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 $2,095 for a studio rental to $3,500 for a 3-bedroom rental. The median price of all currently available listings is $2,800, or roughly $3 per square feet.

For the apartment units and housing in November 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $137 (-6.12%) year-over-year from $2,232 to $2,095. 1-bedroom rentals prices have increased by $385 (18.22%) year-over-year from $2,111 to $2,495. 2-bedroom rentals prices have increased by $320 (12.43%) year-over-year from $2,575 to $2,895. 3-bedroom rentals prices have increased by $983 (34.91%) year-over-year from $2,817 to $3,800. 4-bedroom rentals prices have decreased by $167 (-4.00%) year-over-year from $4,167 to $4,000. 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 up by 1.99% this month. 1-bedroom rents have gone up by 12.68% this month. 2-bedroom rents have gone up by 0.46% this month. 3-bedroom rents have gone up by 5.07% this month. 4-bedroom rents have gone up by 1.27% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	N/A	$2,095	$2,232 (-6.12%)	$1,532 (36.72%)
1 BR	$3.25	$2,495	$2,111 (18.22%)	$1,717 (45.34%)
2 BR	$3.18	$2,895	$2,575 (12.43%)	$2,304 (25.64%)
3 BR	$2.82	$3,800	$2,817 (34.91%)	$2,500 (52.00%)

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 19 cities nearby Bay Ridge. The average rent in Bay Ridge is currently $3,300 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 $2,000, 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 $9,500 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 23.63% more expensive than other cities nearby. One bedrooms are about 15.22% more expensive. Two bedrooms in Bay Ridge, New York, NY are about 0.09% more expensive. Finally, rent for three bedrooms are about 18.57% more affordable. Want more information? Check out the top 10 cities out of 19 total cities near Bay Ridge, New York, NY in the following chart.

City	Studio	1 Bed	2 Bed	All
Newark, NJ	N/A	$1,300	$2,325	$2,325
Asbury Park, NJ	$1,650	$2,150	$2,800	$2,700
Yonkers, NY	$2,100	$2,200	$2,800	$2,750
Ocean Grove, NJ	$1,725	$2,000	$2,500	$3,100
White Plains, NY	$2,275	$2,650	$3,600	$3,300
Long Beach, NY	$1,963	$2,600	$3,300	$3,500
New Rochelle, NY	$2,413	$2,900	$3,500	$3,500
Belmar, NJ	N/A	$2,200	$2,850	$3,550
Long Branch, NJ	N/A	$3,000	$3,775	$3,850
New York, NY	$3,450	$4,200	$5,042	$4,250

Top Neighborhoods Near Bay Ridge

There are a total of 60 neighborhoods in or near Bay Ridge. Some of these neighborhoods include Flatbush, Bedford-Stuyvesant, and East Flatbush. We've included the top 30 neighborhoods out of 60 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 $4,242 per month. A total of 4 neighborhoods have a lower average rent. Meaning, only twenty-six neighborhoods have a higher average rent than $4,242. Interestingly, the neighborhoods' average rent is higher than Bay Ridge's average rent, which is only $2,800. Out of all the neighborhoods in or near Bay Ridge, East Side has the most affordable average rent at $2,250 per month. Whereas, at $11,500 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	$2,631	$2,800	$3,099	$3,000
Bedford-Stuyvesant, New York, NY	$2,200	$2,800	$3,200	$3,195
East Flatbush, New York, NY	$2,025	$2,550	$2,750	$3,300
Bushwick, New York, NY	$2,747	$3,000	$3,211	$3,317
Crown Heights, New York, NY	$2,740	$3,198	$4,300	$3,600
Bowery, New York, NY	$2,899	$3,500	$4,793	$3,897
Fort Greene, New York, NY	$3,600	$4,250	$4,200	$4,150
NoHo, New York, NY	$4,000	$4,585	$14,750	$4,150
Clinton Hill, New York, NY	$2,850	$3,838	$5,550	$4,169
Park Slope, New York, NY	$3,200	$3,495	$4,500	$4,228
Downtown Brooklyn, New York, NY	$3,425	$4,175	$5,818	$4,255
Financial District, New York, NY	$3,450	$4,500	$6,350	$4,295
Prospect Heights, New York, NY	$3,570	$4,495	$6,009	$4,380
East Village, New York, NY	$2,995	$3,795	$4,495	$4,495
NoLita, New York, NY	$9,943	$3,900	$5,495	$4,495
Boerum Hill, New York, NY	$3,600	$3,825	$5,750	$4,625
Brooklyn Heights, New York, NY	$3,300	$4,250	$7,051	$4,735
Williamsburg, New York, NY	$3,850	$4,583	$5,042	$4,750
Greenwich Village, New York, NY	$4,125	$5,525	$7,900	$4,850
Lower East Side, New York, NY	$3,497	$4,350	$4,765	$4,990
West Village, New York, NY	$4,098	$5,198	$6,750	$5,000
Stuyvesant Town - Peter Cooper Village, New York, NY	N/A	$4,903	$6,054	$5,067
Carroll Gardens, New York, NY	N/A	$3,650	$5,499	$5,153
Little Italy, New York, NY	$3,250	$4,500	$4,850	$5,295
Gramercy Park, New York, NY	$3,693	$5,515	$4,995	$5,389
DUMBO, New York, NY	$3,653	$4,950	$6,908	$5,795
Flatiron District, New York, NY	$4,300	$5,800	$9,631	$5,800
Battery Park City, New York, NY	$3,877	$4,605	$8,520	$6,000
Tribeca, New York, NY	$4,685	$5,891	$8,541	$7,973
SoHo, New York, NY	$3,400	$5,248	$13,750	$11,500

Top Counties Near Bay Ridge

There are a total of 60 counties located by Bay Ridge, New York, NY. Some of these counties include Yonkers, NY, Edison, NJ, and Bronx, New York, NY. The average rent for rentals in these counties is $3,400. That's roughly around $3 per sqft. A total of 6 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $2,000. Vice versa, with an average rent of $9,500, 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 17.66% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Bay Ridge, New York, NY is 3.70% more expensive than other counties nearby. Finally, rent for two bedrooms in Bay Ridge, New York, NY is 8.81% more affordable than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Yonkers, NY	$2,100	$2,200	$2,800	$2,750
Edison, NJ	N/A	$2,095	$2,550	$2,800
Bronx, New York, NY	$2,150	$2,575	$3,188	$3,000
Queens, New York, NY	$2,856	$2,786	$3,465	$3,275
Hempstead, NY	$2,013	$2,500	$3,050	$3,425
Long Beach, NY	$1,963	$2,600	$3,300	$3,500
Long Branch, NJ	N/A	$3,000	$3,775	$3,850
Brooklyn, New York, NY	$3,370	$3,700	$4,200	$3,896
Manhattan, New York, NY	$3,495	$4,395	$5,750	$4,495
North Hempstead, NY	$3,575	$2,573	$4,000	$4,513

Top Zipcodes Near Bay Ridge

There are a total of 6 zipcodes in or near Bay Ridge, New York, NY. The average rent for all of these zipcodes is $3,500.

The following chart includes the top 6 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
10280, New York, NY	$3,747	$4,484	$6,429	$4,615
10023, New York, NY	$3,400	$5,083	$8,295	$4,950
10128, New York, NY	$3,350	$4,174	$5,295	$4,000
11375, New York, NY	$2,645	$2,850	$3,223	$3,000
10035, New York, NY	$2,299	$2,713	$3,200	$2,863
10463, New York, NY	$1,995	$2,720	$3,270	$2,995

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 $2,800. 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 $2,095 and an average price per square feet of $0. There are a total of 3 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 $2,595 and an average price per square feet of $3.25. There are a total of 13 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 $2,895 and an average price per square feet of $3.18. 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 -0.06%, one bedroom rental prices have changed by 0.18%, two bedroom rental prices have changed by 0.12%, and three bedroom rental prices have changed by 0.35% 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 $2,240/month. You can search for these reasonably priced rental listings on RentHop.