New York City Luxury Rental Blog

In a city that seems to be teeming with singles, there is some contradiction in the fact that it is often hard to find accommodation in New York City that’s specifically catered to unmarried folk, or even couples. These New Yorkers aren’t looking for a towering penthouse or a sprawling three-bedroom residence—they’re just looking for a compact, cozy space in the city that they can call home. However, such apartments are often hard to find, which is why 101 West 15th Street’s arrival in the rental market is probably going to be seen as a godsend by many of the city’s singles and couples.

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.

Tenants of rent-regulated apartments in New York City will soon have to write out larger checks to their landlords—the Rent Guidelines Board recently approved an increase of at least 4 percent in the rents of the million or so people who currently live in rent-regulated apartments across the city. Starting October 1st, one-year leases for rent-regulated apartments will see a rent increase of 4 percent, while two-year leases will see a rent increase of 7.75 percent.

If you have been looking for a rental in New York City, it’s safe to assume that the recent upward spiral of temperatures in the city hasn’t exactly been conducive to your apartment hunt here. After all, who wants to walk around in this weather checking out apartments! But wouldn’t it be great to have someone tell you, in the comfort of your own home, about ALL of the great new luxury rentals that are now available in the city?

Ten years ago, Mayor Mike Bloomberg passed a measure that banned smoking in bars and restaurants throughout New York City. It was a move that was heavily criticized at that point of time, with many saying that it would hurt the city’s hospitality industry. But Bloomberg didn’t flinch, and the naysayers were left grumbling as he went on to expand the ban in 2011, which put an end to smokers lighting up in the city’s parks as well. Now, a real estate company seems to have taken a page out of Bloomberg’s grand book of ideas, and has moved to ban smoking from all of its rental apartments across the country.