Although the average rental in Brooklyn is considerably less than Manhattan’s sky-high prices, the range in Brooklyn is wide. Some people who might be thinking, based on Brooklyn’s overall average rent, that living in Brooklyn is still too costly, should consider some of the borough’s less expensive neighborhoods.
There are three areas in Brooklyn where the average rental goes for under $2,000. That’s a bargain if you compare to Brooklyn’s most expensive area, DUMBO, where rents average out at over $5,500. Compare that to the Manhattan average of a bit more than $4,100 and Brooklyn’s average rent of almost $3,200. It kind of makes you want to know what horrible places have rentals for under $2,000.
Well, it turns out these places are nice. In Sheepshead Bay, which is on the southernmost border of Brooklyn, just east of Brighton Beach and Coney Island, there is a charming, quiet, calm feel in the air.
“It’s a tight-knit neighborhood that is relatively quiet compared to living in, say, Downtown Brooklyn,” says Jonathan Miller of Miller Samuel. “A key draw continues to be its location on the water and, thus, the area has been seeing more new development activity,” he added.
The downside is that it takes about one hour to get to midtown Manhattan by the B and Q trains.
The other two neighborhoods which have rentals for under $2,000 per month are Sunset Park and Flatbush. Not as cheap as Sheepshead Bay, and maybe not as charming, but a bit closer to Manhattan, and overall, nice places, too.