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.
Rental Price Key
Luxury
High-end
Mid-tier
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.
Nearby Neighborhoods
- Brighton Beach, Brooklyn, NY: less expensive rent prices
- Manhattan Beach, Brooklyn, NY: more expensive rent prices
- Coney Island, Brooklyn, NY: less expensive rent prices
- Mapleton-Flatlands, Brooklyn, NY: more expensive rent prices
- Bensonhurst, Brooklyn, NY: more expensive rent prices
- Borough Park, Brooklyn, NY: more expensive rent prices
- Canarsie, Brooklyn, NY: more expensive rent prices
- Dyker Heights, Brooklyn, NY: more expensive rent prices
- Flatbush-Ditmas Park, Brooklyn, NY: more expensive rent prices
- Prospect Lefferts Gardens, Brooklyn, NY: more expensive rent prices
Neighborhoods with Similar Populations
- South Los Angeles, Los Angeles, CA: less expensive rent prices
- Southeast, Houston, TX: less expensive rent prices
- Northeast Dallas-White Rock, Dallas, TX: less expensive rent prices
- Maryvale, Phoenix, AZ: less expensive rent prices
- Bedford-Stuyvesant, Brooklyn, NY: less expensive rent prices
- North Last Vegas, North Las Vegas, NV: less expensive rent prices
- South Bronx, Bronx, NY: less expensive rent prices
- Mapleton-Flatlands, Brooklyn, NY: more expensive rent prices
- Upper West Side, New York, NY: more expensive rent prices
- Bellaire, Houston, TX: less expensive rent prices
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