A December 2012 Brooklyn Rental Market Report from MNS reveals that apartments have become so expensive in Williamsburg, Brooklyn, that they’re pushing folks back to Manhattan—to such neighborhoods as the Financial District, the Upper East Side east of Third Avenue and Harlem.
In Brooklyn Heights, meanwhile, the average studio rental came in at $1,973, fourth in line behind Williamsburg, DUMBO and Greenpoint. One bedroom apartments averaged $3,104 in our neighborhood, behind DUMBO and Williamsburg; while 2-bedrooms averaged $4,857, only behind DUMBO. Both studios and one bedrooms trended down slightly, while 2 bedrooms saw a minor uptick in the MNS report. Bed Stuy, Bushwick and Bay Ridge are the least expensive BK neighborhoods.
The Brooklyn Rental Market Report is based on a “cross-section of data from available listings and priced under $10,000, with ultra-luxury property omitted to obtain a true monthly rental average.”