A new report lists the five neighborhoods where New Yorkers looking to save money can get the best deals on rent.
"What we are seeing is that the share of rentals offering discounts on asking rents is going up," said Kenny Lee, an Economist with StreetEasy.You're spending nearly $20,000 more a year to rent an apartment in New York City than someone splitting the rent with a roommate or significant other.
StreetEasy says those five neighborhoods are where the greatest number of apartments have lower rent prices since listing the apartments on the realtor's website. "One in 5 rental listings that were on the market in January offered discounts. Also, 15% of listings offer at least 1 month of free rent in Manhattan and that's a bit of improvement from last year," Lee said.
Despite some rental discounts, StreetEasy says the current median one-bedroom rental is about four thousand dollars.
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