April’s Hidden Gems under $3k in Manhattan

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.

Rental concessions offered by landlords have remained steady at pre pandemic rates (on average one month free) with some buildings not even offering any. Despite seasonality, as pandemic rental concessions begin to end, renters who are about to be priced out are looking to move once again. This has led to an increase in both demand but also inventory of available units on the market. Today we’ll focus on some of our favorite deals in Manhattan for this coming April in Manhattan!


1. 51 Hamilton Place # Basement Unit

apartment photo of kitchen and hallway
Neighborhood: West Harlem
Price: $2,400
Size: 2 Beds, 2 Baths
Percentage Below Median: 38.85%
Schedule a self-showing for this West Harlem 2 bedroom unit. The unit features a space for an office, stainless steel appliances, live-in super, and laundry. best of yet, the unit is newly renovated! This apartment is located conveniently nearby to CUNY, the Manhattan School of Music, and the CUNY School of Medicine.

2. 401 East 13th Street

photo of living room with open kitchen the background
Neighborhood: East Village
Price: $1,450
Size: Room/Share, 1 Bath
Percentage Below Median: 6.45%
Looking for a roommate? The current tenants is looking for a roommate to move in with them and take over the extra bedroom in their 3 bedroom apartment. The room is already furnished so you’ll just need to bring your personal belongings. The lease will run from May 1st through January 31st.

3. 25 West 132nd Street Unit 9B

apartment listing photo of empty bedroom
Neighborhood: Central Harlem
Price: $2,184
Size: 1 Bed, 1 Bath
Percentage Below Median: 5.04%
Next up, check out this sublet located in Central Harlem. This unit is located right by the Abraham Lincoln Playground and Howard Bennett Playground and just blocks away from the Harlem River. The unit features appliances such as a dishwasher and microwave and laundry is located in the building. For those who drive, parking is available for a fee.

4. 49 West 11th Street Unit 29

apartment photo of empty room with window and heater
Neighborhood: Greenwich Village
Price: $1,975
Size: Studio, 1 Bath
Percentage Below Median: 20.20%
Next, we have an single-room occupancy (SRO) unit located close by to Union Square. The unit does not come with it’s own bathroom, it is shared by other tenants but the unit offers privacy that you may not otherwise be able to get within a room/share situation. The unit is located just a few blocks away from the 1 train at Christopher Street Station. The area is filled with plenty of amazing restaurants and bars such as the The Stonewall Inn.

5. 221 East 33rd Street Unit 5F

apartment photo of living room with couch, tv, dining table and kitchen in the background
Neighborhood: Kips Bay
Price: $2,995
Size: 1 Bed, 1 Bath
Percentage Below Median: 2.60%
Last but not least, check out this other sublet listing on our list for April. The unit is huge compared to most New York units and is measure at 900 square feet. The building comes with a live-in super, laundry, and also an elevator. The current tenants will be the ones doing the showing and can be ready to move out as early as April 10th.

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 โ€” 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.

Faye Chou
Faye Chou
Faye is the Managing Director of the RentHop Operations team. In her 10 years at RentHop, Faye has written numerous articles on a variety of real estate topics. If you're interested in learning more about the current state of the rental housing market or want Faye's best tips for your apartment search then check out more of her articles.

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