New York is America’s most populous and diverse city — home to 8.5 million people. Over 800 languages are spoken here! Obviously, such an eclectic city has any rentals you might possibly want: from luxury high-rise apartments with stunning city views to cozy studio apartments nestled in vibrant neighborhoods, there's something for everyone. With so many options, finding the perfect rental property in New York City can be a daunting task. But with a little research and thanks to Rentberry’s wide selection and handy filters, renters can find their dream home in the city that never sleeps. Renters can choose from modern new construction homes, classic brownstones, or spacious lofts, just to name a few, depending on their preferences and budget.
|Number Of Employees||4M|
|Median Property Value||$645,100|
Out of all the boroughs, The Bronx is generally considered to have the cheapest rent in New York City. It offers more affordable housing options compared to other boroughs, although prices can still vary significantly within different neighborhoods in the Bronx. We recommend using our pricing statistics to learn about the most recent pricing trends.
Luckily, you’re in the right place to start your search for a new home in New York City. Using old-school classifieds comes with many risks, and brokers would usually charge you an arm and a leg and only act as an intermediary between you and the landlord. That’s why we created Rentberry! Thanks to our wide selection of apartments for rent in NYC, extensive filters, and plenty of valuable information for renters, searching for a new place becomes as easy as never before.
Some neighborhoods in NYC that offer relatively more affordable apartments for rent include parts of the Bronx (such as Morrisania, Hunts Point, and Soundview), parts of Brooklyn (such as East New York, Brownsville, and Flatbush), and parts of Queens (such as Jamaica and Far Rockaway).
Yes, there are rent-stabilized apartments available in NYC. Rent stabilization is a program that sets limits on how much a landlord can increase the rent for eligible apartments. The process involves specific criteria such as the building's construction date, the number of units, and whether it is located in certain designated areas. Tenants in rent-stabilized apartments have certain rights and protections, including the right to lease renewals and regulated rent increases.
The rental market in NYC is known for its high demand and relatively high prices compared to many other major cities in the United States. The cost of living and rental rates in NYC tend to be significantly higher than in most other urban areas across the country. The competitive nature of the rental market and limited housing supply contribute to higher prices. However, it's worth noting that rental markets in other major cities like San Francisco, Los Angeles, and Boston also face similar challenges and high costs due to their popularity and limited housing availability.
AUGUST 27, 2023
Have you ever wondered what the biggest difference between ordinary people and IT geeks is? Well, the first group believes that Silicon Valley is the center of the startup world, while the second can easily explain the difference between Silicon Beach, Silicon Mountain, and Silicon Alley. And if you feel like googling all three names, don’t even bother: we are here to save you time….
AUGUST 27, 2023
We hope neither Ryan Gosling nor Emma Stone will blame us for quoting a line from a La La Land song. But how could we resist if ‘City of stars, are you shining just for me?’ is exactly the words young professionals whisper when planting their roots somewhere in New York City or Boston? Trading a calm of a small city for an endless chase…
AUGUST 27, 2023
While the immigration topic may be very contradictory, it will be fair to admit that immigration is one of the core elements in the United States’ development as a country.
Overall, renting in New York can be challenging, but with the right preparation and knowledge, it can also be a rewarding experience. Renters here can enjoy the unique cultural experiences and opportunities that come with living in one of the most vibrant cities in the world. Here are some things to keep in mind if you decide to rent in NYC: 1. High rent prices: New York is constantly included in the lists of the US cities with the highest rent, especially if you look for a place in popular neighborhoods like Manhattan and Brooklyn. We recommend spending some time researching the area that will work best for you, both when it comes to the property prices as well as the quality of life. 2. Rental market: New York's rental market can be competitive, so be prepared to act quickly when you find a place you like. When you start looking for a place, have all your paperwork ready and the needed amount for the first month’s rent and security deposit. And, if you like the rental, try to apply immediately, as it can be gone fast. 3. Rent control and rent stabilization: New York has strong tenant protection laws, including rent control and stabilization laws that regulate the amount that landlords can charge for rent. These provisions apply to certain types of buildings and units and can provide tenants with more stability and protection against excessive rent increases. 4. Transportation: New York has a robust public transportation system, including subways, buses, and trains. Consider proximity to public transportation, especially the subway, when choosing an apartment, as it can make getting around the city much easier. 5. Safety: While New York City is generally a safe place to live, it's important to take precautions to protect yourself and your belongings. Research crime rates in the neighborhoods you're considering and take steps like installing a security system or investing in renter's insurance.
New York City is a bustling hub of business and employment opportunities, making it an attractive destination for renters looking to establish themselves in their chosen careers. Home to Wall Street, New York is almost synonymous with business and finance. Overall, the city boasts a diverse range of industries, including media, fashion, and technology, providing ample opportunities for job seekers. The top employers in New York are the City of New York, the New York City Department of Education, The Metropolitan Transit Authority, The United States Government, The New York City Health and Hospitals Corp, JPMorgan Chase, the State of New York, and Citigroup.
As a renter in New York City, you should be aware of the climate and its potential impacts on your daily life. NYC experiences a humid subtropical climate with hot summers and cold winters, so you should be prepared for both extremes. During the summer, temperatures can reach up to 90°F (32°C) with high humidity, while winters can bring temperatures below freezing and snowfall. It's essential to prepare your living space accordingly with proper insulation, heating and cooling systems, and weather stripping to avoid energy waste and high utility bills. It might be a good idea to pay attention to rentals with split HVAC systems, as it can help you save costs and be more energy efficient.
Renters in New York City can expect to encounter a wide range of cultures, languages, and lifestyles. According to recent data, the city is predominantly made up of minorities, with nearly half of the population identifying as Hispanic or Latino, African American, or Asian. What’s more, the bustling boroughs of Manhattan, Brooklyn, Queens, the Bronx, and Staten Island offer diverse neighborhoods with unique charms and cultural offerings. Some of them, called ethnic enclaves, are dominated by only one ethnicity, such as Little Guana, Koreatown, Little Poland, or Little Greece. As a renter, you can choose whether to look for a property in one of the more heterogenous areas or stick to the culture you’re more familiar with.
New York City may be known for its towering skyscrapers and bustling streets, but there are plenty of outdoor spaces for renters to explore. The city is home to over 1,700 parks, including Central Park, one of the largest urban parks in the world. Renters can enjoy everything from picnics and bike rides to kayaking in the city's green spaces. For those looking for a beach day, there are plenty of options within a short distance of the city, such as Coney Island or Rockaway Beach. Plus, many of the city's outdoor spaces offer free events and activities throughout the year, making it easy for renters to stay active and engaged with their community.
Transportation in NYC is an integral part of daily life for renters. With a robust public transportation system, including the subway, buses, and ferries, it's easy to get around the city without a car. The subway system is one of the most extensive in the world, making it easy to access any neighborhood in the city. For those who prefer to bike, the city has over 1,200 miles of bike lanes and numerous bike-share programs. Additionally, rideshare apps like Uber and Lyft are widely used in the city, providing a convenient option for renters on the go. While traffic and congestion can be an issue, the city's transportation options make it easy for renters to get where they need to go.
Manhattan is New York City’s most densely populated, most crowded, and also most attractive borough. Made up of Manhattan Island and surrounded by the Hudson River, East River, and Harlem River, it is home to big-name attractions. The Empire State Building, One World Observatory, the High Line, Central Park, and Times Square are only some points on the long list. Manhattan is the world’s commercial, financial, and cultural center all rolled into one.
Home of Wall Street, the New York Stock Exchange, and towering skyscrapers, the financial district is high-powered. Located near the East and Hudson rivers, you can easily go for a scenic walk along the waterfront. Even better, you can find surprisingly affordable high-rise apartments for rent in the Financial District. There are some really unique dining options here, including Ramen Co — a restaurant from Keizo Shimamoto, creator of the ramen burger.
Affluent and stylish, the Upper East Side is a New York classic. It’s located right near Central Park, and you can start every day with a run here. Another plus is that there’s a little less hustle and bustle here, so it’s great for people who crave the occasional quiet moment. Apartments for rent in the Upper East Side tend to be on the pricier side.
Due to its proximity to Columbia University, the Upper West Side attracts students seeking off-campus apartments for rent. It’s also a hub of cultural life — home to the New York City Ballet, The New York Philharmonic Orchestra, and The Museum of Natural History. There’s also fine dining available — Jean Georges offers some of the best French food anywhere — jacket required.
Don’t the name fool you — Hell’s Kitchen is an increasingly trendy neighborhood for young professionals seeking apartments for rent. It’s also popular with artists and the LGBT community. There are plenty of cool family-owned restaurants, bakeries, coffee shops, and long-term apartments for rent in Hell’s Kitchen. Craving a pint? Head on down to the Pony Bar for great craft beers.
The northernmost borough of New York City, the Bronx, is separated from Manhattan by the Harlem River and is bordered by Westchester County, the Hudson River, the East River, and Long Island Sound. The Bronx is the only mainland borough of New York City. The borough became an official part of the city only in 1898 and was previously considered a territory of Westchester County. The Bronx is a recognized birthplace of hip-hop, graffiti, and New York Yankees.
One of America’s most well-known neighborhoods. Music, food, and events abound here. It’s also a bit more affordable — and there are lots of cool lofts and townhouses for rent here. Don’t forget to check out the Apollo Theatre!
Greenpoint is the first choice for budget-conscious young professionals looking for apartments for rent in Brooklyn. Somewhat removed from the city, it’s a great place to unwind after a hard day at the office. There are lots of neat lofts and townhouses for rent here. It also boasts some of New York’s best Polish cuisine.
Classic NYC. Popular with families and successful professionals. Midtown is close to Grand Central Station, which makes commuting from here a breeze. It’s a great place to find high-rise apartments for rent. Midtown East is one of New York’s safest neighborhoods. Nature lovers will be at home here, too — there are over 2000 trees in Midtown.
A laid back, mellow neighborhood, good for grad students, or for people who work in the city center but want to find more affordable apartments for rent. World citizens will be pleased by the proximity to the U.N. Murray Hill offers all sorts of entertainment as well. Want to unwind after work? Check out Bravest, a firefighter-themed bar, or head down to Koreatown for great BBQ.
This Midtown neighborhood is known for its cool arts and culture beat. It’s especially popular among the LGBT community. A popular attraction is the Chelsea historic district — 19th-century townhouses and cobblestone streets make it a lovely place to spend an afternoon or to rent an apartment.
This charming and convenient neighborhood is close to a variety of schools and hospitals— and has lots of superb 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.
The East Village is quickly gentrifying but still has its classic NYC ambiance. The arts scene is huge here and has produced greats like Andy Warhol. There’s plenty of music too — the East Village is widely regarded as the birthplace of punk. It’s a great place for young people to find lofts or apartments for rent.
Brooklyn, the most populous borough of New York City, is home to more than 30 neighborhoods. Located on the western end of Long Island, this borough is especially famous for Coney Island, Prospect Park, and Brooklyn Bridge. Brooklyn is as great as it is diverse, with neighborhoods ranging from luxury DUMBO to hipster-like Williamsburg to a free-spirited Coney Island.
The heart of Brooklyn, Downtown, is fast-paced. Many of Brooklyn’s businesses operate here. There’s no lack of things to do either — the iconic Brooklyn Bridge is a must-see. Apartments for rent in Brooklyn can be expensive, so you may want to consider finding a roommate.
This young, artistic neighborhood pulsates with energy. It’s also got easy access to the L, M, and J trains — so getting downtown is a cinch! Denizens of Williamsburg like to go out, so it’s a good thing this neighborhood offers several hip rooftop bars. Drink delicious cocktails and watch the sunset over NYC at The Ides Bar — a swanky rooftop joint. Studio apartments for rent in Williamsburg start around $1,500.
This charming neighborhood is full of 19th century Italianate and Eastlake architecture. The vibe here is more relaxed, and it’s a good neighborhood for families with children. Pet owners will be at home here, too — there are lots of great pet-friendly apartments for rent, and the nearby Fort Greene Park is a great place to get exercise with your furry friends!
Queens — the borough located across the East River from Manhattan — is considered the fastest-growing part of New York City. Named America’s best place to visit by Lonely Planet, Queens has got sights to satisfy all tastes and needs — ‘Panorama’ Museum, Meadows Corona Park, City Field, and the Unisphere is just a small part of attractions the borough is so famous for. Queens is deservedly considered the place of picturesque parks, major sporting events, and adventurous art.
Rapidly growing and gentrifying, Long Island City is a young, energetic neighborhood. You can find affordable apartments with great views of the East River here. On the weekends, check out one of the many hip breweries or art museums.
This neighborhood is ideally located — laidback, but with easy access to the city center. Can you say gyros? Astoria is historically Greek, and there are tons of great ethnic restaurants here. This neighborhood is a good choice for families, and there are plenty of kid-friendly attractions.
Laidback, charming and affordable, this borough will steal your heart. Nature lovers can find the city’s largest forest preserve here, and the beach is just minutes away. Staten Islanders also enjoy free ferry rides! While this borough is a little farther from the New York City center, rents tend to be much lower. You also have access to the PATH train here, which goes straight to Manhattan. Of course, there’s no need to leave Staten Island for entertainment — the borough itself has a vibrant nightlife, including hookah lounges and cocktail bars.