Apartments for Rent in Brooklyn, NY - Home Rentals | realtor.com® (2024)

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How to find an apartment in Brooklyn? ›

Featured rooms for rent in Brooklyn

The average rent for rooms for rent in Brooklyn is $1,344/month. Browse rentals all across Brooklyn, on streets including 4th Avenue, Saint Nicholas Avenue, and Scholes Street and in neighborhoods including Fort Greene, Williamsburg, and Southside.

Rents. The median rent in Brooklyn was $3,950 in February 2024, unchanged from January but up 13% year-over-year. At $4,444, the average rent for Brooklyn in February declined 1% from January but rose 9% annually. February marked the 29th consecutive month of annual growth for median and average rent.

This metro area ranks 54th out of 273 U.S. cities in cost of living. According to C2ER (Council for Community and Economic Research), the cost of living in Brooklyn is approximately 107.6% of the national average cost of living, classifying it as an average city in the United States.

As of May 2024, the average rent in Brooklyn, NY is $2,679 per month. This is 77% higher than the national average rent price of $1,515/month, making Brooklyn one of the most expensive cities in the US.

There are many factors to consider when looking at apartments in the city, but navigating costs can be one of the trickiest. The average monthly rent cost in Brooklyn is $3,558 for a 660-square-foot apartment. In Queens, the average monthly price is $2,925 for a 709-square-foot apartment.

2 So what gives? Since both the exodus from and return to the city disrupted normal rental patterns, landlords could set prices more easily. Remote workers who chose New York as their home base added to the city's rental market pressure.

What is the cheapest borough in NYC? ›

The Bronx is NYC's Most Affordable Borough

With a median sales price of $519,000, the Bronx is the most affordable borough in NYC. Citywide, the median sales price is $760,000, with the Bronx, Staten Island, and Queens being the most affordable boroughs, and Brooklyn and Manhattan being the most expensive.

The median rent in Brooklyn was $3,950 in January 2024, up 6% month-over-month and 7% year-over-year.

The average salary in Brooklyn, NY is $54,483 per year or $26.19 per hour. Entry level positions start at $37,063 per year while most experienced workers make up to $120,310 per year.

To cover the cost of just necessities as a single person in New York City, you would need to make an estimated $70,000, according to SmartAsset. A family of two adults with two children would need to make a combined $318,406 a year in order to live comfortably in New York City, according to the study.

The cost of buying an apartment in NYC is your down payment plus closing costs. The total amount of money you need to buy an apartment in NYC is 21% to 22% of the purchase price for co-ops and 22% to 26% of the purchase price for condos, assuming 20% down.

Several trusted websites offer comprehensive listings to help you navigate this journey, including Zillow, Apartments.com, June Homes, uhomes, and StreetEasy.

One of the most common methods of finding an apartment in New York City is using a real estate broker. If you know what neighborhood you want to live in, it's usually best to find a broker based there. Many brokers also have websites where you can view available apartments.