Rental market snapshot for Bay Ridge, Brooklyn

Bay Ridge rental market summary

The rental market in Bay Ridge, New York is showing signs of growth. In July 2023, there were 82 new listings, which is a significant increase from the previous month. The median rent also increased from $2,400 in June 2023 to $2,500 in July 2023, representing a 4.2% increase. This is a further indication of the growing rental market in Bay Ridge. Furthermore, when compared to the median rent in July 2022, the current median rent has increased by 8.7%, indicating that the rental market is continuing to grow.

Overall, the rental market in Bay Ridge is showing positive signs of growth. With an increase in new listings and a steady increase in median rent, it is clear that the rental market in Bay Ridge is on the rise. This is great news for potential renters, as it means that there are more options available and that prices are becoming more competitive.

Median rent for all residential properties in Bay Ridge

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The most expensive listings and top trending buildings in Bay Ridge

Most Expensive Listings

AddressRent PriceBed / Bath
20 91st St$4,2003 / 1.5
431 Senator St$4,1004 / 3.0
8701 Shore Rd$4,0002 / 2.0
332 94th St$3,4003 / 2.0
363 Bay Ridge Pkwy$3,2002 / 1.0

Top Trending Buildings

building nameavg rent price
Zillow$2,272

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Bedroom Breakdown in Bay Ridge

Studio
$1,650
MEDIAN RENT
1 Bedroom
$2,300
MEDIAN RENT
2 Bedroom
$2,575
MEDIAN RENT

Bay Ridge neighborhood apartments rents

The rental market for studios in Bay Ridge, New York appears to be stable, with three new listings in May 2023 and a median rent of $1,650. Unfortunately, no data is available for April 2023, so it is not possible to determine the percent change in rent from April to May. Overall, the rental market for studios in Bay Ridge appears to be steady and stable.

The rental market for 1-bedroom apartments in Bay Ridge, New York is showing signs of growth. In May 2023, there were 10 new 1-bedroom listings, a 29.6% increase in median rent from April 2023 to May 2023, and a median rent of $2,300. This indicates that the rental market for 1-bedroom apartments in Bay Ridge is becoming more competitive and that prices are increasing.

The rental market for 2-bedroom apartments in Bay Ridge, New York is showing signs of stability. In May 2023, there were 10 new 2-bedroom listings, and the median rent for 2-bedroom apartments was $2,575, a 2.8% decrease from the median rent in April 2023. This suggests that the rental market is not experiencing any drastic changes, and that the prices of 2-bedroom apartments are staying relatively consistent.

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of 2023-07-31, the median rent in Bay Ridge is $2,500.
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