For many of us, it’s hard to pass up an opportunity to live in Manhattan especially when you find an amazing deal. These are what we at RentHop like to refer to internally as gems. Thanks to years of accumulated rental data, we have some of the most affordable and quality rental listings the Big Apple has to offer. Our inventory of listings has grown exponentially over the years, and each month we’ll go over some of our favorite deals for rental listings.
The phenomenon of low supply/inventory of available listings continues into the month of December though demand has started to wane due to seasonality and the introduction 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. Today we’ll focus on some of our favorite deals in Manhattan for this coming December!
1. 283 East 7th Street Unit 1C
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Neighborhood: East Village
Price: $1,900
Size: Studio, 1 Bath
Percentage Below Median: 27.62%
You will want to schedule a visit for this unit asap. This amazing studio unit is located right by Tompkins Square Park and St. Mark’s Place! The unit has a semi-private yard and features an open kitchen, sleeping loft, and newly renovated bathroom. Residents in this neighborhood are just minutes walk away from Tompkins Square Bagels! Enjoy a fresh bagel every morning on your way to work or school.
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2. 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%
Low on cash? This apartment unit requires no deposit to move in. This first floor apartment is located right next to Columbia University Hospital and also across the street from Grand Theater. Short term rentals are also welcome making this an ideal apartment for an intern or someone who is looking to stay in New York for only a few months.
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3. 63 Wall Street Unit 188K
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Neighborhood: Financial District
Price: $2,750
Size: Studio, 1 Bath
Percentage Below Median: 4.35%
Next up, don’t miss out on this large studio located at 63 Wall Street, a gorgeous luxury high rise. Tenants will get to enjoy amazing amenities such as high speed internet, laundry in the building, fitness center, and shared roof deck. The building is located just a few blocks away from Stone Street – a perfect hangout spot for you and your friends after work!
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4. 40 River Road Unit 10J
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Neighborhood: Roosevelt Island
Price: $3,545
Size: 2 Beds, 2 Baths
Percentage Below Median: 2.88%
People often forget about Roosevelt Island when searching for their new home. Don’t miss out on this great home – just $3,545 for 1100 square feet of living space with two true bedrooms. A great steal for Manhattan. The unit also has a private balcony and a walk-in closet – two things that New Yorkers strongly desire.
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5. 200 West 60th Street Unit 21H
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Neighborhood: Upper West Side
Price: $6,000
Size: 2 Beds, 2 Baths
Percentage Below Median: 4.38%
Last on our list is this true two bedroom two bathroom apartment listing in Upper West Side. Tenants will enjoy their own balcony along with a walk-in closet and three other closets (plenty of storage space!). The building also has a private, outdoor garden, and rooftop deck with unobstructed, 360-degree views. Not to mention, many other great amenities for residents to enjoy and take advantage of.
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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.
