Average Rent in Prospect Heights, New York, NY

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Current Versus Historical Prospect Heights, New York, NY Rents

Prospect Heights rentals average $3,451 for a studio rental to $6,940 for a 3-bedroom rental. The median price of all currently available listings is $4,300, or roughly $6 per square feet.
For the apartment units and housing in March 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $122 (-3.42%) year-over-year from $3,573 to $3,451. 1-bedroom rentals prices have increased by $32 (0.74%) year-over-year from $4,263 to $4,295. 2-bedroom rentals prices have decreased by $334 (-5.25%) year-over-year from $6,371 to $6,037. 3-bedroom rentals prices have decreased by $4,623 (-45.33%) year-over-year from $10,198 to $5,575. 4-bedroom rentals prices have increased by $4,839 (79.19%) year-over-year from $6,111 to $10,950. 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 0.49% this month. 1-bedroom rents have gone down by 0.46% this month. 2-bedroom rents have gone up by 0.24% this month. 3-bedroom rents have gone down by 10.18% this month. 4-bedroom rents have gone down by 9.25% this month.
Beds
Price / Sqft
Mar 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $5.01 $3,451 $3,573 (-3.42%) $2,031 (69.94%)
1 BR $6.69 $4,295 $4,263 (0.74%) $2,460 (74.59%)
2 BR $4.50 $6,037 $6,371 (-5.25%) $3,046 (98.21%)
3 BR N/A $5,575 $10,198 (-45.33%) $3,317 (68.09%)

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 35 cities nearby Prospect Heights. The average rent in Prospect Heights is currently $3,150 per month. A total of 26 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 Prospect Heights, New York, NY is Sea Girt, NJ. Monthly rents here are on average $17,000 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 55.09% more expensive than other cities nearby. One bedrooms are about 47.94% more expensive. Two bedrooms in Prospect Heights, New York, NY are about 49.57% more expensive. Finally, rent for three bedrooms are about 42.36% more expensive. Want more information? Check out the top 10 cities out of 35 total cities near Prospect Heights, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Bayonne, NJ N/A $2,054 $2,250 $2,250
Newark, NJ $2,250 $2,097 $2,100 $2,300
Elizabeth, NJ $2,350 $1,888 $2,200 $2,433
West New York, NJ N/A $2,413 $2,625 $2,600
Jersey City, NJ $2,448 $2,600 $2,655 $2,700
Union City, NJ $1,900 $2,300 $2,850 $2,800
Cliffside Park, NJ N/A $1,975 $3,500 $3,150
Hoboken, NJ $3,250 $3,050 $4,200 $3,550
Edgewater, NJ N/A $2,700 $3,700 $3,800
New York, NY $3,450 $4,150 $5,000 $4,250

Top Neighborhoods Near Prospect Heights

There are a total of 51 neighborhoods in or near Prospect Heights. Some of these neighborhoods include East Flatbush, Bay Ridge, and Ocean Hill. 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 $4,088 per month. A total of 28 neighborhoods have a lower average rent. Meaning, only two neighborhoods have a higher average rent than $4,088. Out of all the neighborhoods in or near Prospect Heights, The Heights has the most affordable average rent at $2,750 per month. Whereas, at $8,125 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 $3,050 $2,300 $2,900 $2,775
Bay Ridge, New York, NY $3,000 $2,200 $2,877 $2,800
Ocean Hill, New York, NY N/A $3,150 $2,700 $3,000
Flatbush, New York, NY $2,520 $2,871 $3,295 $3,000
Crown Heights, New York, NY $2,800 $2,900 $3,675 $3,297
Bedford-Stuyvesant, New York, NY $2,674 $2,821 $3,000 $3,300
Bushwick, New York, NY $2,539 $2,900 $3,450 $3,400
Ridgewood, New York, NY $2,250 $2,298 $3,108 $3,450
Bowery, New York, NY $2,600 $3,625 $4,000 $3,499
Clinton Hill, New York, NY $3,100 $3,334 $4,519 $3,600
The Waterfront, Jersey City, NJ $3,000 $3,500 $4,507 $3,664
Little Italy, New York, NY $3,000 $4,850 $4,000 $3,900
Downtown Brooklyn, New York, NY $3,425 $4,132 $5,700 $4,088
Lower East Side, New York, NY $3,500 $3,495 $4,495 $4,295
Murray Hill, New York, NY $3,500 $4,000 $6,490 $4,300
Financial District, New York, NY $3,495 $4,385 $6,166 $4,334
Kips Bay, New York, NY $3,775 $3,935 $4,995 $4,405
NoLita, New York, NY $3,595 $4,495 $4,895 $4,495
East Village, New York, NY $2,625 $3,495 $4,495 $4,495
Williamsburg, New York, NY $3,672 $4,088 $4,549 $4,650
Flatiron District, New York, NY $3,650 $5,600 $5,925 $4,650
Greenwich Village, New York, NY $4,004 $5,198 $5,100 $4,850
Battery Park City, New York, NY $3,500 $4,288 $6,250 $5,095
Greenpoint, New York, NY $3,550 $4,632 $6,013 $5,100
West Village, New York, NY $4,475 $4,995 $5,400 $5,275
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,037 $6,054 $5,395
NoMad, New York, NY $4,383 $5,480 $8,123 $5,659
Gramercy Park, New York, NY $3,815 $5,043 $5,469 $6,295
Tribeca, New York, NY $4,500 $5,695 $7,345 $6,873
SoHo, New York, NY $3,300 $4,964 $12,500 $7,725

Top Counties Near Prospect Heights

There are a total of 51 counties located by Prospect Heights, New York, NY. Some of these counties include Bayonne, NJ, Newark, NJ, and West New York, NJ. The average rent for rentals in these counties is $3,414. That's roughly around $3 per sqft. A total of 33 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 $15,000, Westport, CT is the most expensive county by Prospect Heights, New York, NY.

Typically, rent for studios in Prospect Heights, New York, NY is 50.74% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Prospect Heights, New York, NY is 44.36% more expensive than other counties nearby. Finally, rent for two bedrooms in Prospect Heights, New York, NY is 48.60% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
Bayonne, NJ N/A $2,054 $2,250 $2,250
Newark, NJ $2,250 $2,097 $2,100 $2,300
West New York, NJ N/A $2,413 $2,625 $2,600
Jersey City, NJ $2,448 $2,600 $2,655 $2,700
North Bergen, NJ N/A $2,050 $2,800 $2,914
Cliffside Park, NJ N/A $1,975 $3,500 $3,150
Queens, New York, NY $2,952 $2,795 $3,200 $3,200
Hoboken, NJ $3,250 $3,050 $4,200 $3,550
Brooklyn, New York, NY $3,433 $3,850 $3,850 $3,793
Manhattan, New York, NY $3,495 $4,295 $5,495 $4,477

Top Zipcodes Near Prospect Heights

There are a total of 50 zipcodes in or near Prospect Heights, New York, NY. The average rent for all of these zipcodes is $4,317. A total of 25 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 $2,800 per month. In comparison, the zipcode with the most expensive average rent of $9,950 per month is 07762, Spring Lake Heights, NJ.

Studios in these zipcodes have an average rent of $3,200. 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 $3,978 per month. Or in other words, $6 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,400 per month. Which comes out to $6 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 $3,395 $4,070 $6,000 $4,095
11217, New York, NY $3,545 $4,380 $6,496 $4,300
11216, New York, NY $2,749 $2,940 $3,300 $3,400
11201, New York, NY $3,425 $4,140 $5,765 $4,175
11206, New York, NY $2,900 $3,350 $4,004 $4,200
11221, New York, NY $2,539 $2,850 $3,000 $3,371
11226, New York, NY $2,447 $2,995 $3,450 $3,000
11211, New York, NY $3,665 $4,150 $4,650 $4,799
10002, New York, NY $2,500 $3,495 $4,495 $4,295
10004, New York, NY $3,624 $4,567 $6,250 $4,271

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 $4,300. 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 $3,451 and an average price per square feet of $5.01. There are a total of 87 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 $4,370 and an average price per square feet of $6.69. There are a total of 198 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 $6,110 and an average price per square feet of $4.50. There are a total of 53 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 -0.03%, one bedroom rental prices have changed by 0.01%, two bedroom rental prices have changed by -0.05%, and three bedroom rental prices have changed by -0.45% 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 $3,440/month. You can search for these reasonably priced rental listings on RentHop.
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