National rent reports have predicted that a plateau is in sight after the chaos the rental market experienced in 2020, and recent CityRealty listings would appear to confirm that: As of this writing, the median Manhattan rent in all building types comes in at $3,045/month, flat when compared to the second week of February 2021. However, the inventory of publicly listed apartments declined by 800 apartments to 11,160 availabilities over the same time period.
Many have predicted that we will see both leasing activity and prices further pick up once spring arrives, more people are vaccinated, and the city starts to reopen further. Indeed, a recent report found that Manhattan saw its highest number of new leases in February 2021 since tracking started in 2008. However, rents remain lower than they were last year and are not expected to tick up overnight. A full, sortable chart of recently reduced rental listings may be found below, and we take a look at apartments that come in at or close to their neighborhood's median rent.
Many have predicted that we will see both leasing activity and prices further pick up once spring arrives, more people are vaccinated, and the city starts to reopen further. Indeed, a recent report found that Manhattan saw its highest number of new leases in February 2021 since tracking started in 2008. However, rents remain lower than they were last year and are not expected to tick up overnight. A full, sortable chart of recently reduced rental listings may be found below, and we take a look at apartments that come in at or close to their neighborhood's median rent.
In this article:
All images of The Mayfair via Douglas Elliman
From the Listing: Converted into luxury condominiums from the famed Mayfair Hotel, the property has maintained every ounce of historic value and pre-war design for its residences. The apartment offers a spacious living and dining combination. Large windows facing north in every room offer fantastic views of a tree lined street combined with majestic homes. The fully equipped kitchen has two ovens with marble countertops. In addition, two marble baths, a primary suite with excellent walk in closet, a washer / dryer, and cherrywood floors adds a warm welcome. See floor plan and full details here.
All images of Soho Court via OMG Marketing
From the Listing: Stunning eastern facing 2bd/2bth with real wood burning fireplace, island bar kitchen and massive bedrooms. Stainless steel appliances in kitchen. Living room and bedroom both with excellent closet space. Soho Court is a post-war elevator building with fitness center, laundry, courtyard, and in-house Resident Manager.
See floor plan and full details here.
All images of Independence Plaza via Stellar Management
From the Listing:
Lovely 2 bedroom, 2 bath apartment with hardwood floors, espresso shaker cabinets, modern bathroom, Caesarstone blizzard counter-tops, stainless steel appliances, and much more!
See floor plan and full details here.
All images of 55 Thompson Street via OMG Marketing
From the Listing: Stunning one-bedroom, one-and-a-half bath home with tranquil and sunny eastern exposure. The flowing and expansive great room features ten foot ceilings, wall of windows, and limed four inch solid white oak floors. The kitchen features wood paneled built-in Sub-Zero refrigerator, a 30 inch stainless steel Bertazzoni gas range, a Bosch stainless steel dishwasher, and an LG stainless steel microwave oven. This first-class boutique building features 24-hour doorman, gym, sun deck, roof deck, high speed elevators, inviting magnificent lobby, laundry, and concierge services.
See floor plan and full details here.
All images of Bank of the Metropolis Building via Triumph Property Group
From the Listing: NET EFFECTIVE PRICE ADVERTISED AFTER 2 MONTHS FREE ON A 14 MONTH LEASE. GROSS RENT IS $6,750. Rarely available and one of a kind, over sized, one bedroom loft with floor to ceiling windows, 1.5 baths, king sized bedroom, tons of closet/storage space. Open kitchen with breakfast bar, high ceilings, stunning south exposure with open views including partial Union Sq Park view and laundry room in the unit. Landmark building with 24-hour attended lobby & live in super. Pets OK. See floor plan and full details here.
All images of 65 Washington Street via Two Trees Management
From the listing: * Listed rent is net effective, based on a gross rent of $4,895 and 1 Month Free. Gracious 1 bedroom, 2 bath home with a home office that could comfortably function as a second bedroom is located in the heart of DUMBO. The large and bright living room has two Juliet balconies. The island kitchen is open to the living room, perfect for cooking and entertaining. Don’t miss out on this versatile, spacious and bright home! See floor plan and full details here.
All images of Stonehenge 70 via OMG Marketing
From the Listing: Spacious two bedroom home with beautiful condo finishes.
Stonehenge Access - Agent-guided, self-guided and virtual tours available.
Contact us to learn about our other incentives such as Citi Bike Memberships and $500 Amex gift cards for students and new grads!
Direct deals, new residents only. See floor plan and full details here.
All images of 101W15 via OMG Marketing
From the Listing: Top-floor with interior views, this west-facing one-bedroom home features a walk-in closet, in-home washer & dryer, and balcony.
See floor plan and full details here.
All images of The Sutton Collection via Rose Associates
From the Listing: * Net Effective Rent. Huge one bedroom features has a separate foyer area that could be used for an at-office space, fireplace, large living room, spacious bedroom that could fit a king size bed, windowed gourmet kitchen with granite counter tops, stainless steel full size appliances, en-suite bath with a gorgeous marble glass shower, multiple closets, and wooden floors throughout. Electricity is included. See floor plan and full details here.
All images of Riverwalk Landing via Compass
From the Listing: High floor spacious alcove studio in beautiful and relaxing Roosevelt Island with abundant parklands, lush gardens, and the scenic waterfront esplanade. This wonderful home has oversized windows with fantastic river views, Manhattan views, Queensboro bridge views. Located in one of the best luxury buildings on the island, managed by Related, with gym, rooftop, lounge chairs, club room, large screen TV, BBQ and much more. Washer/Dryer in the unit.
See floor plan and full details here.
All images of 600 Washington Street via Equity Residential
From the Listing: Surrounded by cobblestone streets, Michelin rated restaurants, and the picturesque West Village, 600 Washington Apartments bestows a one-of-a-kind residential living experience. Apartment homes are newly renovated and this community is one of the newest residential buildings constructed in more than a decade. Art, culture and entertainment are abundant here. See floor plan and full details here.
All images of Gateway via Rentals Manager
From the Listing: * Net Effective Rent. Stunning Alcove studio with updated Kitchen and North facing river views!Only a few blocks from the Financial District and Tribeca, Gateway is home to 36 acres of parks and green space and many outdoor activities. The NO FEE apartments feature breathtaking views of downtown Manhattan, New York Harbor, and Ellis Island; and are steps away from chic cafes, restaurants and boutiques. Amenities include health club and outdoor swimming pool, roof deck, laundry rooms, and 24-hour doorman. See floor plan and full details here.
All images of 280 Mulberry Street via Spire Group Inc.
From the Listing: Fabulous 2BR/1BA in the heart of Nolita! Steps from B/D/F/M trains on Broadway-Lafayette and walking distance to NYU, SoHo, Lower East Side, West Village and the best living downtown NYC has to offer! Exposed brick! Stainless steel appliances! Great share! Meticulously maintained building! Both bedrooms will fit queen size beds and furniture and have closets! Guarantors OK, Students OK, Pets OK with landlords approval! Bright and cheerful! Just two flights up! See floor plan and full details here.
All images of 95 Wall Street via UDR
From the Listing: 95 Wall offers sophisticated amenities and luxury apartments in New York City. Located in Manhattan's Financial District, enjoy the convenience of on-site amenities and premier resident services including concierge and valet. Enjoy breathtaking views from the rooftop lounge and take advantage of our fitness center and outdoor basketball court. These Wall Street apartments feature thoughtful finishes like hardwood flooring, custom countertops with backsplash, a top-of-the-line cook top, convection oven, and refrigerator. Enjoy expansive windows with custom shades as well as the convenience of an in-home washer and dryer. See floor plan and full details here.
All images of West Side Marquis via Rentals Manager
From the Listing: * Net Effective Rent. Brand new 2 bedroom with huge kitchen island, W/D in the unit + open kitchen.First 2 months are free! See floor plan and full details here.
All images of 177 Thompson Street via Jonis Realty
From the Listing: Price reduced! One of a kind stylish one bedroom, one bath in the heart of hip Greenwich Village. Just one flight up in a pre war co-op building. Swift board approval. The charming living room has gorgeous hardwood floors, high ceilings, exposed brick and wood beams, and plentiful natural light from east-facing windows. The newly renovated kitchen has Carrara marble countertops, Miele cooktop, Frigidaire refrigerator and GE dishwasher, and the brand new bathroom has subway tile, and a luxurious claw foot tub. All utilities included: cable, internet, gas electric and water. Sorry, no pets. See floor plan and full details here.
Floor plan via Douglas Elliman
From the Listing: Offering 3 months on a 18 month lease! The Lower East Side has been continuously evolving since its pushcart past to the progressive culture today. The evolution continues with The Essex, the newest addition from the highly-anticipated Essex Crossing development and one of the tallest buildings in the LES offering outstanding views, astounding amenities, and ground floor retail including a 14 screen Regal Cinemas, The Market Line, and Essex Market. See floor plan and full details here.
All images of Longacre House via Equity Residential
From the Listing: Interiors are finished in beautiful maple cabinets, granite counters, stainless steel appliances and floor to ceiling windows that grant you incredible views of the skyline. Head to the fitness center or relax on the outdoor terrace. Located close to Times Square and the Theatre District, residents have endless options for shopping, dining and entertainment. Several subway lines are also right outside. See floor plan and full details here.
All images of The Paris New York via Stellar Management
From the Listing: On the 17th Floor with North/West Exposure, Unit #17F is a renovated unit that features a beautifully well-lighted, massive (811+ Sqft) 1 bedroom and living room that can easily be converted to 2 bedrooms. The apartment has a separate dining area with plenty of counter/storage space and an open kitchen with full size stainless appliances and dishwasher. It is less than a block from the local 1 and express 2/3 trains at 96th St, and 4 blocks from the B/C trains.
See floor plan and full details here.
All images of 321 East 54th Street via Sotheby's
From the Listing: This classic, one-bedroom, south-facing apartment is dripping in pre-war details and features high, beamed ceilings, a renovated eat-in kitchen and a tranquil bedroom. 321 East 54th Street is an adorned boutique building with a canopied entrance on a tree-lined street. The building offers a super in residence, a part-time doorman from 3PM to 11PM, a roof deck and a laundry room. No dogs. See floor plan and full details here.
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