5 Amazing Neighborhoods to Rent Luxury Apartments in NYC

New York City is certainly home to neighborhoods of all economic classes. However, the city is also renowned for its abundance of luxury neighborhoods. From Manhattan to Brooklyn, the city is not short of highly-priced comfortable accommodation for those who can afford it.

To narrow the choices down for you, we created this list of 5 excellent neighborhoods for luxury rentals in NYC, outlining their features, brief history, and average prices.

Hudson Yards

Hudson Yards is a large neighborhood in Midtown Manhattan between the 30th and 43rd streets. It is home to several ambitious private real estate development projects that include Manhattan West, 3 Hudson Boulevard, and The Spiral. Still, its crown jewel is a new 28-acre ultra-luxury eponymous development, which is reputed as the largest development ever undertaken by private developers in the United States. 

One of the neighborhood’s most prominent features is The High Line, an elevated park that runs by the southern and western areas and then extends to the Meatpacking District. It is integrated with the new Hudson yards development buildings.

Average rent prices

The average apartment rental prices in Hudson Yards is $2,917 for a studio, $4,343 for one-bedroom, $6,182 for two bedrooms, and $10,119 for three-bedroom apartments.

Safety

The NYPD’s 10th precinct efficiently polices Hudson Yards, and the crime rate in the area has dropped significantly over the last 20 years. And for fire emergencies, the FDNY’s Engine Co. 34/Ladder Co. 21 is on hand. However, the new Hudson Yards development has no fire stations yet. Hopefully, one will be built before completion.

Tribeca

Tribeca, the neighborhood of lofts, lies in lower Manhattan. It features many former industrial buildings that have been converted into luxury lofts suitable for young, upwardly mobile executives. These buildings helped attract a lot of celebrities and other high-net-worth individuals, earning Tribeca the coveted title of New York’s wealthiest neighborhood.

Its most notable buildings are the Textile Building, Powell Building, and the former New York Mercantile Exchange. This neighborhood is also home to the worldwide known Tribeca Film Festival.

Average rent prices

The average apartment rental price in Tribeca is $5,607. Studio apartments average around $3,475. One-bedroom apartment rental costs can average about $3,999, and the two-bedroom apartments can go for about $5,300.

Safety

Tribeca is patrolled by the 1st Precinct of the NYPD and served by the Engine Co. 7/Ladder Co. 1/Battalion 1 and Ladder Co. 8 stations. Tribeca has lower violent crimes and incarceration rates than the rest of the city.

Dumbo

Dumbo (abbreviation for Down Under The Manhattan Bridge Overpass) is a luxury neighborhood in Manhattan. The area used to be known as Gairville but was named Dumbo by its residents, who were fearful of real estate developers and eventual gentrification in the 1970s.

That didn’t stop David Walentas from buying the place in the 20th century and remodeling it into an upscale residential and commercial hub. It has become a center for tech startups and is now referred to as “the center of Brooklyn tech triangle.”

Tech entrepreneurs and employees are notably young and liberal, and they have helped shape Dumbo’s feel. The neighborhood offers great restaurants and stores and a fantastic view of Lower Manhattan’s skyline. All in an atmosphere of freedom, fun, and safety. 

Average rent prices

The average apartment rental prices in Dumbo are $2,843 for a studio, $4,349 for one-bedroom, $5,456 for two bedrooms, and $6,343 for a three-bedroom apartment.

Safety

Dumbo is a generally safe neighborhood. It witnesses felonies at the rate of 30 per 1,000 residents. Its current murder rate is zero. Seventy burglaries occur per 100,000 residents, compared to the national average of 500 burglaries.

SoHo

SoHo (The name is an abbreviation of “South of Houston Street”) is an upscale neighborhood in Lower Manhattan. It is bound by Houston Street on the north and Canal Street on the south, while its eastern and western boundaries are disputed. 

SoHo is famous for its community of artists and many high-end art galleries. It’s second most outstanding feature is cast-iron buildings, which attract tourists from all over the world. To satisfy the needs of even the most demanding visitors and locals, the neighborhood has spawned many upscale restaurants and stores, leaving shoppers and residents spoilt for choice.

Average rent prices

The average apartment rental prices in SoHo are $2,395 for a studio, $3,281 for one-bedroom, and $3,911 for two bedrooms.

Safety

It is policed by the NYPD’s first precinct and served by two FDNY fire stations. The Engine Co. 24/Ladder Co. 5/Battalion 2 Station is located at 227, 6th Avenue. The Ladder Co. 20/Division 1 Station is located at 253, Lafayette Street. Its crime rate is relatively low at 10 non-fatal assaults per 100,000 persons.

Cobble Hill

Cobble Hill is a small, upscale neighborhood in northwestern Brooklyn renowned for its row houses and general laid-back atmosphere. It is home to a number of bars, restaurants, and parks where you can revel in the French and Italian cultures of its long-time residents.

The area accommodates New York City’s finest nineteenth-century houses, and the Cobble Hill Historic District boasts 796 historical buildings, constructed between the 1830s and the 1920s.

It has been home to many notable residents over its long history, including Lady Randolph Churchill, Thomas Wolfe, and Spike Lee. Some experts admit that Cobble Hill is the most expensive place to rent luxury apartments in New York City. 

Average rent prices

The average apartment rental prices in Cobble Hill are $2,300 for a studio, $3,268 for one-bedroom, and $4,460 for two bedrooms.

Safety

It is policed by the NYPD’s 76th Precinct and served by the FDNY’s Engine Company 206 and Ladder Company 108, located in Carroll Gardens. It is a pretty safe neighborhood with approximately 18 felonies per 1000 persons.

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New York, NY