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 $3,050 for a 3-bedroom rental. The median price of all currently available listings is $2,848, 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 $532 (-23.82%) year-over-year from $2,232 to $1,700. 1-bedroom rentals prices have increased by $490 (23.19%) year-over-year from $2,111 to $2,600. 2-bedroom rentals prices have increased by $330 (12.82%) year-over-year from $2,575 to $2,905. 3-bedroom rentals prices have increased by $233 (8.28%) year-over-year from $2,817 to $3,050. 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 down by 11.57% this month. 1-bedroom rents have gone up by 15.60% this month. 2-bedroom rents have gone up by 0.69% this month. 3-bedroom rents have gone down by 6.87% 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	$1,700	$2,232 (-23.82%)	$1,532 (10.94%)
1 BR	$3.14	$2,600	$2,111 (23.19%)	$1,717 (51.46%)
2 BR	$3.18	$2,905	$2,575 (12.82%)	$2,304 (26.08%)
3 BR	$2.82	$3,050	$2,817 (8.28%)	$2,500 (22.00%)

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 21 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 $8,500 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 20.59% more expensive than other cities nearby. One bedrooms are about 12.50% more expensive. Two bedrooms in Bay Ridge, New York, NY are about 3.63% more affordable. Finally, rent for three bedrooms are about 32.79% more affordable. Want more information? Check out the top 10 cities out of 21 total cities near Bay Ridge, New York, NY in the following chart.

City	Studio	1 Bed	2 Bed	All
Asbury Park, NJ	$1,800	$2,200	$2,700	$2,700
Yonkers, NY	$2,100	$2,200	$2,800	$2,750
Ocean Grove, NJ	$1,625	$1,800	$2,500	$3,000
White Plains, NY	$2,175	$2,650	$3,800	$3,197
Belmar, NJ	N/A	$2,275	$2,800	$3,300
Long Beach, NY	$2,100	$2,548	$3,200	$3,600
Glen Cove, NY	$2,550	$3,200	$3,725	$3,650
Long Branch, NJ	N/A	$2,900	$3,550	$3,800
New Rochelle, NY	N/A	$3,000	$3,750	$3,850
New York, NY	$3,450	$4,175	$5,150	$4,295

Top Neighborhoods Near Bay Ridge

There are a total of 60 neighborhoods in or near Bay Ridge. Some of these neighborhoods include Flatbush, Ocean Hill, and Bedford-Stuyvesant. 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 $4,313 per month. A total of 4 neighborhoods have a lower average rent. Meaning, only twenty-six neighborhoods have a higher average rent than $4,313. Interestingly, the neighborhoods' average rent is higher than Bay Ridge's average rent, which is only $2,848. Out of all the neighborhoods in or near Bay Ridge, East Side has the most affordable average rent at $2,201 per month. Whereas, at $9,500 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	$2,616	$2,795	$3,195	$3,075
Ocean Hill, New York, NY	$2,450	$2,700	$3,000	$3,250
Bedford-Stuyvesant, New York, NY	$2,499	$2,756	$3,200	$3,250
East Flatbush, New York, NY	$2,595	$2,700	$2,900	$3,275
Bushwick, New York, NY	$2,699	$2,900	$3,250	$3,400
Crown Heights, New York, NY	$2,600	$3,056	$3,975	$3,500
Bowery, New York, NY	$3,100	$3,500	$4,750	$3,995
Clinton Hill, New York, NY	$3,025	$3,695	$5,000	$4,150
Prospect Heights, New York, NY	$3,570	$4,475	$6,503	$4,300
Financial District, New York, NY	$3,445	$4,475	$6,478	$4,300
Downtown Brooklyn, New York, NY	$3,425	$4,238	$5,818	$4,325
Park Slope, New York, NY	$3,500	$3,500	$4,700	$4,400
Fort Greene, New York, NY	$3,645	$4,500	$4,500	$4,500
Boerum Hill, New York, NY	$3,600	$3,935	$5,500	$4,550
East Village, New York, NY	$2,995	$3,795	$4,795	$4,600
Williamsburg, New York, NY	$3,705	$4,500	$5,048	$4,883
Greenwich Village, New York, NY	$4,125	$5,525	$7,900	$4,900
Lower East Side, New York, NY	$3,495	$3,400	$4,950	$4,995
Stuyvesant Town - Peter Cooper Village, New York, NY	N/A	$4,940	$5,182	$5,120
Little Italy, New York, NY	$3,250	$4,500	$5,200	$5,250
West Village, New York, NY	$4,375	$5,298	$6,875	$5,295
NoLita, New York, NY	$9,950	$3,900	$5,495	$5,495
Carroll Gardens, New York, NY	$2,500	$4,000	$5,499	$5,500
Gramercy Park, New York, NY	$3,690	$5,508	$4,995	$5,500
Flatiron District, New York, NY	$4,400	$5,900	$9,957	$6,000
Brooklyn Heights, New York, NY	$3,400	$3,995	$10,500	$6,400
Battery Park City, New York, NY	$3,945	$4,780	$8,650	$6,510
DUMBO, New York, NY	$3,908	$4,995	$7,335	$6,995
Tribeca, New York, NY	$4,428	$6,221	$8,898	$8,340
SoHo, New York, NY	$4,348	$6,450	$12,995	$9,500

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 $8,500, 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 2.21% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Bay Ridge, New York, NY is 3.85% more expensive than other counties nearby. Finally, rent for two bedrooms in Bay Ridge, New York, NY is 10.54% 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	$2,195	$2,625	$2,925
Bronx, New York, NY	$2,100	$2,598	$3,138	$3,100
Queens, New York, NY	$2,856	$2,950	$3,500	$3,295
Long Beach, NY	$2,100	$2,548	$3,200	$3,600
Hempstead, NY	$2,063	$2,500	$3,200	$3,600
Long Branch, NJ	N/A	$2,900	$3,550	$3,800
Brooklyn, New York, NY	$3,328	$3,689	$4,200	$3,900
Manhattan, New York, NY	$3,495	$4,395	$5,600	$4,500
North Hempstead, NY	$3,175	$2,725	$4,000	$4,600

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 $3,698.

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	$3,880	$4,675	$6,700	$4,790
10023, New York, NY	$3,400	$4,995	$8,295	$4,375
10128, New York, NY	$2,995	$3,765	$4,350	$3,900
11375, New York, NY	$2,600	$3,150	$3,745	$3,495
10035, New York, NY	$2,395	$2,712	$3,300	$2,919
10463, New York, NY	$1,995	$2,685	$3,300	$2,944

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 $2,848. 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 4 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 $2,600 and an average price per square feet of $3.14. There are a total of 8 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 15 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 -0.24%, one bedroom rental prices have changed by 0.23%, two bedroom rental prices have changed by 0.13%, and three bedroom rental prices have changed by 0.08% 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 $2,278/month. You can search for these reasonably priced rental listings on RentHop.