Rents Spiked Nearly 25% In These Brooklyn Neighborhoods: Study

BROOKLYN, NY — The rent is just getting higher, according to a new report from M.N.S. Real Estate that looked at rents across Brooklyn's trendy neighborhoods.

Overall, the average rent increased by 22.35 percent last year, from $2,779 in 2021 to $3,400 in 2022.

The biggest jump was seen in larger apartments, with two bedroom apartments in Brooklyn on average increasing by 23.4 percent, from $3,446 to $4,252.

Not every neighborhood increased by the same amount.

Greenpoint led the way for the biggest rent hikes, with an average increase of around 33.5 percent. Clinton Hill had the next highest increases, of around 30.2 percent.

But every neighborhood on the list increased by some amount.

Bay Ridge, Borough Park and Sunset Park had the smallest rent hikes. An average one bedroom apartment in Bay Ridge rose 9.3 percent this year, while a similar unit in Borough/Sunset Park increased just over 12 percent.

By comparison, one bedroom units in Bed-Stuy, Park Slope and Crown Heights all rose by around 20 percent in 2022.

The report was compiled by examining monthly rental data from over 10,000 listings priced under $10,000.

Read the whole report here.