Average Rent in Prospect Heights, New York, NY

Current Versus Historical Prospect Heights, New York, NY Rents

Prospect Heights rentals average $3,600 for a studio rental to $7,400 for a 3-bedroom rental. The median price of all currently available listings is $4,165, or roughly $6 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 $48 (1.38%) year-over-year from $3,497 to $3,545. 1-bedroom rentals prices have increased by $70 (1.61%) year-over-year from $4,330 to $4,400. 2-bedroom rentals prices have decreased by $755 (-11.89%) year-over-year from $6,353 to $5,598. 3-bedroom rentals prices have decreased by $898 (-12.14%) year-over-year from $7,398 to $6,500. 4-bedroom rentals prices have decreased by $5,255 (-46.71%) year-over-year from $11,250 to $5,995. 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 0.40% this month. 1-bedroom rents have gone up by 1.77% this month. 2-bedroom rents have gone down by 0.59% this month. 3-bedroom rents have gone up by 8.36% this month. 4-bedroom rents have gone down by 12.22% this month.

Beds	Price / Sqft	Jul 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$8.00	$3,545	$3,497 (1.38%)	$2,533 (39.95%)
1 BR	$6.85	$4,400	$4,330 (1.61%)	$2,549 (72.61%)
2 BR	$6.01	$5,598	$6,353 (-11.89%)	$3,145 (77.99%)
3 BR	N/A	$6,500	$7,398 (-12.14%)	$3,833 (69.60%)

Historical Rents in Prospect Heights, New York, NY

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Prospect Heights

There are a total of 15 cities nearby Prospect Heights. The average rent in Prospect Heights is currently $3,179 per month. A total of 11 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 Prospect Heights, New York, NY is Ocean Beach, NY. Monthly rents here are on average $8,000 per month.

Let's compare Prospect Heights, New York, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in Prospect Heights, New York, NY is 48.61% more expensive than other cities nearby. One bedrooms are about 48.76% more expensive. Two bedrooms in Prospect Heights, New York, NY are about 42.00% more expensive. Finally, rent for three bedrooms are about 42.94% more expensive. Want more information? Check out the top 10 cities out of 15 total cities near Prospect Heights, 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 Prospect Heights

There are a total of 51 neighborhoods in or near Prospect Heights. Some of these neighborhoods include East Flatbush, Flatbush, and Ridgewood. We've included the top 30 neighborhoods out of 51 total neighborhoods in or near Prospect Heights, New York, NY in the following chart.

The average rent for these 30 neighborhoods in or near Prospect Heights, New York, NY is currently around $4,495 per month. A total of 18 neighborhoods have a lower average rent. Meaning, only twelve neighborhoods have a higher average rent than $4,495. Interestingly, the neighborhoods' average rent is higher than Prospect Heights's average rent, which is only $4,165. Out of all the neighborhoods in or near Prospect Heights, 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 Prospect Heights. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
East Flatbush, New York, NY	$1,750	$2,435	$3,050	$3,162
Flatbush, New York, NY	$2,562	$3,100	$3,150	$3,200
Ridgewood, New York, NY	$2,495	$2,750	$3,375	$3,300
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
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
Downtown Brooklyn, New York, NY	$3,484	$4,350	$6,000	$4,500
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
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 Prospect Heights

There are a total of 51 counties located by Prospect Heights, 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 18 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 Prospect Heights, New York, NY.

Typically, rent for studios in Prospect Heights, New York, NY is 47.22% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Prospect Heights, New York, NY is 40.28% more expensive than other counties nearby. Finally, rent for two bedrooms in Prospect Heights, New York, NY is 42.00% 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 Prospect Heights

There are a total of 44 zipcodes in or near Prospect Heights, New York, NY. The average rent for all of these zipcodes is $4,596. A total of 14 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 Prospect Heights, 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 Prospect Heights, New York, NY. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
11238, New York, NY	$3,517	$3,570	$4,909	$4,351
11217, New York, NY	$3,598	$4,395	$5,650	$4,165
11216, New York, NY	$2,547	$2,999	$3,761	$3,700
11201, New York, NY	$3,501	$4,400	$6,413	$4,785
11206, New York, NY	$2,925	$3,400	$3,900	$3,974
11221, New York, NY	$2,400	$2,900	$3,400	$3,500
11226, New York, NY	$2,550	$3,100	$3,210	$3,210
11211, New York, NY	$3,976	$4,792	$5,600	$5,250
10002, New York, NY	$2,738	$4,195	$5,250	$5,873
10004, New York, NY	$3,600	$4,700	$7,269	$4,042

Frequently Asked Questions - Prospect Heights Average Rents

What is the average rent price in Prospect Heights, New York, NY?

The average monthly rental price for Prospect Heights, New York, NY apartments for rent is approximately $4,165. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Prospect Heights, 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 Prospect Heights, New York, NY.

How much is a studio apartment in Prospect Heights, New York, NY?

The average monthly rental price for studio apartments is $3,600 and an average price per square feet of $8.00. There are a total of 49 studio apartment listings currently available for rent in Prospect Heights.

How much is a one bedroom apartment in Prospect Heights, New York, NY?

The average monthly rental price for one bedroom apartments is $4,413 and an average price per square feet of $6.85. There are a total of 44 one bedroom apartment listings currently available for rent in Prospect Heights.

How much is a two bedroom apartment in Prospect Heights, New York, NY?

The average monthly rental price for two bedroom apartments is $5,991 and an average price per square feet of $6.01. There are a total of 32 two bedroom apartment listings currently available for rent in Prospect Heights.

How have rent prices in Prospect Heights, New York, NY changed this year?

Rent prices for rentals in Prospect Heights, New York, NY can fluctuate yearly. Specifically, studio rental prices have changed by 0.01%, one bedroom rental prices have changed by 0.02%, two bedroom rental prices have changed by -0.12%, and three bedroom rental prices have changed by -0.12% year-over-year.

What is a reasonable rent price in Prospect Heights, New York, NY?

A reasonable rent price in Prospect Heights, New York, NY is around $3,332/month. You can search for these reasonably priced rental listings on RentHop.