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With the price of renting an apartment in New York City reaching all time astronomical heights, finding an affordable apartment or even a "cheap" apartment has become an almost formidable task! At the writing of this article, the average one bedroom apartment in Manhattan rents for about $2,500. per month. This may often include a broker's fee which can be as much as 15% of a full years rent, and the landlord may require 2 month's security down. Most broker's require that the renter earn 50 times the monthly rent. This would mean that the average renter should earn about 250,000 per year, or if it is a double income couple the income should be about 125k per person. I do not know many people that earn this kind of money. I think you'd have to be a model, successful working actor, President of a company, or Vice President, have inherited an enormous trust fund, or maybe have a wonderfully generous relative. As a writer and an artist, I am not in one of those groups, and so, my gift to all of you who don't believe you should have to sacrifice eating in order to pay rent, I offer you the following methods for landing that cheap apartment in New York City.
What most people don't realize when first thinking about the idea of moving to Manhattan (or any of the outer burroughs) is that it can be as hard to land that new fantastic postage stamp pad as buying a house or nearly as costly as giving up your first born! New York Real Estate is tough and right now it seems everybody and their brother is out to rent an apartment in New York City. Gone are those golden Robert Moses days (everyone was moving out to Long Island and the burroughs due to his new super highway system) when aparments were easily had and available. The village no longer caters to the poor artist with Loft Space Apartments having rents climbing upwards to as much as 15 or 25 thousand dollars per month.
The need for a method of finding an apartment for the average everyman (or woman) or just those who don't believe they should spend more than half of their household income on rent.
Okay, you're ready. You want to find the perfect space in NYC. Firstly, you must give up the idea that you can find an apartment the size of the fictional character, Monica Geller's on the sitcom "Friends" or Jerry Seinfeld's apartment on "Seinfeld." The fact of the matter is that very few people who aren't either, a. over the age of 80 and in a rent controlled apartment, or b. stinking rich, have apartments of that size or
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How to find a cheap apartment in NYC
New York City is one of the most expensive cities to live in, real estate and taxes are
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