Park Slope’s Average One-Bedroom Rent Hits $3,706, Study Finds

PARK SLOPE, NY — Dreaming of life in Park Slope?

Be prepared to spend about $3,706 a month for a one-bedroom, according to a new study.

That price may sound steep, but it actually reflects a slight dip in local rent costs, based on data analyzed by Zumper.

According to Zumper’s National Rent Index, rents are still trending downward nationwide, though the pace of cooling has slowed for the second straight month. That suggests the downward pressure on prices could be easing.

New York City, however, remains the most expensive market in the U.S. for one-bedroom apartments.

In Park Slope, the average one-bedroom rent sits at $3,706, marking a six percent decrease compared to last year, the data shows.

The steepest drop occurred in three-bedroom units, where the average rent fell to $4,700 in March, a 25 percent decline year over year.

Even with those price drops, Park Slope remains far pricier than most neighborhoods nationwide. The area’s median rent across all property types reached $3,950 in March 2026 — 107 percent higher, or about $2,040 more, than the national average.

Zooming out, Brooklyn as a whole has seen a modest rent increase this year compared with 2025. The average one-bedroom now rents for around $4,100, up five percent.

In nearby Cobble Hill, the median rent across all property types rose to $4,500, a six percent jump from last year.

Adding to the broader picture, a recent report from StreetEasy found that New York City’s rental inventory fell 5.5 percent year over year to 25,989 units in February. As demand continues to outpace supply, the citywide median asking rent climbed 8.2 percent over the same period to $3,950.

Manhattan led the inventory decline with a 3.5 percent drop in February, marking the 24th straight month of year-over-year decreases — the longest stretch ever recorded.

For Park Slope renters, though, these shifts translate to only a small break in what remains one of Brooklyn’s priciest neighborhoods.