MNS Report Reveals Brooklyn Heights’ Lofty Rental Market—Behind W’burg And DUMBO

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.”

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  • NorthHeights

    Chuck, when the AVERAGE market rate for a 2-bedroom apartment in the nabe is almost $5000, are you really going to keep making those mock-surprise posts about your sticker shock upon seeing an entire house for rent @ $11000?

  • Gerry

    @ NothHeights – Last month a broker from Corcoran told us that we could get $20K rent for our renovated brownstone here in our prime Brooklyn Heights location and we did not believe her.

    Until the credit check has been completed, income verified, first/last month rent and security deposit all line up its not a deal.

    I am not certian these sky high rents are truthful?

    I do not belienve everything i read in the paper.

    At this time our home is not for rent we plan to stay put for another year or so maybe even forever