Top 7 Cheapest neighborhoods in Brooklyn with the Best quality of life – 2024

Despite being a metropolis, Brooklyn provides suburban calm and plenty of greenery. There is something for everyone, with alternatives that cater to all lifestyles, from easily accessible parks to vibrant nightlife to the safest neighborhoods.

Consider moving to Brooklyn when selecting your family’s new home. The place has some neighborhoods that have affordable housing based on your budget and an ideal living experience, which makes it a great place to live.

In this article, MovingWaldo will take you through the top 7 cheapest places to live in Brooklyn with the best quality of life in 2024.

Methodology

We based our ranking of the 7 cheapest places to live in Brooklyn on the median cost of buying a property in 2023, the median cost of rent for a 1-bed apartment in 2023, and the quality of life. We collected the data from Rocket Homes Real Estate Housing Market Reports and Zillow. To help you compare, As of July 2023, the median cost of buying a property in Brooklyn is $949,947 and as of April 2023, the median rent for an apartment is $3,500

The “Best quality of life” aspect is measured based on feedback from real people who have moved to this area in our database or real people from trusted online forums. More specifically, we look for positive feedback on job opportunities, quality of education, quality of healthcare, feeling of safety, public transportation, environment (cleanliness), as well as availability of recreational facilities and parks.

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Cheapest neighborhoods in Brooklyn

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1. Prospect Park South

prospect park

Median 1-bed apt rent: $2,397.50

Median property buying cost: $825,000

Prospect Park South is a beautiful and upscale neighborhood in the center of Brooklyn, New York. It’s perfect for those who want both elegance and convenience, with lovely tree-filled streets and a lively community.

Locals have easy access to Prospect Park, and they enjoy the challenging watercourse (wetlands), which represent the majority of Brooklyn’s remaining natural forest. It is a haven for children and nature enthusiasts who come to play ball, watch birds, and attend outdoor concerts. The Memorial Arch, which stands at its entrance, is an important architectural landmark.

As of June 2023, the median cost of buying a property is $825,000 and the median rent for a 1-bedroom is $2,397.50 as of July 2023. 

Rocket Homes (June 2023) & Zillow (July 2023)

Prospect Park South, Brooklyn, NYC

2. Crown Heights

Median 1-bed apt rent: $2,450

Median property buying cost: $1,027,000

Crown Heights is a neighborhood in Brooklyn that has a rich cultural heritage. The Brooklyn Museum is one of the landmarks that contributes to the neighborhood’s unique identity and provides residents with enriching cultural experiences.

Crown Heights is also home to several notable schools, including the renowned Medgar Evers College Preparatory School and Medgar Evers College Prep. The community has events that help to bring locals together.

As of July 2023, the median cost of buying a property is $1,027,000 and the median rent for a 1-bedroom is $2,450. 

Rocket Homes (July 2023)Zillow (July 2023)

Crown Heights, Brooklyn, NYC

3. Clinton Hill

Clinton hill building

Median 1-bed apt rent: $3,851.50

Median property buying cost: $770,000

Clinton Hill is a small neighborhood in Brooklyn, sandwiched between Bed-Stuy and Fort Greene. The neighborhood is near lush parks like Fort Greene Park and Underwood Park, fostering outdoor engagement.

This neighborhood is home to the Pratt Institute, a New York City destination for students interested in architecture, art, design, and liberal arts and sciences, which enhances the neighborhood’s appeal. 

Residents appreciate Clinton Hill’s distinctive blend of artistry, history, schools, wellness, recreation, and dining, which make it one of the best neighborhoods to live in Brooklyn.

As of July 2023, the median cost of buying a property is $770,000 and the median rent for a 1-bedroom is $3,851.50. 

Rocket Homes (July 2023) & Zillow (July 2023)

Clinton Hill, Brooklyn, NYC

4. Park Slope

6. Park Slope - The 8 Best Neighborhoods in Brooklyn in 2022

Median 1-bed apt rent: $3,350

Median property buying cost: $1,651,666

Park Slope, a residential haven in Brooklyn, has a family-friendly atmosphere with its tree-lined streets and vibrant cultural scene. Locals praise its proximity to a beautiful park like Prospect Park, providing outdoor concerts, picnics, and jogging opportunities. 

Park Slope is popular with both families and young professionals and is known for its diversity of indie boutiques, relaxed bars, and restaurants. 

As of June 2023, the median cost of buying a property is $1,651,666 and the median rent for a 1-bedroom is $3,350 as of July 2023. 

Rocket Homes (June 2023) & Zillow (July 2023)

Park Slope, Brooklyn, NYC

5. Cobble Hill

cobble hill, nyc

Median 1-bed apt rent: $3,888 

Median property buying cost: $1,442,500

Cobble Hill is a delightful neighborhood characterized by its charming streets and historic brownstones. The area is known for its upscale and trendy atmosphere, which attracts a diverse population of residents.

It is home to Cobble Hill Park and Brooklyn Bridge Park, which provide serene green spaces and recreational facilities. Locals frequently praise Cobble Hill for its welcoming atmosphere, diverse dining options, and overall charming ambiance.

However, while the median rent for a 1-bedroom is $3,888 as of July 2023, the median cost of buying a property is $1,442,500 as of June 2023. 

Rocket Homes (June 2023) & Zillow (July 2023)

Cobble Hill, Brooklyn, NYC

6. Carroll Gardens

2. Caroll Gardens - The 8 Best Neighborhoods in Brooklyn in 2022

Median 1-bed apt rent: $3,300

Median property buying cost: $2,000,000

Carroll Gardens offers convenient transportation options, facilitating easy travel within Brooklyn and to Manhattan. 

Locals of Carroll Gardens enjoy recreational opportunities at Carroll Park, a beautiful green space perfect for everyone, and frequently highlight the neighborhood’s peaceful and family-friendly environment, praising the strong sense of community and the rise of local businesses and dining options.

Carroll Gardens is fortunate to have nearby healthcare institutions, including NYU Langone Hospital in Brooklyn, Maimonides Medical Center, and New York-Presbyterian Brooklyn Methodist Hospital, which offer a wide range of medical specialties and services.

The median rent for a 1-bedroom is $3,300 as of August 2023, the median cost of buying a property is $2,000,000 as of July 2023. 

Rocket Homes (July 2023)Zillow (August 2023)

Carroll Gardens, Brooklyn, NYC

7. Fort Greene

fort greene

Median 1-bed apt rent: $3,500

Median property buying cost: $5,300,000

Fort Greene, a Brooklyn neighborhood close to Manhattan, is a blend of historic charm and modern living. It is home to Fort Greene Park, a tranquil retreat anchoring the community. It is known for its tree-lined streets and welcoming ambiance; it’s a family-friendly haven.

Diverse activities cater to varied interests, from the seasonal treats of the Brooklyn Flea Market to captivating performances at the Brooklyn Academy of Music. The nearby Barclays Center hosts concerts and sports events for locals to enjoy.

As of August 2023, the median rent for a 1-bedroom is $3,500 and the median cost of buying a property is $5,300,000.

Rocket Homes (August 2023)Zillow (August 2023)

Fort Greene, Brooklyn, NYC

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Conclusion

There are many factors to consider before moving to an affordable neighborhood, but with plans, a certain amount of funds, and determination, it will definitely be worth it. 

Without question, Brooklyn is the ideal borough to live in for families and young professionals; it has uninterrupted views of the night sky and Manhattan across the East River, which is certainly a great bond.

With the help of this article, you may choose where to settle among the cheapest places to live in Brooklyn with the best quality of life in 2024. Are you planning on moving soon? Learn more about the Best Brooklyn Movers!

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Ann Nacario

The author

Meet Ann – our head writer with a knack for making moving and city living a breeze. From the many details of moving to picking the perfect moving company, she’s your guide. Ann has a friendly yet detailed approach to ensure your move goes off without a hitch. When she’s not writing about relocation, it will always be on her mind, but you’ll catch her spending time with her three furry friends.

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