Manhattan and “expensive” are practically synonyms, where the median price for an apartment in the borough is $4,500. Those who wish to rent in popular neighborhoods must prove ready to dig into their pockets. 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 Summer comes to a close, renters have more opportunities to score lower-priced apartments. Post-peak rental season, those who are still looking for units can find below-average rental prices that include exposed brick, laundry rooms, and plenty of space.
Best Manhattan Listings in September 2023
1. 136 East 28th Street #5RE
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Neighborhood: Kips Bay
Price: $2,495
Size: 1 Bed, 1 Bath
Percentage Below: 34.26%
Renters looking for a Midtown living opportunity can secure this bright and welcoming one-bedroom apartment. The unit opens into the open-concept kitchen and living area, with white appliances and a decorative exposed brick fireplace. The bedroom includes over 132 square feet of space, two windows, and another panel of exposed brick. Renters can select this unit for a short-term rental if desired. This building sits a three-minute walk to the 6 subway station.
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2. 953 Amsterdam Avenue #4D
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Neighborhood: Upper West Side
Price: $2,495
Size: 1 Bed, 1 Bath
Percentage Below: 43.93%
One-bedroom apartment seekers can tour this unit on the Upper West Side. The apartment includes hardwood floors, white kitchen appliances, and a dishwasher. The bedroom has a spacious closet, and the bathroom features white tile and finishes. Renters can access a laundromat across the street and will live a one-minute walk from the 1 train.
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3. 524 West 50th Street #3A Front
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Neighborhood: Hell’s Kitchen
Price: $2,450
Size: Studio, 1 Bath
Percentage Below: 30.99%
Renters can score a below-market rate on this Hell’s Kitchen studio. The apartment features enough space to comfortably fit bedroom and living room furniture. This apartment offers a reduced broker’s fee, and tenants can rent it for an eight to twelve-month lease. In the unit, renters will have a large closet, and they can access laundry facilities in the building. Tenants will live in one of the borough’s more popular neighborhoods and be a ten-minute walk to the A, C, and E trains at the Times Square station.
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4. 2159 5th Avenue #2C
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Neighborhood: East Harlem
Price: $2,500
Size: 2 Bed, 1 Bath
Percentage Below: 28.47%
Those looking for a two-bedroom will enjoy this uptown unit with plenty of space. The pet-friendly unit includes a generously sized living room and includes natural light. Each bedroom offers comparable sizes, making this an ideal option for roommates looking to split the bill evenly. The building includes a laundry room and resides six minutes from the 2 and 3 lines.
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5. 1590 York Avenue #4
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Neighborhood: Upper East Side
Price: $1,800
Size: Room, Shared Bath
Percentage Below: 32.08%
Renters who do not mind sharing an apartment with a roommate can rent this private room in an Upper East Side unit. The room includes two windows, a mirrored closet, and an existing air conditioning unit. The tenant can use the living room and kitchen with existing furniture. Renters will not have to pay a broker’s fee and will live on the fourth floor of a walk-up building seven minutes to the Q 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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