Borough Park renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
Luxury
High-end
Mid-tier
Most affordable
On average, the cost of rent in Borough Park is about $1,684 per month. This puts it in the 63rd percentile compared to the city average cost of rent, which is $1,670. Households in Borough Park have a median income of $4,239 per month so the average renter in Borough Park is spending roughly 40% of their earnings on housing.
Nationally, and in Borough Park, home values are the data point most closely correlated with the cost of rent. The median price of a home in Borough Park is $1,116,628 right now, which is lower than neighborhoods nearby, meaning that rents in Borough Park also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the eastern parts of Borough Park while lower rent rates are often available in northwestern areas.
Nearby Neighborhoods
- Sunset Park, Brooklyn, NY: less expensive rent prices
- Flatbush-Ditmas Park, Brooklyn, NY: less expensive rent prices
- Mapleton-Flatlands, Brooklyn, NY: less expensive rent prices
- Greenwood, Brooklyn, NY: more expensive rent prices
- Dyker Heights, Brooklyn, NY: less expensive rent prices
- Bensonhurst, Brooklyn, NY: less expensive rent prices
- Prospect Lefferts Gardens, Brooklyn, NY: less expensive rent prices
- Park Slope, Brooklyn, NY: more expensive rent prices
- Bay Ridge-Fort Hamilton, Brooklyn, NY: more expensive rent prices
- Crown Heights, Brooklyn, NY: less expensive rent prices
Neighborhoods with Similar Populations
- East Side, El Paso, TX: less expensive rent prices
- Harlem, New York, NY: less expensive rent prices
- Canarsie, Brooklyn, NY: less expensive rent prices
- Camelback East, Phoenix, AZ: less expensive rent prices
- Pasadina, Houston, TX: less expensive rent prices
- West Houston, Houston, TX: more expensive rent prices
- Alahambra, Phoenix, AZ: less expensive rent prices
- Southeast Dallas, Dallas, TX: less expensive rent prices
- North Hollywood, Los Angeles, CA: less expensive rent prices
- Mid City, Los Angeles, CA: less expensive rent prices
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