How to rent apartments in New York City

Finding your dream apartment in New York City is far from easy! Renting in New York City is not like renting anywhere else. If you are moving to New York for any reason, be sure to read this article and familiarise yourself with the New York real estate market.

The price and space

Price
The first shock you will experience when searching for an apartment in New York City is the price of an apartment. Even if you want to rent a studio in the city, it is nearly impossible to find one for less than 2000 $. If you are looking for a one – bedroom apartment the prices will begin from 3000 $ and may easily double. Moreover, the price depends on the view, on whether there is a doorman in the building or not and on other factors. What should you do if you can/cannot afford the apartment?
So, after the first shock you should really think about readjusting your expectations. If you have the budget, just raise the price limit in order to find a better and bigger apartment. If you don’t have the budget, you should either rent an apartment that you can actually afford or think about getting a roommate. Size of the apartment
The second shock that you will experience in your search for your dream apartment in New York City is how small apartments can be! For example, you may find a one-bedroom apartment that is actually not one bedroom, but a studio with an additional wall to create a bedroom!

The requirements

Aside from price and space, you will also experience difficulties in renting an apartment in New York City if you don’t meet certain requirements. New York City landlords will turn their backs to you if you won’t earn at least 40 times the monthly rent. Needing a guarantor
If you don’t meet the salary requirements, you will need a guarantor, who in turn should earn 40 times the monthly rent. If you are a student, your parents could easily be your guarantor. You should take into consideration the fact that even if you fulfill the above requirement, every landlord may have several more! Paying rents in advance
When calculating your expenses, do not forget that some landlords require one or two rents in advance. Finally, be sure to also count your broker’s fee (again it may be one or two rents). Be sure to look for your New York City apartment online. There are many real estate websites where you can find numerous apartments (from new condominiums to furnished apartments and even extended stay apartments).