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The Price Is Right: Renting Apartments in NYC |
Some people say the lights of New York City will make you feel brand new; they might even inspire you. And if you are of the one of the hundreds of thousands of people who believe there is no place like NYC, you will be willing to pay the high costs of rent. Consider that even if you are thrifty and willing to live in a sketchier area of town, you will still have to pay a minimum of $1000/month for rent. At anything less than $1500, you are getting a true bargain, and if you want to live in one of the premium areas of the city you will not get away with rent for less than $2500/mo.
If you are bent on living in NYC, renting apartments in NYC is best accomplished by building a mental grid for yourself. Between the Upper West, Upper East, Midtown, The Heart, The Village and the Financial District you will find distinct differences in apartment availability, cost and environment. Without a doubt, the most expensive area is in the heart of the city, around Gramercy, Chelsea and Union Square. The entire city is so pricey compared to other cities, that all costs become relative—relatively expensive.
Midtown will offer the largest supply of “affordable” apartments, and if you can survive in a studio, you might be able to find something that two or three can manage on day jobs. The Upper West and Upper East sides offer quick access to Central Park and thus are appealing to the youth and arts culture. The Financial District of course, draws Wall Street types, is the most refined and quiet area in town and competes with the Heart of the city for rental prices.
If you have come to terms with the expenses of living in NYC, and you know the trade-offs, you should thoroughly enjoy your time in this perpetually-churning city. The energy of New York is unparalleled. For inspired youth, and people wanting to feel the heartbeat of America, living even a year in an apartment in the Big Apple is an experience to relish.
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