2022 Relocation Question:
What’s the minimum for a 2-bed rental, and the probability of a one-bed under $5000?
2022 PorchLight Rental Answer:
Two beds under $6500 a challenge; one bed we can find lower than 5k.
After falling to record lows during the peak of the Covid pandemic, New York City June rents have flipflopped – now reaching record highs, according to the New York Post. In fact, for the first time in history, Manhattan average rents broke the $5000 mark.
Here, there and everywhere – renters on the hunt for a new home have had plenty of challenges since late 2021. Add to that rising inflation rates, skyrocketing mortgage rates, homebuyer bidding wars, we find ourselves in a renter’s nightmare. That’s why having the professionals at PorchLight by your side proves time and time again to be a cost-effective alternative to going it alone.
Just recently one of our local rental experts, Kristi, helped a client secure their home. “We greatly appreciate PorchLight’s outstanding support. We’re also so thankful to Kristi for her excellent and diligent work to find us a home in this crazy, challenging housing market.”
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