Park Slope 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
On average, the cost of rent in Park Slope is about $2,614 per month. This puts it in the 94th percentile compared to the city average cost of rent, which is $1,670. Households in Park Slope have a median income of $11,592 per month so the average renter in Park Slope is spending roughly 23% of their earnings on housing.
Nationally, and in Park Slope, home values are the data point most closely correlated with the cost of rent. The median price of a home in Park Slope is $1,690,375 right now, which is higher than neighborhoods nearby, meaning that rents in Park Slope also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the eastern parts of Park Slope while lower rent rates are often available in southwestern areas.
Nearby Neighborhoods
- Greenwood, Brooklyn, NY: less expensive rent prices
- Crown Heights, Brooklyn, NY: less expensive rent prices
- Carroll Gardens, Brooklyn, NY: less expensive rent prices
- Flatbush-Ditmas Park, Brooklyn, NY: less expensive rent prices
- Boerum Hill, Brooklyn, NY: less expensive rent prices
- Prospect Lefferts Gardens, Brooklyn, NY: less expensive rent prices
- Red Hook, Brooklyn, NY: less expensive rent prices
- Fort Green, Brooklyn, NY: less expensive rent prices
- Cobble Hill, Brooklyn, NY: more expensive rent prices
- Borough Park, Brooklyn, NY: less expensive rent prices
Neighborhoods with Similar Populations
- North Valley, San Jose, CA: less expensive rent prices
- Lower East Side, New York, NY: less expensive rent prices
- Flushing, New York, NY: less expensive rent prices
- Ahwatukee, Phoenix, AZ: less expensive rent prices
- Cambrian Park, San Jose, CA: more expensive rent prices
- Reseda, Los Angeles, CA: less expensive rent prices
- Boyle Heights, Los Angeles, CA: less expensive rent prices
- North Long Beach, Long Beach, CA: less expensive rent prices
- Northwest, Columbus, OH: less expensive rent prices
- North, Raleigh, NC: less expensive rent prices
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