Manhattan median rent hit $4,750 in November as renters continue to pay a premium

… to pay more than the landlord is asking seems absurd when rents are skyhigh but the practice has become a hallmark of New York Citys ultracompetitive real estate market Renters will typically offer moreeither through a bidding … or a direct offer to an ownerafter theyve lost out on other apartments and are feeling desperate On the sales side …

By Jennifer White Karp |December 11, 2025 - 9:30AM
How to move to NYC: A crash course for finding an apartment

… expensive than your budget fingers crossed  Read on for how firsttimers can find a place to rent or buy in NYC … the owner and the building  Before you plunk thousands of dollars down on your first NYC rental run a background check … served by food delivery options than others Consider that many local eateries prefer if you can call them directly to

By Jennifer White Karp |June 30, 2025 - 9:30AM
Rental checklist: 20 things to look for when signing a lease in NYC

… concessionlike a month of free rentmake sure you understand how that affects what you will be paying each month It might … it is factored into a discount off your monthly payments  Many landlords still largely rely on standard lease forms … negotiate a lower rent increase at renewal time Good Cause does not apply to rentstabilized renters who already have …

By Celia Young |June 9, 2025 - 2:30PM
Federal rental aid safe for now as White House reverses course

… New York City tenants who rely on federal rental assistance programs will hold onto their benefitsfor nowafter … as a victory USA Today reported Read on for a timeline of what happened and what NYC renters should know … What the … NYC saw the White Houses reversal as a victory despite the chaotic past 24 hours While were relieved the White House …

By Celia Young |January 29, 2025 - 3:45PM
NYC mayoral hopefuls want a rent freeze, but tenants may have to wait until 2026

At least three candidates for New York City mayor have backed freezing the rent at the … at Gothams rentstabilized apartments are capped by the Rent Guidelines Board a ninemember board of mayoral appointees …

By Celia Young |December 10, 2024 - 5:00PM