NYC home listings surge, setting February record
With home shopping season around the corner, perhaps sellers are doing a bit of spring cleaning. Last month they...
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
Influencer can escape New York, but not $40K in unpaid rent: lawsuit
Caroline Calloway, the influencer famous for plagiarizing Instagram captions and hosting creative writing workshops derided as “blatant scams,” ginned...
14 unions back good cause eviction. Will it matter?
Last week, 14 labor unions sent a letter to Albany calling on lawmakers to support good cause eviction. The...
February frenzy: Manhattan rents smash records as bidding wars become norm
Forget the winter rental doldrums. Apartment hunting in New York City last month was not for the faint of...
Black NY renters 3x more likely to face eviction than whites: report
It’s been a month and a half since New York’s eviction moratorium ended, and advocates who tried to get...
Rental madness: Bidding wars supercharge NYC market
What would a tenant pay for a 625-square-foot one-bedroom in Greenpoint, two blocks from McCarren Park? With Covid cases...
Is NY’s rent law unconstitutional? Second Circuit to rule
Two lawsuits challenging the constitutionality of rent stabilization in New York went to oral arguments in the Second Circuit...
Manhattan rents are back to pre-pandemic levels after January spike
Rents in New York City approached all-time records last month as inventory grew increasingly scarce. The median rental in...
Tax assessments rise 9%, signaling higher bills for landlords
Tentative property tax assessments for New York City are up, reflecting the city’s recovery. For landlords, however, the gains...
Rents in Manhattan and Queens recover while Brooklyn lags behind
New York City made a rental comeback in December, with Manhattan and Queens leading the resurgence. As rent explodes...