New York renters are facing another record-setting summer. According to Corcoran Group's latest rental report, Manhattan's median market-rate rent held at an all-time high of $5,295 in July 2026, up 6 percent from a year earlier, while the average climbed to a record $6,655. Brooklyn offered some relative relief, with its median slipping 2.1 percent from June to $4,257, though that was still the borough's highest July figure on record.
The pressure is being driven by tight supply and continued demand. Manhattan had just 5,198 active listings in July, down 22 percent year-over-year, while Brooklyn inventory fell 8.6 percent to 4,492 listings. At the same time, New York's employment base continues to evolve: CBRE recently found that the New York metro area surpassed the San Francisco Bay Area as the country's largest tech-talent hub by headcount, with 394,300 tech workers in 2025 and more than 20,000 AI-related jobs added since mid-2025. That growth adds another layer of demand to a housing market that is already stretched.
New housing is therefore essential, and much of the city's new residential construction is taking place outside Manhattan. For renters willing to look to Brooklyn, that can translate into a compelling value proposition: a similarly priced apartment may come with in-unit laundry, central air, coworking space, landscaped outdoor areas, fitness facilities, and increasingly elaborate amenities that would often command a higher premium in Manhattan. At One South First, for example, residents get two full floors of amenities, an outdoor pool and rooftop cabanas, and Domino Park at their doorstep; other new buildings featured below offer private terraces, skyline views, pickleball courts, children's playrooms, on-site parking, and more.
There is another advantage to having several large new developments leasing at once: competition. Developers want to fill hundreds of never-before-lived-in apartments, and some are offering one, two, or even three months of free rent to lure tenants. These concessions can take a meaningful bite out of first-year housing costs, particularly at a time when moving expenses and record rents are already stretching budgets.
That is where net-effective rent comes in. Rather than permanently lowering the monthly rent, a landlord may offer free months and spread those savings across the full lease to calculate a lower net-effective rate. The gross rent is generally what you actually owe during the paid months, and the concession typically disappears when the initial lease ends, so renters should consider both numbers when budgeting for the apartment and a potential renewal. Below, we look at 10 new Brooklyn rental buildings currently offering free-rent incentives, and what renters get for their money.
TEN luxury rental buildings offering over one month of free rent
Featured Williamsburg Rental
One South First
1 South 1st Street, Williamsburg, Brooklyn, NY 11249
A COOKFOX-designed waterfront rental at the Domino Sugar Factory site with skyline and East River views, two floors of resident amenities, and Domino Park directly outside its doors.
One South First is a mixed-use rental tower on the Williamsburg waterfront and one of the major components of Two Trees Management’s redevelopment of the former Domino Sugar Factory site. Designed by COOKFOX Architects, the building is distinguished by a faceted white precast concrete facade inspired by the structure of sugar crystals, with Domino Park and the East River directly outside its doors.
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Residences range from studios to two-bedrooms and feature floor-to-ceiling windows, white oak floors, central air, in-unit Bosch washer/dryers, and kitchens with custom Italian cabinetry and Bosch appliances. Current availabilities include studios and one-bedrooms asking from $4,285 to $6,137 per month, with a limited-time incentive of up to 1.5 months free offered on select residences.
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- 46th-floor outdoor swimming pool
- Rooftop cabanas
- Fitness center
- Yoga and movement studio
- Resident lounge
- Coworking spaces
- Private dining and entertaining spaces
- Children's playroom
- Game and media rooms
- Landscaped outdoor terraces
- Bike storage
- Direct access to Domino Park
Two full floors are devoted to resident amenities, including an outdoor pool and landscaped sundeck overlooking the waterfront, a fitness club, lounges, coworking areas, private conference rooms, a screening theater, and a playroom. The 46th-floor roof deck adds private cabanas and expansive Manhattan views, while additional conveniences include a 24-hour concierge, bicycle storage, and a pet grooming station.
Featured Gowanus Rentals
Society Brooklyn
500 Degraw Street & 504 Sackett Street, Brooklyn, NY
Two new 21-story rental buildings bringing 517 residences, extensive indoor and outdoor amenities, and a new waterfront park and esplanade to the Gowanus Canal.
Society Brooklyn
Society Brooklyn is a two-building rental development along the Gowanus Canal from Property Markets Group and Carlyle, with architecture by SLCE Architects. The 21-story buildings contain 517 apartments combined, with 344 residences at Degraw and 173 at Sackett, and overlook a new waterfront park and esplanade designed by SCAPE.
Degraw offers studios to two-bedrooms, while Sackett is geared toward larger households with one- to three-bedroom layouts. Apartments feature oversized windows, in-unit washer/dryers, smart thermostats and locks, Caesarstone countertops, and two distinct finish palettes, with private outdoor space in select homes. Current availabilities start at $3,321 per month, with up to three months free on select residences.
Both buildings offer extensive indoor and outdoor amenities, including swimming pools and sundecks, fitness centers and studios, coworking spaces, resident lounges, children's playrooms, outdoor dining and grilling areas, and rooftop terraces. The development also includes more than 57,000 square feet of retail space, with part of it reserved for local makers and artists, while the new waterfront park and esplanade extends the project directly to the Gowanus Canal.
Featured Greenpoint Rentals
Greenpoint Central
65 & 75 Dupont Street, Brooklyn, NY 11222
A new 471-unit Greenpoint rental development with light-filled residences, unusually large private outdoor spaces in select homes, and an extensive collection of indoor and outdoor amenities.
Greenpoint Central is a new 471-unit rental development spanning 65 and 75 Dupont Street in northern Greenpoint. Developed by Madison Realty Capital and designed by Hill West Architects, the seven- and eight-story complex occupies a large site near the neighborhood's East River waterfront and includes 143 affordable apartments.
Residences range from studios to two-bedrooms and feature large windows, quartz countertops, stainless steel appliances, individually controlled heating and cooling, and in-unit washer/dryers. Select homes have 12- or 15-foot ceilings and private outdoor spaces reaching more than 2,500 square feet. Current market-rate availability starts at a net rent of $3,235 per month, with up to 1.5 months free currently offered.
The amenity package is unusually extensive for a low-rise development, with a fitness center and studio, pickleball court, outdoor yoga lawn, landscaped courtyard, roof deck, coworking library, lounges, children's playroom, golf simulator, and music room. Residents also have access to on-site parking, bike and tenant storage, a pet spa, smart package room, and an attended lobby.
Featured Crown Heights Rental
Botanic Heights
960 Franklin Avenue, Brooklyn, NY 11225
A new 290-unit Crown Heights rental with one- to three-bedroom homes, a full suite of indoor and outdoor amenities, and Prospect Park and Brooklyn Botanic Garden just a few blocks away.
Botanic Heights is a new seven-story rental at 960 Franklin Avenue in Crown Heights, developed by Jay Group. The building contains 290 apartments and is particularly well positioned for access to green space, with Prospect Park and Brooklyn Botanic Garden a few blocks away and the Brooklyn Museum also nearby. The 2/5 trains at Sterling Street and B/Q trains at Prospect Park provide additional neighborhood connections.
Residences range from one to three bedrooms and feature high ceilings, floor-to-ceiling windows, hardwood floors, in-unit washer/dryers, central heating and air conditioning, and kitchens with premium appliances. Select apartments have private balconies. Current incentives include 2.5 months free on a 19-month lease or 1.5 months free on a 12-month lease.
Amenities include a fitness center and yoga room, coworking space, social and party lounges, a children's playroom, and a landscaped rooftop with views extending from Prospect Park toward the Brooklyn skyline. Practical features include a package room, pet spa, bike and private storage, and an on-site parking garage, a particularly useful addition for this part of Brooklyn.
Featured Downtown Brooklyn Rental
House 55
55 Willoughby Street, Brooklyn, NY 11201
A new 43-story Downtown Brooklyn rental with floor-to-ceiling windows, sweeping city and harbor views, and two full floors of amenities at the top of the building.
House 55 at 55 Willoughby Street in Downtown Brooklyn
House 55 is a new 43-story rental at 55 Willoughby Street in Downtown Brooklyn, developed by Lonicera Partners and Rabina. Its height and location next to Brooklyn Commons give many apartments far-reaching views, while the building is within walking distance of numerous subway lines and the brownstone neighborhoods surrounding Downtown Brooklyn.
The 295 residences range from studios to two-bedrooms and feature floor-to-ceiling windows, nine-foot ceilings in main rooms, central heating and air conditioning, Bosch washer/dryers, and custom solar shades. Kitchens have Caesarstone countertops, custom cabinetry, Porcelanosa backsplashes, and Samsung and Bosch appliances, including induction ranges. Current availability starts at $3,950 per month, with 1.7 months free on a 12-month lease on select residences.
Rather than placing its major amenities on the lower floors, House 55 reserves its upper levels for residents. The 42nd floor and rooftop include a Great Room with fireplaces, coworking lounge, dining room with catering kitchen, game room, fitness center, outdoor kitchen, dining cabanas, and sundeck, all positioned to take advantage of 360-degree views stretching from Manhattan and the Statue of Liberty to the Atlantic Ocean.
Featured Gowanus Rental
499 President
499 President Street, Brooklyn, NY 11215
A new 350-unit Gowanus rental between Park Slope and Carroll Gardens, with flexible layouts, approximately 25,000 square feet of amenities, and the Union Street R train one block away.
499 President Street (Photograph by Pavel Bendov / ArchExplorer)
499 President is a new mixed-income rental developed by The Brodsky Organization and Avery Hall in Gowanus, where a wave of new housing has followed the neighborhood's rezoning. Designed by SLCE Architects, the 350-unit development wraps around the longtime home of the Royal Palms Shuffleboard Club and is positioned between Park Slope and Carroll Gardens, with the Union Street R train one block away.
Apartments range from studios to two-bedrooms, including layouts with home offices, with ceilings approaching nine feet and reaching as high as 20 feet in select residences. Interiors feature large windows, Caesarstone kitchen countertops, porcelain tile backsplashes, Kohler tubs, and in-unit Bosch washer/dryers, while some homes have private outdoor space. Current market-rate availability starts at $3,500 per month, with incentives varying by apartment from one month free on a 12-month lease to two months free on a 20-month lease.
Approximately 25,000 square feet of amenities include a fitness center, Pilates and yoga spaces, coworking lounge, golf simulator, resident lounges, and spaces for dining and games. The standout is a rooftop pool and terrace, while practical offerings include bike storage, on-site parking with electric-vehicle charging, and resident programming through the Brodsky Neighbors program.
Featured Windsor Terrace Rental
One Park Point
11 Ocean Parkway, Brooklyn, NY 11218
A new 375-residence Windsor Terrace rental directly across from Prospect Park, with park and skyline views, private outdoor space in select homes, and extensive indoor and outdoor amenities.
One Park Point is a 13-story rental at 11 Ocean Parkway in Windsor Terrace, directly across from the southwest corner of Prospect Park. Designed by FXCollaborative, the 375-unit building occupies an unusual position at the meeting point of Windsor Terrace, Park Slope, and Kensington, putting the park, the Parade Ground, and the F/G trains within easy reach.
The one- and two-bedroom residences feature oversized windows, white oak floors, in-unit washer/dryers, walk-in closets, and kitchens with quartz countertops and backsplashes. Many homes capitalize on the location with Prospect Park or skyline views, while select apartments have private terraces. Current availability starts at $3,700 per month, with concessions ranging from 1.5 months free on a 12-month lease to three months free on select 16- and 18-month leases.
Amenities make particularly good use of the building's proximity to the park, with a furnished roof deck offering 360-degree views of Prospect Park and the city skyline, along with a landscaped courtyard. Indoor offerings include a fitness center, yoga/barre and Pilates spaces, coworking areas, resident and library lounges, and a children's playroom, while bike storage and on-site parking add practical conveniences for residents.
Featured Bedford-Stuyvesant Rental
AtlanticBK
1057 Atlantic Avenue, Brooklyn, NY 11238
A new 456-residence rental at the crossroads of Bedford-Stuyvesant, Clinton Hill, and Prospect Heights, with an all-electric design, skyline views from select homes, and more than 35,000 square feet of amenities.
AtlanticBK is a new 17-story rental at 1057 Atlantic Avenue, where Bedford-Stuyvesant meets Clinton Hill and Prospect Heights. Developed by Douglaston Development with BEB Capital and Totem and designed by Dencityworks Architecture, the 456-unit project adds substantial new housing to the rapidly changing Atlantic Avenue corridor. The all-electric building was also designed with green roofs and other measures intended to reduce energy use and its impact on city infrastructure.
Residences range from one to three bedrooms and feature floor-to-ceiling windows, solar shades, individually controlled heating and cooling, and in-unit washer/dryers. Kitchens have quartz countertops, two-tone cabinetry, and GE and Blomberg appliances, while select apartments enjoy unobstructed Manhattan skyline views. Current availability starts at $3,925 per month, with 2.5 months free on an 18-month lease on select residences.
More than 35,000 square feet of indoor and outdoor amenities include a 10,000-square-foot landscaped roof terrace, fitness center and aerobics studio, coworking lounge with private conference rooms, golf simulator, screening room, children's playroom, game lounge, reading room, and two party rooms with kitchens. A 24-hour attended lobby, dog wash, bicycle storage, package room, and on-site parking round out the offerings.
Featured Gowanus Rental
Nevins Landing
Nevins Street at Carroll Street, Gowanus, Brooklyn
A new two-building waterfront rental at Gowanus Wharf, with canal and skyline views, private outdoor space in select homes, and access to an extensive collection of indoor and outdoor amenities.
Nevins Landing
Nevins Landing is the newest component of Gowanus Wharf, a growing residential campus along the Gowanus Canal. Developed by Charney Companies and Tavros Capital and designed by Fogarty Finger, the North and South buildings use arches, masonry, and industrial-inspired details that reference the neighborhood's manufacturing history and nearby Powerhouse Arts. The waterfront location also puts residents near new public open space along the canal and within walking distance of the Carroll Street F/G and Union Street R trains.
Apartments range from studios to three-bedrooms and feature expansive windows, wide-plank engineered wood floors, in-unit washer/dryers, Caesarstone countertops and backsplashes, and integrated appliances. Select residences have alcoves, balconies or terraces, multiple exposures, and views of the canal, skyline, or landscaped courtyards. Current availability starts at $3,250 per month, with the leasing site advertising up to two months free.
Residents have access to the Drift Club, the shared amenity collection across Gowanus Wharf. Nevins Landing South alone has more than 23,000 square feet of indoor and outdoor amenities, including a fitness center with outdoor workout space, coworking rooms, entertainment and game lounges, private dining, a golf simulator, and landscaped terraces with outdoor mini-golf. The broader campus adds a rooftop pool, spa and cedar-lined sauna, giving residents an unusually broad recreational offering without leaving the development.
Featured Crown Heights Rental
The Arcadian
975 Nostrand Avenue, Brooklyn, NY 11225
A new 328-residence Crown Heights rental organized around a lush landscaped courtyard and gardens, with studios to three-bedrooms and an extensive collection of indoor and outdoor amenities.
The Arcadian is a new nine-story rental at 975 Nostrand Avenue in Crown Heights, near the border of Prospect Lefferts Gardens. Developed by The Hudson Companies and designed by ODA, the building's two wings surround a large landscaped courtyard with tiered gardens and other green spaces, while the ground floor brings a new supermarket, additional retail, and community space to Nostrand Avenue. Prospect Park and the Brooklyn Botanic Garden are also nearby.
The 328 apartments range from studios to three-bedrooms and feature oversized windows, engineered American oak floors, central heating and cooling, in-unit washer/dryers, stone countertops, and stainless steel appliances. The building was designed with sustainability in mind, with solar panels, green roofs, energy-efficient systems, and participation in LEED for Homes. Current availability starts at $2,900 per month, with up to two months free on select residences.
The amenity package is particularly broad for a nine-story building, with a fitness center, coworking spaces and private work booths, children's playroom, library lounge, karaoke room, game room, maker space, pet spa, dog run, and rooftop grilling areas. Outdoor recreation includes pickleball and basketball, while the landscaped central courtyard, community garden, and other green spaces reinforce the nature-focused design. An attended lobby and on-site parking add practical conveniences.
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