Gravesend-Sheepshead Bay 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.

Breezy Point, NY map (which includes Gravesend-Sheepshead Bay) of rent costs by neighborhood

Rental Price Key

Most affordable


On average, the cost of rent in Gravesend-Sheepshead Bay is about $1,562 per month. This puts it in the 52nd percentile compared to the city average cost of rent, which is $1,670. Households in Gravesend-Sheepshead Bay have a median income of $5,469 per month so the average renter in Gravesend-Sheepshead Bay is spending roughly 29% of their earnings on housing.

Nationally, and in Gravesend-Sheepshead Bay, home values are the data point most closely correlated with the cost of rent. The median price of a home in Gravesend-Sheepshead Bay is $897,479 right now, which is lower than neighborhoods nearby, meaning that rents in Gravesend-Sheepshead Bay also tend to be lower versus these nearby neighborhoods.

Higher rent prices are common in the southeastern parts of Gravesend-Sheepshead Bay while lower rent rates are often available in eastern areas.

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