Next up is Williamsburg, where apartments go for $3,514/month, followed by Clinton Hill with $2,951 If you’re looking to rent in Brooklyn’s most popular neighborhoods, make sure to also check out Crown Heights, where renters pay $2,423 on average, and Park Slope, where the average monthly rent is $3,559. Downtown Brooklyn - Average Rent: $4,660 Perhaps no neighborhood has seen such a dramatic and sudden shift in its market as the Downtown Brooklyn area. At 77.12%, apartments priced over $2,000 represent the bulk of Brooklyn, New York rentals, while condos priced $700 - $1000 hold the lowest share of the market – 0.18%. This is a 21% decrease compared to the previous year. Check out our apartments near you for more details! At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets. The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Brooklyn, New York apartment buildings 50 units or larger. Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. Overall, the median year renters have occupied their Brooklyn, New York condos for rent is 2010. Renter-occupied units make up 70% of the local housing market, while the rental vacancy rate in Brooklyn, New York is at 3.4. Overall, the median number of rooms in Brooklyn, New York homes for rent is 3.7. Exceptions: Data sourced from U.S. Census Bureau; American Community Survey, 2018 American Community Survey 5-Year Estimates. Average Rent in Brooklyn, NY Last updated February 2020 The average size for a Brooklyn, NY apartment is 651 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Check out New York Cities, New York Neighborhoods and New York Zip Codes for more details on verified listings, including the New York Average Rent. The average size for a Brooklyn, NY apartment is 651 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. In terms of education, renters holding bachelor degrees or higher make up 35% of the rental market. If you’re looking for other great deals, check out the listings from Homecrest ($1,786), Bergen Beach ($1,789), and Flatlands ($1,789), where the asking prices are below the average Brooklyn rent of $2,951/mo. 359,836 or 38% of the households in Brooklyn, NY are renter-occupied while 574,789 or 61% are owner-occupied. Average single family rent calculated from point2homes.com data. Renter-occupied units make up 70% of the local housing market, while the rental vacancy rate in Brooklyn, New York is at 3.4. Renters take up 70% of Brooklyn, New York real estate, occupying a total of 665,526 units, while homeowners live in 285,330 properties. With related children of the householder under 18, No related children of the householder under 18, Renter-occupied housing units by no. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 5,865 units. Last updated on November 21, 2020. Additionally, 30% of rental homes include children under the age of 18 – that’s 201,130 units. In contrast, residents with less than a high school degree reside in 19% of the homes for rent in Brooklyn, New York. Most Brooklyn, New York renters (34%) moved in 2010 to 2014, while only 5% of them moved in 2017 or later. Most condos for rent in Brooklyn, New York are occupied by residents in the 25 - 34 years age group (24%), followed by those in the 35 - 44 years age group (21%). Curious about listings in your area? When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market. The most affordable neighborhoods in Brooklyn are Gerritsen Beach, where the average rent goes for $1,695/month, Madison, where renters pay $1,695/mo on average, and Marine Park, where the average rent goes for $1,697/mo. There are 252,207 rentals in Brooklyn, New York with 2 beds making up the highest share of the market, at 38%. Most neighborhoods undergo a gradual change in types of developments and real estate prices. An apartment for rent in Brooklyn, New York typically goes for $2,951 per month, while a single-family home for rent in Brooklyn, New York has a monthly cost of around $3,229. An apartment for rent in Brooklyn, New York typically goes for $2,951 per month, while a single-family home for rent in Brooklyn, New York has a monthly cost of around $3,125. Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Brooklyn, New York rental market. A total of 371,996 apartments for rent in Brooklyn, New York, or 56% of all rentals are family households. The most popular neighborhood in Brooklyn is Bushwick, where there are 9 verified RENTCafé listings with an average rent of $3,140. When it comes to transportation options, 68% of Brooklyn, New York renters have no vehicle available per household, 27% of them have 1 vehicle available, and 4% have 2 vehicles available. More exposure and leads for agents and brokers. of bedrooms, Renter-occupied units by age of householder, Renter-occupied housing units by the presence of own children, Renter-occupied housing units by educational attainment, High school graduate (including equivalency), Renter-occupied units by year structure built, Renter-occupied units by year householder moved in, Renter-occupied housing units by vehicles available, Means of transportation to work of householders living in renter-occupied housing units, Public transportation (excluding taxicab), Taxicab, motorcycle, bicycle, or other means, Geographical mobility in the past year for householders living in renter-occupies housing units, moved from different county within same state, Brooklyn New Homes and Condo Developments, Access comprehensive real estate data and information on. The average rent for an apartment in Brooklyn is $2,951, a 5% increase compared to the previous year. Compared to a year ago, Brooklyn, New York apartments have recorded a 5.28% rent increase. The average rent for an apartment in Brooklyn is $2,951, a 5% increase compared to the previous year. The most expensive neighborhoods in Brooklyn are Carroll Gardens ($3,839), Red Hook ($3,839) and Greenpoint ($4,056). The average rent for a 1-bedroom apartment apartment in Brooklyn, NY is currently $2,496. All in all, the median size of a renter-occupied household in Brooklyn, New York is 2.55. Bath Beach rent is 37% lower than Brooklyn average, Bedford-Stuyvesant rent is 3% higher than Brooklyn average, For more information about the Brooklyn rental trends, check out our monthly rent report. The rental statistics on this page were compiled using data provided by our sister company. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage. The highest share of Brooklyn, New York apartment rentals, namely 49% or 326,056 units, were built 1939 or earlier, followed by those built 1960 - 1969 (11%, 73,605 units), and the ones built 1950 - 1959 (11%, 71,842 units).