Typically, rent for studios in DUMBO, New York, NY is 57.90% more expensive than other counties nearby. In comparison, rent for one bedroom listings in DUMBO, New York, NY is 50.97% more expensive than other counties nearby. Finally, rent for two bedrooms in DUMBO, New York, NY is 56.02% 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 $2,200 $2,025 $2,135 $2,300
Bayonne, NJ N/A $2,169 $2,400 $2,378
Jersey City, NJ $2,250 $2,900 $2,900 $2,900
West New York, NJ $2,264 $2,600 $3,000 $2,900
North Bergen, NJ $2,900 $2,100 $2,954 $2,995
Queens, New York, NY $2,703 $2,600 $3,080 $3,100
Cliffside Park, NJ N/A $2,623 $3,095 $3,200
Hoboken, NJ $3,001 $2,913 $4,000 $3,330
Brooklyn, New York, NY $3,451 $3,650 $3,675 $3,600
Manhattan, New York, NY $3,384 $4,250 $5,500 $4,400

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 $4,301. A total of 46 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 $2,680 per month. In comparison, the zipcode with the most expensive average rent of $9,700 per month is 07762, Spring Lake Heights, NJ.

Studios in these zipcodes have an average rent of $3,288. 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 $3,863 per month. Or in other words, $6 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,254 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 $3,475 $4,140 $6,000 $4,204
10038, New York, NY $3,378 $4,250 $5,682 $4,194
10002, New York, NY $3,795 $3,395 $4,495 $4,495
10005, New York, NY $3,448 $4,334 $5,309 $4,170
10007, New York, NY $4,750 $6,000 $8,250 $6,575
10013, New York, NY $3,500 $5,428 $7,548 $6,600
11217, New York, NY $3,465 $4,395 $6,375 $4,250
10012, New York, NY $3,495 $4,395 $5,395 $4,495
10009, New York, NY $2,625 $3,595 $4,495 $4,495
11211, New York, NY $3,698 $4,353 $4,400 $4,600

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 $5,975. 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 $4,514 and an average price per square feet of $0. 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 $4,895 and an average price per square feet of $6.92. There are a total of 15 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 $6,822 and an average price per square feet of $4.92. There are a total of 15 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 0.07%, and three bedroom rental prices have changed by 0.12% 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 $4,780/month. You can search for these reasonably priced rental listings on RentHop.
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