How Can I Rent An Apartment In NYC Without A Broker?

Where can I find affordable apartments in NYC?

How to find a cheap apartment in NYCMake direct contact.

The easiest way to save money is to avoid paying a broker’s fee.

Look at bigger apartment buildings.

Face something ugly.

Buy earplugs.

Wait until May.

In fact, wait until winter.

Throw in a little elbow grease.

Find a low-key neighborhood.More items…•.

Where should I live in NYC?

Consider these five neighborhoods – some of the best places to live in Manhattan – depending on your lifestyle, budget, and interests.Upper West Side. … Lenox Hill on the Upper East. … Washington Heights. … Battery Park City. … Gramercy Park. … 6 Reasons Why New Yorkers Love Self Storage. … 5 of the Best Neighborhoods in Brooklyn.More items…

Do I need a broker to rent an apartment in NYC?

Fee-Based Apartments in NYC Unless a rental listing is classified as ‘“no-fee”, it usually carries a broker’s fee. Broker fees are incurred by rental listings where a landlord or property manager has hired a broker to market their listing and choose the best tenant.

Can you rent an apartment without income?

You can still be financially comfortable and able to handle the monthly costs of renting an apartment without an income. If you’ve saved up enough to not work, or built up a cushion while you look for work, supply proof of funds by sharing a bank statement when you’re filling out a rental application.

What salary do you need to live in NYC?

Total: $2,524.50 per month. That’s $30,294 per year after taxes, which means that to live a reasonably comfortable life in New York City, a single person would need to make a salary of roughly $40,000 per year. This is a comfortable (though far from indulgent) budget.

Why are brokers fees so high?

Why are broker fees so high? Almost all brokers are independent contractors, meaning they don’t have a salary and their broker’s fee is the only money they make when they rent an apartment.

Can you live in NYC on 70k a year?

Yes, definitely. Both Manhattan, depending on neighborhood, and most parts of Brooklyn. When I first moved to NY, I was only making $45k and I lived in Brooklyn. … At 70k, you can afford up to $1750 per month in rent (most places in NY require you to make 40 times the rent amount).

How do apartments verify income?

Landlords will probably ask you to list your employer’s contact information so they can verify your income and date of hire. They might also run a credit check to gain insight into your financial health. Some landlords work with outside organizations to run employment checks and verify income.

Why do apartments Take your ID?

First, it’s for the safety and security of the leasing agent. … Secondly, it is provides proof that the leasing office is complying with fair housing laws. If they take an ID from one person, they have to take it from everyone who walks through the front door, regardless of age, color of skin, or gender.

Can a 16 year old get a apartment?

Since minors can’t make legally binding contracts, landlords usually require the applicant to find an adult, usually his parent or guardian, to co-sign the rental agreement. … Underage college students renting an apartment off-campus may have their parents sign the rental agreement and even pay their rent.

Can you rent an apartment without a driver’s license?

The landlord will require you to verify your identity on your rental application, so make sure to bring your driver’s license. If you do not have a driver’s license then you will need another form of photo identification, such as a passport, military ID or state-issued ID.

Who pays broker fee in NYC?

First of all, what is a broker’s fee, and why do I have to pay it? A broker’s fee is, essentially, a commission: Real estate agents who connect landlords and prospective tenants have, historically, then charged those renters anywhere from 12 to 15 percent of one year’s rent.

What is a normal broker fee?

A broker commission fee is the dollar amount renters owe when a broker helps them find an apartment. Typically, the fee ranges from eight percent to fifteen percent of the cost of the entire year’s lease. Pro tip: The cost of the entire year’s rent is the monthly rent times 12 (months.)

Can you live in NYC on 50k a year?

“I definitely think you can live comfortably on a salary of $50,000, even in New York City,” says Haskins. “It’s an expensive city, but I think if you know where your money is going and you recognize what your priorities are, it’s totally doable.”

Is 80k a good salary in NYC?

You can do quite well in NYC with 80k/year depending. If you’re sharing an apartment you’ll have a lot more buying power, but 80k won’t put you in the lap of luxury. … If you’re sharing an apartment you’ll have a lot more buying power, but 80k won’t put you in the lap of luxury.

Do fake pay stubs work for apartments?

Pay stubs are an easy way for renters to show how much they received in recent paychecks; however, they are also easy for renters to forge. Look for perfectly rounded numbers, alignment issues, and the use of O’s instead of 0’s when attempting to spot a fake pay stub.

What is the best site to find apartments in NYC?

The 6 Best Apartment Rental Websites In NYC (Tip #23)#1 Frēlē (Frele.com)#2 Leasebreak (Leasebreak.com)#3 Craigslist (Craigslist.org)#4 RentHop (Renthop.com)#5 Naked Apartments (Nakedapartments.com)#6 StreetEasy (StreetEasy.com)

Why do apartments want you to make 3 times the rent?

This is because they want to ensure, as a matter of policy, that their tenants have sufficient income to pay the rent. … It’s really not for the landlord to decide how much of an applicant’s income should be paid in rent, or how high their income should be in order for the applicant to comfortably afford the apartment.

What is the cheapest place to live in NYC?

The 10 Most Affordable Neighborhoods in NYCRankNeighborhoodBoroughRankNeighborhoodBorough1ParkchesterBronx2HammelsQueens3Port IvoryStaten Island7 more rows•Oct 25, 2019

How do I avoid broker fees in NYC?

Here are three ways to avoid paying unnecessary fees.Use sites with no-fee listings. You can search for no-fee apartment listings on sites like RentHop, Loftey, Transparentcity, CityRealty, Naked Apartments, LeaseBreak and StreetEasy. … Look for ‘rent by owner’ listings. … Negotiate, negotiate, negotiate.

How much money do you need to get an apartment?

A popular rule of thumb says your income should be around 3 times your rent. So, if you’re looking for a place that costs $1,000 per month, you may need to earn at least $3,000 per month. Many apartment complexes and landlords do follow this rule, so it makes sense to focus only on rentals you’re likely to qualify for.