My student and their roommate need housing in NYC from June through August, and they’re trying to decide. They need a true 2BR and a kitchen, and they’d prefer southern Manhattan since my student is working in Chelsea and the roommate is working in the Financial District. They found a 2BR/1BA in the LES with a kitchen for $2,550/month each, but it may get reserved. Is that a reasonable deal or no
Your student and their roommate have found a competitive housing option in NYC for the summer months. The proposed rent of $2,550 per person totals $5,100 per month, which is below the average rent for a two-bedroom apartment in the Lower East Side (LES), typically ranging from $5,500 to $6,900 per month.
Location Benefits
The LES is well-positioned for both Chelsea and the Financial District, making commuting convenient for both individuals. The vibrant neighborhood offers easy access to public transportation and various amenities, enhancing the overall living experience.
Market Comparison
- Average rent for 2BR in LES: $5,500 - $6,900/month
- Proposed rent: $5,100/month ($2,550/person)