Median rent for residential in as of May, 2022.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the apartment.
111 Kips Bay, New York, NY, USA apartments for rent
Kips Bay
This charming and convenient neighborhood of New York is close to a variety of schools and hospitals— and has lots of super apartments for rent. You can also find great views of the East River here. For a unique evening out, go to Modern Pinball NYC on Third Ave — they offer unlimited plays with a wristband, so you can get the high score of your dreams. Kips Bay is popular with young professionals.
Overview
Finding a quiet neighborhood at the heart of a big city is a rare luck. Congratulations! Kips Bay is exactly that – small, cozy, close to the bustle of the Big Apple yet able to keep its residential spirit untouched.
Starting its modern history in the 17th century as a Dutch settlement, today Kips Bay is a study in historic architecture. Its patchwork-style development has seen dead walls, new apartment towers, and concrete-and-glass office high-rises, broad avenues and back alleys never meant to be shown to the public. There’s even a brick-and-wood house on East 29th Street, which date of origin is somewhere between late 18th and early 19th centuries.
The rest of the area is evenly domestic and homey, with a soft nostalgia tinge lurking at every corner. Red brick houses and chain coffee shops like Starbucks are all over the place – just what you need to become a real New Yorker.
Business & Economy
Local businesses are tightly related to the New York University, a giant that centered its healthcare amenities in Kips Bay, New York: Tisch Hospital, Rusk Institute of Rehabilitation Medicine, Bellevue Hospital Center, and others. Retail and service are major in this small residential neighborhood, and it’s a good place for a start-up. Opening a business in Kips Bay, try to follow the local trend and include the neighborhood’s name in the title, just like Kips Bay Cleaners and Kips Bay Endoscopy Center did.
Demographics
Residential and peaceful, Kips Bay is rated by all respected sources as one of the best NYC neighborhoods: houses for rent in Kips Bay are great for families and millennials, the area is safe and diverse. The population consists of young, well-educated, working professionals – naturally, the property is mostly rented. The incomes are twice the national average, yet the apartments for rent in Kips Bay keep up, which drives away less affluent community. When here, remember: local community is comfortable and relaxed, and it highly values the peace and quiet of their neighborhood.
Transportation
The area is small, and so offers a lesser set of mass transit options. There are no subway stations within the boundaries of Kips Bay, but you can always take a short walk to the closest stops on Park Avenue. Instead, a number of buses run through the neighborhood, and Grand Central Terminal is not that far away if you’re a determinate walker. By the way, the waterfront of Kips Bay, New York, can take you on a pleasant stroll with a view on Long Island City and Greenpoint across East River.
Housing Trends
How much is an apartment in Kips Bay, New York, NY, USA
Average rent in Kips Bay: $7,214 (+17.9%)
| Rent Price | May | vs Last Month |
|---|---|---|
| Studio rentals | $3,474 | N/A |
| 1 bed rentals | $7,109 | +29.1% |
| 2 bed rentals | $9,879 | +14.5% |
| 3 bed rentals | $5,200 | -59.5% |
| 4+ bed rentals | $2,631 | -31.4% |
Over the May 2022, the average rent for an apartment in/near Kips Bay, Manhattan, New York, NY increased by 17.9% to $7,214.
Breaking it down in details, we now see that the average price for 1-bed apartment stands at $7,109 with no changes this month. Pricing for 2-bed apartment remains the same, a place of this size will still cost you $9,879. Reports state that an average 3-bed apartment pricing did not change, so you can still get yourself one for $5,200. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $2,631 for a big-family home.
| Rent Type Price | May | vs Last Month |
|---|---|---|
| Apartment rentals | $7,570 | +26.9% |
| Loft rentals | $6,300 | N/A |
| Condo rentals | $2,581 | -60.6% |
| House rentals | $8,000 | N/A |
Looking at the median rent price for an apartment in Kips Bay, Manhattan, New York, NY, you can note that it remains flat with a price tag of $7,570. The median rent for a house is still $8,000 with no significant changes this month. Condo for rent is now available for the same pricing as previously — $2,581. The median rent for a loft did not face significant changes this time, it now still goes for $6,300.
Finding Apartments in Kips Bay for Rent
Cozy residential areas in the middle of New York are rare; Kips Bay grows to be a desirable exception. If you own a dog or a cat, Kips Bay will welcome the both of you: the local community is more residential than you’d expect of a busy city like New York, and there are a lot of pet-friendly condos for rent in the neighborhood.
The busy Lower Manhattan and bustling Midtown full of locals and visitors are both nearby, and both offer near limitless opportunities just a step away from Kips Bay. This small neighborhood welcomingly opens its arms to the wide public: anyone can find the rooms for rent of their dreams. Young and mature, working professionals and medical students, diverse, energetic, or calm – the only demand is to be in love with life.
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