lower east side 1br

This Rivington Street stunner is renting for a fantastically affordable price.

In the NYC rental game, when a great space coincides with a great location, the cost is usually sky-high. Add add a great price to the equation, and you’ve really got a winner — that’s exactly what makes this Lower East Side 1BR our Rental of the Week. With a brilliant Rivington Street setting and an interior full of warm, glowing light and luxe details, this is the kind of deal downtown apartment hunters dream of.

Address: 137 Rivington St. #9

Price: $2,300

Size: 1-bedroom

Neighborhood: Lower East Side

Best feature: This Lower East Side 1BR isn’t just a downtown crash pad — it’s a home. Full of glowy light, warm wood, and exposed brick, the space has been meticulously renovated. A glass-paneled wall separating the bedroom and living area really maximizes all that sunshine. Both rooms are spacious and open-feeling, with great closet space for storage. The windowed kitchen features full-size stainless steel appliances, including a dishwasher, with a breakfast bar for dining or extra counter space. And the high-style bathroom is outfitted in quartzite tile.

Why it’s a deal: The median asking rent on the Lower East Side is $2,995, according to the StreetEasy Data Dashboard. That puts our Rental of the Week nearly $700 per month below average for this popular neighborhood. In addition, the landlord is offering one month free on a 12-month lease. That brings the net-effective rent down to an even more affordable $2,108 per month.

Downtown Rentals Under $2,500 on StreetEasy Article continues below

Biggest drawback: This is a walkup building, so if stairs are an issue for you, it’s probably not a great fit. In addition, there’s no floor plan on the listing, so it’s unclear whether the bedroom has an actual door to close, and whether there are any closets beyond the one in the bedroom. Even so, this Lower East Side 1BR is a real find for downtown home hunters.

See the listing: 137 Rivington St. #9, on the Lower East Side. Listed by Michael Segerman at Dynamik Realty.

Whether you’re looking to rent or to buyfind your next NYC apartment on StreetEasy.