Renting an apartment in NYC is tough, even more so in the summer, during renting season. But there are times when it’s easier, and harder to get your dream apartment. Some neighborhoods in Manhattan and Brooklyn have more demand (and more supply in July). But demand is lower in early July, likely when New Yorkers are leaving for July 4th weekend. SoHo and Battery Park are in demand in June, while Prospect/Lefferts Garden, Midtown West, Gramercy Park, Gowanus, East Harlem and FiDi demand peaks in August.
- The most active renting season in New York City is the summer season but many persons wonder when is the right time to search for a dream apartment.
- A streeteasy data analysis that concentrated on rentals in New York showed that rental season peaks during summer for most places in Manhattan and Brooklyn.
- There were about 43 neighborhoods in Manhattan and Brooklyn that were analyzed by the study and it showed that July is the period when competition is high.
““Rental inventory also spikes in July, with roughly 11 percent more rentals available than during any other month,” the study by Simon Rimmele, data scientist at StreetEasy, reads. “So even though competition among renters may be at its fiercest, there are also more homes available.””