Yes, you read that headline correctly! Our Rental of the Week is a big, bright, 1-bedroom East Village rental for a great price. In a neighborhood this popular, that’s already enough to send many New Yorkers running. But this gem is also rent-stabilized, meaning the cost is guaranteed not to skyrocket when it’s time to renew. And that makes it practically magic.

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Address: 624 E. 14th St. #20

Price: $2,203

Size: 1-bedroom

Neighborhood: East Village

Best feature: It’s a rent-stabilized apartment in a super-desirable downtown neighborhood. Do we need to say more? Just kidding, we will! This East Village rental is actually bigger than most, especially at this price point. Both the living room and the bedroom have more than enough space for a comfortable furniture setup. The hardwood floors are in great shape, and the windows are big and bright. The kitchen, while not exactly super-luxe, is separate — so it doesn’t take up a whole wall in the living room. There’s even a bit of prewar charm, with the baseboard moldings and window trim.

Finally, this is the East Village we’re talking about. Our Rental of the Week puts you just a few blocks away from Tompkins Square Park and all the cool restaurants and nightlife you can handle. Plus, there’s both a Target and a Trader Joe’s nearby!

Why it’s a deal: The median asking rent in the East Village is $3,400, according to StreetEasy’s Data Dashboard. That puts our Rental of the Week at more than $1,000 per month below average for the neighborhood — and did we mention it’s rent-stabilized?

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Biggest drawback: It’s true, this East Village rental does have some negatives along with its many positives. For one thing, it’s a fifth-floor walkup. And for another, it’s very far east. Avenue C is three long avenue blocks from the L stop at First Avenue, and a haul to other trains at Union Square. Even so, this unit is big, bright, and a pretty incredible bargain.

See the listing: 624 E. 14th St. #20, in the East Village. To learn more, contact Cammy Cutler, Bruno Ricciotti, or Massimo Astrologo at Bond New York.

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