From April to May, the largest rent increases were in central Brooklyn: one bedrooms in Prospect Lefferts Gardens rose almost 5 percent, while Bed-Stuy saw its two bedrooms go up 5.5 percent, and its studios more than 11 percent. Rents in Bed-Stuy are up overall 6.5 percent, compared to April. "Although rents are still 45 percent less than Williamsburg rents, we anticipate tracking a shrinking price gap between the two neighborhoods," the report states.
DUMBO is still the most expensive neighborhood—the average two bedroom is more than $5,000 a month—while Bay Ridge is the least expensive. (A two bedroom there costs $1,800 a month.)
The report is compiled by MNS, a real estate company, which considers its own listings in 14 neighborhoods: Bay Ridge, Bed-Stuy, Boerum Hill, Brooklyn Heights, Bushwick, Clinton Hill, Cobble Hill, Crown Heights, DUMBO, Fort Greene, Greenpoint, Park Slope, Prospect Lefferts Gardens and Williamsburg.