Renting an apartment in New York City is slightly different than in other cities. One of the first things you will notice is the higher cost of living rates and rental rates. It is not uncommon to pay at triple what you pay in other cities for the same amount of space. For instance, you are currently paying $1,400 a month for 900 square feet of living space. The same sized apartment in New York City can easily cost around $4,200 or more depending upon the location within the city. Additionally, if you have a lot of stuff and want to downsize into a smaller apartment, be prepared to find a mini storage NYC company to store excess items.
Next, be cautious of “deals” you might find where the ad uses creative writing in the listings to attract potential renters because it looks like you are getting a discount on the rent. Make sure to visit the apartment and see it first-hand. Do not take a broker’s or leasing agent’s word for it if they contain words, such as:
- Convertible/Additional Bedrooms
- In Need of TLC
In addition, expect to pay a monthly broker’s fee in NYC. While this might seem strange to some people, it is just part of the costs of renting in New York. Take the time to do some research as there are ways to get this fee reduced from around 15% to 10% of your annual rent.
When you are ready to move to NYC, feel free to contact Moves LLC by phoning 212-695-0200.