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)

Manhattan rental vacancy hits another all-time high

It may still feel like the worst of times for New York City’s rental market — but months of...

Manhattan rental vacancy hits another all-time high
(iStock)

Manhattan rental vacancy is highest in 14 years

It has been a while since it was this hard for landlords to fill an apartment in New York...

Manhattan rental vacancy is highest in 14 years
Noah Syndergaard and 116 Hudson Street (Getty, Google Maps)

Mets’ Noah Syndergaard sued for abandoning Tribeca penthouse rental

UPDATED, 9:56 a.m. May 26: Mets pitcher Noah Syndergaard can add a lawsuit from his landlord to his list...

Mets’ Noah Syndergaard sued for abandoning Tribeca penthouse rental
Mayor Bill de Blasio (Credit: Roy Rochlin/Getty Images)

Mayor’s tweet on rent payments triggers angry reaction

Sometimes a mayor can’t win. This mayor, anyway. Bill de Blasio managed to upset landlords and tenants alike by...

Mayor’s tweet on rent payments triggers angry reaction
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
A surprise petition for a rent strike appeared online today. New York tenant groups say they don’t support it (Credit: Twitter, iStock)

West Coast pol calls for NY rent strike. Tenant groups say not so fast

A petition calling for a rent strike in New York State was circulated by a candidate for Congress in...

West Coast pol calls for NY rent strike. Tenant groups say not so fast
A growing number of startups and agents are embracing video tours and virtual houses (Credit: iStock)

This weekend’s open house? You’ll have to tune in via livestream

You can forget about having Purell and booties at the door. A growing number of startups and agents are...

This weekend’s open house? You’ll have to tune in via livestream
(Credit: iStock)

Rental concessions are on the decline, but the size of incentives is growing

New York City’s rental market emerged strong from a month in which it was briefly turned on its head...

Rental concessions are on the decline, but the size of incentives is growing
(Credit: iStock)

Residential rents continue upward march in Manhattan, Brooklyn and Queens

As apartment hunters try to figure out what on earth is going on with broker fees, they now have...

Residential rents continue upward march in Manhattan, Brooklyn and Queens
Watch The Real Deal's Erin Hudson explain the breaking broker fee news on CBSN

TRD on TV: Erin Hudson talks broker-fee shocker on CBS

TRD reporter Erin Hudson broke the news Wednesday that New York landlords, not tenants, would be obliged to pay...

TRD on TV: Erin Hudson talks broker-fee shocker on CBS
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