If you tell a lot of people that you’re moving and looking for affordable apartments in NYC, you’re going to get some funny looks, and some people will even laugh at you. Why? Because “everyone knows” that you can’t find affordable housing in New York, so why even try?
The fact is, yes; you can find affordable apartments in NYC – you just have to know where to look and what to do to get the deal you want. With a few simple tips, you can have a much easier time finding apartments in your price range anywhere in New York.
Know Your Budget
First of all, before you start apartment shopping, you’ll want to take a good, hard look at your finances. You need to know not only what you can spend on your rent each month but also what you’ll be spending on utilities and any other incidental expenses (parking, pet fees, etc.) related to your apartment. If you know what you can spend, then you’ll know what price ranges to look at and which apartments aren’t worth your time.
Figure Out Where You Want to Live
Next, consider where you work, where your friends live, and where you like to hang out after work and on weekends. If you don’t take into account where you spend your time and how much you’ll be spending on commuting, all the affordable apartments in NYC that you find could end up being really bad deals. So figure out which borough you want to live in and which neighborhoods are ideal.
Be Flexible With Your Neighborhoods
Next, while it’s important to know where you want to live, it’s also important to be just a bit flexible. For example, Park Slope is one of the most beautiful and popular neighborhoods in Brooklyn. It also comes with some of the highest rental rates (unless you happen to find a really great deal, which is possible). However, if you look at surrounding neighborhoods, like Greenwood and Clinton Hill, you might find a much more affordable place that’s literally right next door to your “ideal” neighborhood. So be flexible, and you’ll find a lot more affordable apartments in NYC that meet your needs.
Stay Away From Craigslist
Sadly, most Craigslist ads are really misleading, and some are outright scams. Honestly, if you want to find the most affordable apartments in NYC that have quality property management in good neighborhoods, avoid Craigslist like the plague!
Get a Good Broker
In other cities, real estate brokers are reserved for buying and selling properties, but that’s not the case in New York. If you want to get the best deal on an amazing apartment, hire a pro. Your broker will have access to all of the best listings and will help you find something in your price range that will really work for you.
Ask Your Broker About Stale Apartments
When you talk to your broker, go ahead and ask them to show you apartments that have been on the market for a while. The longer an apartment stays vacant, the more the landlord or property management company will be desperate to rent it, and the more likely you are to get a discount. So talk to your broker about apartments that have been on the market for 60 days or more and see if you can exercise your negotiating skills (or get your broker to exercise theirs).
Follow these tips, and you’ll be on your way to finding some of the most affordable apartments in NYC. Then you can move into a place you’ll live at a price you can afford to live with!