Finding a rent-stabilized apartment in New York City is a big win, especially in today’s competitive rental market, because these coveted units promise two things: Limited rent increases and automatic lease renewals.
That’s because a landlord can only increase your rent at lease renewal time by the amount set by the Rent Guidelines Board. The most recent guidance allows for increases of 3.25 percent for a one-year lease and 5 percent for a two-year lease, which is the biggest hike in a decade.
But these increases are still a far cry from the 20 to 50 percent rent hikes some market-rate renters are experiencing. And because a landlord must offer you a lease renewal (except in extreme circumstances, like if you’re violating the terms of your lease, or in rarer situations, like the landlord’s family member needs the apartment).
How can you find these apartments? Do a keyword search on listing sites like StreetEasy for “rent stabilized” because there isn’t a specific filter for these listings. A recent search turned up just over 115 rent-stabilized apartments across the city, mostly in Manhattan, Brooklyn, and Queens.
To help with your apartment search, here are five rent-stabilized apartments under $3,000 a month in Astoria, South Harlem, Ridgewood, West Village, and Bushwick.
30-84 34th St., #2F, Astoria
This one bedroom, one bath is listed for $2,200. It has stainless steel appliances including a dishwasher, hardwood and tile floors, and several windows. The building is pet friendly.
146 West 111st St., #2C, South Harlem
This one bedroom, one bath is listed for $2,439. Apartment #2C, shown virtually staged, features hardwood floors, stainless steel appliances, and four closets. The building is pet friendly.
1702 Woodbine St., #12, Ridgewood
This two bedroom, one bath is listed for $2,545. The apartment has high ceilings, hardwood floors, moldings, white appliances, and oversized windows. The building is pet friendly.
139 Waverly Pl., #3C, West Village
This studio is listed for $2,654. Apartment #3C has white appliances, new hardwood floors, high ceilings, and a large closet.
1171 Greene Ave., #2B, Bushwick
This one bedroom, one bath is listed for $2,900. It has floor-to-ceiling windows, recessed lighting, hardwood floors, stainless steel appliances, an in-unit washer/dryer, and a balcony. The building has a roof deck, bike room, and package room.
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