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Yes, There (Still) Are NYC Apartments Renting for Less than $3000/Month

Yes, There (Still) Are NYC Apartments Renting for Less than $3000/Month

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.

Footing the Bill is No Walk in the Park

Luxury Rentals Manhattan - Flushing Meadows-Corona Park

Flushing Meadows-Corona Park is once again the subject of controversy after MLS stadium proposals have kept the park in the headlines for the better part of a year. Though, the discussion isn’t centered on prospective tenants this time, but rather its current ones – primarily, Citi Field and the Mets. Queens’ flagship park is failing to meet cleanliness standards of other similar sized parks, and maintenance is underfunded despite playing host to the New York Mets and the U.S. Open. Councilwoman Julissa Ferreras cites Citi Field’s incredibly low yearly lease of $155,000.

Building Amenities Pack a Punch at 45-45 Center Boulevard

45-45 Center Boulevard, Long Island City

There are building amenities—and then there are luxury building amenities.

Falling into the latter category are the services being provided at 45-45 Center Boulevard in Long Island City, whose list of amenities contains a lot more than the usual doorman and concierge service. Perhaps the most interesting of these features is the 5000 square-foot outdoor space, which contains, among other things, a real sand beach volleyball court. That’s right—if you live at 45-45 Center Boulevard, you will no longer need to go to the beach for some fun games in the sun.

Only 40 Apartments Remaining at 27 on 27th in Long Island City

Apartments available for rent at 27 on 27th in Long Island City

While there’s already been a lot of talk about 27 on 27th, it seems that New York City’s real estate enthusiasts can’t get enough of this new luxury development in Long Island City. This gleaming tower in Court Square had made quite a splash when it entered the market in January, and it seems to be continuing on its winning streak—reports now claim that 102 of the building’s 142 units have already been rented.

The Reinvention of Long Island City

Long island City Skyline View

If you were to ask someone about their thoughts on Long Island City in the late 80’s and 90’s, a good chance is that their response would’ve mentioned the neighborhood’s high concentration of factories, warehouses and its various forms of transportation such as the Queensboro Bridge, which facilitated industrial and economic growth. Since then, Long Island City has received a “facelift.” Art galleries, commercial businesses and high-end real estate are now making Long Island City their new stomping grounds. LIC is a conglomerate of the youthful, cool and hip spirit of Williamsburg intertwined with the sophistication of Manhattan.

Hurry to Chelsea for Good Deals on Two-Bedroom Apartments

Good deals on two-bedroom rental apartments in Chelsea

Chelsea is one New York City neighborhood that has a lot going for it currently, and if the latest rental market report released by MNS is to be believed, now is a good time to consider renting in this very vibrant locality. According to the report, two-bedroom apartments in Chelsea have had the greatest declines in rent as compared to the previous month, making Chelsea an extremely attractive neighborhood for both individuals and families looking for a place to live in Manhattan.

27 on 27th in Long Island City Sees Rise in Popularity

27 on 27th in Long Island City sees rise in popularity

The recent flurry of New Yorkers moving into 27 on 27th, the new luxury rental building located at 42-17 27th Street in Long Island City is yet another indication of how popular this neighborhood has become. While it may have once been an industrial community in New York, Long Island City today is fast becoming known as a residential neighborhood of repute, with its residents loving the great apartments they have, and the beautiful Manhattan views they get to enjoy from their homes.

Relocation Therapy: Top 5 Rental Buildings in New York City

Top 5 Rentals in New York City Today

A recent article in The New York Times talked about how New Yorkers dealing with critical situations in their lives have turned to a new kind of therapy to help them deal with it: relocation therapy. As it turns out, moving into a new home has had positive effects on people facing all kinds of tough scenarios. You could be wanting to get away from a messy divorce, or maybe you could be wanting a simple change of place—regardless of the reason, a new address could be just what you need to start your life anew. So if you think you need some relocation therapy in your life, here are five of our top picks on where to get a fabulous new home:

Hike in Demand For Long Island City Residences

Hike in Demand for Homes in Long Island City

Although it is one of New York City’s “newer” residential neighborhoods, the real estate scene in Long Island City has been on an upswing for quite some time now. The neighborhood’s luxury housing market in particular has been doing extremely well, with many New Yorkers dismayed by the high rents of apartments in Manhattan looking to Long Island City for more affordable alternatives. However, this increased demand has led to hikes in the rents here as well, with a recent market report saying that Long Island City rentals have seen a $50 monthly rise from their values last year.

Manhattan Rents Dip, But Only a Little

Rents in Manhattan have been soaring over the past few months, with several rental records being broken and New York City’s real estate sector enjoying a flurry of activity. But the most recent market report released by Citi Habitats suggests that the surge in rents is finally taking a breather, with average rents stabilizing in September as compared to August. In some neighborhoods the rents have actually dipped slightly too. However, there’s a catch—while the rents have plateaued, they're still holding strong at their extremely high rates. Additionally, landlord concessions for rental apartments such as a month without rent or no brokerage fees are now more rare than they've ever been, indicating that Manhattan renters don't need extra incentives to sign a lease.