You want a great location for a bargain price? Our Rental of the Week is a spacious and elegant Art Deco studio in an architecturally significant building in Chelsea.

Address: 200 W. 20th St. #205

Price: $2,450

Size: Studio

Neighborhood: Chelsea

Best feature: This apartment is not just a place to sleep in one of NYC’s most lively neighborhoods. It’s an elegant set of rooms, with a walk-in gallery and dining area, a step-down main living room that has plenty of space for lounging and sleeping, and a functional, separate kitchen with a dishwasher. Thank famed architect Emery Roth, who designed the 1939 building known as Kensington House.

Why it’s a deal: The median price for a studio in Chelsea is $2,850, some $400 above the asking rent for this unit. So not only is the place elegant, it’s a good deal, too.

Biggest drawback: This is a co-op building, which means you’ll need board approval before inking a deal to move in. Plus, it is just a studio. But damn, it’s a nice one.

Also note: This unit is dual-tracked as a sale, with an asking price of $474,900, and the building allows pied-à-terre use, subletting, and gifting.

See the listing: 200 W. 20th St. #205, listed by Grant Braswell and Sahar Aubon of Compass.

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