Renting is always a good option for those who can’t afford to buy their own home, especially in New York, where the housing market tends to be higher priced than most other real estate markets. For many New Yorkers, renting gives more chances of staying in a neighborhood where the prices of homes are cost-prohibitive, and makes it easier to relocate when the need arises. Other advantages of renting include not worrying about building maintenance and repair, as well as not having to stress about fluctuating real estate values.
The rental market continues to surge in Westchester County, where adults in transition and young professionals who don’t want a mortgage and property taxes have sparked a demand for rental apartments. Affordable rent can be found in places like Mount Vernon, where $1,100 a month gets you a 500 sq.ft. studio apartment with one full bathroom, hardwood floors, is pet friendly and also close in proximity to major transportation hubs. If you prefer high-end rentals, look no further than White Plains, where you can enjoy a country club lifestyle in a renovated two story Colonial for $6,850 per month; you get 2,646 sq.ft. of living space with 4 bedrooms, 2 full bathrooms, and 1 partial bathroom. Other features include hardwood floors, a heated swimming pool, entry foyer that opens to living and dining areas, gourmet kitchen with quartz countertops and stainless steel appliances, plus an enlarged patio with a gas grill and spacious rear yard.
In The Hamptons, which is considered as a seasonal getaway for vacationers, summertime is most often the area’s peak rental season, with visitors usually starting to book during the Presidents’ Day weekend in mid-February. Most of the villages and hamlets in The Hamptons have numerous rental properties, and this being The Hamptons, expect premier prices for their prime real estate. A classic beach cottage in Wainscott with 1,200 sq.ft. of space, 2 bedrooms and 1 full bathroom will net you $17,000; that monthly rental fee gets you stylish rustic interiors, an island kitchen with white beam ceilings, screened porch with dining room set and hammock, as well as an outdoor shower and barbecue area, plus amazing views of wide open farm fields from the rear yard. In East Hampton, $200,000 a month gives you waterfront living at its finest in a stunning contemporary home, featuring 4,500 sq.ft. of space with 4 bedrooms, 4 full bathrooms, and 1 partial bathroom, along with floor to ceiling glass windows, swimming pool, glass-enclosed outdoor dining pavilion, state-of-the-art kitchen, home theater, and spectacular water views. Private stairs offer access to a meandering long stretch of sandy beach along Gardiners Bay.
New York Apartments for Rent
Most people say that it’s often difficult to find good rentals in New York City, with its fast turnover and first come, first serve market. In most cases, timing is everything, with apartments being rented much quicker during the summer months than any other time of year, so you should be prepared and be ready to make decisions quickly in order to land a good rental, like a newly-renovated studio apartment in Chelsea, with new kitchen, new bath, new A/C, hardwood floors, and video intercom, all for $1,680 a month. If a charming brownstone is what you’re after, the place to be is Brooklyn, which has time and again overtaken Manhattan in terms of rentals. For $29,000 a month, you can stay in a newly renovated, fully furnished 5 story home that’s brimming with style and luxury; 6,700 sq.ft. includes 6 bedrooms, 4 full bathrooms, and 1 partial bathroom, plus fabulous rooms such as a grand parlor with floor to ceiling windows, fireplace, two kitchens, media/game room, and a sprawling garden with lovely walnut trees.