One Park Point
11 Ocean Pky,
Brooklyn, NY 11218
1-2 Beds | $3,325 - $8,000
Rental Market Trends in Brooklyn, NY
What is the average rent in Brooklyn, NY?
$2,792/month
Average Rent
555 Sq Ft
Average Apartment Size
+1.5%
Increase in the Last Year
As of December 2024, the average rent in Brooklyn, NY is $2,792 per month. This is 79% higher than the national average rent price of $1,560/month, making Brooklyn one of the most expensive cities in the US. When you rent an apartment in Brooklyn, you can expect to pay about $2,538 per month for a studio, $2,792 for a one-bedroom apartment, and around $3,735 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $4,463 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Brooklyn, NY?
In the past year, rent has increased by 1.5%, which averages out to $42 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Brooklyn, NY
Last Updated December 2024
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
2%
Below $700/month
2%
$700 - $1,000/month
10%
$1,001 - $1,500/month
22%
$1,501 - $2,000/month
64%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Brooklyn?
Based on current rent prices, Coney Island, Bushwick and Midwood are the most affordable neighborhoods in Brooklyn.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Brooklyn?
Based on current rent prices, Greenpoint, Downtown Brooklyn and East Flatbush are the most expensive neighborhoods in Brooklyn.
Neighborhood
Average Rent
Average Sq Ft
Which Brooklyn neighborhoods have the most rentals available?
The neighborhoods in Brooklyn with the most apartments available are South Shore Brooklyn, Southwest Brooklyn and Gravesend .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Brooklyn, NY?
Because the average rent in Brooklyn is $2,792, you’ll want to make about $9,306 per month or $111,672 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Brooklyn, NY compare to other nearby cities and neighborhoods?
Use the tool below to compare Brooklyn, NY to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$1,958/month
$2,354/month
One Bedroom
$2,830/month
$2,519/month
Two Bedroom
$2,900/month
$2,957/month
Three Bedroom
$2,664/month
$3,197/month
Nearby City Rent Trends
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.