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Studio rents soar in Brooklyn neighborhoods: Report
Photo credit: Apartments in DUMBO fetched the highest prices in the city in July. (Streeteasy)
Home hunters looking to live on their own in Brooklyn may need a bigger wallet.
A report released Thursday by the real estate firm MNS found that the average rent for a studio in the borough was $1,956 in July.
Not only did rent increase 6.7% from the June average of $1,832, but it also represented a 14.9% jump in Brooklyn studio pricing from the same point last year, according to the report.
DUMBO had the largest average rent price in July with a studio fetching $3,275, while Bed-Stuy had the lowest rent with an average of $1,200.
Greenpoint saw the greatest jump in rents for all types of apartments, according to the report.
"Although close to Williamsburg, Greenpoint rents are significantly lower which might make this a better investment for the renter," the report said.
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