If you are
lucky enough to have a nice fat trust fund, then live anywhere you want.
But if you are a young struggling filmmaker, writer or actor, and want to
live on Manhattan Island, then you are going to more than likely find your
first apartment in one of these neighborhoods:
Inwood- The uppermost neighborhood at the northern tip of Manhattan,
Inwood is a family-centric area whose main attractions include affordable
rent and Inwood Hill Park, which has athletic fields and a barbecue
area. It's a 40 minute commute to midtown, though. As of October 2024, the average rent for an apartment in Inwood, New York City is $1,688 per month. This is 8% higher than the national average rent of $1,557 per month.
Washington Heights- adjacent to Inwood, just north of the George Washington Bridge, the neighborhood's community feel and plainspoken demeanor make up for the long commute distance to midtown. Above 110th Street (which 20 years ago was not safe to go to, but now is perfectly fine). As of July 2024, the average rent for an apartment in Washington Heights, Manhattan, New York City is $2,612.
Yorkville- On the far east side of the island between 79th and 96th
Streets. If
you're set on Manhattan, this is one of the cheaper areas; new restaurants and
shops are opening regularly; it's safe and quiet (except for the subway
construction noise). To outsiders, the Upper East Side has a posh and
pricey reputation. But head east from the grand co-ops of Park Avenue and
you'll find Yorkville, a micro-neighborhood east of Third Avenue between East
79th and East 96th Streets, that's
one of the more affordable in Manhattan. The average rent in Yorkville is $820 per month, with a one-bedroom apartment costing around $820 and a two-bedroom apartment costing around $903
Harlem- Yep, Harlem. A few decades ago, this was not exactly an option
for most. But Bill Clinton put his post-presidency offices in Harlem, and ever since the
neighborhood has been going up in all areas, safety, nightlife, social
activities...and yes rent prices, but in West Harlem you can still find 2 and
even sometimes 3 bedrooms for ent. As of July 2024, the average monthly rent for an apartment in Harlem, Manhattan is $3,444. However, the cost of rent can vary depending on the size of the apartment and the location. The further north you go,
the cheaper they get. Harlem runs from 110th Street north to the Harlem
River. Some parts are safer than others.
East Village- It was called "Alphabet City" when I moved therein the early
90's, and you took your life in your hands east of Avenue B, but now it's been
renovated, gentrified and "suped" up into a hip, eclectic downtown enclave.
You'll pay a chunk of change for the Manhattan charm- The average monthly rent for an apartment in the East Village, Manhattan, NY is around $4,937. However, the cost of an apartment in the East Village can vary depending on the number of bedrooms- but you get amazing art and nightlife all around you...and Thompkins
Square Park to boot. The East Village runs from The Bowery (4th Avenue)
east to the East River and from Houston St. north to 14th Street.
Lower East Side (LES)- directly south, adjacent to the East Village is what is
known as the Lower East Side. This was where immigrants at the turn of
the century all congregated- Irish, Jewish, Italian, Chinese...and their
influences and culture are still around. Like the East village it runs from the Bowery east to the river, and from Canal Street north to Houston St. This is where Chinatown, Little
Italy are. But it is also where the artists moved when the East village
got to expensive, and they made it hip, and then hotels and restaurants
followed, and now while still edgy-ish, it is livable for young people. But it's not cheap. As of July 2024, the average monthly rent for an apartment in the Lower East Side of Manhattan, New York City is $5,429
Bedford-Stuyvesant- "Bed-Stuy" (bordered by Bushwick to the north and Clinton Hill to the south) is often talked about for the skyrocketing sale prices of its signature brownstones. But it has become a hugely popular option for renters too, due to its many local wine bars, cafes and eateries. The average monthly rental price for a studio apartment in Bedford-Stuyvesant, Brooklyn, New York is $3,335 as of July 2024
Bushwick- Another Brooklyn spot with high inventory and relatively low asking rent. It has Williamsburg to the west and the Queens neighborhood of Ridgewood to the north. Known as an artist's enclave, with some fairly awesome coffee shoppes and bars, Bushwick has become a destination for newly arrived artist types. The +'s are the large population of creative young people living there and the good subway access to the J,M,Z and L lines, and you can still find renovated three bedrooms to rent. The average monthly rent for an apartment in Bushwick, Brooklyn is $3,634, which is higher than the national average of $1,739. The average monthly cost for a one-bedroom apartment in Bushwick is around $2,000. The -'s are that there's a bit of a high crime problem. But if you are broke then you have nothing to steal right?
Gowanus- It's prices are starting to get up there but have not hit DUMBO prices just yet. Glamorous it is not- it shares a name with the toxic canal that runs through it (designated a Superfund site) but don't write it off just yet. It is undoubtedly one of Brooklyn's up-and-coming neighborhoods, but has managed to maintain its character--think unused warehouses, an elevated subway track and old factory signs--"within spitting distance of Park Slope and a massive Whole Foods, so yuppies can't be far behind. The average rent for an apartment in Gowanus, Brooklyn, New York is around $4,265 per month, which is almost double the average rent for a one-bedroom apartment in Brooklyn as a whole.
Jackson Heights- As a whole Jackson Heights in Queens is a vibrant community with decent schools, good inexpensive places to eat and lots of transportation options. But it is the rental apartments in the historic "garden" district- a planned community for middle-upper class residents in the early 1900's (and where the term "garden apartment" was invented)- that draw people of all economic classes to he neighborhood. The commute to Manhattan is not too bad, as the 7 train runs right through the neighborhood and can get you to midtown in less than an hour. The E,V,F and R trains are also close by. As of October 2024, the average rent in Jackson Heights, New York is $1,990 per month.

THE PRICIEST (AND CHEAPEST) NYC NEIGHBORHOODS FOR RENTERS






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