GITNUX MARKETDATA REPORT 2024

Statistics About The Average Rent Brooklyn

The average rent in Brooklyn is around $2,900 per month.

Last Updated: June 23, 2024

How we write

In this post, we will explore the average rent in Brooklyn based on a range of key statistics. From the varying rental prices across different neighborhoods to insights on apartment sizes and trends in rent growth, we will provide a comprehensive overview of the current rental market landscape in Brooklyn. Whether you’re a prospective tenant, a property investor, or simply curious about real estate trends, these statistics will give you a clear picture of what to expect when it comes to renting in Brooklyn.

Statistic 1

"Brooklyn Heights has an average rent of $3,850 for a one-bedroom apartment."

Statistic 2

"The median rent in Brooklyn is $3,200 across all apartment sizes."

Statistic 3

"The South Brooklyn area has some of the lowest average rents, around $1,800 for a one-bedroom apartment."

Statistic 4

"The average rent for a two-bedroom apartment in Brooklyn is approximately $3,500 per month."

Statistic 5

"Park Slope has an average rent of $3,100 for a two-bedroom apartment."

Statistic 6

"The average rent for a one-bedroom apartment in Brooklyn is $2,700 per month as of August 2023."

Statistic 7

"Fort Greene has seen a 5% increase in average rent year over year."

Statistic 8

"As of August 2023, average studio apartment rents in Brooklyn are around $2,200 per month."

Statistic 9

"Greenpoint's average rent for a one-bedroom apartment is $2,900 per month."

Statistic 10

"The neighborhood of DUMBO in Brooklyn has the highest average rent, exceeding $4,500 per month."

Statistic 11

"The Cobble Hill neighborhood has seen an average rent increase of about 8% over the past year."

Statistic 12

"The average rent for a three-bedroom apartment in Brooklyn is roughly $4,200 per month."

Statistic 13

"Rent prices in Brooklyn have outpaced those in Manhattan, with a 9% year-over-year growth."

Statistic 14

"Downtown Brooklyn has an average rent of $3,800 for a two-bedroom apartment."

Statistic 15

"The average rent for a luxury apartment in Brooklyn is around $5,200 per month."

Statistic 16

"The Brooklyn rental market inventory is up 15% compared to the previous year."

Statistic 17

"Over 60% of Brooklyn households are renters as of the latest census data."

Statistic 18

"The average rent in Brooklyn's Williamsburg neighborhood is $3,300 for a one-bedroom apartment."

Statistic 19

"Nearly one-third of Brooklyn renters spend more than half of their income on rent."

Statistic 20

"Rent in Brooklyn has increased by 7% over the past year."

In conclusion, the statistics paint a diverse and evolving picture of the rental market in Brooklyn, showcasing varying rent averages across different neighborhoods and apartment sizes. From the relatively more affordable South Brooklyn area to the upscale neighborhoods like DUMBO and Cobble Hill, renters have a wide range of options to choose from. The data also highlights the steady increase in rent prices, outpacing those in Manhattan, along with a significant portion of renters facing financial strain due to rent costs. Overall, the statistics demonstrate the dynamic nature of the Brooklyn rental market and the importance of staying informed and proactive when navigating the city’s housing landscape.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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