New York City can be an expensive place to live, but you can find cheaper housing options in certain parts of the city. Some of these locations are still close enough to the city’s best attractions. Here are a few NYC neighborhoods that are known for their more affordable housing.
This section of northern Manhattan is one of the most budget-friendly places to live in New York City. Many apartments rent for around $2,000 a month, which is a bargain considering that you will be living so close to the best parts of the city. Harlem tends to attract a lot of artists and musicians but is also ideal for families, young business people and retirees.
If you want to live in Midtown, the Murray Hill neighborhood will be one of your most affordable options. Median monthly rents are generally less than $3,000 a month, but you can also choose to invest around $1 million to purchase a home. College students and other members of the younger crowd tend to live here, but you will also meet a lot of established professionals and families.
Lower East Side
Situated between Houston and South streets in Manhattan, the Lower East Side still has a lot of the shops, restaurants and art galleries that you would expect to find in other parts of the city. Foodies and nightlife enthusiasts also come to this district in large numbers. Apartments go for around $1,700 a month.
If you’re willing to venture outside of Manhattan and into Brooklyn, the Sunset Park neighborhood has a lot to offer. This location is home to many Latin American and Caribbean immigrants who bring a sense of diversity to the community. You may even be able to find a one-bedroom apartment for $1,500 a month.
The Bronx is known for many wonderful things, and the Morris Park neighborhood is no exception. The median monthly rent is $1,900, but you can also buy a home for a little more than $450,000. You will have easy access to the Bronx Zoo and the New York Botanical Gardens if you live here. Some of your neighbors may include professionals who commute regularly to Manhattan along with families and retirees.
It is possible to find the home of your dreams in New York City if you are willing to look around some of the budget-friendlier neighborhoods. Finding the right option will help you feel more at ease so that you can better establish yourself in the city.