This Week’s Worth-It New York City Apartment Listings (2024)

listings edit

By Nora DeLigter, a writer and filmmaker based in New York City

This Week’s Worth-It New York City Apartment Listings (1)

341 Bainbridge St. Photo-Illustration: Curbed; Photo: Compass

This article first appeared in the The Listings Edit newsletter to get a weekly digest of the most worth-it apartments in New York City. Sign up to get it first.

Listen, it’s not like getting an apartment in New York has ever been easy. But one could probably argue that it has never been harder than it is right now. The most god-awful studios are regularly renting for thousands and thousands of dollars with lines of interested tenants out the door. Here, we’ll find the actually worth-looking-ats, actually worth-the-costs, and the surprisingly affordable-for-those-parquet-floors from all around the internet.

A few weeks ago, I came upon so many under-$3,000 one- and two-bedrooms that I became convinced things on the Brooklyn rental-market front were improving. I’m afraid I was wrong. Everything is currently ridiculously, outrageously expensive (probably in part because it’s prime moving season). As always, I did my best to find those hidden, actually-nice and somehow underpriced spots. I’d say I was moderately successful this week! And if you’re specifically for a studio in Brooklyn Heights, you’re in luck here — I found a few great (but sorry, sorry, mostly overpriced) ones.

Bed-Stuy Apartment Listings

$3,703, 1-bedroom: This building rocks and the virtual staging sucks. Apartment also a little underwhelming, but the building! Rocks.

$9,750, 5-bedroom: A little overrenovated for my taste, but who needs charm when you have five bedrooms?

$7,451, 4-bedroom: Another overly zealous gut job, but it’s a very nice duplex besides that!

$3,600, 2-bedroom: I like the strange shape of this apartment because it lets in a lot of light. Looks brand-spanking-new and is neither charming nor ugly.

$7,025, 3-bedroom: Sweet and squat brownstone with some tasteful details — the tiling in the bathroom and the exposed beams in the bedroom, namely.

$3,495, 1-bedroom: Floor-through garden apartment with an unusual amount of light and a lot of potential. Hate that sliding barnyard-chic door, though.

$3,750, 2-bedroom: Brand-new two-bedroom (or so they say) garden apartment.

$5,000, 2-bedroom: The perfect apartment, only available for a month.

This Week’s Worth-It New York City Apartment Listings (2)

425 Hancock St. Photo: Corcoran Group

$1,999, 1-bedroom: Advertised as the “cheapest apartment in Bed-Stuy.” Quite bright and charming, considering.

Fort Greene Apartment Listings

$6,925, 3-bedroom: The green staircase that leads to who knows where … too cute!

$2,500, studio: A not-excellent, not-terrible overpriced studio that may be worth it to you for its location on the exceedingly charming, park-adjacent South Oxford.

$3,950, 1-bedroom: A similar situation, except this one is larger and on the similarly charming, similarly park-adjacent South Elliott.

$3,100, studio: And a third in the same category, this one on SOUTH PORTLAND. Substantially nicer than the previous two, though —with three big windows and a lofted bedroom.

Crown Heights Apartment Listings

$3,595, 2-bedroom: Some unattractive features (the wrought-iron railing and exposed brick), but it’s totally fine otherwise. (And really, it’s a pretty nice kitchen.) Someone I know hung canvas all over the walls because their landlord wouldn’t let them paint the brick white — it worked well.

$7,400, 5-bedroom: Another day, another fiver! Don’t love the latticework, or the wainscoting, or any of the finishes for that matter, but it’s big and its bones are beautiful.

This Week’s Worth-It New York City Apartment Listings (3)

930 Lincoln Place Photo: Corcoran Group

$6,250, 2-bedroom: This nicely updated prewar apartment is very tasteful, even though it’s —like everything else on this list —absurdly overpriced! If you miss any of the old-school charm, just head down to your lobby, which is absolutely dripping with opulence.

$2,500, 1-bedroom: It’s fine! It’ll do!

$9,750, 6-bedroom: A stately and stout six-bedroom.

$4,300, 3-bedroom: Sometimes, I think, Maybe this is who I should be? Clean, lovely, generic, and clean. And actually not a terrible price for a three-bedroom this well renovated.

Prospect–Lefferts Gardens Apartment Listings

$10,000, 4-bedroom: If I could, this is what I would take ……….

This Week’s Worth-It New York City Apartment Listings (4)

52 Midwood St. Photo: Corcoran Group

$1,850, studio: A lovely little studio, at a great price point.

$4,000, 3-bedroom: Nice, if you’re into dark mahogany.

$7,500, 3-bedroom: The previous tenants had some fun!Namely: the navy-blue and mahogany dining area that feels like a ship’s hull, the powder-blue bathroom with a soaking tub, the cozy and chic garden level with a built-in window seat and nicely exposed beams.

$2,900, 2-bedroom: A lot of space, half a block from the park

$6,250, 4-bedroom: Have listed this one before. Price has decreased. Cannot understand how it hasn’t been scooped yet.

Prospect Heights Apartment Listings

$5,000, 2-bedroom: Classic prewar two-bedroom with all the fixings. A shame about the new windows, though.

Brooklyn Heights Apartment Listings

$3,125, studio: Cute studio at BK Heights pricing! I especially like the floor-to-ceiling bay window.

$3,200, studio: Another studio! But this one is absolutely and completely perfect?

This Week’s Worth-It New York City Apartment Listings (5)

Brooklyn Heights studio Photo: Ekaterina V/Craigslist

$2,850, studio: SSAS (sorry, sorry, another —great! — studio).

$6,200, 2-bedroom: Something very monklike and ascetic about this one. Besides the price, obviously.

This Week’s Worth-It New York City Apartment Listings (6)

82 Willow St. Photo: Corcoran Group

$4,200, 1-bedroom: This one advertises a home-theater screen! I’m happy to report that the pictures back up that claim.

$3,795, 1-bedroom: Okay, this is not Brooklyn Heights, but it’s close-ish. It’s Boerum Hill, and it’s not a bad price for the neighborhood or space.

Williamsburg Apartment Listings

$3,950, 1-bedroom: A cutie one-bedroom — somewhat unremarkable, but perfectly nice.

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This Week’s Worth-It New York City Apartment Listings
This Week’s Worth-It New York City Apartment Listings (2024)

FAQs

Are NYC apartment prices going down? ›

New Yorkers will see a calmer rental market in 2024, after inventory shortages led to strong competition for rentals this year. As inventory rises further next year, citywide rent growth will slow, although a sharp drop is unlikely due to still-limited inventory compared to pre-pandemic levels.

Is now a good time to rent in NYC? ›

Market rents today are estimated to be about 17% higher than right before the pandemic. This is comparable with overall inflation over this period; in other words, real (inflation-adjusted) asking rents are about the same now as before the pandemic.

Why is it so hard to find an apartment in NYC right now? ›

“Rising apartment vacancy is not due to fewer renters but rather due to the oversupply of construction in the past three years,” said Lawrence Yun, chief economist at the National Association of Realtors.

How to get an apartment in New York right now? ›

Ways to Find an Apartment
  1. Real Estate Apps and Websites. There is an ever-increasing and changing set of websites and smartphone apps to help New Yorkers find a place to rent or buy. ...
  2. Brokers. ...
  3. Word-of-Mouth. ...
  4. Classified Ads. ...
  5. Walking Around. ...
  6. Housing Office. ...
  7. Finding a Vacant Apartment in Same Building. ...
  8. NYCHA.

Are rents in NYC coming down? ›

The median rent for one-bedroom units in New York City decreased 2.9% from $4,161 in December 2023 to $4,040 in January 2024. Over the same period of time, two-bedroom units saw the median rent dip 6%, from $4,798 to $4,510.

Are NYC rents dropping? ›

Manhattan median rent dipped 1% over the last year to hit $4,257 in February. That's still far above the citywide median of $3,575, which rose 2.1% from 2023.

What is the cheapest month to rent in NYC? ›

“Renters would be well-advised to sign a lease in February, the cheapest month to rent in New York. Rental prices begin to increase in early May and reach their apex in the summer months, peaking in July. They begin to decrease again come October, reaching their low in February.”

What is the NYC real estate outlook for 2024? ›

The New York Housing Market is experiencing a variance in median sales price and home values. As of early 2024, these figures suggest a subtle decrease in statewide median prices, while New York City itself maintains some resilience in home values.

What month is the cheapest to rent an apartment? ›

Winter Months Are Best for Rental Savings

As the temperature drops, so do prices. The lowest rental rates are usually found between October and April, particularly right after the December holiday season. Fewer people are interested in moving—the weather's bad, schools are in session, etc.

Why are so many NYC apartments empty? ›

Landlords say that many units are off the market because they need substantial renovation after being vacated by long-term tenants — repairs that are cost-prohibitive because of 2019 changes to state rent regulations that make it impossible to recoup the investment needed.

Why is renting in NYC so hard? ›

In addition to the high cost of rent, finding an apartment for rent in NYC can also be difficult due to the limited availability of rental units. The demand for rental apartments in NYC often exceeds the supply, which means that there are more people looking for apartments than there are units available.

Why does NYC have so many empty apartments? ›

"They are failing to manager our housing authority properly." NYCHA told Eyewitness News that many of the buildings are old and need "significant" repairs from multiple skilled trades and those repairs are best done when the apartment is vacant.

How to get an apartment in NYC with no income? ›

Here's how to rent an apartment without proof of income
  1. Maintain a Good Credit Score. ...
  2. Consider a Lease Co-Signer or Guarantor. ...
  3. Provide Bank Statements. ...
  4. Look for Rentals by Owner. ...
  5. Show Any Unusual Income.
Apr 12, 2024

What is the 40x rent rule in NYC? ›

The 40x rent rule is a guideline that states that a renter will need to make an annual salary equal to approximately 40 times the monthly rent on their NYC apartment. For example, if the rent for an apartment is $2,000 per month, you should have an annual salary of $80,000 according to the 40x rent rule.

How to get an apartment in NYC with low income? ›

NYC Housing Authority (Public Housing)

Provides rent subsidized housing for those who meet HUD's Section 8 eligibility requirements. Tenants' rent is 30% of their monthly gross income. Due to long waiting lists, priority is given to individuals and families applying from shelters and other agencies.

Will rent prices go down in 2024 in NYC? ›

As inventory rises in 2024, you can expect rents for new leases to stop climbing, says Kenny Lee, economist for StreetEasy. But don't expect a sharp drop, because inventory levels are still below pre-pandemic levels.

Is it a good time to buy an apartment in NYC? ›

Manhattan is an expensive real estate market and the best real estate agents in NYC will tell you that over time apartments hold their value while the finest homes are rarely on the market for rent. Looking into the Q4 2023 report published by The Corcoran Group, it certainly seems like now is the time to buy.

Why are NYC apartments so expensive now? ›

Supply and demand. There just aren't a lot of rental units available, and that drives up the cost of rent. Think of the recent avocado shortage, and how much more expensive avocados got.

How much will rent cost in NYC in 2024? ›

What is the average rent in New York, NY? As of May 2024, the average rent in New York, NY is $3,782 per month. This is 150% higher than the national average rent price of $1,515/month, making New York one of the most expensive cities to rent an apartment in the US. $3,087/mo.

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