New York City Apartments in Manhattan
Here, we've put together some of the most frequently
asked questions about our NYC apartments services.
Let us know if you
don't see your question here and we'll add it to this section.
We're here to help you find the best New York City apartment for you!
Q: I've registered with
citirent.com and I'm ready to begin my apartment search. What do I do
A: First of all, BE FLEXIBLE!
See more apartments than you might
think would be necessary. Start with a wide range of parameters and narrow
your search as you go. We've found from experience that more than half
of the renters in New York City end up happily moving to an apartment
or neighborhood that differs from what they had originally imagined. Take
full advantage of the citirent.com service and see as many apartments
as you can. Second, BE PREPARED! Have all the necessary paperwork with
you at all times. Go to see every apartment as though you intend to take
it and have everything you need to expedite the process and ensure that the
apartment will be yours. Remember, locating an apartment is only half
the battle; the other half is being approved. In order to be approved
you need to be prepared. Third, order a
free credit report
NOW and know
your credit status before you find an apartment. Don't be held up by a
problem with your credit when you are ready to rent an apartment. Fix
anything that needs to be fixed in advance, so that you will not lose
your apartment to someone who is better prepared. Finally, if you view
a listing that appeals to you, don't delay. Go to see the apartment immediately.
Apartments move quickly in New York. Don't lose out due to procrastination.
Q: Is one time of year
better than another for finding an apartment?
A: The best time to
start thinking about finding an apartment is in advance of the time that
you must move. Knowledge, preparation and patience will help you to find
an apartment at any time of year. This is one of the advantages of citirent.com.
Whereas a broker will only work with you when you are actually ready to
move, you can utilize citirent.com for as long as you like. You can research
and prepare, or, if you're in a hurry, you can work more quickly. The choice
Q: Apartments seem to
be so expensive in New York. How can I determine how much rent I can afford?
A: The standard formula for
determining how much income you must
earn related to how much rent you can pay is earnings should be equal
or greater than 40 times the monthly rent. For example, if you are interested
in an apartment that rents for $1000 per month, you should earn $40,000
per year. However, each listing on the citirent.com site will let you
know the landlord's income requirements, so that you will avoid wasting
time. If you do not earn enough, do not panic. Many landlords will accept
a guarantor. Specifics about who accepts guarantors are included in citirent.com's
Q: Is there such thing
as a "low-end" rent in Manhattan and what would be typical of such a rent?
A: Essentially studios start at $1100
and can go as high as $3000,
but there ARE good deals, such as studios for under $1000. They do
go quickly, but you can get one if you don't hesitate. Act fast!
Q: Why are Manhattan
rents so high?
A: Manhattan rents tend to be
high due to supply and demand. Manhattan
is an island with only so much available space; it is a finite piece of
real estate. Many people want to live in Manhattan. It is the center of
business, commerce and entertainment. Therefore, due to a finite supply
coupled with an ever-growing demand, the prices are commensurate.
Q: I've seen an apartment
I like. What do I do now?
A: Apply immediately! As a
citirent.com client you'll already know
everything you need to qualify. Make sure you bring all required paperwork
with you so that your application will be complete. Make sure, too, that
you have already ordered your credit report and resolved any problems
in advance, so that no surprise issues will arise to deprive you of your
Q: How do I go about
getting a credit report?
A: Generally, business people who
need to know your credit history run credit reports.
The average person does not, traditionally,
order one on his or her own. You can order a credit report
through our affilliate.
Other companies will usually do so only if you become a subscriber to
their service. At citirent.com, we'll help you to order a credit report
for free whether you become a member or not.
Q: What if my credit
report has imperfections? Will this effect my acceptance for an apartment?
A: It depends upon what the
imperfections are. Generally, late
payments on credit are not considered to be a tremendous problem but "charge-offs"
(totally unpaid debts) are problematic. If you have not seen a copy of
your credit report recently, you might be very surprised at its content.
It is important to find out what's there before a prospective landlord
has the opportunity to reject you as the result of a credit problem. If
you believe an entry in your credit report has an error - for example,
it is possible that an outside party obtained your Social Security number
or credit information and made charges against your account without your
knowledge - be sure to resolve it now. Why wait until you have to defend
yourself to a prospective landlord? Make sure your credit report is as
clean as possible, so that you can get the apartment you want.
Q: I am a student/someone
with modest means. Is there hope that I can find an apartment in Manhattan?
A: Yes, but if you are not earning
enough money to afford the rent,
your chances will be better if you find a roommate or a guarantor.
Q: What is a guarantor?
A: A guarantor is someone who will
take responsibility for the
lease commitment in the event that you, as the principal, default on your
responsibility. The guarantor needs to have a reasonable income and, perhaps,
own real estate himself.
Q: What are the requirements
to be a guarantor?
A:A guarantor must have an income
that not only supports their
lifestyle, but can also support your rent should you be unable to pay.
Many landlords require that a guarantor own real estate within the tri-state
Q: I don't have anyone
who is willing to be a guarantor for me. What do you suggest I do?
A: Include a roommate in your
apartment search, preferably one
who has a guarantor to contribute. Or you can offer more security, and/or
offer to pay several more months of rent up front in advance. The amount of
the additional security and/or rent should be determined as you negotiate with
Q: Once I've seen an
apartment that I like, will I have to pay a commission to the landlord?
A: No! By law landlords are
not allowed to charge a commission.
Only a licensed real estate broker may charge a commission.
Q: I've seen an apartment
that I'd like to move into. Once I've applied, how and when do I find
out if the apartment is mine?
A: It varies from landlord to
landlord and depends upon how many other
applications have been received. It also depends upon whether or not the
apartment is available for immediate occupancy. If it is, the landlord
will want to fill the vacancy quickly. If there is time, the landlord
might wait to assess ongoing receipt of applications. However, no matter
how much time is available, no landlord wants to lose a good tenant, so
the better your application is, the better your chances to obtain the
apartment and learn about it within a few days.
Q: How much of a security
deposit can I expect to pay?
A: Security most often varies
between one and two months of the
rent. Please note that security, by law, must be held in an interest-bearing
bank account and must be returned to you upon vacating the apartment,
assuming the apartment is left in the condition in which you found it.
Q: Is it better for
me to sign a one- or two-year lease?
A: This decision depends upon
market conditions and upon your intent.
If you're sure you are going to remain in the apartment for two years
and the price the landlord is offering for a two-year lease includes either
a very minimal increase or no increase after the second year, in a market
that you believe will continue to support growing rents, a two-year lease
is advisable. Conversely, if you're not sure you will remain beyond a
year and/or you believe rents will go down within the year, a one-year
lease would be more suitable.
Q: I have a pet. Will
this make finding an apartment more difficult?
A: Cats are generally acceptable,
because they tend to be quieter
animals. Some landlords, however, do not accept dogs due to the possibility
of noise and damage. If a landlord decides to accept dogs, it is usually
preferable that they be small. This is not to imply that no landlord will
accept dogs, many will. Either way, every citirent.com listing will inform
you of the pet policy, so you don't waste your time.
Q: How long does my
citirent.com membership last?
A: Citirenters' memberships last as
long as it takes to rent an
apartment. Begin your search as far in advance as you choose and see as
many apartments as you like... we encourage it. And when you do find an
apartment, there are no additional fees or commissions!