Why so expensive?
The answer comes down to demand. If there is one city in the world that people most desire to find a great place to live its New York City. New York apartments for rent are some of the most sought after around and also some of the most expensive in the world. To people who are not familiar with the New York area, and are just starting their quest to move there, sticker shock is often encountered right away. Even the “best deals” on living spaces are quite expensive to those who are new to this market.
There are a number of areas throughout New York City that offer studio apartments for just over one thousand dollars, which is considered a bargain! If you need a bit more space, and extra bedrooms, such as three bedroom New York apartments for rent in a modest section of Manhattan, be prepared to pay anywhere from three thousand to five thousand dollars each month.
Even though New York City offers jobs that pay higher than other areas of the country people who are not familiar with the city do not realize just how pricey it is to reside there. If you are hoping to find a space for less than one thousand dollars a month, you should move your search elsewhere as you will most likely not find one.
Are there any cheaper options?
Some of the most reasonably priced New York apartments for rent are located on the Upper East Side and are studios that are priced at about one thousand seven hundred and fifty dollars. If you find one of these units that meets your criteria, you should jump at the chance to move in. If you hesitate, someone else will most definitely snap this apartment up immediately.
You may note that there are not many other cities in the United States that price their apartments in the same was as New York City. If this does not shock shopper looking to move to the city for the first time, the fact that the competition for New York apartments for rent is extremely tough and high. There is little time to file the proper paperwork and arrange a lease before someone else jumps at the same opportunity and you lose your unit.
Those who are considering a move, be it for a career change or just a change of pace, need to become familiar with the process as well as few simple tips to help with apartment shopping. You will need to be prepared, have plenty of documentation, proof of salary and a bank account with at least forty times the amount of the rent for one month.
Narrowing down New York apartments for rent in a particular neighborhood is also extremely important. Do you want an upscale multi-bedroom unit in a posh section of town? Do you need a family friendly setting? Are public schools important in your decision? All of these factors will play a major role in making your decision. Of all five boroughs located in the city, the three that offer the best chance for finding an affordable rent (compared to other areas of New York City) can be found in the Bronx, Brooklyn, and Queens.
Regardless of which borough you choose to reside in, or the size of New York apartments for rent you are considering, you must remember that you will most likely have to settle for a smaller apartment than you may be used to living in now, or that you expected to live in. Even apartments that are considered to be “luxury” units are smaller by comparison than others of the same caliber in other cities.
You should also keep in mind that high prices aside, you must not forget about the competition for units. Even though New York is a large city with plenty of options for just about everything, New York apartments for rent are hard to come by and when they do they are not left on the market for long. If you find a suitable place that you can afford, act upon it immediately. You must not hesitate as there is a very good chance it will no longer be available when you decide you would like to pursue it later on.
For more information on rents that are currently available, please contact us. Here you will find up to date listings, along with professional brokerage assistance to help you with the entire process. You can quickly narrow down the available options so that you can focus your search in the most efficient way possible. By shopping for New York apartments for rent in this manner you can weed out just the best matches so that you can move in quickly and begin your new and exciting life in the city that never sleeps.