Average Rent in Bay Ridge, New York, NY

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Current Versus Historical Bay Ridge, New York, NY Rents

Bay Ridge rentals average $1,700 for a studio rental to $4,700 for a 4-bedroom rental. The median price of all currently available listings is $3,050, or roughly $3 per square feet.
For the apartment units and housing in December 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $104 (-5.47%) year-over-year from $1,904 to $1,800. 1-bedroom rentals prices have increased by $89 (4.19%) year-over-year from $2,111 to $2,199. 2-bedroom rentals prices have increased by $433 (16.25%) year-over-year from $2,667 to $3,100. 3-bedroom rentals prices have increased by $817 (28.32%) year-over-year from $2,883 to $3,700. 4-bedroom rentals prices have increased by $700 (17.50%) year-over-year from $4,000 to $4,700. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 5.18% this month. 1-bedroom rents have gone up by 2.77% this month. 2-bedroom rents have gone up by 5.68% this month. 3-bedroom rents have gone up by 2.78% this month. 4-bedroom rents have gone up by 8.05% this month.
Beds
Price / Sqft
Dec 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio N/A $1,800 $1,904 (-5.47%) $1,500 (20.00%)
1 BR $2.90 $2,199 $2,111 (4.19%) $1,717 (28.10%)
2 BR $3.20 $3,100 $2,667 (16.25%) $2,288 (35.52%)
3 BR $2.64 $3,700 $2,883 (28.32%) $2,533 (46.05%)
4+ BR N/A $4,700 $4,000 (17.50%) $3,400 (38.24%)

Historical Rents in Bay Ridge, New York, NY

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Bay Ridge

There are a total of 17 cities nearby Bay Ridge. The average rent in Bay Ridge is currently $3,500 per month. A total of 6 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $2,175, is the most affordable city nearby. In contrast, the most expensive city near Bay Ridge, New York, NY is Spring Lake, NJ. Monthly rents here are on average $10,000 per month.

Let's compare Bay Ridge, New York, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in Bay Ridge, New York, NY is 2.94% more affordable than other cities nearby. One bedrooms are about 6.25% more affordable. Two bedrooms in Bay Ridge, New York, NY are about 14.44% more affordable. Finally, rent for three bedrooms are about 28.43% more affordable. Want more information? Check out the top 10 cities out of 17 total cities near Bay Ridge, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Asbury Park, NJ $1,750 $2,200 $2,800 $2,600
Yonkers, NY $1,900 $2,175 $2,663 $2,836
White Plains, NY $2,250 $2,625 $3,548 $3,300
Ocean Grove, NJ N/A $3,050 $2,798 $3,325
Long Beach, NY $1,925 $2,550 $3,200 $3,500
Long Branch, NJ N/A $3,100 $3,750 $3,850
Belmar, NJ N/A $2,800 $15,000 $3,975
New York, NY $3,410 $4,159 $5,000 $4,200
New Rochelle, NY $1,800 $2,850 $4,419 $4,349
Harrison, NY $2,775 $3,015 $4,200 $4,410

Top Neighborhoods Near Bay Ridge

There are a total of 57 neighborhoods in or near Bay Ridge. Some of these neighborhoods include Flatbush, East Flatbush, and Bedford-Stuyvesant. We've included the top 30 neighborhoods out of 57 total neighborhoods in or near Bay Ridge, New York, NY in the following chart.

The average rent for these 30 neighborhoods in or near Bay Ridge, New York, NY is currently around $4,300 per month. A total of 7 neighborhoods have a lower average rent. Meaning, only twenty-three neighborhoods have a higher average rent than $4,300. Interestingly, the neighborhoods' average rent is higher than Bay Ridge's average rent, which is only $3,050. Out of all the neighborhoods in or near Bay Ridge, East Side has the most affordable average rent at $2,226 per month. Whereas, at $12,000 average rent per month, SoHo is the most expensive neighborhood in or near Bay Ridge. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Flatbush, New York, NY $2,550 $2,715 $3,099 $2,950
East Flatbush, New York, NY $2,100 $2,100 $2,775 $3,200
Bedford-Stuyvesant, New York, NY $2,500 $2,857 $3,100 $3,200
Bushwick, New York, NY $2,795 $2,900 $3,300 $3,300
Crown Heights, New York, NY $2,704 $2,995 $4,026 $3,500
Bowery, New York, NY $2,800 $3,450 $4,995 $3,925
Boerum Hill, New York, NY $3,400 $3,950 $6,675 $4,000
NoHo, New York, NY $3,895 $4,150 $14,500 $4,000
Fort Greene, New York, NY $3,440 $4,250 $4,150 $4,150
Financial District, New York, NY $3,483 $4,450 $6,094 $4,225
Clinton Hill, New York, NY $2,925 $3,900 $4,666 $4,300
Downtown Brooklyn, New York, NY $3,425 $4,113 $5,725 $4,304
Prospect Heights, New York, NY $3,565 $4,403 $5,200 $4,322
NoLita, New York, NY N/A $3,900 $5,495 $4,495
East Village, New York, NY $2,895 $3,850 $4,495 $4,495
Kips Bay, New York, NY $3,640 $4,179 $5,500 $4,495
Park Slope, New York, NY $5,000 $3,400 $4,342 $4,498
Williamsburg, New York, NY $3,822 $4,661 $4,931 $4,700
Lower East Side, New York, NY $3,413 $4,623 $4,750 $4,750
West Village, New York, NY $4,600 $4,950 $6,650 $4,950
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $4,971 $6,054 $5,084
Little Italy, New York, NY $3,250 $4,250 $4,850 $5,100
Greenwich Village, New York, NY $4,000 $6,150 $5,980 $5,188
Gramercy Park, New York, NY $3,750 $5,313 $5,057 $5,295
Carroll Gardens, New York, NY N/A $3,650 $5,500 $5,348
Brooklyn Heights, New York, NY $3,350 $4,113 $7,057 $5,500
Battery Park City, New York, NY $3,902 $4,536 $8,098 $5,600
Flatiron District, New York, NY $4,795 $5,650 $10,500 $5,600
Tribeca, New York, NY $4,552 $5,891 $8,566 $7,848
SoHo, New York, NY $6,250 $5,000 $13,250 $12,000

Top Counties Near Bay Ridge

There are a total of 57 counties located by Bay Ridge, New York, NY. Some of these counties include Edison, NJ, Yonkers, NY, and Bronx, New York, NY. The average rent for rentals in these counties is $3,500. That's roughly around $3 per sqft. A total of 7 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $2,175. Vice versa, with an average rent of $10,000, Spring Lake, NJ is the most expensive county by Bay Ridge, New York, NY.

Typically, rent for studios in Bay Ridge, New York, NY is 4.41% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Bay Ridge, New York, NY is 6.25% more affordable than other counties nearby. Finally, rent for two bedrooms in Bay Ridge, New York, NY is 4.84% more affordable than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
Edison, NJ N/A $2,125 $2,550 $2,775
Yonkers, NY $1,900 $2,175 $2,663 $2,836
Bronx, New York, NY $2,000 $2,575 $3,031 $3,080
Queens, New York, NY $2,750 $2,788 $3,460 $3,240
Long Beach, NY $1,925 $2,550 $3,200 $3,500
Hempstead, NY $2,000 $2,500 $3,055 $3,500
Long Branch, NJ N/A $3,100 $3,750 $3,850
Brooklyn, New York, NY $3,400 $3,638 $4,200 $3,850
Manhattan, New York, NY $3,475 $4,395 $5,653 $4,495
North Hempstead, NY $2,575 $2,675 $3,950 $4,500

Top Zipcodes Near Bay Ridge

There are a total of 5 zipcodes in or near Bay Ridge, New York, NY. The average rent for all of these zipcodes is $3,000. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 10463, New York, NY at $2,925 per month. In comparison, the zipcode with the most expensive average rent of $4,660 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $2,673. That's at least $5 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Bay Ridge, New York, NY is $2,975 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,350 per month. Which comes out to $3 per sqft. The following chart includes the top 5 zipcodes in Bay Ridge, New York, NY. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
10023, New York, NY $3,000 $4,498 $8,100 $4,660
10128, New York, NY $3,350 $4,149 $5,628 $3,950
11375, New York, NY $2,673 $2,975 $3,250 $3,000
10035, New York, NY $2,250 $2,702 $3,250 $2,938
10463, New York, NY $2,500 $2,685 $3,350 $2,925

Frequently Asked Questions - Bay Ridge Average Rents

What is the average rent price in Bay Ridge, New York, NY?
The average monthly rental price for Bay Ridge, New York, NY apartments for rent is approximately $3,050. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Bay Ridge, New York, NY rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Bay Ridge, New York, NY.
How much is a studio apartment in Bay Ridge, New York, NY?
The average monthly rental price for studio apartments is $1,700 and an average price per square feet of $0. There are a total of 7 studio apartment listings currently available for rent in Bay Ridge.
How much is a one bedroom apartment in Bay Ridge, New York, NY?
The average monthly rental price for one bedroom apartments is $2,400 and an average price per square feet of $2.90. There are a total of 6 one bedroom apartment listings currently available for rent in Bay Ridge.
How much is a two bedroom apartment in Bay Ridge, New York, NY?
The average monthly rental price for two bedroom apartments is $3,100 and an average price per square feet of $3.20. There are a total of 16 two bedroom apartment listings currently available for rent in Bay Ridge.
How have rent prices in Bay Ridge, New York, NY changed this year?
Rent prices for rentals in Bay Ridge, New York, NY can fluctuate yearly. Specifically, studio rental prices have changed by -0.05%, one bedroom rental prices have changed by 0.04%, two bedroom rental prices have changed by 0.16%, and three bedroom rental prices have changed by 0.28% year-over-year.
What is a reasonable rent price in Bay Ridge, New York, NY?
A reasonable rent price in Bay Ridge, New York, NY is around $2,440/month. You can search for these reasonably priced rental listings on RentHop.
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