This Week’s Worth-It New York City Apartment Listings (2024)

listings edit

By Nora DeLigter, a writer and filmmaker based in New York City

This Week’s Worth-It New York City Apartment Listings (2)

330 Pearl St. Photo: Courtesy Douglas Elliman

This article first appeared in The Listings Edit newsletter, a weekly digest of the most worth-it apartments in New York City. Sign up to get it first.

Listen, it’s not as though getting an apartment in New York has ever been easy. But one could probably argue that it has never been harder than it is right now. The most god-awful studios are regularly renting for thousands and thousands of dollars with lines of interested tenants out the door. Here, we’ll find the actually worth-looking-ats, the actually worth-the-costs, and the surprisingly affordable-for-those-parquet-floors from all around the internet.

I stuck to downtown Manhattan this week, eager to find inspiring spaces or good deals in Fidi, Tribeca, Chinatown, and lower Soho. Happy to report that I did find some stunners, but the thing about inspiring spaces is that they tend to exist at a higher price point. Next week, I’ll be steering clear of Manhattan. And you can find some Bed-Stuy and Ridgewood sublets at the bottom. (One truly great one in the Chatham Towers.)

Fidi Apartment Listings

$4,200, 1-bedroom: Attracted to: the arched window and the pillars in the living room. Not attracted to: the flooring and the less-than-updated kitchen.

$6,200, 1-bedroom: Pinch me, I’m dreaming! The color-blocking here is tickling me in all the right places. There’s a calm and Scandinavian feel. Even the Murphy bed is doing it for me.

$5,600, 1-bedroom: I love this building — home to one of the first merchant banks on Wall Street, now a condo building with great windows. Beyond that, this apartment is practical and stolid (and a bit overpriced!).

$8,500, 4-bedroom: Again with the windows! I love these Peck Slip buildings — they transport me back to a simpler time when South Street Seaport was more trading hub and less Hudson Yards. Also, this has four bedrooms??

$8,650, 2-bedroom: Not to beat a dead horse, but we’re here again for the windows. These casem*nts are massive, just like I like ’em. Also here for the “massive” outdoor terrace and the in-building fitness center.

Tribeca Apartment Listings

$8,500, 1-bedroom: The skylight! The perfectly paned, somewhat squat windows! The bright, bright natural light!

$9,450, 1-bedroom: I like the green accent wall and the Nancy Myerian kitchen. Oh, and the walk-in closet, but besides that, this is a reach!

This Week’s Worth-It New York City Apartment Listings (3)

108 Leonard Street Photo: Courtesy Elegran

$12,000, 2-bedroom: You know you’re in a fancy kitchen where there are no handles and you have to tap on things to get them to open? This apartment is all about that.

$10,000, 2-bedroom: The windows here are a religious experience. I’ve long loved this building and always wondered what the price point would be. And now, sadly, I know.

This Week’s Worth-It New York City Apartment Listings (4)

55 Reade Street Photo: Courtesy Corcoran

$7,500 1-bedroom: I swear I’m almost done with the Tribeca lofts, but this one is an OG. I love the charming, idiosyncratic layout, the open spaces that are seriously gaping, and all the surprise windows. I can even get down with the track lighting, folks.

This Week’s Worth-It New York City Apartment Listings (5)

38 White Street Photo: Courtesy Iryna Ferenets

$5,995, 1-bedroom: A Philippe Starck building with some zany details like the sunken kitchen and the built-in that’s either a fridge or a cabinet, I can’t tell. The chandelier in the lobby is pretty absurd and might be worth the price of admission.

$7,250, studio: Impossibly high ceilings on this one as well as a few Corinthian columns! The roof is also fantastic.

Chinatown Apartment Listings

$5,700, 3-bedroom: This one has potential — the arched passageway lets light into the rest of the apartment, and there are a lot of bedrooms as well as some outdoor space. Hate, hate, hate the color of that exposed brick.

$6,995, 1-bedroom: Raw in all the right ways. You could easily convert this into a two-bedroom. Looks like there are decades of layers of white paint here, but I find it charming.

This Week’s Worth-It New York City Apartment Listings (6)

23 Ludlow Street Photo: Courtesy Matthew Gros-Werter

$3,595, 2-bedroom: I know it’s a ways away from the Tribeca loft, but there’s some charm here! And the price is right. I’m not mad at cherry-esque details and built-ins, and there’s a lot of light in the living room.

Soho Apartment Listings

$5,300, 1-bedroom: I like the living space here — could be very cozy if decorated well. Would need to cover up that exposed brick somehow and get a lot of lamps to avoid the overhead lighting.

$10,000, 3-bedroom: Bring back the glass block! I love this ode to the ’80s (or, more likely, a vestige of). Other than that, this is just another loft with a lot of potential.

$3,400, 1-bedroom: It’s tiny, but it’s cute. Studio or one-bedroom, not sure, in a prewar building on the cusp of “South Village.”

This Week’s Worth-It New York City Apartment Listings (7)

143 Sullivan Street Photo: Courtesy R New York

$8,750, 1-bedroom: Last loft look and palate cleanser. Massive one-bedroom (that could easily be converted) with a lofted area. Love the kitchen here and the elevated living room area by the windows in the front.

Some Summer Sublets

Back with some hot summer sublets, in case you need a short-term stay! Allison Brainard, performer-poet-producer-publicist, is renting out her sun-drenched one-bedroom in Ridgewood for July. It’s off the Pond Road M stop, for $2,500 a month. Outdoor space!

This Week’s Worth-It New York City Apartment Listings (8)

Photo: Courtesy Allison Brainard

Designer Matt Spevak is renting out his stunning 1,000-square-foot one-bedroom in the Chatham Towers— the highly sought-after Brutalist beauty in Chinatown — for short-term stays. DM him for pricing.

This Week’s Worth-It New York City Apartment Listings (9)

Photo: Matt Spevak

Director Rafe Scobey-Thal is renting out his Bed-Stuy place — a floor-through in a brownstone — for the entire summer and beyond (it seems there’s potential for a lease takeover). Affordable, he says. Have questions? Send him a DM.

This Week’s Worth-It New York City Apartment Listings (10)

Photo: Courtesy Rafe Scobey-Thal

And, lastly, designer Thistle Brown is renting out his Lower East Side apartment July 1–15, at $150 a night. You can DM him, too!

This Week’s Worth-It New York City Apartment Listings (11)

Photo: Courtesy Thistle Brown

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This Week’s Worth-It New York City Apartment Listings
This Week’s Worth-It New York City Apartment Listings (2024)

FAQs

Are New York apartment prices dropping? ›

(NerdWallet) – An ongoing boom in apartment construction has helped slow down rental inflation — but renters shouldn't expect prices to drop dramatically from their pandemic-padded highs. That means affordability will remain the dominant narrative in rental housing in 2024.

Why is the NYC rental market so bad right now? ›

The citywide vacancy rate stands at its lowest since 1968, qualifying as a certified “housing emergency.” The report offers a striking illustration of the shortage: Residential construction has failed to keep pace with demand and low-cost homes in particular have become exceedingly scarce, threatening the ability of ...

Why are NYC apartment buildings on sale now for 50% off? ›

New York City apartments are on sale for 50% off because of tougher rent control. Tenants are cheering, but landlords are losing billions.

What is the best website to look for apartments in NYC? ›

Several trusted websites offer comprehensive listings to help you navigate this journey, including Zillow, Apartments.com, June Homes, uhomes, and StreetEasy.

Is now a good time to buy apartment in NYC? ›

-Mortgage rates have decreased, making it a good time for long-term buyers (5-7 years). -Housing prices in Manhattan hit an 8-year low in Q4 2023, with the median price dropping 9%.

How much can a landlord raise rent in NYC in 2024? ›

For a two-year lease beginning on or after October 1, 2023, and on or before September 30, 2024: For the first year of the lease: 2.75% For the second year of the lease: 3.20% of the amount lawfully charged in the first year, excluding any increases other than the first-year guideline increase.

How much will rent cost in Manhattan in 2024? ›

Rents. The median Manhattan rent was $4,595 per month in April 2024 vs. $4,550 per month in March. Rental prices increased 1% month-over-month and 4% year-over-year.

What percentage of NYC apartments are empty? ›

The official U.S. Census report that found New York City's apartment vacancy rate is a record-low 1.4%.

What is the average rent in Manhattan? ›

Manhattan rentals average $3,600 for a studio rental to $8,995 for a 4-bedroom rental. The median price of all currently available listings is $4,750, or roughly $7 per square feet. For the apartment units and housing in July 2024, median rents have been roughly unchanged over the last year.

Is there really a housing shortage in NYC? ›

With affordable housing vacancy at a historic low, New Yorkers are experiencing a housing crisis. Despite creating nearly 1.2 million jobs in the last decade—only 400,000 units of housing have been built, with this year's rent prices multiplying seven times over actual salaries.

Why are there so many vacant apartments in New York City? ›

Landlords have argued that state rent regulations make the units so unprofitable that they're better off leaving them vacant. Tenant groups have argued that money-hungry owners are starving the city's affordable housing supply while they wait for changes to those regulations.

Why is it so hard to get an apartment in NYC? ›

The competition for rental units in NYC can also be intense, as there are often many people vying for the same apartment. This competition can make it difficult for people to stand out and secure an apartment, especially if they have less favorable rental histories or credit scores.

How to find an apartment in NYC fast? ›

Finding an Apartment
  1. Online. Both brokers and landlords post their available apartments in online databases (such as StreetEasy or Craigslist), sometimes with a fee and sometimes without. ...
  2. Brokers. ...
  3. Networking/Word of Mouth. ...
  4. Walking Around. ...
  5. Housing Offices. ...
  6. Apartment Referral Services. ...
  7. Waiting Lists. ...
  8. Community Groups.

Is it hard to find an apartment in New York? ›

The report, by the NYC Department of Housing Preservation and Development, found just 1.4% of apartments in the city were available to rent in 2023, the lowest since 1968. Less than 1% of vacant apartments were available for less than $2,400 a month, while just 0.39% of apartments under $1,100 were vacant.

How to find a flat to rent in New York? ›

In addition, in New York, many of the best apartments are rented exclusively through brokers. This means that in order to rent such apartments, you must use a broker. As we work with the largest rental agency in the city, you are sure to have access to the largest possible number of listings.

Is NYC rent going up or down? ›

One-bed rentals in NYC increased 18% in February compared with a year earlier, but prices were down nationally, according to a new report. Rents are cooling in most US cities. In New York, they're up double digits.

Is NYC in a housing crisis? ›

With affordable housing vacancy at a historic low, New Yorkers are experiencing a housing crisis. Despite creating nearly 1.2 million jobs in the last decade—only 400,000 units of housing have been built, with this year's rent prices multiplying seven times over actual salaries.

Why is apartment rent so high in New York? ›

Part of the reason rents remain so high is because mortgage rates remain elevated, keeping some people in the rental market rather than buying a home. “The pressure on mortgage rates is still there,” said Miller. “If mortgage rates were to fall suddenly that would take a lot of wind out the sails of rents.”

Are NYC co-op prices dropping? ›

The median sales price for Manhattan co-ops and condos in the first quarter was $1,049,399, representing a drop of 2.4 percent compared to a year ago. (If you look at price trends for co-ops and condos separately, however, they tell a different story: all indicators were up for co-ops but down for condos.)

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