Many renters who dream of living in Manhattan often face the reality of rental prices, which don’t come cheap. Every once in a while, however, prospective tenants can secure a great deal on their rent and find a unit that includes amenities, proximity to the subway, and of course, a low rental price.
As the summer season lingers, many current New York City residents and newcomers continue to look for new apartments, decreasing inventory and raising rental prices. With the average rental price for a one-bedroom in Manhattan residing at $4,275, it may seem impossible to find a low rental price. However, there are still some affordable apartments across the borough that may appeal to renters. We’re highlighting some must-see Manhattan units that don’t break the bank.
1. 31 East 30th Street #3C
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Neighborhood: NoMad
Price: $2,197
Size: Roomshare, 1 Bath
Percentage Below: 48.60%
Tenants who do not mind living with a roommate can take advantage of this deal, offering a private bedroom in a two-bedroom apartment. Renters can rent this room for a term as short as four months, and the bedroom comes fully furnished. The building does not include laundry facilities, but a laundromat is downstairs. Steps away from a bus and subway stop, this unit is ideal for students, interns, or those simply searching for a quick and easy move.
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2. 253 West 138th Street #1F
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Neighborhood: Central Harlem
Price: $1,645
Size: Studio, 1 Bath
Percentage Below: 3.24%
This beautiful studio in Strivers Row will not last long. With a low rental price, the unit also boasts a brick fireplace, high ceilings, and a Juliet balcony. This unit offers a September 15th move-in. Tenants will enjoy access to an enclosed garden and the benefits of living on a quiet, tree-lined street. The building lies two blocks away from several subway stations. Small but beautiful, this is the ideal unit for someone who does not need a lot of space but who values a serene and scenic abode.
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3. 359 West 54th Street #5FN
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Neighborhood: Hell’s Kitchen
Price: $2,765
Size: One bed, 1 Bath
Percentage Below: 17.64%
Tenants can decide whether they would like this one-bedroom unit in Hell’s Kitchen to come furnished or unfurnished. The newly renovated kitchen includes stainless steel appliances like a dishwasher, and tenants will enjoy access to the in-unit washer and dryer. The bedroom boasts an ample amount of space, and the unit sits on the top floor of a six-story building. Situated in Columbus Circle, residents can enjoy access to shopping centers, several subway lines, and restaurants.
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4. 155 East 108th Street #2A
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Neighborhood: East Harlem
Price: $1,850
Size: 1 Bed, 1 Bath
Percentage Below: 14.94%
Sunny and spacious, this one-bedroom in East Harlem comes with an appealing rental price. The southern exposure and large windows welcome ample amounts of sunshine, and the unit also boasts new hardwood floors. With large closets and over 500 square feet, there is enough room for a couple to comfortably occupy the unit. Rent includes heat and hot water, and the building resides close to a subway station.
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5. 55 West 105th Street #17
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Neighborhood: Upper West Side
Price: $2,050
Size: Studio, 1 Bath
Percentage Below: 4.65%
With a recently reduced fee price, this Upper West Side studio features large windows, high ceilings, and tons of closet space. Located on the fourth floor of the building, residents can own pets and use a guarantor to apply. The super also lives in the building, and the unit lies close to subway stations and several college universities. This is an ideal location for students.
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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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