Average Rent in DUMBO, New York, NY

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Current Versus Historical DUMBO, New York, NY Rents

DUMBO rentals average $3,700 for a studio rental to $12,999 for a 3-bedroom rental. The median price of all currently available listings is $6,495, or roughly $7 per square feet.

For the apartment units and housing in November 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $97 (2.55%) year-over-year from $3,811 to $3,908. 1-bedroom rentals prices have decreased by $14 (-0.28%) year-over-year from $4,900 to $4,886. 2-bedroom rentals prices have increased by $340 (5.03%) year-over-year from $6,755 to $7,095. 3-bedroom rentals prices have increased by $4,350 (56.86%) year-over-year from $7,650 to $12,000. 4-bedroom rentals prices have decreased by $9,500 (-30.65%) year-over-year from $31,000 to $21,500. 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 2.87% this month. 1-bedroom rents have gone down by 5.16% this month. 2-bedroom rents have gone down by 1.94% this month. 3-bedroom rents have gone up by 7.64% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$9.78	$3,908	$3,811 (2.55%)	$3,290 (18.79%)
1 BR	$6.72	$4,886	$4,900 (-0.28%)	$4,374 (11.72%)
2 BR	$6.79	$7,095	$6,755 (5.03%)	$5,981 (18.62%)
3 BR	$9.43	$12,000	$7,650 (56.86%)	$9,463 (26.82%)

Historical Rents in DUMBO, New York, NY

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near DUMBO

There are a total of 18 cities nearby DUMBO. The average rent in DUMBO is currently $3,450 per month. A total of 15 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 DUMBO, New York, NY is Spring Lake, NJ. Monthly rents here are on average $9,000 per month.

Let's compare DUMBO, New York, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in DUMBO, New York, NY is 55.44% more expensive than other cities nearby. One bedrooms are about 56.71% more expensive. Two bedrooms in DUMBO, New York, NY are about 58.02% more expensive. Finally, rent for three bedrooms are about 68.84% more expensive. Want more information? Check out the top 10 cities out of 18 total cities near DUMBO, New York, NY in the following chart.

City	Studio	1 Bed	2 Bed	All
West Babylon, NY	N/A	$2,395	$2,935	$2,498
Asbury Park, NJ	$1,650	$2,200	$2,700	$2,650
Yonkers, NY	$2,100	$2,200	$2,850	$2,775
Ocean Grove, NJ	$1,725	$1,800	$2,500	$3,100
White Plains, NY	$2,250	$2,650	$3,800	$3,400
Long Beach, NY	$2,025	$2,598	$3,200	$3,500
Glen Cove, NY	$2,550	$3,200	$3,750	$3,650
Long Branch, NJ	N/A	$2,948	$3,750	$3,850
Harrison, NY	$2,575	$2,920	$4,173	$4,197
New York, NY	$3,450	$4,150	$5,000	$4,250

Top Neighborhoods Near DUMBO

There are a total of 61 neighborhoods in or near DUMBO. Some of these neighborhoods include Bedford-Stuyvesant, Bowery, and Murray Hill. We've included the top 30 neighborhoods out of 61 total neighborhoods in or near DUMBO, New York, NY in the following chart.

The average rent for these 30 neighborhoods in or near DUMBO, New York, NY is currently around $4,276 per month. A total of 58 neighborhoods have a lower average rent. Out of all the neighborhoods in or near DUMBO, East Side has the most affordable average rent at $2,226 per month. Whereas, at $11,000 average rent per month, SoHo is the most expensive neighborhood in or near DUMBO. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Bedford-Stuyvesant, New York, NY	$2,700	$2,800	$3,295	$3,200
Bowery, New York, NY	$3,000	$3,500	$4,750	$3,956
Murray Hill, New York, NY	$3,425	$4,197	$6,500	$4,057
NoHo, New York, NY	$4,000	$4,318	$14,750	$4,133
Fort Greene, New York, NY	$3,645	$4,150	$4,500	$4,175
Clinton Hill, New York, NY	$2,900	$3,850	$5,000	$4,201
Downtown Brooklyn, New York, NY	$3,433	$4,206	$5,725	$4,276
Financial District, New York, NY	$3,450	$4,500	$6,350	$4,298
Park Slope, New York, NY	$4,375	$3,498	$4,425	$4,300
Prospect Heights, New York, NY	$3,548	$4,475	$6,009	$4,350
NoLita, New York, NY	$3,885	$3,900	$5,495	$4,400
East Village, New York, NY	$2,995	$3,795	$4,495	$4,495
Kips Bay, New York, NY	$3,595	$4,250	$5,360	$4,523
Two Bridges, New York, NY	N/A	$3,848	$4,145	$4,538
Boerum Hill, New York, NY	$3,600	$3,950	$5,750	$4,700
Williamsburg, New York, NY	$3,857	$4,600	$5,200	$4,799
Greenwich Village, New York, NY	$4,125	$5,525	$7,900	$4,850
Greenpoint, New York, NY	$3,300	$4,250	$5,856	$4,950
Lower East Side, New York, NY	$3,413	$4,350	$4,795	$4,990
West Village, New York, NY	$4,195	$5,000	$6,750	$5,000
Stuyvesant Town - Peter Cooper Village, New York, NY	N/A	$4,920	$6,024	$5,037
Little Italy, New York, NY	$3,250	$4,500	$4,400	$5,250
Carroll Gardens, New York, NY	N/A	$3,825	$5,495	$5,495
Gramercy Park, New York, NY	$3,690	$5,500	$4,995	$5,495
NoMad, New York, NY	$4,329	$5,685	$8,337	$5,795
Flatiron District, New York, NY	$4,300	$5,848	$10,354	$5,889
Brooklyn Heights, New York, NY	$3,300	$4,254	$10,750	$6,275
Battery Park City, New York, NY	$3,975	$4,715	$8,650	$6,285
Tribeca, New York, NY	$4,675	$5,891	$8,596	$8,295
SoHo, New York, NY	$3,550	$5,200	$13,950	$11,000

Top Counties Near DUMBO

There are a total of 61 counties located by DUMBO, 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 31 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 $9,000, Spring Lake, NJ is the most expensive county by DUMBO, New York, NY.

Typically, rent for studios in DUMBO, New York, NY is 53.04% more expensive than other counties nearby. In comparison, rent for one bedroom listings in DUMBO, New York, NY is 50.81% more expensive than other counties nearby. Finally, rent for two bedrooms in DUMBO, New York, NY is 55.44% more expensive 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	$2,850	$2,775
Edison, NJ	N/A	$2,095	$2,600	$2,875
Bronx, New York, NY	$1,838	$2,575	$3,225	$3,100
Queens, New York, NY	$2,890	$2,850	$3,529	$3,275
Long Beach, NY	$2,025	$2,598	$3,200	$3,500
Hempstead, NY	$2,038	$2,500	$3,050	$3,500
Glen Cove, NY	$2,550	$3,200	$3,750	$3,650
Brooklyn, New York, NY	$3,385	$3,700	$4,200	$3,900
Manhattan, New York, NY	$3,479	$4,350	$5,679	$4,495
North Hempstead, NY	$3,000	$2,573	$4,000	$4,550

Top Zipcodes Near DUMBO

There are a total of 5 zipcodes in or near DUMBO, New York, NY. The average rent for all of these zipcodes is $3,150. A total of 5 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 10035, New York, NY at $2,850 per month. In comparison, the zipcode with the most expensive average rent of $4,847 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $2,645. 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 DUMBO, New York, NY is $3,000 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,275 per month. Which comes out to $4 per sqft. The following chart includes the top 5 zipcodes in DUMBO, 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	$3,398	$4,995	$8,250	$4,847
10128, New York, NY	$3,280	$3,998	$5,115	$3,995
10035, New York, NY	$2,365	$2,700	$3,275	$2,850
11375, New York, NY	$2,645	$3,000	$3,223	$3,150
10463, New York, NY	$1,995	$2,750	$3,250	$2,995

Frequently Asked Questions - DUMBO Average Rents

What is the average rent price in DUMBO, New York, NY?

The average monthly rental price for DUMBO, New York, NY apartments for rent is approximately $6,495. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do DUMBO, 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 DUMBO, New York, NY.

How much is a studio apartment in DUMBO, New York, NY?

The average monthly rental price for studio apartments is $3,700 and an average price per square feet of $9.78. There are a total of 11 studio apartment listings currently available for rent in DUMBO.

How much is a one bedroom apartment in DUMBO, New York, NY?

The average monthly rental price for one bedroom apartments is $5,082 and an average price per square feet of $6.72. There are a total of 23 one bedroom apartment listings currently available for rent in DUMBO.

How much is a two bedroom apartment in DUMBO, New York, NY?

The average monthly rental price for two bedroom apartments is $7,069 and an average price per square feet of $6.79. There are a total of 38 two bedroom apartment listings currently available for rent in DUMBO.

How have rent prices in DUMBO, New York, NY changed this year?

Rent prices for rentals in DUMBO, New York, NY can fluctuate yearly. Specifically, studio rental prices have changed by 0.03%, one bedroom rental prices have changed by 0.00%, two bedroom rental prices have changed by 0.05%, and three bedroom rental prices have changed by 0.57% year-over-year.

What is a reasonable rent price in DUMBO, New York, NY?

A reasonable rent price in DUMBO, New York, NY is around $5,196/month. You can search for these reasonably priced rental listings on RentHop.