Thanks to the pandemic, Manhattan median rents have fallen below $3,000 for the first time since 2011. That means some of the city’s most-wanted neighborhoods are more affordable than they’ve been in a decade! Two Manhattan areas in particular have seen rents tumble the most: Chelsea and Midtown West. (The Midtown West market encompasses Hell’s Kitchen and Hudson Yards.) Rents have fallen in both areas by 17.8% year-over-year, according to StreetEasy data. Check out these 6 great Hell’s Kitchen and Chelsea apartments, with prices that may surprise you.
We start with a Hell’s Kitchen apartment that isn’t big, but it’s fancy. The studio has been thoughtfully updated with bamboo floors and stainless steel appliances, including a dishwasher. The bathroom is decked out in white subway tile with a huge, mirrored medicine cabinet for storage. To top it off, it’s in an elevator doorman building with laundry and a gym! Listed by Chad Chaturvedi and Gregory Williamson of Douglas Elliman.
Here’s a Chelsea apartment that packs a serious punch. With a foyer entry and a separate, windowed kitchen, it definitely feels more spacious than other studios. There are even three closets! In addition to its great location on 17th & 7th, the building boasts an elevator and laundry. Listed by Natalie Gilardian and Afsaneh Hay Gabbay of Compass.
Chelsea Rentals Under $2,500 on StreetEasy Article continues below
Our next Chelsea apartment, a true 1-bedroom, is overflowing with prewar charm. From its decorative fireplace to its window trim and moldings, there’s plenty to adore. Original hardwood floors never hurt, either. And the kitchen is updated for modern convenience, with stainless steel appliances and Silestone counters. One month free on a 12-month lease brings the net-effective rent down to $2,475. Listed by Udi Eliasi of Compass.
Whitewashed brick, open kitchen, lots of storage. That’s just a few of the things we love about this Hell’s Kitchen apartment. The gut-renovated 1-bedroom boasts new floors and an in-unit washer/dryer. It’s a short walk from all the neighborhood’s great restaurants. And to top it off, the rent is just $1,600 net-effective, with two months free on a 12-month lease. Listed by Evan Osur and Brandon Kalusa of Living New York.
Hell’s Kitchen Rentals Under $2,500 on StreetEasy Article continues below
What a great kitchen! A full renovation provides stainless appliances, granite counters, and a dishwasher, plus plenty of cabinet space. This Chelsea apartment is light and bright for a studio. There’s a walk-in closet, and a glass-doored walk-in shower too. Plus it’s in an elevator building that provides laundry and bike storage. Elba Diaz at Buchbinder & Warren has the listing.
Last but not least is this Hell’s Kitchen 2-bedroom, perfect for sharing. (Especially for Broadway fans, as it’s ideally located for the Theater District.) Inside, you’ll find high ceilings, hardwood floors, and a nice new kitchen. Be sure to note the net-effective rent, which is unusual. Four months free on a nine-month lease brings it all the way down to $1,667 per month. After nine months, though, who knows? Listed by Elisa Collaro and Adrienn Feher of MNS.
—
Whether you’re looking to rent or to buy, find your next NYC apartment on StreetEasy.
