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DUMBO leads top 5 most expensive neighborhoods to rent in Brooklyn

DUMBO, Brooklyn Heights, Cobble Hill, Downtown Brooklyn and Fort Greene were the most expensive Brooklyn neighborhoods for rentals in 2019. PropertyNest real estate site took the average of all one, two, and three-bedroom rentals to extract a top 5 list of most expensive neighborhoods in Brooklyn in 2019. They have also listed the estimated annual income needed to rent a one-bedroom according to the average in the neighborhood.

1. DUMBO – Average rent $7,570

Apartment Size One-Bedroom Two-Bedroom Three-Bedroom
Average Monthly Rent $4,450 $6,180 $12,080
Average Yearly Income Needed $178,000 $247,200 $483,200

2. Brooklyn Heights – Average rent $5,570

Apartment Size One-Bedroom Two-Bedroom Three-Bedroom
Average Monthly Rent $3,000 $4,920 $9,090
Average Yearly Income Needed $120,000 $196,800 $363,600

3. Cobble Hill – Average rent $4,690

Apartment Size One-Bedroom Two-Bedroom Third-Bedroom
Average Monthly Rent $2,950 $3,885 $7,250
Average Yearly Income Needed $118,000 $155,400 $290,000

4. Downtown Brooklyn – Average rent $4,660

Apartment Size One-Bedroom Two-Bedroom Three-Bedroom
Average Monthly Rent $3,350 $4,560 $6,070
Average Yearly Income Needed $134,000 $182,400 $242,800

5. Fort Greene – Average rent $4,050

Apartment Size One-bedroom Two-bedroom Three-bedroom
Average Monthly Rent $3,210 $4,070 $4,865
Average Yearly Income Needed $128,400 $162,400 $194,600

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