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

NYC home listings surge, setting February record

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 home listings surge, setting February record
 Caroline Calloway with 205 West 15th Street (Instagram, Google Maps)

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...

Influencer can escape New York, but not $40K in unpaid rent: lawsuit
(L-R) 1199 SEIU United Healthcare Workers East president George Gresham, Senate Majority Leader Andrea Stewart-Cousins, Assembly Speaker Carl Heastie, Gov. Kathy Hochul, and RSA president James Whelen (1199SEIU, NY State Senate, Heastie for NY, Getty, Wikipedia)

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...

14 unions back good cause eviction. Will it matter?
(iStock/Illustration by Kevin Rebong for The Real Deal)

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...

Rental madness: Bidding wars supercharge NYC market
Is NY’s rent law unconstitutional? Second Circuit to rule

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...

Is NY’s rent law unconstitutional? Second Circuit to rule
Tax assessments rise 9%, signaling higher bills for landlords

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...

Tax assessments rise 9%, signaling higher bills for landlords

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