Sheepshead Bay, 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 Sheepshead Bay is $2,487, a 12.61% decrease compared to the previous year, when the average rent was $2,846.
One-bedroom apartments provide 695 square feet for $2,343, balancing privacy and affordability.
Two-beedroom units at $2,702 offer 904 square feet, perfect for roommates or small families.
Average rent in Sheepshead Bay, Brooklyn, NY
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,487 | 779 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $2,343 | 695 sq. ft. |
| 2 Beds | $2,702 | 904 sq. ft. |
| 3 Beds | n/a | n/a |
Sheepshead Bay, Brooklyn, NY rent trends
Rental prices in Sheepshead Bay, Brooklyn, NY have decreased by 12.61% over the past year. The average rent moved from $2,846 to $2,487.
What's the typical rent budget in Sheepshead Bay, Brooklyn, NY?
The largest share of rentals in Sheepshead Bay, Brooklyn, NY (40%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Sheepshead Bay, Brooklyn, NY?
15,477 or 60% of the households in Sheepshead Bay, Brooklyn, NY are renter-occupied while 10,525 or 40% are owner-occupied.
Most affordable neighborhoods in Sheepshead Bay?
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 Sheepshead Bay?
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 Sheepshead Bay is 16% higher than in Bedford-Stuyvesant
Sheepshead Bay rent is the same as Brooklyn average
Bedford-Stuyvesant rent is 14% 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 Sheepshead Bay 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.