Brooklyn rental market

Overall, Brooklyn rents were up in 2019, outpacing the prior year in average rent for studios, one-bedrooms and two-bedrooms by 2, 6 and 8 percent respectively. Only five out of fifteen neighborhoods saw prices for studios decrease year-over-year: Bedford-Stuyvesant, Clinton Hill, Cobble Hill, Fort Greene and Park Slope, with reductions ranging from 1 percent to 11 percent. Williamsburg and Greenpoint saw the highest increases for two-bedroom rents with 27 and 26 percent increases respectively. TRD 

Average Brooklyn Listing Rent, By Neighborhood and Size

NeighborhoodAvg. RentY-O-Y % ChangeAvg. RentY-O-Y % ChangeAvg. RentY-O-Y % Change
Bay Ridge$1,4461%$1,7781%$2,3164%
Boerum Hill$2,59020%$2,96112.00%$3,9609%
Brooklyn Heights$2,6317.00%$3,83020.00%$5,64820%
Clinton Hill$2,121-1%$2,81015%$3,54514%
Cobble Hill$1,895-11%$2,9398%$3,9415%
Crown Heights$1,9708%$2,2082%$2,6218%
Downtown Brooklyn$2,7835%3,4855%4,9419%
Fort Greene$2,525-2.00%$3,2565%$4,63618%
Park Slope$2,106-4%$2,7532%$3,6529%
Prospect Lefferts Gardens$1,8094%$2,0174%$2,4982%
Brooklyn Overall$2,2982%$2,8376%$3,7238%
Source: Data for these selected neighborhoods is from the MNS December 2019 Brooklyn Rental Market Report. A small number of rental deals in a neighborhood may skew the average rent or year-over-year percent change.