Comments on: NYC Rental Application Checklist: 8 Things You Need!  https://blog.openigloo.com/nyc-rental-application-checklist-8-things-you-need/ 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. Wed, 02 Apr 2025 17:29:04 +0000 hourly 1 By: NYC Apartment Tour Checklist: 8 Things You Need to Check | openigloo https://blog.openigloo.com/nyc-rental-application-checklist-8-things-you-need/comment-page-1/#comment-394 Tue, 19 Dec 2023 14:10:26 +0000 https://blog.openigloo.com/?p=1511#comment-394 […] they were considering. It is the worst feeling to spend a gazillion dollars, go through an invasive application process, only to learn that the apartment has no hot water or heat or functioning […]

]]> By: How to qualify for a New York City apartment | openigloo https://blog.openigloo.com/nyc-rental-application-checklist-8-things-you-need/comment-page-1/#comment-247 Fri, 02 Jun 2023 21:11:08 +0000 https://blog.openigloo.com/?p=1511#comment-247 […] to keep up with all the changing requirements. At openigloo, we receive tons of questions about the NYC application process. Such as; What is the 40x rule? Do you really need US credit to get an apartment? Can I use my […]

]]> By: New York Lease Renewals January 2023 - openigloo https://blog.openigloo.com/nyc-rental-application-checklist-8-things-you-need/comment-page-1/#comment-42 Mon, 13 Feb 2023 17:59:58 +0000 https://blog.openigloo.com/?p=1511#comment-42 […] market-rate apartments in NYC were 8.1% compared to 17% a year before and 3.2% in December 2022. Rental activity seemed to cool in the latter months of 2022, but January saw a bounce back. 71% of New […]

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