Where to Rent for Less in New York City
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- Опубліковано 17 тра 2015
- Don't spend more than 50 percent of your income on rent. It's good advice, but a tough thing to do if you're a new graduate looking for housing in New York City on a budget, especially in this rental market.
StreetEasy data scientist Alan Lightfeldt says a typical New York City household will spend almost 60 percent of their income on median asking rent, because incomes aren't increasing as quickly as rents. In the last five years, incomes have grown just 2 percent while rents have grown 12 percent.
StreetEasy estimates that most recent graduates who did not major in business will make less than $50,000 a year.
So where can they find an affordable place to live?
Lightfeldt says look outside of Manhattan first. Explore neighborhoods in Queens, the Bronx, and Brooklyn, where rents are more affordable.
Try areas like Astoria in Queens or Crown Heights and Bed-Stuy in Brooklyn. You can find apartments for $1,000 to $2,000 per month in those neighborhoods.
Lightfeldt says these are very large rental markets with a lot of studio, two-bedroom, and three-bedroom apartments, so you have options whether you want to live alone or take on a few roommates.
If you have to be on Manhattan Island, go way north and definitely consider a roommate. Lightfeldt suggests looking north of 110th Street, where most of the affordable units are.
Washington Heights is easily accessible by subway. A lot of young people live there already.
Finally, when you find a rental you like, scoop it up fast. Bring your checkbook, references, and credit report when you go to see a listing. Landlords will ask for those papers, so if you have them in hand -- ready to go -- you'll be one up on the competition.
--ALISON MORRIS
Being 18 and just starting college, I'm happy my father decided to purchase a home 18 years ago. Told me that as long as I'm working or going to school, I can always stay in his home.
Northern Manhattan?!! Hah!! Even Harlem is going to become just as expensive as the rest of Manhattan!!! Pretty soon the only affordable housing is going to be in a cardboard box.
Long Island New York 😂
Cardboard flats- $6.8 million for a cardboard 1000ft2 house
So this is why Astoria rent went from $1200 to now $1800 in less then 2 years thanks!
Techie T. nYc right Astoria was affordable 😩
over $2500 now.
Kenny Advocat I know people paying over $3000 to live in 2 small bedrooms in Astoria
This city has turned into an exotic economic experiment that can't possibly succeed. The crash when it happens will be thunderous.
EtchedInStone I'm definitely taking out a mortgage on an apartment if a crash occurs.
That can be said for every megacity in the world.
The trump tax bill is going to make things worse people are gonna stay renters for longer because their mortgage expense won’t be offset by their lower tax bill
this aged incredibly accurately
It’s here
so 1 - 2000$ is considered a cheap rent in NY? omg.....
Andrew4d right I'm here saying the same thing Brooklyn rent is not cheap a studio apartment is expensive
Lmao ikr, that's so fucking expensive here in Los Angeles the cheapest price is $700
Kathryn Dorsey $2000 is cheap, in midtown you can find 2br apt for $5500-$7500 a month
Kathryn Dorsey That's because the cost of living is high here. Though not so much after taxes! Ha ha heh
That's paying someone mortgage..fuck new york..This place is polluted ..over price and it gonna soon crumble.,all the artis are leaving.
I cannot for the life of me see how people can live wit strangers aka roommates HELL NO
I live in Missouri. I pay $450/month for rent.😊
Wow I wish to pay $450 ☹😢😭😭maybe one day when I move from NYC
Adam Honesty and decency you live in Missouri.
And earn 57 cents a week
1-2000$ for one bedroom in bedstuy and crown heights?
Good luck with that.
Lmao, a 3 bed room apartment and 1k sqft is usually 2k a month here in Throggs Neck/Schulyerville(Bronx) and easy access to the 6 line which has near prefect service in the morning but the evening is questionable.
He has no idea what he is talking about. Bedstuy and Crownheights are so expensive.
"Don't spend more than 50 percent of your income on rent"
That's way too much. In Europe, you're advised not to spend more than 1/4 of your income (or 1/3 if you really can stretch your budget).
This is why my fam had to move to TX smh
Definitely Jamaica Queens rent is affordable, and social mobility is much easier. For 1 bedroom in Jamaica Queens you pay $1100 to $1300, for 2 bedrooms $1400 to $1600. There are a lot of great neighborhoods , but one down side is that not all of them are near subway stations , you have to take bus then the train to go to the city if you are using public transportation. Rent is so EXPENSIVE in Manhattan, it's mind blowing .
But who wants to spend their life suffering overcrowded, filthy and UNRELIABLE public transportation when you have a low paying full-time job and a full-time college schedule? -- there's just no time to study, so your school performance is severely threatened, which totally sucks when you are paying for school terms as you work(hoping to eke-out a passing grade). Us folk that are in public service jobs that run around the clock are constantly mandated to stay when staff is short(at least once every 2 weeks). Then the MTA keeps raising the fares, while the horrid train service may have you 'literally' several hours late on ANY given day! Last year it literally took me 3 hrs and 5 minutes to walk in my door from school . . . to only have to turn around and wake up three hours later to begin my miserable day again! I ended up this year renting a room in a 5 room apt -- where I share the bathroom and kitchen access -- just to get my daily 4 and a half hours of sleep--- and the trains are still f_cked-up!!
Jamaica???? Think twice hipster millennial moron!!!
@@johndoe1719
C
Funny that this comment was 4 years ago and buildings for the yuppies are going up as I type this out. Jamaica is not affordable! 1800 for one bedroom now right next to the F train on 169th. This city isn’t for anyone with a salary under 6 figures
Is Jamica cheaper than Canarsie?
Don’t spend anymore than 30% of income on rent. I can’t believe he said that.
If you make $5000/monthly he just said it’s okay to spend $2500 for rent. YEAH RIGHT
I agree but he also said we spend 60% of our income trying to rent. That means they're already in our pocket and we're already looking to spend our cash before we get it. I think if you're room mating. Y'all both gotta be making atleast 1000 every two weeks unless you wanna be on a Roman noodle diet. I have a career and I'm struggling cause my partner don't work. But that's about to change or Ima have to get a higher paying job and see my family less cause that's the way it's looking. Network has always been a high price place to rent/own/live but you gotta have the mental fortitude to own up and kick ass if not. You're not gonna make it.
Business People make more than Engineers?.... SMH
If I live in the project u should just stay there cause rent is HIGH it's a shame forreal😔
I'm so glad i moved to perth Australia instead of New York. I'm student and i probable earn more than a skilled employee in NY. And the rent ... forget abt it!!
Is perth Australia good?!? I was thinking once i hit 18 im gonna travel the world.. I started saving when i was 11 but these bitches( siblings) keep taking my money.. Anywhoo idk yet but im planning on traveling..
South Bronx, next to the projects on 3rd Ave. I'm sure the rents are reasonable around there.
I wouldn't live there for free!!
The America is fallen
I am in New York state right now and I may have to look for a different apartment only one problem I have social security disability so they do not give me crap I can not go over $500 and that is starting point to rent anymore it is over $500 and the place I am an is not fit to live and I am paying 425 for rent and it's not worth it I'm in a small town right now I need to get out of hair fast but it has to be under $500 if you include all of the utilities I might be able to afford 550 but not much more than that I would never be able to afford 600 they make it impossible for you to afford rent the Homeless Problem will only get worse not better no one can afford the rent anymore I may be forced to live in a tow behind camper because of the problem and the camper is not fit to live in either and that is what my so-called man in my life wants to do I want a real roof over my head I hate the idea of having to leave him but I may have to
Don't have any idea where or how you're living now. That living in a camper idea, sounds good to me. That will give you a chance to save, and get ahead. There are just only a few solutions , to solve your rent and financial problems. To stay where you're at, you got to increase your income. If that's not possible, you have to go somewhere cheaper, to rent and live. This could mean living in another state. In New York you pay exorbitant amount of rent just to live in the hood. New York City is for people who have deep pockets.
¹l up
Up up up everything going up but our salaries ! Rent has risen by 300% these past 22years and salaries only by 50-60%. So I guess ppl work like slaves in 6 jobs to pay the rent or take a mortgage !
People are living with roommates, living on top of each other like sardines.
That is so true it cost so damn much to live in nyc
+Welc Masher well landlords won't accept housing voucher neither
Loretta Wheeler that's why there so many homeless people on the street because they make it impossible two rent anything anymore the homeless problem is only going to get worse not better the average rent is over $500 now and I'll be lucky if I get that I get Social Security disability I can't go over $500 in rent so my but just might be in a tow behind camper and that thing is not fit to live in either
They talk to each other and let each other know where to go and destroy our neighborhoods. In plain sight they are telling them where to go and do damage. SMH 🤦♂️
It's funny, but when I first read your comment, I thought you were a white guy talking about immigrants.
Do you need gunshot insurance for those neighborhoods ?
I wish that Columbus guy never got lost😑 he bought cancer with him
😐Brought 😑
I wanna relocate to NYC from atlanta tryna find the cheapest places to live in NY what may cost 700 bucks
Unfurnished room for that amount. lol good luck
JayFalconsfan404- maybe in a 25 story walk up in the bronx
For 700 probably a room in an apartment someone else is renting
room in an apartment... in Brooklyn you'd have lots of options for that price... in Manhattan possibly only Harlem, but even Harlem would be closer to 800-900
JayFalconsfan404 Stay in Atlanta you fucking hipster.
Look outside of manhattan.... Manhattan is cheaper than Brooklyn now. Astoria getting expensive also....
What?!?! If we actually talking the bronx is the place with the bigger apartments and cheaper prices.. Manhattan is the expensive one along with staten island
@@ruthlessog9098 under 1k per room in Washington height in the older building. Way more in Bushwick Brooklyn for tiny room. 😢 Yes Bronx better deal. 👍
@@kennyadvocat 1k per room but is it to be paid by month or year?.. I mean yeah bronx is cheaper but more dangerous cause of the people.
Below 130s street is little more cheaper then above 130s streets
This is America?
Land of the Greedy! Fuck the Needy
Luis Galicia- In NEW YORK CITY, the most expensive place to live IN THE WORLD. You can own a 4 bedroom 2,500
Square foot home in a rural area of a state like Georgia for the same price of a 500 square foot studio in Manhattan.
dom consigy Not really, Tokyo, Singapore, Hong Kong and Dubai is more expensive tho
@@dominic.consiglio7470 4 bedroom for that price!?!? Nahh its probably a lil higher but it depends where you go
Telling people to go to Crown heights he crazy af !
Faxx i go school around there and me and my friend was charity trick or treating for a school assignment and we was knocking on doors when they came down we said trick or treat they said they dont got no candy cuz no kids dont trick or treat around there anymore.
Edit- they was shocked that we was trick or treating on the block
Like the north central Harlem of 140s and 150s streets cheaper part of Harlem
Consider moving north of Manhattan if you must live on the island? Yeah because Harlem is the dream destination for sure...
RealityFacade beggars can’t be choosers my guy
lol He said the Bronx with a smirk. Theres a reason why its cheaper there.
shop from home !!
Faxx but there are places that are cheap in new york
The South Bronx is the cheapest but so are the people...
give me a break
Did you notice he named mostly minority neighborhoods?
I am 14 and still going to school in the uk why the fuck am I watching this
Man the rent is cheap here cuz you’ll get fucking robbed som don’t move here
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