Roughly how much would an apartment in New York City cost me per month?
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I'm a student in England planning to spend the summer in America, hopefully 2 months working in NYC and 1 month holiday in California. There will be 2 of us, and I was wondering how much we would have to budget for in rent. I've looked at craigslist but can't seem to come up with a consistent figure. The flat does not have to be fancy at all, just a place to sleep, watch TV and play some Xbox. I'm aware the figure will be very rough, but a ballpark estimate would be appreciated. Thank you :) Edit: People are asking for more detail, so I would be looking for a 2 bed, 1 bath with a kitchen. Proximity to a train station and a supermarket is important, but not necessarily near to Manhattan or any of the 'trendy areas' (I dont really know what they are to be honest, this will be my first visit to America). As long as it is within a 40 minute commute to Manhattan I will be happy. It doesn't have to be a luxurious apartment, just a clean decent place to sleep at a good price, and a doorman won't be necessary. We are both students and live in UK student houses (which if you don't live in the UK, aren't exactly luxurious). Hope this is enough detail, if there's anything else I should be adding, please let me know.
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Answer:
This depends heavily on the borough, neighborhood, and willingness to have (extra) roommates. Some data points (all in Manhattan): a 3-bedroom in Morningside Heights/Harlem was about $2k total; a 1-bedroom in Stuyvesant Town (near the East Village) is about $2.7k; a studio in Morningside Heights/Columbia University area was about $1.5k; a 1-bedroom in the Lower East Side can be had for $1.8k; a very pretty loft/1-bedroom in the Financial District was about $2k; (and keep in mind that 1-bedrooms can have the living room "converted" into a second bedroom, which is what a lot of people do). And all of these are just one number in a range. It depends on size of the apartment, proximity to subway stops, neighborhood, number of bedrooms, doorman or not, various other amenities, etc. It's actually very difficult to give you anything besides "$500-$5000/mo." as a response without even some specifics to filter down.
Eunji Choi at Quora Visit the source
Other answers
You could look into staying at an NYU dorm. They open up their housing for the summer to their own students as well as college age people interning or working in the city during the summer months. If there's two people you can apply to room together. Lowest cost is $165 per person per week and highest is $360 per person per week, depending on which dorm you stay in. There are various options for the dorms and rooms you can apply for, like number of roommates and whether or not your room has air conditioning. These options affect the cost. You do get access to NYU's facilities if you stay at their dorms, including their two gyms and the library. Applications begin in February. Here's the link to info about NYU's summer housing:http://www.nyu.edu/summer/housing/ Here's the cost breakdown for 2011:http://www.nyu.edu/summer/housing/overview_rates.htm Edit: And, as others have mentioned, NYU's dorms are spread around the middle of downtown Manhattan, all in great locations. They also all have security guards and require a magnetic key card to get into the buildings, so they are very safe.
Cameron Little
a few notes: Cameron Little's suggestion on NYU dorms is a good one for price, safety, proximity to fun stuff and length of stay so definitely look into that The suggestions to stay in Harlem, Brooklyn, or Astoria are also good suggestions in terms of getting something decent for your money bbut still being in a fun interesting neighborhood A sublet is definitely the way you want to go and be prepared to give a hefty security deposit and a ton of documentation All that being said, you should be able to find something decent for approx. $2k. The bigger it is (a real 2 bdrm) the farther away from the middle of Manhattan you will have to get to find something nice. My recommendation would probably be Harlem - Fairway supermarket is on 125th street and Whole Foods on 86th so somewhere in between you should be able to find some Columbia student looking for a summer sublet tenant. Good luck.
Laura Parker
The short answer is between $1000 and $3000 a month. But that's not quite right. You're not looking to sign a lease for a year which is what most landlords want. You're also looking for a place that is furnished too given that you probably don't want to buy a bed, toaster and dump it all when you leave. You need a sublet. The good news is a lot of people in NYC leave for a month or two and try to get someone to look after their place. Sometimes they want a lot of money and sometimes they want you to look after the cat. I recommend looking at http://Airbnb.com and search for month listings. For example: http://www.airbnb.com/rooms/14718 On the surface that is not a bad deal (good neighborhood etc) but is still $2100 a month. You could probably do better but you'll need to search. I think its reasonable to expect a livable 1 or 2 bedroom sublet for less than $1200 a month, if you're willing to skimp on the luxuries :) http://newyork.craigslist.org/search/sub?query=&srchType=A&minAsk=&maxAsk=1200&bedrooms=1&hasPic=1 Good luck
Michael Donohoe
It really depends on where you want to live. If you want to live in the trendy east village/lower east side, expect to pay $2200 and up for a small two bedroom without much fancy extras. Moving further away from manhattan will get you cheaper rent. Upper east/west side gets a little cheaper (but not much), going to brooklyn gets cheaper once you get a couple of subway stops out, and the apartments out there are generally larger than manhattan. If you really want to save, check out New Jersey - stuff over there usually drops in price way faster than brooklyn, but transportation options are more limited. Queens is also more affordable, but takes longer to get to the "fun" spots (ie. lower manhattan). Feel free to post more information on what you'd like to do and where you'd be hanging out and you might get more focused answers.
Geoff Stearns
Based on what you want, I would recommend checking out Astoria, a neighborhood in Queens that is one subway stop away from Manhattan. You pay half of the Manhattan prices (see Eunji's post), and its a decent neighborhood with a good community. On wikipedia: http://en.wikipedia.org/wiki/Astoria,_Queens
Anonymous
In South Slope, you can get some serious deals if you're willing to live "south" of Park Slope. A 2BR can run you $1700 to $2200. It's a safe hood with close subway access. Also, if you need help navigating the rental market, check out http://nyrentalbible.com. There's an ebook you can download written anonymously by brokers designed to help you save money.
Adrien Seybert
There is an online calculator from the New York times that would answer all your questions..you really should check it out if here: http://www.nytimes.com/interactive/business/buy-rent-calculator.html?_r=0 or one of the various other online calculators to see what investement(buying/renting) would be more profitable for you specific case by providing details... The other users already provided rough estimates of the prices but you really should check out http://www.primehomesny.com/brooklyn-real-estate/
Alan Jean
The number dropped on our collective heads as lightly as an anvil: $4,042. That was the average price of a two-bedroom rental in Manhattan, according to Citi Habitatâs April 2014 market report. And even after the following monthâs numbers provided modest relief (less than 2 percentâs worth of relief â it dipped to $3,998), it will still cost renters an average â not for anything fancy, mind you â of $48,000 a year to live in Manhattan with an extra room. The overall average wasnât much better ($3,451).Of course, for many New Yorkers, those obscene numbers is nothing approaching their actual budget. Most real estate pros recommend a rent thatâs one-fortieth of your yearly salary, which means if you take home the city average ($84,100 in the private sector, according to 2012 stats from the New York State Department of Labor), you should be paying just over $2,000 a month in rent.
Raven Terrance
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