Apartment rentals New York with Affordable Rental Apartments

Mayoral candidate Bill de Blasio received a shoutout on Monday from the Bloomberg Administration’s chief of city planning, the Daily News reports. De Blasio supports a plan that would require all new development to have affordable units, which was a topic of converasation.

Apartment hunters in New York City let out a collective groan earlier this month when a new survey on the city’s rental market declared that the average rent of an apartment in the city has reached a whopping $3,017 per month—that’s three times the average rent of an apartment in America. Once again, it is the city’s low vacancy rates that are being blamed for this meteoric rent rise, with landlords taking advantage of the high demand to shoot up the asking prices of their apartments.

But all is not lost—at least not yet. As hard as it may be to believe, there are still apartments on the market that are asking for rents less than the current average in the market. We went through our extensive database to find out apartments that have asking rents of less than $3,000 a month, and we have listed below some of our favorites (read as: the least expensive picks) from that select collection of available apartments.

In the long standing battle between landlords and tenants in New York City, the latter group of New Yorkers seem to have now found an unlikely new set of allies—the city’s mayoral candidates! In a recent public hearing conducted by the Rent Guidelines Board in Manhattan, three of the Democratic candidates for mayor, City Council Speaker Christine Quinn, Public Advocate Bill de Blasio and City Comptroller John Liu, said that they were against a proposed increase in the rents for rent-stabilized apartments in the city.

For most of us in New York City, the start of every month sees us either writing a check or withdrawing cash from the nearest ATM to pay our apartment rent. While this is a routine we have all got accustomed to, wouldn’t it be great if we could pay our rent using our credit cards instead? Think of the benefits involved—besides the relative ease and comfort in paying with plastic, we would also be able to rake up a whole lot of credit card reward points!

So, here’s the deal: yes, Manhattan is known for having high rents, but if you’ve set your mind on living in only this borough of New York City, now is a good time to score some great deals on apartments here. A report in The Wall Street Journal says that rents in Manhattan declined again last month, thereby making January the fifth consecutive month to see a drop in average rents.