manhattan and “expensive” are practically synonyms, where the median price for a one-bedroom unit in the borough is $4,099. Those who wish to rent in popular neighborhoods must prove ready to dig into their pockets, even during the cooling winter months with less frequent rental activity. 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.
As Spring begins, renters must prepare to see prices increase from now through the busy Summer season. 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 stainless steel appliances, elevators, and proximity to public transportation.
1. 22 St Nicholas Place #41
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Neighborhood: West Harlem
Price: $2,500
Size: 3 Bed, 1 Bath
Percentage Below: 28.47%
This newly renovated one-bedroom in Harlem features modern finishes and makes an ideal option for roommates or a small family. The apartment directly opens into the kitchen and living area, complete with stainless steel appliances and plenty of windows. Each bedroom provides space for a set of roommates, or renters could use the smallest bedroom as a home office. Renters will live on the fourth floor of a walk-up building and pay a reduced fee for this unit. The pet-friendly building sits within a four-minute walk of the A and C trains.
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2. 228 East 36th Street #3D
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Neighborhood: Murray Hill
Price: $2,600
Size: 1 Bed, 1 Bath
Percentage Below: 34.92%
Those looking to live in the Midtown area can tour this generously sized one-bedroom in Murray Hill. The apartment kitchen does not include much counter space, but renters could utilize a mobile island if they like cooking at home. Past the living space, the bedroom features two closets and two large windows that welcome natural light. The pre-war unit is also cat-friendly. This building resides within an eight-minute walk of the 4, 5, 6, and 7 subway lines.
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3. 1672 Park Avenue #4D
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Neighborhood: East Harlem
Price: $2,300
Size: Studio, 1 Bath
Percentage Below: 4.07%
This East Harlem studio can flex into a one-bedroom or remain as a large living space, complete with exposed brick and hardwood floors. The unit opens into the kitchen area that can also accommodate additional shelving or a dining table, then progresses further back into space for a bed. Renters can rent this unit immediately and will live on the third floor of a building that has a live-in super. This building resides across the street from a parking garage and a three-minute walk from the 6 train.
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4. 348 East 87th Street #4B
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Neighborhood: Upper East Side
Price: $2,350
Size: Studio, 1 Bath
Percentage Below: 9.44%
This Upper East Side studio offers pre-war charm and plenty of space. The expansive brick wall follows the entirety of one side of the unit, complete with a fireplace. Light beams in through the two windows at the end of the apartment and shines across hardwood floors. Renters could separate the space into a living and sleeping area due to the long shape and layout of the apartment. Renters will live in a cat-friendly building that has laundry in the basement. This unit resides three minutes from the Q train.
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5. 225 West 105th Street #5RW
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Neighborhood: Upper West Side
Price: $2,599
Size: 1 Bed, 1 Bath
Percentage Below: 39.94%
Upper West Side renters should consider this competitively-priced one-bedroom apartment. The unit features a modern and open kitchen with dark cabinetry and stainless steel appliances that connects to the generously sized living room. Past the living area rests the bedroom, complete with a closet. This apartment rests on the fourth floor of a walk-up building that is also pet friendly. Renters will pay a reduced fee to secure this unit and then live within a three-minute walk of the 1 train.
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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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