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 that you can start applying for in May in Manhattan!
1. 80 East 7th Street Unit 6C
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Neighborhood: East Village
Price: $4,500
Size: 3 Beds, 1 Bath
Percentage Below Median: 9.09%
First on our list this month is a true three bedroom modern apartment located close to NYU, Parson, and FIT. This unit can be great for a growing family, college students, or young professionals who don’t mind roommates. Every bedroom in the apartment has its own window! Out-of-State guarantors are accepted by the landlord.
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2. 520 East 81st Street Unit 4B
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Neighborhood: Upper East Side
Price: $2,750
Size: 1 Bed, 1 Bath
Percentage Below Median: 16.03%
This next listing has only been advertised on RentHop and is available for a June 1st move in. This is a true one bedroom unit located in a doorman and elevator building. Tenants will also have access to a roof deck. Laundry is located in the building. Sadly, no pets are allowed for this apartment!
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3. 529 West 147th Street Unit 5A
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Neighborhood: West Harlem
Price: $3,650
Size: 2 Beds, 2 Baths
Percentage Below Median: 7.01%
Next up, we have a southern facing unit with bright big windows. There’s a private balcony not to mention a shared backyard for those who value outdoor space. Each floor only has two units, so you’ll be sure to enjoy more privacy than your typical NYC building. Schedule a showing today!
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4. 412 East 11th Street Unit 4R
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Neighborhood: East Village
Price: $3,250
Size: 2 Beds, 1 Bath
Percentage Below Median: 9.09%
You won’t want to miss out on this next unit on our list. This full two bedroom apartment is located conveniently by NYU and is a great deal for students looking to share an apartment. Laundry is located conveniently close by and tenants will be able to enjoy a shared common courtyard!
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5. 1 West Street Unit 3305
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Neighborhood: Financial District
Price: $2,736
Size: Studio/Flex 1 Bed, 1 Bath
Percentage Below Median: 4.83%
Last but not least, check out this lease assignment available from 5/27/22 – 8/31/22. The unit is located in a great modern luxury building with plenty of great amenities to enjoy. Renters looking fo a short-term rental should apply soon!
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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.
