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414 West 49th Street (harlington Relaty) 414 West 49th Street (harlington Relaty)
New York rents have garnered attention for their stratospheric prices, as summed up by the Rent is Too Damn High Party's formation in 2005. But between a surge in vacancies (now slowly falling and at 20,080 availabilities as of today, per CityRealty listings) and would-be residents changing their priorities in the wake of the pandemic, the median asking rent for Manhattan apartments dropped below $3,000/month for the first time since 2011 (the median stands at $2,951/month according to our listings). The economic fallout and job losses from the pandemic plays a large role, as do still-unopened offices that may have inspired a few to move outside of core New York areas.

From November 3 -10, approximately 1,900 rental listings throughout the city's central areas experienced price reductions. We take a look at listings that now come in below $2,000/month. Please note that all figured quoted below reflect cumulative cuts as opposed to the most recent reductions and many have concessions baked into their marketed rent.

In this article:

Morgan Park Condominium, 30 East 37th Street
Morgan Park Condominium, 30 East 37th Street Murray Hill
453 West 22nd Street
453 West 22nd Street Chelsea
24 Thayer Street
24 Thayer Street Washington Heights
900 Riverside Drive
900 Riverside Drive Washington Heights
310 West 49th Street
310 West 49th Street Midtown West

No broker fee! Live in this gorgeous 2BR apartment on the UES! This unit offers excellent features such as an open-concept gourmet kitchen with custom cabinetry, stainless steel appliances, including a dishwasher. Queen size bedrooms with closets. Great views. High ceilings and hardwood floors throughout. Free pick-up laundry service up to 20 lbs per week. See floor plan and full details here.

Morgan Park Condominium Morgan Park Condominium (Martini Real Estate)
FURNISHED UNIT - 1 YEAR MINIMUM TERM For a 3D Tour please visit: renovated and fully furnished 1 Bedroom. This is the best you can get in Murray Hill. Steps away from everything, this north facing unit is a one of a kind with great views and fantastic light. Perfect Pied-a-terre 30 East 37th Street is a full service condo with a 24 hour doorman and a live in resident manager. See floor plan and full details here.

A Home at Addison Hall - An updated oversized studio in the heart of Columbus Circle with access to the Park, all subways, and offering full service from the building staff. This large studio offers ample space and a clean layout for a proper living room, dining area, sleeping nook, and cooking from a chef's kitchen. 24 hour doorman, live in super, laundry room and bike room. See floor plan and full details here.

Prime Upper East location..81st Street and 2nd Avenue. Sundrenched one bedroom featuring large living/dining room, separate kitchen with skylight, full dishwasher, fridge and a gas stove. Abundant closet space, high ceilings, hardwood floors and a bathroom with tub/shower.

Right near the Q train and close to the 4 5 6 trains, M15 & M86 buses, Fairway Market, WholeFoods, and great dining options! See floor plan and full details here.

NO-FEE! Move-in immediately and enjoy the rest of November 2020 rent-free. True 1 bedroom on the Upper East Side conveniently located between 2nd & 3rd Avenue. Entering the apartment, you are welcomed by a spacious living room with high ceilings that has south-facing windows and is sun-splashed throughout the entire day. The gracious living room can be configured to include a home office or dining area. Off the kitchen there is a king-sized bedroom that accommodates a full bedroom suit including dressers, nightstands, and desk. See floor plan and full details here.

1890-Lexington-Avenue-01 The Parker at Lexington Avenue via The Corcoran Group
Recently renovated, this comfortable home features open living spaces and ample and similarly sized bedrooms, copious large windows, abundant closet / storage space, and new stainless steel kitchen appliances. Amenities include full-time attended lobby, high-speed Internet, Amazon package lockers, and a serene study space. Located conveniently between the 116th Street and 125th Street / Lexington Avenue 4, 5 & 6 Trains as well as minutes to the Metro North Station at 125th Street / Park Avenue, this fantastic value is perfectly situated for easy access to Harlem's award-winning nightlife, dining and cultural attractions as well as offering close proximity to the East River Waterfront and Central Park. See floor plan and full details here.

310-West-49th-Street-01 310 West 49th Street via MNS
This is a recently updated 2-bedroom/1-bath in the heart of Hell's Kitchen, featuring an open kitchen and living room. The unit boasts modern conveniences including a dishwasher, in-unit washer/dryer, and phone-integrated intercom. It is located in a well-maintained building, just steps from the A, C, E subway lines and convenient to all the shopping and transportation of Times Square / 42nd Street! The price is net effective to reflect three months free rent on a 10-month term. See floor plan and full details here.

 Woodstock Tower, 320 East 42nd Street, #1607 $1,500 | Studio, 1 bath Woodstock Tower, 320 East 42nd Street, #1607 via Compass
This centrally located apartment features spacious living room, large entrance foyer and a queen-sized bedroom. Large windows fill the home with excellent natural light. There is laundry in the basement of the building, which is close to Hell's Kitchen shops, bars, and restaurants. See floor plan and full details here.

208-East-84th-Street-01 208 East 84th Street via Douglas Elliman
NO FEE! Charming one-bedroom home available on the Upper East Side at 208 East 84th Street. 5D is a well-maintained and move-in ready apartment with newly refinished floors and freshly painted. Located on the top floor of this walk-up cooperative building, the home features a large kitchen with upgraded appliances including a DISHWASHER!. There is no shortage of comfort with ample space in the living room as well as a bright, well-proportioned bedroom. See floor plan and full details here.

Revetment House Revetment House interior
Net-effective price listed. Limited Time Offer: 1-2 Free Months on Select Vacant Ready UnitsSee floor plan and full details here.

51-Irving-Place-01 51 Irving Place via Douglas Elliman
Spacious prewar oversized one-bedroom boasts southern natural light, high ceilings, and wood floors. The separate kitchen has large windows and generous counter space. The price is net effective to reflect one month and three weeks free rent. See floor plan and full details here.

225-West-16th-Street-01 225 West 16th Street via The Corcoran Group
Stunning apartment features exposed brick walls, high ceilings, full-sized kitchen, windowed bath, and generous closet space. Residential amenities include video surveillance and intercom. The building is in a prime Chelsea neighborhood near top museums, stores, restaurants, and the 1/2/3, A/C/E/L, and F/M trains. See floor plan and full details here.

414 West 49th Street 414 West 49th Street, #5B via Harlington Realty
No broker fee! The perfect 1BR in one of NYC ’s fav neighborhoods! Make this renovated 1BR in the heart of Hell’s kitchen your new home. Gourmet kitchen equipped with custom cabinetry plus stainless steel appliances. Queen size bedroom. High ceilings and hardwood floors throughout. Heat & hot water included. Free pick-up laundry service up to 20 lbs. per weekSee floor plan and full details here.

453-West-22nd-Street-01 452 West 22nd Street via The Corcoran Group
Peaceful, newly renovated apartment boasts original classic moldings, 11' ceilings, gleaming hardwood floors, and large windows that faces north with a great view. The building has a voice intercom, on-site superintendent, and a laundry room. It is on a tree-lined street in Chelsea's prime High Line neighborhood. See floor plan and full details here.

116-Stanton-Street-01 116 Stanton Street via R New York
Beautifully renovated third-floor apartment is filled with light from southern exposure. Both bedrooms enjoys south-facing views and generous proportions. The building is in the heart of the Lower East Side near the F, J, and Z trains. The price is net effective to reflect one month free rent on a 12-month lease. See floor plan and full details here.

24-Thayer-Street-01 24 Thayer Street via Compass
Gut-renovated apartment in Upper Manhattan boasts incredible light, large living area, king- and queen-sized bedrooms, generous closet space, and new bath. The kitchen is outfitted with white granite countertops and stainless steel appliances, including a built-in microwave. A live-in superintendent is on staff, and the price is net effective to reflect two months free rent. See floor plan and full details here.

300-East-33rd-Street-01 Kips Bay Towers via Douglas Elliman
Alcove studio in an I.M. Pei-designed building boasts nearly floor-to-ceiling windows, city views and an abundance of natural light. Throughout the residence there are numerous closets which provide ample storage, and beautiful walnut color hardwood floors. The separated kitchen also provides plenty of cabinet and counter space. See floor plan and full details here.

264-West-21st-Street-01 30-03 47th Street, #3F via Corcoran
North-facing studio boasts efficient layout, 10' ceilings, separate kitchen, and extensive closet space. A lofted area can fit a queen-size bed or be used as storage space. The building is in the heart of Chelsea near the High Line, Chelsea Market, Trader Joe's, CitiBike, and the 1/A/C/E trains. See floor plan and full details here.

45-Tudor-City-Place-01 Prospect Tower via Compass
Tenth-floor studio features an updated kitchen with silent closing cabinets, a summit ceramic two-burner cooktop, stainless steel appliances, and custom granite countertops. The bathroom was recently renovated with contemporary frameless swing door medicine cabinet, pedestal sink, and subway tiles. The building offers 24-hour doorman service, bike room, access to a neighboring fitness center, and a roof deck with Chrysler Building and skyline views. See floor plan and full details here.