If you have been priced out of your current apartment because of a rent hike and need to find a more reasonably priced place, your best bet is to focus your search on neighborhoods where rents are lower—and there’s less competition.
What are these neighborhoods? Places like Inwood, Bath Beach, and Jackson Heights, according to a new survey by SERHANT, which pinpointed the 10 most affordable neighborhoods in Manhattan, Brooklyn, and Queens based on the median rent increase year over year.
Another advantage to apartment hunting in these areas: There are more listings—so you’ll have more options. For example, Manhattan’s rental inventory is down 61 percent year over year, but in neighborhoods like Inwood, it’s down just 9 percent. And you can find some concessions like landlord-paid broker fees, cutting your costs a bit more.
So if you’re looking for a cheaper apartment in NYC, check out these rentals for less than $2,000 a month in Bay Ridge, Midwood, East Harlem, Inwood, and Kew Gardens.
54 Bay Ridge Parkway, #2, Bay Ridge
This one bedroom, one bath is listed for $1,700. Apartment #2 has new hardwood floors, stainless steel appliances, a decorative fireplace, moldings, and several windows. Shore Road Park and Narrows Botanical Gardens are nearby.
1500 Ocean Parkway, #4B, Midwood
This one bedroom, one bath is listed for $1,799. The co-op has hardwood floors, built-ins, curved archways, stainless steel appliances, high ceilings, three closets, and a foyer. The building has a laundry room. Ocean Parkway Malls and Colonel David Marcus Playground are nearby.
2228 First Ave., #10B, East Harlem
This one bedroom, one bath is listed for $1,895. The apartment has hardwood and tile floors, track lighting, stainless steel appliances, and several windows. The building has a live-in super. Thomas Jefferson Park and Costco are nearby.
98 Cooper St., #5G, Inwood
This no-fee one bedroom, one bath is listed for $1,900 with one-and-a-half months free on a 12-month lease. Apartment #5G has hardwood floors, stainless steel appliances, recessed lighting, moldings, and high ceilings. The building has a laundry room and bike room. Inwood Hill Park and Isham Park are nearby.
119-21 Metropolitan Ave., #4K, Kew Gardens
This no-fee one bedroom, one bath is listed for $1,999. It has hardwood floors, moldings, several windows, stainless steel appliances, and granite countertops. The building has a live-in super. Hangar 11 and Forest Park are nearby.
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