Finding a stellar apartment in New York City is no easy task. Ask anyone who signed a lease this year, and they’ll attest to the difficult renting process. Renting gets even more difficult in Manhattan, where the competitive market drives up rental prices. Luckily, there are some Manhattan listings under $4,500 for rent by owner this month.
Landlords may still offer concessions at pre-pandemic rates (on average, one month free), but some buildings do not offer any. As we quickly approach the summer season, the number of renters who are looking to move into the city for internships, school, work, etc, is increasing. However, a continued lack of listing inventory has led to an increase in rental prices. Today, we’ll focus on some of our favorite listings directly from landlords and current tenants looking to break their leases in Manhattan!
Manhattan Listings for Rent by Owner
1. 237 East 54th Street
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Neighborhood: Midtown East
Price: $2,200
Size: Studio, 1 Bath
Percentage Below Median: 1.12%
First, check out this bright and sunny studio unit located on East 54th Street that’s for rent by owner. Features we love include the deep closets that the unit has. Plus, the building has newly renovated hallways, and there’s a maintenance crew around to keep it immaculate. For extra security there are security cameras outside and inside the entry hallway and the front door has a double door vestibule.
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2. 11 Jones Street
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Neighborhood: West Village
Price: $4,500
Size: 1 Bed, 1 Bath
Percentage Above Median: 38.46%
Next up, this unit may seem pricey from the get-go, but what you’re getting is really worth it. This fully furnished apartment was designed and decorated by @solasstudio.co and the pictures of the unit are simply amazing. A three-month stay is required, but all you’ll need is your toiletries and clothes!
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3. 620 West 143rd Street Unit 7G
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Neighborhood: Hamilton Heights
Price: $2,300
Size: Studio, 1 Bath
Percentage Above Median: 29.58%
The current tenant is subletting this next unit from June 1st till August 31st, 2022. The unit features bright and airy rooms and is located in a building with rooftop access, elevators, an in-building gym, and 24/7 security in the front lobby. The current tenant is open to leaving some furniture for the next tenant, so email them for partially furnished options!
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4. 410 West 53rd Street
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Neighborhood: Hell’s Kitchen
Price: $3,500
Size: Studio, 1 Bath
Percentage Above Median: 29.63%
The next unit on our list is also ready for sublet. Starting from June 15th, this newly renovated alcove studio will be available for 6+ months. The unit faces south into a courtyard with plenty of trees and sunlight. Dogs are accepted by the landlord, and the unit can be furnished or not.
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5. 752 West End Avenue Unit 15K
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Neighborhood: Upper West Side
Price: $3,395
Size: Studio, 1 Bath
Percentage Below Median: 7.62%
Last but not least, we have another apartment ready for sublet! The current lease terms will be available until 4/30/2023, when you will then have a chance to resign with the landlord. The unit has plenty of closet space, gorgeous hardwood flooring, and better yet, there’s laundry on every floor for tenants in this building.
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Methodology
Released on a monthly basis, the RentHop Best Deal series aims to provide renters with useful market insights and a chance to identify rental gems currently available on the market. These listings are hand-selected by the team at RentHop based on a few factors, including layout, apartment size, features, and more importantly, price — such listings will be on average 10% – 30% below the median asking price of other similar-sized listings in the same neighborhood.
Note that, given the fast-paced nature of the rental market in New York, certain listings may receive applications and be taken off the market within days. If you are interested in scheduling a showing or have further questions, please make sure to submit an inquiry via the inquiry submission form located on the listing page.
Not sure how much rent you can afford? Check out our Rent Calculator now to jumpstart your apartment search.
Editor’s Note: We updated this article to enhance readability.
