Renter’s Guide
Apartments rent quickly in New York City. Here is the path, one step at a time.
Part 1 of 3
Search
Start early
Begin about 30–45 days before your move-in date. Most landlords want a vacant unit leased within two weeks of applying.
Prepare your documents
An employment letter, your last two pay stubs, two years of tax returns and W-2s, two recent bank statements, landlord references and a photo ID.
Know the income rule
Landlords typically ask for combined annual income of 40x–50x the monthly rent.
Line up a guarantor
If you fall short, a guarantor earning at least 70x–80x the monthly rent can back the lease. International applicants may need a US guarantor.
Part 2 of 3
Apply
Apply for a rental
The landlord reviews in 24–48 hours. Once approved, the lease is usually signed within the next 24 to 48 hours.
Apply for a condo
Both the owner and the condo board must approve. Allow a few days to several weeks, sometimes with an interview.
Apply for a co-op
Two approvals, like a condo, but allow 30 days from a complete package.
Roommates and pets
Every roommate and guarantor applies in full and signs the lease. Pet rules vary by building, so share your pet’s weight and breed.
Part 3 of 3
Sign and move in
Sign and pay
Secure the apartment by certified check or money order: first month’s rent, a security deposit of no more than one month’s rent, and the broker fee if represented.
Condo and co-op fees
Expect more: a move-in fee of $1,000, often refundable, an application fee of $250–300 and a managing agent fee of $250–400.
A broker saves you time, helps you secure a fair price and puts your application in the best light.
Schedule a consultationAll material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors or omissions. No guarantee or representation is made regarding the applicability of all information for every transaction. For any questions, consult with a licensed professional.