Prospect Heights, Brooklyn, NY Rental Market Trends
Last updated: February 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Prospect Heights is $5,200, a 6.09% decrease compared to the previous year, when the average rent was $5,538.
Studio Apartments at $3,829 offer the most budget-friendly option with 478 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 703 square feet for $5,253, balancing privacy and affordability.
Two-beedroom units at $6,554 offer 987 square feet, perfect for roommates or small families.
Average rent in Prospect Heights, Brooklyn, NY
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $5,200 | 718 sq. ft. |
| Studio | $3,829 | 478 sq. ft. |
| 1 Bed | $5,253 | 703 sq. ft. |
| 2 Beds | $6,554 | 987 sq. ft. |
| 3 Beds | n/a | n/a |
Prospect Heights, Brooklyn, NY rent trends
Rental prices in Prospect Heights, Brooklyn, NY have decreased by 6.09% over the past year. The average rent moved from $5,538 to $5,200.
Do most people rent or own in Prospect Heights, Brooklyn, NY?
8,009 or 72% of the households in Prospect Heights, Brooklyn, NY are renter-occupied while 3,149 or 28% are owner-occupied.
Most affordable neighborhoods in Prospect Heights?
Midwood $1,892/month
Manhattan Beach $2,066/month
Gravesend $2,107/month
All of these neighborhoods fall below the city wide average of $4,351/month.Most expensive neighborhoods in Prospect Heights?
DUMBO $4,922/month
Boerum Hill $5,105/month
Prospect Heights $5,200/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Brooklyn, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Prospect Heights | $5,200 |
| Boerum Hill | $5,105 |
| DUMBO | $4,922 |
| Williamsburg | $4,884 |
| Greenpoint | $4,752 |
| Downtown Brooklyn | $4,297 |
| Fort Greene | $3,636 |
| Coney Island | $3,320 |
| Prospect - Lefferts Gardens | $3,315 |
| Flatbush | $3,161 |
| Prospect Park South | $2,639 |
| Sheepshead Bay | $2,487 |
| Kensington | $2,374 |
| Brighton Beach | $2,199 |
| Bedford-Stuyvesant | $2,145 |
| Gravesend | $2,107 |
| Manhattan Beach | $2,066 |
| Midwood | $1,892 |
Brooklyn | Rent Comparison by Neighborhood
Rent in Prospect Heights is 142% higher than in Bedford-Stuyvesant
Prospect Heights rent is the same as Brooklyn average
Bedford-Stuyvesant rent is 59% lower than Brooklyn average
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Prospect Heights apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.