If you are new in town, and you are looking for Manhattan apartments to rent, you will soon discover that it is a rather difficult undertaking. However, it is doable, with some time and effort, and the assistance of a no fee apartment rental service such as RDNY.com.
The problem with using brokers, is that they are expensive. For instance, if you find an apartment that is renting for $3500 per month, it will cost you quite a bit to actually move into. You will have
to pay the first months rent, at least one month security deposit, and a minimum of one month’s rent to the broker – but usually 15% of the first year’s rent. That’s almost two month’s of rent just for the broker’s fee! Your total upfront expenses will be anywhere from of $10,500 to $13,300 if you use a broker. And sometimes you may need to pay additional security as well.
With RDNY.com, you would pay only the first month’s rent and the security to the landlord. There is no broker’s fee to pay, bringing your cost down to $7,000. You would save between $3,500 and $6,300 just by using RDNY.com! That’s a serious savings!
The first thing you should do is decide which part of town is most suitable for you. Many people like to make their commute to work as short as possible, but that is not the only consideration. The amenities that are available and the style of living vary, in different parts of town, and so do the prices. If you desire a relatively, quiet, posh, and expensive residential neighborhood like the West Village, expect to pay a relatively high rent compared with some other parts of town. The point here is, decide which part of town works best for your budget and your lifestyle and work from there. If you really can’t locate anything in Manhattan that suits your needs, you may want to explore some parts of Brooklyn or Queens. Keep in mind that apartments for rent in Brooklyn NY can also be quite expensive.
Although Manhattan apartments are expensive, there are ways you can save a significant amount of money when renting. Naturally, we advise you to use a no fee apartment service like RDNY.com. This will reduce your upfront expenditure significantly – for the very same apartments that a broker will show you. Why pay an arm and a leg?