The start of the year did not rejuvenate the New York City rental market. The phenomenon of low supply/inventory of available listings continues into the month of January, though demand has started to wane due to seasonality and the surge of the new Omicron Coronavirus variant. As a result, rental concessions being offered by landlords are remaining steady at pre-pandemic rates (on average, one month free), with some buildings not even offering any. Thankfully, RentHop is still getting a great inventory of gems. There are numerous Upper Manhattan deals under $4,1250 in January for renters to consider.
Upper Manhattan Deals in January
1. 105 East 122nd Street Unit 5W
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Neighborhood: East Harlem
Price: $2,300
Size: 2 Beds, 1 Bath
Percentage Below Median: 11.54%
First up, we have a bright and sunny two bedroom apartment in East Harlem. This is a great Upper Manhattan deal for sharing, as the two bedrooms are located on opposite ends. There are lots of windows as this apartment is a corner unit with beautiful exposed brick. Residents will have access to many different playgrounds and parks such as the Dr. Ronald E. McNair Playground and Marcus Garvey Park.
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2. 321 West 138th Street Unit 3
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Neighborhood: Central Harlem
Price: $2,200
Size: 2 Beds, 1 Bath
Percentage Below Median: 15.38%
Next up, check out this gorgeous two-bedroom apartment located in a beautiful brownstone right off of Strivers Row. The unit features high lofty ceilings and comes with a washer/dryer in the unit! There is a live-in super, and the building is very well maintained. There are plenty of great restaurants around the area, such as The Edge Harlem.
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3. 617 West 143rd Street Unit 3C
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Neighborhood: Hamilton Heights
Price: $3,200
Size: 3 Beds, 2 Baths
Percentage Below Median: 14.67%
Next, a spacious three bedroom home located close to Riverside Park and the dog park. There is an elevator and laundry machines in the building for tenants’ convenient usage. Future tenants can look forward to being located close by to Sofrito and Mamasushi, amazing restaurants loved by local residents.
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4. 700 West 175th Street Unit 3D
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Neighborhood: Washington Heights
Price: $2,399
Size: 2 Beds, 1 Bath
Percentage Below Median: 9.47%
Don’t miss out on this huge two bedroom apartment located next to the Columbia University Hospital and across the street from the Grand Theater. The landlord is open to short-term rentals and there is no deposit needed to move in!
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5. 2071 Adam Clayton Powell Jr Boulevard Unit 1
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Neighborhood: Central Harlem
Price: $4,150
Size: 4 Beds, 2 Baths
Percentage Below Median: 11.70%
Lastly, check out this 4 bedroom apartment with a designer kitchen, wine fridge, washer/dryer in unit, exposed brick walls and more unique features. The unit is located close to several public transportation stops – including both subway lines and bus stops.
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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 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.
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.
