5 Steps to Renting An Apartment in NYC

daynawalliseu May 20, 2020July 15, 2022 student housing

Are you looking to rent an apartment in NYC? Is it your first time? You are in the right place! Because there is so much to it, renting an apartment in NYC can be confusing, especially if you don’t have any prior experience. In this post, we will talk about 5 steps to successfully renting an apartment in NYC to clear things up a bit-

1. Have Your Paperwork Ready – A lot of apartment seekers don’t get their paperwork ready until they have found an apartment that they are really interested in. While you might be able to get away with this, you are highly recommended to get everything together because there is nothing more annoying than losing a good apartment just because you didn’t have a document ready. Keep in mind that each management and building has its own rules, so always check with your broker and/or the management to see what the exact requirements are.

2. Understand What is Important About Your New Apartment – Following are some questions you may want to ask yourself before starting to search for an apartment in NYC:

When do you need to move by? Do you have any flexibility?
How much are you willing and able to spend?
What should be the location/neighborhood? Is it near to your college/university? (In case you are looking for student housing in NYC)
What amenities do you need in the apartment/building?
Do you need the building to allow walls or partitions? (It is not uncommon to see one person living in a one-bedroom apartment in New York City)

3. Start Searching for the Apartment – Once you are ready all the necessary documents and figured out what exactly you want for your apartment, it’s time for you to start searching for the apartment. If you travel a lot, a furnished apartment will make more sense for you. There are some of the most reputable websites out there that help you find the perfect temporary home. They provide you instant access to several apartments available for short-term lease in NYC that you can browse and take your pick. There are apartments available for as low as $1000 per month to $15,000 per month. Depending on how much you are willing to spend, you can choose an apartment that best suits your requirement.

4. Speak to a Broker – Once you find yourself interested in an apartment, the next step is to speak to a broker. Brokers are professionals in this area. They understand the real estate market very well and know what it takes to get their clients approved for an apartment, especially in areas where they offer their services. Apart from handling your paperwork, they can also provide you deep insights into a property or a neighborhood. Ask as many questions you want before you move forward with your application.

5. Submit Your Application for Renting the Apartment – Some apartment providers give you applications for rentals in person while others require you to fill out an online form. Whatever the case, make sure you fill out the application and submit all necessary documents as soon as possible.

The decision of buying or renting an apartment should not be made in haste. Make sure you take every important aspect of the process into consideration to prevent you from committing costly mistakes. Happy Renting!