Rent in Brooklyn neighborhoods continues to grow in January

Monthly report shows slight movement, but average rent likely to rise in spring
  • While monthly trends showed little shifts, average rent in January 2015 was 1.92 percent less at $2,666.26.
  • The most expensive neighborhood was Dumbo across all unit types and sizes.
  • Crown Heights studio prices saw the largest monthly decreases with a 4.36 percent drop in average rent, or $74.
  • According to the report, high-priced units entered the market while less expensive units exited last month.

Brooklyn rents are on the rise again, but last month was not as fast-paced as usual. Average rent in the borough remained stable with just a .2 percent increase in price, climbing from $2,711.87 in December of last year to $2,717.39 this January, according to the MNS January market report for Brooklyn.