New York City is notoriously expensive, and it’s not just Manhattan that will take a toll on your wallet should you decide to move to The Big Apple. Finding a one-bedroom apartment for under $1,000 per month is all but impossible — rent is more than triple that in many parts of town.
The New York metro area is home to more than 20 million people. The road system understandably tends to get backed up, and instead of fighting traffic, many New Yorkers commute by subway. Living near an accessible line is desirable, and, as such, the rent near popular lines are sky-high. Rent tops $4,000 per month near the 23rd St. station on the No. 1 line, and sits consistently above $3,000 per month throughout lower Manhattan. Your best bet for more affordable rent is to look at options up in The Bronx. Many of the stops along the B, D, 2, 4, 5, and 6 lines average in the lower $1,000s, with the cheapest being $1,250 per month from Gun Hill Road down to the area around Morris Park.
We hate to break it to you, but the numbers actually get worse. Those little red numbers with a percentage sign next to the figure represent the average annual increase in rent prices, meaning what you see here will be null and void when it comes time to renew your lease.
But as high as these rent prices are, there is one perk that can help you to offset the cost of living: you don’t need a car. In fact, if you’re planning to move to New York, go ahead and sell your vehicle now. You might take in enough to cover the deposit and first month’s rent on your new apartment.