Manhattan and “expensive” are practically synonyms, where the median price for an apartment in the borough is $4,610. Those who wish to rent in popular neighborhoods must prove ready to dig into their pockets, especially as the rental market heats up. No matter the time of year a renter is looking for a Manhattan apartment, they must remain vigilant if they attempt to find a deal.
With Summer in full swing, prospective renters must prepare to expand their search criteria. However, there are still plenty of opportunities to score deals across the borough. The following list highlights inexpensive deals across Manhattan this month, boasting various features like laundry rooms, stainless steel appliances, and decorative details.
Best Manhattan Listings in August
1. 402 East 83rd Street #1A
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Neighborhood: Upper East Side
Price: $2,600
Size: Studio, 1 Bath
Percentage Below: 6.98%
This Upper East Side studio provides plenty of charm and a spacious room. The unit features large windows with curved detailing, space for an air conditioning unit, and a brick fireplace. The separate kitchen boasts stainless steel appliances, a dishwasher, and plenty of cabinet space. This renovated apartment resides in a pet-friendly building that includes an elevator. Renters will live five minutes away from the Q train.
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2. 533 West 49th Street #4RW
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Neighborhood: Hell’s Kitchen
Price: $2,350
Size: 1 Bed, 1 Bath
Percentage Below: 45.75%
Renters looking for easy Midtown access can rent this one-bedroom apartment in Hell’s Kitchen. The well-lit unit includes large windows in the bedroom and an open living room that can fit plenty of furniture. Renters will easily access Hell’s Kitchen’s notable restaurants, bars, and entertainment venues. They will be near the A, C, and E trains and reside in a pet-friendly building with a laundry room.
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3. 529 West 151st Street #32
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Neighborhood: Washington Heights
Price: $2,650
Size: 2 Bed, 1 Bath
Percentage Below: 18.46%
Two-bedroom apartment seekers can tour this unit in Washington Heights. The apartment features a kitchen with stainless steel appliances overlooking the spacious living room. The bedrooms reside on opposite ends of the apartment, making it an ideal option for roommates. Each bedroom also includes a closet. Renters will live a six-minute walk from the A and C trains and a seven-minute walk to the 1 train.
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4. 240 West 16th Street #B2
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Neighborhood: Chelsea
Price: $2,299
Size: Studio, Shared Bath
Percentage Below: 39.42%
Those who are eager to score a Chelsea studio can quickly inquire about this under-priced unit. The living space provides enough room for a bed and living room furniture, along with additional items and decorations. The kitchen is on the smaller size, yet tenants will have direct access to Chelsea restaurants, Chelsea Market, and other dining opportunities. This unit is three minutes from the A, C, and E trains and sits close to neighborhood favorites like The Highline.
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5. 249 East 53rd Street #1C
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Neighborhood: Midtown East
Price: $2,645
Size: 1 Bed, 1 Bath
Percentage Below: 41.87%
Midtown workers can shorten their commute by living in this one-bedroom apartment. The unit’s kitchen features white appliances, light cabinets, and counter space and connects to the spacious living room. High ceilings run throughout the unit and into the bedroom, complete with a window and closet. This renovated pre-war unit allows pets, and tenants will live three minutes from the E and M trains.
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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.
Note that, given the fast-paced nature of the rental market in New York, certain listings may receive applications and be taken off within days on market. 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.
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