Rental market trends in Brooklyn, NY
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Average Apartment Cost in Brooklyn, NY
The average rent for apartments in Brooklyn, NY, is between $2,900 and $3,500 in 2023. For a studio apartment in Brooklyn, NY, the average rent is $3,145. When it comes to 1-bedroom apartments, the average rent in Brooklyn, NY, is $3,500. For a 2-bedroom apartment, the average rent is $2,900.
Apartment Rent Ranges in Brooklyn, NY
| Apartment Prices | Proportion | |||
|---|---|---|---|---|
0% | 0% | 1% | 6% | 93% |
How Other Cities Compare to Brooklyn, NY
| City | Studio Avg Rent | Annual Change |
|---|---|---|
| New York | $4,064 | +2% |
| Jersey City | $3,769 | +7% |
| Long Island City | $3,401 | +1% |
| Weehawken | $3,357 | +1% |
| Hoboken | $3,125 | +39% |
| Maplewood | $2,305 | -- |
| Bronx | $2,158 | +42% |
| Stamford | $1,999 | +8% |
| Queens | $1,700 | +5% |
| Montclair | $1,650 | +14% |
| City | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| New York | $5,370 | +22% |
| Jersey City | $4,080 | +5% |
| Long Island City | $4,061 | +2% |
| Weehawken | $3,494 | -15% |
| Hoboken | $2,990 | -16% |
| Stamford | $2,482 | -2% |
| Maplewood | $2,425 | -- |
| Bronx | $2,349 | +28% |
| Montclair | $2,190 | +12% |
| Queens | $2,000 | +5% |
| City | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| New York | $7,943 | +194% |
| Long Island City | $5,983 | 0% |
| Weehawken | $4,975 | -2% |
| Jersey City | $4,712 | -5% |
| Hoboken | $4,250 | -7% |
| Stamford | $3,375 | -3% |
| Montclair | $2,725 | +21% |
| Queens | $2,600 | +9% |
| Maplewood | $2,200 | -- |
| Bronx | $2,017 | -8% |
Brooklyn, NY Rent Trends
| Studio | 1 Bed | 2 Beds | ||||||||||
| Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 |
| $3676 | $3784 | $3600 | $3687 | $3536 | $3672 | $3736 | $3761 | $3647 | $3520 | $3392 | $3411 | $3652 |
| $4359 | $4358 | $4119 | $4112 | $4000 | $4191 | $4226 | $4330 | $4319 | $3750 | $3500 | $3500 | $3500 |
| $2700 | $2600 | $2500 | $2600 | $2700 | $2850 | $3200 | $3000 | $3250 | $2800 | $2900 | $3100 | $3350 |
| $2995 | $2995 | $3000 | $3050 | $3084 | $3300 | $3200 | $3175 | $3175 | $3150 | $3175 | $3200 | $3199 |
