Moving into a new home is always something that you are both excited and scared of. Because of the magnitude of our relocations, we can succumb to stress and make bad choices. Luckily, today’s article is here to help you avoid making such mistakes. More importantly, today’s article is going to discuss some of the best places to rent a home in Manhattan; So you can ensure that you did the right thing about moving to that area. Another thing you can do to reduce stress and make this a positive experience is to hire a professional moving company, like Ben Hur Moving & Storage NYC. Because relocation experiences highly depend on how you organize the process itself; It is very important that you understand the importance of it from the get-go. But to be able to move properly, you have to know where you are going to move first.
You have to know the area to find places to rent a home in Manhattan
Manhattan is one of the smallest, yet most densely populated boroughs of New York City. Also known as “The City”, Manhattan is one of the oldest NYC boroughs. It represents the urban core of the city, as well as the economic and administrative center. The island itself is composed of three components: Lower, Midtown, and Upper Manhattan. Lower Manhattan is the economic part of the city; Midtown is more of a business district; While Upper Manhattan represents the most residential area of the borough. With these three districts, Manhattan represents one of the most important economic factors in the economy of the entire country. Aside from that, nearly 70 million tourists visit Manhattan on a yearly basis. Around 1.6 million people call Manhattan their home. If you want to call it your home, make sure you get in touch with local movers in Manhattan NY to help you move safely.
Manhattan is not cheap
Before you decide that you want to move into the area, you have to know that Manhattan has one of the most expensive real estate markets in the entire world. Not only is purchasing a home not cheap but renting is also one of the highest in the US, at least. With the median rent of around $1.800 a month, Manhattan will require you to tightly budget your finances. In addition, although the rents are so high in the city, nearly 80% of the population is renting, rather than owning their home.
The median home value is around $742.000. However, it is important to note that the median rent of the entire district is significantly lower than its individual neighborhoods. To prove this to you, we will be citing average rents for each neighborhood we talk about. If moving to Manhattan, be ready for expensive living.
The best places to rent a home in Manhattan
Now that you understand what it is like living in the borough a little better, we can continue to the list of places to rent. Now, understand that, for example, moving to Manhattan to pursue a career might be the best approach to this type of relocation. Because housing and living costs are high, you would need to ensure you have financial stability. Therefore, make sure that you have a full plan of how you want to approach this process in general. Anyway, the three neighborhoods that we are going to talk about are:
- NoHo
- Upper East Side
- Upper West Side
NoHo
Shorter for North of Houston Street, NoHo is a Lower Manhattan, upper-class neighborhood. The median rent in the city is $4.700. Moreover, NoHo is one of the best places for young professionals in NYC. On the other hand, the neighborhood has a low population number of 5.500.
In essence, living in NoHo means being close to Broadway. Therefore, if you are an aspiring actor, looking for a great place to be close to the center of activities, NoHo is the right place for you. Although the rent is expensive, NoHo offers amazing opportunities to those that move to the area. 67% of NoHo residents are renting their homes. Moving here can be easy with the services of NoHo movers.
Upper East Side
Upper East Side is one of the most densely populated neighborhoods in NYC. With around 200 thousand people living in the area, it is a densely populated neighborhood where 63% rents a home. The median rent in the neighborhood is $3.500. The main reason Upper East Side is on our list is that it is adjacent to Central Park. On the other hand, it is also bounded by the East River. The Upper East Side is more of a family-oriented neighborhood. Therefore, if you are moving as a family, and need a good family neighborhood, movers Upper East Side can make sure you do it right.
Upper West Side
Much like other Manhattan neighborhoods, the Upper West Side has residents that mostly rent their homes. Namely, 65% of the population of this dense urban area are renting their homes. However, unlike other neighborhoods, the Upper West Side median rent is around $2.200. If you are looking for places to rent a home in Manhattan that are not as expensive, this is the choice for you.
Moreover, if you plan on moving to Upper West Manhattan, know that there are around 212 thousand residents in the area. More importantly, the area is diverse and 18% of the population are families with children and that’s why Upper West Manhattan is one of the best places to rent a home in Manhattan. The schools are above average and there is a lot of young professionals in the area.