February 18, 2016
Last week we took a look at the lowest priced studio condominiums in Manhattan and northern Brooklyn. Now, here's a glance at the lowest priced rental studio units currently on the market. More than 60 percent of city-dwellers are renters—that's more than double the national average. And with the rental vacancy rate hovering around three percent, it's no surprise NYC is among the most expensive places to rent in the country.
The most affordable neighborhood in Manhattan or northern Brooklyn to find a studio rental apartment is Bedford-Stuyvesant, where the median rent is $1,422 per month. Bed-Stuy is then closely followed by Crown Heights and Harlem, with median rents of $1,550 per month. The most expensive neighborhoods to rent in are NoLiTa ($3,848), the Lower East Side ($3,489), and TriBeCa ($3,465). Below you'll find a list of ten of the best individual studio deals on the market right now, and a map showing the studios priced farthest below their neighborhood medians. But move fast because these deals tend to disappear very quickly!
See it all here