Apartment rentals New York with Apartment Renters

YOY Rental Prices Continue to Increase

According to the latest Elliman report, compared to last month in June, prices seem to be decreasing. Don’t get too excited just yet though, because although there was a slight decrease between these past two months, July’s overall rents are the highest they have been in the past six consecutive Julys.

4 Tips for Finding a Rental in New York City

Low inventory rates and high demand are the current reality of New York City's apartment rental market. The Big Apple is one of the world's most competitive places in which to find housing, but finding your dream rental is not impossible. The following are four tips to help you maximize your rental experience.

New York City Rent Prices Rise While Vacancy Rates Fall

Courtesy of: Anthony Quintano/ Flickr

Apparently, warmer weather coupled with high consumer demand this past June contributed to higher rental prices in New York City. The latest Elliman report shows that the median rental price for Manhattan rose to $3,300 - a 3.3% increase from the same month last year and the highest it has been in more than 5 years. The June vacancy level fell to 1.64% from last period's 1.83%, and is the lowest June level in the 5 years the metric has been tracked.

Rent Stabilization Association Fights Rent Freeze

rent stabilization association

President of the Rent Stabilization Association: Joseph Strasburg 

The Rent Guidelines Board (RGB) will be making a highly debated decision next week in regards to a percentile increase of rent stabilized apartments. Although this vote takes place every year, this year’s decision has been exceptionally publicized due to a potential rent freeze. Bill de Blasio, the first mayor to ever run on the platform of a rent freeze, may come through on his promise—considering that over half the board has been given a seat via his appointment. Although the board favors implementation of the first rent freeze in NYC history, the Rent Stabilization Association (RSA) has other ideas.

De Blasio Appoints New Rent Guidelines Board Members

Bill de Blasio Renters Guideline Board

Mayor de Blasio has so far stayed in consistency with his plan to create more affordable housing here in NYC. One method of making NYC a more affordable city would be pursuing a renters’ freeze of regulated rents. The Rent Guidelines Board, which is comprised of nine people, had five seats on this board that were recently up for re-appointment or new appointments in March. De Blasio had finally filled these five of the nine seats. The other four seats left for re/new-appointment will be filled in December 2014.

De Blasio Appoints New Guidelines Board: Will NYC's Next Freeze Be Rent?

New York City renters are hoping that Mayor de Blasio will follow through with his campaign promise of a renting freeze. The NYC Mayor will be appointing the nine members that make up the Rent Guidelines Board (RGB). This board decides how much regulated rents will increase per year.

Top 5 Mistakes 20-Somethings Make When Renting in NYC

Twenty-somethings have all the responsibilities of adulthood, but more often than not, they lack apartment hunting experience. Renting in New York City can even prove challenging for the most learned rental veteran, so for someone fresh into the market, it can easily overwhelm. It doesn't have to, though. We're here to help learn from mistakes of renters past. From budgeting to neighborhood research to lease comprehension, these are the top 5 mistakes 20-somethings make when renting in New York City.

Seventy Years of Rent Control in NYC

Rent Control Limits in NYC

People will do crazy things to get their hands on a rent controlled apartment, from pretending to be someone’s relative to pretending their dead relative that owned the home is in fact, still alive and kicking. A book by Robert Fogelson entitled The Great Rent Wars: New York 1917-1929, explains the tumultuous story of the many attempts to fix a terrible housing situation before rent control. Enacted 70 years ago, the story of rent regulations started with a government that could care less about the issues happening with housing.