Credit: Court Prather
Finding an apartment to rent in New York City can be brutal, and this is often equally true both for native New Yorkers and recent transplants hoping to make it big in the Big Apple. The fact that the city holds such a huge draw for so many people all over the world means that every day hundreds or even thousands of new people move to New York, and this helps to make the NYC rental market unlike any other in the world.
It is impossible to deny that the market is far and away one of the most competitive in the world, which means renters often need as much help as they can get. Therefore, here are a few important tips to keep in mind that can help to make your apartment hunting easier and less stressful.
1. Understand How the Market Fluctuates from Season to Season One of the very first things you need to understand before starting your NYC apartment search is just how seasonal the market really is. The markets in most cities will be more or less competitive at certain times of the year, but keeping in line with its reputation, the changes seen in New York are bigger than the rest.
Specifically, summer is the time when the market hits peak levels of competition as the city is suddenly flooded with recent graduates hoping to catch their big break. The fact that many of these people ending up leaving the city after a year at most also means that the summer months tend to be the time that more apartments are up for rent. Nonetheless, your apartment hunting ...