Apartments for Rent in Brooklyn, NY Under $5,000 (2,923 Rentals)

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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New York's Best Affordable Neighborhoods

Learn about New York and the best places to live with original content written by our Local Expert Joshua Carlucci

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Brooklyn, NY Local Guide

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Getting Around Brooklyn, NY

Walk Score®

92 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

79 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

95 / 100

Rider’s Paradise

World-class public transportation

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Brooklyn, NY Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Brittney • 3+ years in Brooklyn

April 3, 2025

Love living in Brooklyn. I used to live in Manhattan and that was way to expensive. Moved out to Prospect park area and love it. Easy train ride into Manhattan, and all the stuff I need is in the area. I'd love having a great steak restaurant nearby, but I guess beggars cant be choosers. lol

Frequently Asked Questions about Brooklyn

How much are Studio apartments in Brooklyn?

There are currently 2,995 Studio Apartments in Brooklyn with rent ranges from $1,195 to $23,000 with an average price of $3,992.

What is the current price range for One Bedroom Brooklyn Apartments for rent?

Today's rental pricing for One Bedroom Apartments in Brooklyn ranges from $1,300 to $16,650 with an average monthly rent of $4,622.

What does renting a Two Bedroom Apartment in Brooklyn cost?

The monthly rent prices of Two Bedroom Apartments currently available in Brooklyn range from $2,200 to $22,440. Today's average rental price for Two Bedrooms here is $5,798.

How expensive are Brooklyn Three Bedroom Apartments?

There are currently 2,475 Three Bedroom Apartments listings available in Brooklyn on ApartmentHomeLiving.com. The pricing ranges from $1,100 to $26,750 - averaging $6,829 for the location.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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The 10 Best Affordable Neighborhoods for Renting in New York City

Written by: Joshua Carlucci

New York City is the city that never sleeps, but it’s also the city that’s often synonymous with sky-high rents and steep living costs. That said, if you’re like many of us at ApartmentHomeLiving.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.