Crown Heights Rents Up 10 Percent From 2013

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Depressing but unsurprising news on the ever-escalating rents front: From September 2013 to September 2014, average rents in Brooklyn increased from $2,655.25  to $2,702.59. But the neighborhoods with the steepest climb in rent saw rental prices shoot up much more than that. Tenants in Crown Heights saw a 10.5% increase in their rents, from an average of $1,884 to $2,082. Hold on to those Franklin Avenue studios while you still can.

The data set from MNS Real Estate had some small bright spots, though: Rent in Greenpoint actually dropped 5% over the past year, from $2,912 to $2,764. The most expensive rents in the borough, according to MNS, are in DUMBO. The least expensive are in Prospect-Lefferts Garden and Bay Ridge, according to the report.

It’s worth noting that the data set excludes huge swaths of the borough, like East New York, Brownsville, Canarsie, Sunset Park, and basically anywhere else that MNS presumably doesn’t do business. We’re willing to bet that you can still find a studio in Flatbush for less than the exorbitant prices listed there. So take that “average” with a grain of salt, but seriously, never leave your rent-stabilized apartment.


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