CROWN HEIGHTS — Rental prices in Crown Heights have jumped 7 percent since last year, a new real estate survey has found, rising faster than the borough’s overall average.
In November, studios in Crown Heights rented for $1,571, one-bedrooms went for $1,917 and two-bedrooms cost $2,298 a month on average, up 7 percent overall from rental prices in the neighborhood in November of 2013 — $1,350 for a studio, $1,788 for a one-bedroom and $2,270 for a two-bedroom, according to a report by MNS real estate released Thursday.
Prices for apartments in Brooklyn overall increased from last year, but at a more modest rate. The average cost of an apartment rose from $2,616 in November 2013 to $2,677 in November of 2014, a 2 percent increase, MNS found.
Boerum Hill had the highest price jump in Brooklyn from this year to last year, with an 11.5 percent spike, the report found.
Prospect-Lefferts Gardens, the neighborhood located directly south of Crown Heights and east of Prospect Park, came in second in the borough, with a 7.2 percent rise in rental prices this November over last year, according to the report.
But even though Prospect-Lefferts had one of the biggest rent increases in the borough, the report found its apartments still have some of the lowest prices among Brooklyn’s in-demand neighborhoods. Of the areas the survey analyzed, studios and two-bedroom in Prospect-Lefferts cost the least on average last month, at $1,419 and $2,057, respectively.
The MNS report compiles price data from proprietary and public rental listings, excluding properties priced higher than $10,000 a month, the company said. The report includes most neighborhoods between Greenpoint and Park Slope, excluding nearly all neighborhoods south of Prospect Park, with the exception of Bay Ridge.