Apartments For Rent in Brooklyn, NY | realtor.com® (2024)

FAQs

Is it hard to get an apartment in Brooklyn? ›

It's hard to find an affordable apartment in Brooklyn, and also in a good neighborhood. It's hard to find a place that's big enough but is also near a train. You will face a lot of challenges. You have to know what you're willing to sacrifice and what is non-negotiable for you.

New York City's peak rental season often leads to high demand and staggering rental prices with many renters looking to move and sign a lease during the summer months. A new study from RentHop has analyzed which neighborhoods were impacted the most by this jump in rental prices.

There are a number of factors that contribute to the difficulties of finding an apartment for rent in NYC, including the high cost of rent, limited availability of rental units, and intense competition for available apartments.

Live In Salary in Brooklyn, NY. $27,300 is the 25th percentile. Salaries below this are outliers. $75,708 is the 90th percentile.

Nov 21, 2023 brooklyn,Brooklyn Buyers,brooklyn real estate,brooklyn realty,Buying in Brooklyn,real estate. Most co-ops require buyers to put down 20-25% of the purchase price, about the same as what most lenders require these days.

As of September 2024, the average rent in Brooklyn, NY is $2,738 per month. This is 75% higher than the national average rent price of $1,563/month, making Brooklyn one of the most expensive cities in the US.

Brooklyn is a larger borough, so you have more areas to unwind and don't have to deal with crowds of tourists on the sidewalk. While still expensive, Brooklyn is much cheaper than Manhattan, and you get better value for renting space. The borough has a tighter-knit community that makes you feel part of something.

(NerdWallet) – An ongoing boom in apartment construction has helped slow down rental inflation — but renters shouldn't expect prices to drop dramatically from their pandemic-padded highs. That means affordability will remain the dominant narrative in rental housing in 2024.

Why are Brooklyn apartments so expensive? ›

All these apartments being gobbled up by various means meant higher housing costs for those who were left to cram themselves into the city's remaining spaces. (With vacancy rates hovering around 3 percent, New York City has technically been in a state of “housing emergency” for more than forty years.)

The median rent in Brooklyn was $4,100 in June 2024 — basically flat vs. the $4,099 per month in May. However, rents rose 8% year-over-year. The median rent continues to be at a record high in the borough.

Ideally, you need at least a 650 credit score to secure a good apartment rental in NYC. But don't worry too much if your score is 500 or less. There are ways to increase your creditworthiness quickly, making you more eligible for renting an apartment in NYC.

New York landlords can be quite picky. They will require a lot of information and as an apartment hunter, you should be ready to provide all these documents. Most landlords will require proof of sufficient income to satisfactorily cover the monthly rent.

Using a broker can simplify and speed up your search. If you keep missing out on rental apartments, Amelia Gewirtz, an agent at Brown Harris Stevens, says it's important to be "crystal clear with your agent about your priorities," so that you are seeing the right apartments on day one, not day three or four.

Transportation in Brooklyn

You don't need to own a car if you live in Brooklyn. Most people prefer to use public transportation such as buses, subway, LIRR, and bike lanes. Residents typically purchase a metrocard to ride the subway or bus and it usually costs no more than $2.75 to get almost anywhere.