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Brooklyn Rents Follow Manhattan’s Upward Trend

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Brooklyn rents on the rise. (Photo by Bruno J. Navarro)

Brooklyn rents on the rise.

NEW YORK — Mirroring the trend of rising rents in Manhattan, Brooklyn apartments have also been getting more expensive.

There are two areas in which rents have actually declined, on average: Studio apartments and flats in Cobble Hill.

The Real Deal writes: “The average rent for a Brooklyn studio was $1,686 last month, one-bedrooms’ monthly cost averaged $2,294 and two-bedroom prices settled at $2,950, according to the report. Dumbo remained the priciest neighborhood for all unit sizes, charging price premiums of nearly $1,000 for studios and more than $2,000 above the borough’s average for two-bedrooms. The least expensive neighborhood was Bay Ridge.”

(via Brooklyn Rents | February 2012 | Studio Prices Decline.)

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Written by Bruno

2012.03.15 at 16:37

3 Responses

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  1. […] A confluence of factors are the cause, from low mortgage rates to rising rents. […]

  2. […] Brooklyn rents are a similar state, too. […]

  3. […] YORK — As rents climb in Manhattan to all-time highs and the costs of Brooklyn apartments are also on the rise, one woman manages to keep her payment around $600 per […]


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