NYC Rental Market

New York’s rental market is a sector of the residential market that covers temporarily rented apartments, condos, or houses. New York is often thought of as a renter’s city, with a high proportion of residents renting rather than owning their homes.

NYC Rental Market Q&A

What properties are rented in the NYC rental market?
All types of residential properties can fall into the rental market. New Yorkers rent basement apartments, luxury condos, historic townhouses, and even detached homes. Some buildings are entirely rentals; others are mixed renting and owning. Some New Yorkers rent entire apartments or homes for themselves and others share with roommates or family members. New Yorkers participating in the rental market also include landlords and property owners, who are responsible for maintaining buildings and make profit off of their residential holdings.
Want to know more about the NYC rental market?
Check out our Top Stories below for TRD's most up-to-date coverage of NYC's rental market.

NYC Rental Market Top Stories

August 1, 2019Venture capital-backed Nestio is automating the rental application process through its new platform, “Funnel by Nestio.”
July 16, 2019The complaint alleges the rent law violates the U.S. Constitution
July 11, 2019Douglas Elliman and Citi Habitats’ June rental report shows strengthening market in outer boroughs.

The Latest

(Getty, iStock)

NYC rents continue to drop, and landlords are feeling the crunch

UPDATED, Oct.16 2020, 10 a.m.: Rents across the city continued their downward slide in September, and hundreds of frustrated...

NYC rents continue to drop, and landlords are feeling the crunch
StreetEasy GM Caroline Burton (iStock, Linkedin)

Zillow to shutter Naked Apartments

Rental listings site Naked Apartments will go dark later this month as Zillow sends apartment seekers to StreetEasy instead. Starting Oct. 28, apartment seekers who visit Naked Apartments in search of a New York...

Zillow to shutter Naked Apartments
(iStock)

Manhattan vacancy hits new peak; Brooklyn stable

As leasing activity resumed in the city and inventories swelled, the vacancy rate in Manhattan’s rental market hit an...

Manhattan vacancy hits new peak; Brooklyn stable
NYCHA CEO Gregory Russ and NYCHA houses (Credit: Minneapolis Public Housing Authority, Spencer Platt/Getty Images)

NYCHA tenants with zero income pay zero rent

New York City Housing Authority tenants have many problems to deal with, but paying the rent if they lose...

NYCHA tenants with zero income pay zero rent

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