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Renovating your New York City apartment (congrats!) involves more than finding a reputable contractor and choosing your palette and appliances. It also typically requires you to relocate, at least while the bulk of the work is being done—and your kitchen and bathroom are off-limits.
Problem is, short-term rentals tend to be difficult to locate and typically cost 20 to 30 percent more than regular long-term leases. The reason? "The higher turnover is expensive for landlords," explains Philip Lang, co-founder of real estate brokerage Triplemint.
And because “short-term rentals represent only about five percent of all rentals, landlords who do offer them can push up their prices,” says Philip Horigan, founder of Leasebreak, a short-term rental marketplace.
Although there are some landlords that will rent furnished apartments directly to tenants on a short-term basis, the overwhelming majority of buildings still have a one-year minimum and exact a stiff penalty for early termination, says Horigan.
Need a turnkey, temporary rental with extremely flexible lease terms while you renovate? Blueground’s modern, beautiful studio, one- and two-bedroom apartments (many pet-friendly) are so comfortable you may never want to leave. Click here to view photos, prices and locations in prime Manhattan, Brooklyn and Long Island City.
Even condo buildings that once permitted short-term tenants are cutting back after the negative publicity surrounding Airbnb, says Dylan Pichulik of XL Property, which manages individual condos and co-ops for investor owners. "Most condos will say rental leases need to be for at least six months to a year,” he says. If a condo owner says the apartment is available for a shorter period, “ask to see the condo board’s bylaws to confirm it’s okay." You wouldn’t want to the board to put the kibosh on your stay partway through.
And you won’t have any luck at co-ops, which have strict restrictions against subletters.
Now for the good news.
Thanks to the influx of hosting sites and industry disruptors like Sonder and Blueground, New Yorkers looking for short-term rentals have greater options today than in the past. Even corporate housing providers are dropping their prices to stay competitive in this new and lucrative space, says Horigan.
Whichever route you take, it pays to be strategic about timing your renovation. Co-living companies and even traditional landlords may offer concessions or allow shorter terms during the winter, when they may want to fill up unoccupied units. What’s more, if your short-term lease will end in the spring or summer, they will be better able to find a new tenant—and charge that person more.
Keep the above in mind and use these seven methods for finding the best short-term rental while you renovate your NYC apartment.
1) Explore your local neighborhood
First try to rent in your immediate neighborhood so you can stick to your work, school commute, and other routines (like your morning jog or visit to the dog park)—and keep an eye on the reno work to make sure it is proceeding at an appropriate pace. Use your local knowledge of where the big rental buildings are and stop by and ask the doorman or concierge about any current or upcoming vacancies (they always know). If you play your cards right, they just might be able to hook you up with the landlord or tenant, even before a unit is officially on the market.
2) Search for digs online
Like regular rentals, many short-term rentals are posted on the usual listing websites, though you may need to do a little sleuthing to find them.
On StreetEasy and Realtor.com (for New York only), for example, you can use the advanced search option to select the filter for furnished apartments and/or sublet apartments, both of which are more likely to allow short-term rentals.
Or you can head straight to Leasebreak. “I always recommend Leasebreak to people who are looking for short-term rentals and encourage clients to post their apartments there too,” says Tracie Hamersley of the Hamersley Team at Douglas Elliman. Besides leasebreaks (when a new tenant will take over someone else’s active lease for one to 12 months, with the landlord’s approval), this site has grown to include other legal short-term options such as furnished month-to-month rentals, unfurnished sublets direct from a tenant for a specific time frame, and rooms for share.
Apt212 is another online marketplace, except its scope is limited to furnished short-term rentals in Manhattan. You can do the legwork yourself by searching the site or work with one of its agents; either way you’ll be charged a fee. “We have over 3,000 listings, updated regularly, and screen every one to make sure it is legitimate,” says Yoav Blat, founder and CEO.
Some of the larger landlords offer a few furnished rentals directly to tenants. One such company is Jakobsen Properties, which lets you search for no-fee short term and even “ultra short-term” rentals through its own portal.
When possible, seek out a short-term lease with the option to extend, in case the renovation take longer than planned—it inevitably will. “Find out in advance how much notice you need to give and if that is at all negotiable,” XL’s Pichulik says. It’s safe to say you’ll need to let them know at least 30 days in advance of the extension.
3) Move into a “corporate” pad
As the epicenter of so many industries, New York City has long been flush with corporate housing providers who help companies find short-term accomodations for their executives and employees.
Furnished apartments are move-in ready and ideal for New Yorkers in the middle of a renovation project who are not looking to take on yet more decorating decisions. Those that come with utilities and wifi baked into the rent alleviate the chore of setting those up. (You can read Brick Underground’s round up of companies that provide short-term, furnished rentals here.)
More recently, these established companies have been rebranding themselves as suppliers of long-term stays for students, international travelers, and even families, with ample multi-bedroom units for the latter clientele.
Prices are still steeper than unfurnished rentals but if a fitness center, childrens’ playroom, rooftop lounge, and other such amenities are important to you, these mostly Manhattan properties might be your best bet.
Both Premier Furnished Solution, and Churchill Living require you to fill out an inquiry form and speak with a representative to discover rates and availability. The FAQs section of Furnished Quarters is transparent and enlightening. One-bedroom apartments in non-doorman buildings, typically brownstones, start at around $4,500 a month in summer or even less during slower seasons.
Elliman’s Hamersley points to Executive Plaza in Midtown West as one of the rare condo buildings that offers furnished monthly rentals; Cipriani Club Residences in the Financial District is another. Both come with lots of perks.
4) Think like a tourist
Gorgeously photographed and ideally situated apartments on hosting platforms like Airbnb, VRBO, and One Fine Stay may be tempting, but it can be tricky sussing out which are are legit before you hand over any (non-refundable) payments, especially for anything longer than a month. (Read Brick Underground’s “How to rent a short-term, furnished apartment in NYC without getting scammed.”)
Instead, there are a growing number of extended-stay options that are based on a hospitality model, and you can pick the one that best fits your budget. You may even be able to negotiate a lower rate, especially during the off-season.
AKA owns extended-stay properties in several key Manhattan neighborhoods, each with the usual hotel amenities. AKA offers reduced monthly rates (about 30 percent less) along with complimentary wifi, housekeeping, coffee and tea service. Each location has everything from studios to penthouse suites, all with gourmet kitchens.
Both Sonder and Blueground lean as much toward residents as tourists, with stylish spaces in desirable neighborhoods (mostly in Manhattan). Prices start at around $4,500 for a one bedroom through Blueground and $6,600 for a Sonder studio, the latter inclusive of the $500 security deposit and cleaning fee plus taxes. These companies will arrange utilities and wifi, but those will cost you extra.
5) Rent a co-living space
If you fit the profile (18-to-35 year old professional working in tech or creative sectors) and don’t mind sharing your temporary home with strangers, consider the city’s numerous co-living opportunities. These “adult dorms” offer a private bedroom in a stylish space, complete with access to a stocked kitchen, housecleaning, and buildings with modern perks. Most companies also create opportunities for networking and socializing through pop-up events and happy hours.
Places like The Assemblage, Aleph, and Outsite will let you stay for as little as one month, while Tribe has a two-month minimum and Goal House and Dwell require a three-month stay. And even though Node prefers 12-month lease terms, it has been known to offer some six-month rentals.
Prices for a private bedroom start at between $1,175 to $1,500, slightly more for one with a private bath. A couple companies require an additional membership fee.
Because they bundle the cost of the rental with utilities, co-living companies are big on convenience. Plus they are driving the industry toward a digital-first platform for a tech-savvy constituency. (For more information on these and other companies, check out "Brick Underground's guide to co-living spaces in NYC.")
6) Let a broker do the work
Finding a broker who is well-versed in short-term rentals is another option, especially if you want someone to do the heavy lifting for you.
“There are a few agencies that specialize in short-term furnished inventory,” says Triplemint’s Lang. Apt212 and Manhattan Management Group are a couple such names. “Most of the larger brokerages also have relocation specialists or agents with experience in short-term rentals,” he adds.
You will have to be willing to fork over a fee, usually a month’s rent for shorter leases or 15 percent for anything over six months.
“Working with a reputable broker may save you money in the end because we can negotiate on your behalf and broaden your options,” says Elliman’s Hamersley. “Just the other day I called a property manager who had just happened to speak to a tenant who was looking to sublet her apartment, and I was able to place my client in a short-term lease. That serendipity happens all the time.”
Hamersley also has a valuable resource in the firm’s internal bulletin board, where she can reach out to all 4,000 agents across the city to find leads on rentals that may be off market or broker-to-broker. “I can post what I am looking for and quickly get a match,” she says.
Over the past 16 years, Michelle Sedlitz, an agent at Citi Habitats, has helped people rent out their furnished apartment for the summer or while out of the country for half the year, most recently a six-month sublet of a three-bedroom, two-and-a-half-bath condo (with the board’s permission). “I always tell renters these furnished short-term rentals will be expensive, but every now and then I find a tenant/landlord willing to come down quite a bit on the price.”
Sedlitz also finds that renters are willing to forego the bells and whistles and save money on a basement unit in a walk-up. “I will do what I can to get the deal.”
Some New Yorkers may forego a furnished apartment altogether. As Horigan points out, many people who are renovating are fine with having only a sleeper sofa and some basic kitchen supplies for the duration, if it means saving on costs.
7) Tap your social networks
The old word-of-mouth method also yield results. Ask your friends, co-workers, neighbors, dog-park acquaintances, gym buddies, whoever else you know if they (or someone they know) will be vacating or subletting their apartment. Post your request on social media channels, including the local marketplaces on Facebook. Be creative and persistent. You never know.
—Earlier versions of this article contained reporting and writing by Lucy Cohen Blatter and Donna M. Airoldi.
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