Comments on: 6 Tips To Negotiate Your Rent https://blog.openigloo.com/6-tips-to-negotiate-your-rent/ As median rents in NYC continue to rise, renters are left weighing the costs of moving or renewing. For the past few months, New Yorkers (especially in Manhattan) have experienced record lease renewals – sometimes upward of 50%. In June, rent increases on lease renewals for market-rate apartments averaged 13.8%. While 50%+ increases are slowing down, rent increases on renewals are still triple what they were during the same period last year.<br>Renters have been sharing details of their rental experiences and their renewals on openigloo. Many renters have reached out to us asking whether they should move or renew. Our advice is to research the rent prices in their neighborhood and see what others are quoted. For example, in Brooklyn the average June renewal was anincrease of 11%. This figure can act as a benchmark for those negotiating their rents. For those that decide to move, we encourage renters to research their prospective landlords to see what kind of rent increases they can expect to see. Mon, 06 Oct 2025 15:36:44 +0000 hourly 1 By: New York Lease Renewals April 2023 | openigloo https://blog.openigloo.com/6-tips-to-negotiate-your-rent/comment-page-1/#comment-166 Fri, 12 May 2023 18:46:04 +0000 https://blog.openigloo.com/?p=703#comment-166 […] increases on renewals continue to drop below previous year levels. April saw a slight reprieve in rent increases from the […]

]]> By: New York Lease Renewals February 2023 | openigloo https://blog.openigloo.com/6-tips-to-negotiate-your-rent/comment-page-1/#comment-63 Tue, 04 Apr 2023 17:04:33 +0000 https://blog.openigloo.com/?p=703#comment-63 […] February 2023, rent increases on lease renewals for market-rate apartments in NYC was 10.2% compared to 26.4% a year before and […]

]]> By: Broker Fees in NYC: How Does It Work? Who Pays? | openigloo https://blog.openigloo.com/6-tips-to-negotiate-your-rent/comment-page-1/#comment-45 Wed, 01 Mar 2023 20:46:24 +0000 https://blog.openigloo.com/?p=703#comment-45 […] and it doesn’t hurt to try. If the market isn’t super competitive, you can always try and negotiate the fee lower. If the apartment is popular and many people want it, negotiating the fee is probably […]

]]> By: Breaking a lease in NYC: What Renters Need to Know https://blog.openigloo.com/6-tips-to-negotiate-your-rent/comment-page-1/#comment-16 Wed, 21 Dec 2022 21:27:42 +0000 https://blog.openigloo.com/?p=703#comment-16 […] the reason for thinking about breaking a lease, many renters were left with sometimes contentious negotiations with their […]

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