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 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, 2019—Venture capital-backed Nestio is automating the rental application process through its new platform, “Funnel by Nestio.”
July 11, 2019—Douglas Elliman and Citi Habitats’ June rental report shows strengthening market in outer boroughs.
The Latest
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...
Jobs outpaced housing, pushing prices up: report
New York City built just 19 housing units for every 100 new jobs from 2010 to 2018, a new...
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 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 is highest in 14 years
It has been a while since it was this hard for landlords to fill an apartment in New York...
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...
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...
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...
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...