The Real.Est List
Rental concessions smaller but plentiful--here's where
As CurbedNY reports today, rental concessions offered by landlords have shrunk from an average of two and a half months last year to one month this year. But with the median Manhattan rental price at $2,895, one free month is still a month worth having in your pocket.
So where are the concessions? A quick search on StreetEasy.com turns up 115 rental listings bearing concessions. Meanwhile, no-fee apartment search site UrbanEdgeNY maintains a list of buildings offering free rent--in fact, we see that the swanky new Beatrice (105 W. 29th Street b/w Sixth and Seventh) is bucking the one-month trend by offering two months off a 26-month lease on some units.
For those of you new to the nuances of StreetEasy, here's how to search for rentals that come with concessions:
- In the rentals section, click on 'advanced search'
- Check the box 'description includes'
- Type 'free rent'