Prospect Heights, Brooklyn, NY Rental Market Trends
Last updated: May 13, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Prospect Heights is $4,230, a 17.2% decrease compared to the previous year, when the average rent was $5,108.
Studio Apartments at $3,550 offer the most budget-friendly option with 482 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 705 square feet for $4,389, 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
Last updated: May 13, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $4,230 | 646 sq. ft. |
| Studio | $3,550 | 482 sq. ft. |
| 1 Bed | $4,389 | 705 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 17.2% over the past year. The average rent moved from $5,108 to $4,230.
What's the typical rent budget in Prospect Heights, Brooklyn, NY?
The largest share of rentals in Prospect Heights, Brooklyn, NY (95%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Prospect Heights, Brooklyn, NY?
8,254 or 72% of the households in Prospect Heights, Brooklyn, NY are renter-occupied while 3,162 or 28% are owner-occupied.
Most affordable neighborhoods in Prospect Heights?
East New York $1,767/month
Brownsville $1,864/month
Midwood $1,892/month
All of these neighborhoods fall below the city wide average of $3,963/month.Most expensive neighborhoods in Prospect Heights?
Downtown Brooklyn $5,122/month
Greenpoint $5,544/month
Brooklyn Heights $6,162/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Brooklyn, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Brooklyn Heights | $6,162 |
| Greenpoint | $5,544 |
| Downtown Brooklyn | $5,122 |
| Williamsburg | $4,951 |
| Fort Greene | $4,793 |
| Gowanus | $4,503 |
| Prospect Heights | $4,230 |
| Crown Heights | $3,899 |
| Bedford-Stuyvesant | $3,888 |
| Clinton Hill | $3,826 |
| Coney Island | $3,486 |
| Park Slope | $3,431 |
| Flatbush | $3,407 |
| Bushwick | $3,381 |
| Sheepshead Bay | $2,487 |
| Canarsie | $2,425 |
| Brighton Beach | $2,199 |
| Midwood | $1,892 |
| Brownsville | $1,864 |
| East New York | $1,767 |
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Brooklyn | Rent Comparison by Neighborhood
Rent in Prospect Heights is 9% higher than in Bedford-Stuyvesant
$4,230
Prospect Heights rent is the same as Brooklyn average
Average Rent
$4,230
$3,888
Bedford-Stuyvesant rent is 8% lower than Brooklyn average
Average Rent
$3,888
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.