New York City Sublets: Furnished Apartments and Rooms for Rent in NYC (2024)

FAQs

How hard is it to sublet an apartment in NYC? ›

You are entitled to request permission to sublet from the owner, and the owner may not unreasonably refuse such permission. However, you must inform the owner by certified mail, return receipt requested, no less than 30 days prior to the proposed subletting.

Local Newspapers and Community Boards: Check sublet listings in local newspapers, community boards, or online marketplaces. Social Media: Utilize social media platforms, such as Facebook groups, or Twitter, where people often post available sublets or ask for recommendations.

In addition to the high cost of rent, finding an apartment for rent in NYC can also be difficult due to the limited availability of rental units. The demand for rental apartments in NYC often exceeds the supply, which means that there are more people looking for apartments than there are units available.

In a sublet, the new tenant is responsible for the property and any damages that may incur. In a sublease, the original tenant is responsible for the rental property. If the new lessee damages the property, the first tenant will carry the legal financial and legal responsibility.

The most common sublet fee structure is a regular increase to your monthly maintenance. This sublet surcharge can vary by co-op and can range from 10% to 30% of your monthly maintenance on average.

Month to Month Tenants

Renters who do not have leases and pay rent on a monthly basis are called “month-to-month” tenants. In localities without rent regulation, tenants who stay past the end of a lease are treated as month-to-month tenants if the landlord accepts their rent (Real Property Law § 232-c).

In NYC, the “short” in “furnished short term rentals” means furnished apartments with minimum lease terms of between 30 days and 12 months, but mostly we are talking about furnished apartments with minimum lease terms of between 30 days and 6 months. This is also known as "temporary housing".

NYC Housing Authority (Public Housing)

Provides rent subsidized housing for those who meet HUD's Section 8 eligibility requirements. Tenants' rent is 30% of their monthly gross income. Due to long waiting lists, priority is given to individuals and families applying from shelters and other agencies.

Do you need credit to rent an apartment in NYC? ›

Ideally, you need at least a 650 credit score to secure a good apartment rental in NYC. But don't worry too much if your score is 500 or less. There are ways to increase your creditworthiness quickly, making you more eligible for renting an apartment in NYC.

NEW YORK - New York City is a city of renters, especially compared to the rest of the nation. As difficult as renting can be in the city, purchasing a home is all the more daunting.

Manhattan median rent dipped 1% over the last year to hit $4,257 in February. That's still far above the citywide median of $3,575, which rose 2.1% from 2023.

New York City law allows market-rate and rent-stabilized tenants to sublet their apartments if they live in a building with four or more units. New York City law does not allow tenants that live in multiple dwellings (3 apartments or more) to sublet apartments for less than thirty days.

In some cases, it can also serve as a source of income. The sublessor can profit by charging the subtenant a higher rent than the amount paid to the landlord. This could be particularly profitable in high-demand areas where rental prices can be flexible.

Qualifying for a starter rental in NYC tends to be much more difficult than getting an apartment elsewhere. For starters, you (and your roommates, if you have them) must earn an annual salary equal to (or greater than) 40 times the monthly rent. That works out to $120,000 to $150,000 for a $3,000 per month apartment.

You must have valid and legal reasons for eviction. Acceptable reasons to evict a subtenant include: Non-payment of rent: When a subtenant doesn't pay rent on time as agreed to in the sublease agreement, you have the right to evict them.