It should come as no surprise that right now is an excellent time to be looking for New York City no-fee apartments for rent. In 2009, for example, New York City rental apartment prices dropped across the board, and by not insignificant sums.
According to one report, the rents for NYC studios, one and two bedroom apartments fell approximately six percent in non-doorman buildings, and decreased nearly seven percent in doorman properties.
Of course, NYC rental apartments are always in demand, and many people are predicting that prices will start going up again in 2010, maybe as early as the Spring.
Other perennial New York City rental apartment trends have held firm: apartments for rent in doorman buildings are more expensive than rental apartments in non-doorman buildings; and, all else being equal (same size, same level of service), neighborhood location drives the price of a NYC rental more consistently than any other indicator.
The key, then, for finding your perfect New York City rental apartment is to rank your requirements regarding service, size and location:
- Are you willing to trade neighborhood to move from a studio to a one-bedroom for the same price?
Can you lose your doorman, but gain a bedroom?
To help you decide, take a look at the Urban Edge Neighborhood Guide, our Building Directory, and Urban Edge's currently available listings.