- Renters Guide
- For Owners
Short Term Rentals
Short term apartments in NYC and its surrounding area--sometimes available unfurnished, far more often in some sort of furnished state--can be ideal for a temporary housing solution, especially if you're not interested in living in (and paying the high rates for) a hotel room for weeks and months at a time.
Job-related relocations and temporary corporate assignments are probably the most common reason people seek out short term rental apartments, furnished or otherwise, and some corporate apartments are furnished solely for companies to rent for new employees who are moving from another part of the country or the world, until they can find more permanent long term housing for themselves and their families.
It should be noted that most landlords in NYC do not offer apartments on a short-term basis (defined as anything less than 1 year). Generally, the market for 1 year leases is strong enough that they don't feel the need to offer the apartment for a lesser period of time. This is understandable... if you were a landlord, would you prefer to have to find a new tenant every couple of months, or find one who will stay the entire year? The New York Times had a good article, entitled The Long Ordeal of Landing a Short-Term Rental that illustrates the difficulty of find short term rental apartments in NY.
You should note that there is a law recently passed in New York City that makes it illegal to rent short term apartments for fewer than 30 days, unless the establishment in question is defined as a hotel.
Those Looking for Short Term Apartments Have Several Options
There are three types of short term rentals of the furnished variety, any one of which is likely to be much less expensive than simply renting a hotel room. Partially- or semi-furnished short term rental apartments may come furnished with the basic, bigger pieces that make a home livable—a bed, a table, a sofa, a dresser—but it's all pretty bare bones, and these sorts of apartments tend to be rented to non-corporate clients. Students and others in a transition period in their lives often find partially furnished apartments to be ideal for their traveling-light lifestyle.
When a short term rental listing says simply "furnished apartments for rent", you can usually expect all the furniture to be in place: a bed, a couch, dressers, a dining table, as well as a television and DVD player, lamps and side tables, rugs and sometimes artwork. Furnished short term rental apartments such as these are usually the minimum required by corporate renters for temporarily housing their relocating employees, but these sorts of rental apartments—as well as the semi-furnished apartments discussed above--are also fairly common in longer-term rental apartments that are within someone's home, such as in the basement, or that take up the first floor of a brownstone.
Fully Furnished Apartments Are Move-In Ready
Finally, there are the short term rental apartments that come "fully furnished", which, in addition to all furnishings from beds to TVs, also include linens and towels and bedding, all kitchen- and glassware (from utensils and plates and wine glasses to pots and pans), and appliances such as a microwave and a coffeemaker. These fully-furnished short term rentals are the most common sort of corporate apartments.
Because companies are by far their biggest customers, short term rental apartments of the furnished and fully furnished type are sometimes called, simply, corporate apartments, or corporate housing. If you've spent any time in the United Kingdom, you might have these sorts of homes referred to as "serviced apartments". Not surprisingly, short term furnished and fully furnished rental apartments are quite a bit more expensive than rental apartments that come without all of the "stuff".
Fully furnished or corporate apartments are most often located within easy commuting distance—either by walking or by subway--of New York City's Midtown and Financial District commercial centers, for obvious reasons. The good news is that, because of the city's outstanding mass transit system, this can mean that your fully furnished short term apartment can be located in a neighborhood such as Chelsea or Greenwich Village that has terrific restaurant, shopping, and nightlife options as well as being close to the office.
Sublets are Another Option
Since most property managers and owners do not rent apartments in NY for less than a year, another option (if you can't afford a fully furnished corporate apartment), is to sublet an apartment.