Duplex apartments in Manhattan are highly coveted — and, usually, highly priced. But our Rental of the Week is a Kips Bay duplex that offers a flexible two-level layout for a great price. Plus a lot more, including lofty ceilings and huge south-facing windows that let in plenty of sunshine.

Our Rentals of the Week go fast! If this one’s already rented, see more Kips Bay rentals on StreetEasy.

Kips Bay Rentals Under $2,600 on StreetEasy Article continues below

Address: 235 E. 33rd St. #7

Price: $2,300

Size: duplex studio

Neighborhood: Kips Bay

Best feature: Our Rental of the Week has a super-flexible layout that allows for creativity. Use it however it works best for you! The lofted area upstairs has a large closet and is plenty big enough to serve as a bedroom. That would leave the entire downstairs as an open, loft-like living area. The upper level would also make a perfect dining room, or a very comfortable home office. And the lower level could easily be sectioned off to create a bedroom as well.

In addition, three large, south-facing windows let a ton of natural light flow through the space. High ceilings, warm hardwoods, and exposed brick add even more character. And our Rental of the Week is in an enviably central location, too. It’s close to both midtown and downtown, not to mention the 6 train. Plus it’s within a few blocks of super-convenient amenities like Trader Joe’s, Fairway, Bed Bath & Beyond, and even Target!

Why it’s a deal: Kips Bay is a submarket of Midtown East. The median asking rent here is $3,305, according to StreetEasy’s Data Dashboard. That puts this Kips Bay duplex at a full $1,000 per month below average for the area.

Midtown East Rentals Under $3K on StreetEasy Article continues below

Biggest drawback: While this Kips Bay duplex lives more like a spacious loft, it’s technically a studio. If the lack of walls and defined rooms will bother you, you should probably look elsewhere. In addition, the kitchen is dated (though totally functional).

See the listing: 235 E. 33rd St. #7, in Kips Bay. To learn more, contact Andy Cheung at Compass.