At any given time there are more than half a million students here, attending one of approximately 80 different universities, colleges, vocational and other institutions of higher learning, in all parts of town. “Those who don’t happen to make 40 times the rent of an apartment certainly have other options when it comes to renting,” says Adam Frisch, managing principal at Lee & Associates Residential in New York City. 2. Translation: A job may be in your future. If you want to rent a student residence or a student apartment inNew York, you can expect rent prices between $697 and $1,809. "Most landlords would not feel comfortable renting an apartment to someone who is only living off student loans," says Maxim Mitnik of FirstService Realty. “For example, I often advise the landlords I … With three properties located throughout Manhattan, guests can always find themselves right where they need to be, always close to the schools and best attractions in the city. How big is student housing in New York? Official Student Farmington Apartments for rent under $1300 . How to Get an Apartment When You're a College Student Paying Rent With Grant Disbursements. Using a broker or an apartment locator is often recommended when renting in New York City (especially in summer and early fall – NYC’s most difficult times to rent) and while brokers can charge a fee ranging from one month’s rent to 15% of one’s annual rent, in certain circumstances it may save you both time and money in the long run. Student Housing in the NYC Metropolitan Area Student housing in New York City is a huge market. Generally, to qualify for an apartment, you need income rolling in. How much rent can a college student afford: How to crunch the numbers. Spend more than 30 percent of your income on housing and you’re “rent-burdened,” according to NYC Mayor Bill De Blasio’s administration. NYU Student Rentals provides real estate services for students looking to find the perfect apartment in NYC. As of December 2020, the average apartment rent in New York, NY is $2,783 for a studio, $3,261 for one bedroom, $4,133 for two bedrooms, and $3,959 for three bedrooms. It’s the time of year when college students graduate, internships come to an end, and many leases expire. Renting in the summer Summer is New York City’s peak rental season. "In order to qualify for the apartment on their own, a tenant would likely have to offer to pay additional … Here’s a guide to a few of the more cost-friendly places to live in NYC, where someone making the median salary of $52,259 can spend less than 30 percent of their income on rent in a studio apartment. Affordability: Another high priority on a student’s list is how much the rental costs.Money may be tight, and while they need a place to live, they also want money to eat and to go out with their friends. 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