Apartment rentals New York with No Fee Apartments

In the bustling metropolis of New York City, finding the perfect luxury rental can be both exhilarating and challenging. As you embark on this journey, one key factor to consider is whether you're dealing with a fee or a no-fee rental building. Let's delve into the nuances of each and guide you towards making the best decision for your next upscale residence.

Well, don’t say we didn’t warn you: the latest rental market report from Elliman says that rents in Manhattan and Brooklyn have been steadily rising since the beginning of 2013. Increases in rental prices have been seen across all apartment sizes in the city, with the average rents in Manhattan and Brooklyn coming up to $3,930 and $2,971, respectively, in March.

We talk about the renter's market here at the Luxury Rentals Manhattan blog the way that older men in bars talk about their high school football days, but we do so for a reason -- those were good times to be in the market for Manhattan rental apartments. Not only were rents down -- or, at the very least, flat -- but concessions abounded from the bottom of the market to the top. As the renter's market has receded during the NYC rental market's return to form, those concessions have become harder nad harder to find. They're still out there, of course -- there are plenty of no-fee rental listings in Manhattan and, oddly enough, concessions are still available to find at new construction luxury rentals such as The Ohm and 808 Columbus Avenue -- but concessions have been harder and harder to come by in recent months, despite widespread hopes that there would be a concession bounce-back in the fall. Just-released fourth-quarter statistics make it plain -- the last few months have seen the number of concessions fall by more than half from where they were in January of 2010 and are roughly a third of what they were at the end of 2009. Good news for landlords, in short, but less so for those hunting for Manhattan rental apartments. Combine this with a bump in rents and a low vacancy rate, and it's hard to find a silver lining in all this. Luckily, it's out there.

As a general rule, a luxury rental apartment in Manhattan is something of a prize. Some Manhattan rental apartments are more prized than others, and more prized by some NYC dwellers more than by others -- no fee NYC rental apartments are both rare and money-saving, which gives them some obvious value; the appeal of green rental apartment listings is no less obvious. But with New York City sweating out what is turning out to be one of the hottest summers on record, a new type of Manhattan rental listing has surged to the top of the list of most desirable NYC rental properties. In the New York Times, Sam Dolnick describes the appeal of the ultilities-included rental apartment, in which the absence of apartment-specific electricity monitoring enables round-the-clock air conditioning blastage. So, is the utilities-included rental apartment the new holy grail of Manhattan rental listings? Or is it just an especially inefficient way for some NYC dwellers to create a huge, 66-degree carbon footprint for themselves? Who says it can't be both?

Prices on Manhattan rental apartments are down, which is good news for -- obviousness alert -- people looking for Manhattan rental apartments. But like all good news in NYC real estate, there's a catch, here. While it's easier to find a Manhattan rental listing at the price you want, it's getting harder to find a Manhattan rental listing period. Even during the summer, which is traditionally the prime time to find a Manhattan rental apartment, NYC apartment inventory is low and the market is, while still comparatively cheap, also surprisingly tight. The Apple Peeled takes a look at this curious and seemingly contradictory real estate trend and tries to make some sense of it.