Basics for Renting

Why MyGradPad?

Our success rate for finding our customers an apartment on the first tour is 95%. We will guide you through the process to make your search quick, successful and fun.

1 When to Start Looking

Most NYC apartments aren't listed until four or five weeks before lease start date. If you start searching to far in advance, anything you look at will likely be gone by the time you want to move. Once inventory hits the market, the best deals disapear immediately.

Most NYC apartments aren't listed until four or five weeks before lease start date. If you start searching to far in advance, anything you look at will likely be gone by the time you want to move. Once inventory hits the market, the best deals disapear immediately.

2 Know Your Budget

New York City is one of the most expensive places in the world to live. It is very important to know how much you are prepared to spend before starting your search and what kind of apartment your budget gets you. When working with MyGradPad, we will provide you with a trailed list of apartments that fit your budget, and a detailed explanation of each. Our mission is to get you the best deal!

New York City is one of the most expensive places in the world to live. It is very important to know how much you are prepared to spend before starting your search and what kind of apartment your budget gets you. When working with MyGradPad, we will provide you with a trailed list of apartments that fit your budget, and a detailed explanation of each. Our mission is to get you the best deal!

3 Have Your Paperwork Prepared

Unlike apartment hunting in other cities, applying for any apartment in NYC is an intense process that requires a lot o documents. Apartments fly off the market, so it's vital that you have all your documents and finances in order before you even see your first apartment. Click here to download the Gennerally Required Paperwork and a sample Application. All paperwork submitted to MyGradPad is kept extremely confidential and shredded immediately upon aproval of your new apartment.

Unlike apartment hunting in other cities, applying for any apartment in NYC is an intense process that requires a lot o documents. Apartments fly off the market, so it's vital that you have all your documents and finances in order before you even see your first apartment. Click here to download the Gennerally Required Paperwork and a sample Application. All paperwork submitted to MyGradPad is kept extremely confidential and shredded immediately upon aproval of your new apartment.

4 Have Your Money Ready

When you find the apartment you will know and will want to lock it down. To apply for an apartment you will need to submit the Gennerally Required Paperwork, and Application and pay an application fee and sometimes a deposit. The application fee ranges from $60 to $200 per application depending on whether the partment is a rental, co-op or condo; deposits can range from $500 to a month's rent and are applied towards the security deposit due when you are approved for the apartment.

When you find the apartment you will know and will want to lock it down. To apply for an apartment you will need to submit the Gennerally Required Paperwork, and Application and pay an application fee and sometimes a deposit. The application fee ranges from $60 to $200 per application depending on whether the partment is a rental, co-op or condo; deposits can range from $500 to a month's rent and are applied towards the security deposit due when you are approved for the apartment.

How To Calculate Your Budget

The 40-times Rule

To be aproved for an appartment, most landlords want to see that your income is at least 40 times the monthly rent. To calculate this, take your pre-tax, annual income and divide by 40. That's the maximum rent you'll be approved for. Some landlords will allow you to combine your income with your roommates' income to hit this 40-times theshold.

Not quite meeting the 40-times threshold?

When your income doesn't meet the 40-times requirement, you may have one other option: a guarantor.

Budget for the broker fee

Remember to budget for that cose, which will be between 12 to 13.5 percent of the a full year's lease. Assuming 12 percent fee, if your rent is $2,000 per month — $24,000 per year — you'll owe MyGradPad $2,880. This will be paid at lease signing; all tours are 100% free.

To qualify for a monthly rent of
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
You must earn an annual salary of at least40 x
$80,000
$120,000
$160,000
$200,000
$240,000
$280,000
$320,000
Your guarantor must earn an annual salary of at least80 x
$160,000
$240,000
$320,000
$400,000
$480,000
$560,000
$640,000
X40
X80
VIEW LISTINGS: < $2000 < $4000 < $5000 ALL

Picking the Right Neighborhood

New York City has many neighborhoods and even neighborhoods inside neighborhoods! Below are the average prices of apartments in each neighborhood.

Manhattan
Brooklyn
Queens
Neighborhood
Studio
1-Bedroom
2-Bedroom
3-Bedroom
West Village
West Village
Studio: $2,923
1-Bedroom: $3,421
2-Bedroom: $5,204
3-Bedroom: $5,765
Tribeca
Tribeca
Studio: $3,229
1-Bedroom: $4,526
2-Bedroom: $5,847
3-Bedroom: $7,546
Greenwich Village
Greenwich Village
Studio: $2,406
1-Bedroom: $2,947
2-Bedroom: $3,826
3-Bedroom: $4,995
Battery Park City
Battery Park City
Studio: $3,227
1-Bedroom: $4,522
2-Bedroom: $8,798
3-Bedroom: $16,950
Midtown West
Midtown West
Studio: $2,837
1-Bedroom: $14,269
2-Bedroom: $4,752
3-Bedroom: $5,598
NoLiTa
NoLiTa
Studio: $3,140
1-Bedroom: $3,764
2-Bedroom: $4,765
3-Bedroom: -
Flatiron
Flatiron
Studio: $3,854
1-Bedroom: $4,984
2-Bedroom: $7,871
3-Bedroom: -
East Harlem
East Harlem
Studio: -
1-Bedroom: -
2-Bedroom: $2,548
3-Bedroom: $3,231
Lower East Side
Lower East Side
Studio: $2,535
1-Bedroom: $3,385
2-Bedroom: $4,829
3-Bedroom: $4,870
East Village
East Village
Studio: $2,696
1-Bedroom: $3,317
2-Bedroom: $3,665
3-Bedroom: $4,980
Murray Hill
Murray Hill
Studio: $2,435
1-Bedroom: $3,396
2-Bedroom: $4,308
3-Bedroom: $8,579
Inwood
Inwood
Studio: -
1-Bedroom: $1,795
2-Bedroom: $1,808
3-Bedroom: -
Morningside Heights
Morningside Heights
Studio: $2,595
1-Bedroom: $1,795
2-Bedroom: $3,119
3-Bedroom: $4,470
Washington Heights
Washington Heights
Studio: $1,715
1-Bedroom: $2,058
2-Bedroom: $2,319
3-Bedroom: $2,784
Financial District
Financial District
Studio: $2,900
1-Bedroom: $3,688
2-Bedroom: $5,080
3-Bedroom: $7,393
Gramercy
Gramercy
Studio: -
1-Bedroom: -
2-Bedroom: $4,000
3-Bedroom: -
Stuyvesant Town
Stuyvesant Town
Studio: -
1-Bedroom: $3,625
2-Bedroom: $4,776
3-Bedroom: $5,775
Tudor City
Tudor City
Studio: $3,770
1-Bedroom: $4,950
2-Bedroom: $5,750
3-Bedroom: -
Roosevelt Island
Roosevelt Island
Studio: -
1-Bedroom: $2,694
2-Bedroom: $3,900
3-Bedroom: $5,053
Upper West Side
Upper West Side
Studio: $2,722
1-Bedroom: $3,809
2-Bedroom: $5,966
3-Bedroom: $7,243
Harlem
Harlem
Studio: $1,631
1-Bedroom: $1,958
2-Bedroom: $2,867
3-Bedroom: $3,271
Little Italy
Little Italy
Studio: -
1-Bedroom: $2,900
2-Bedroom: $3,950
3-Bedroom: $4,695
Union Square
Union Square
Studio: $2,875
1-Bedroom: $4,633
2-Bedroom: -
3-Bedroom: -
Meatpacking
Meatpacking
Studio: $3,498
1-Bedroom: $4,265
2-Bedroom: $7,798
3-Bedroom: -
Midtown
Midtown
Studio: -
1-Bedroom: $3,713
2-Bedroom: $5,895
3-Bedroom: -
Midtown East
Midtown East
Studio: $2,889
1-Bedroom: $3,962
2-Bedroom: $5,334
3-Bedroom: $7,831
SOHO
SOHO
Studio: $2,334
1-Bedroom: $2,595
2-Bedroom: $9,675
3-Bedroom: -
Upper East Side
Upper East Side
Studio: $2,434
1-Bedroom: $3,518
2-Bedroom: $4,763
3-Bedroom: $8,809
Chelsea
Chelsea
Studio: $3,160
1-Bedroom: $4,415
2-Bedroom: $6,300
3-Bedroom: $5,565
NoHo
NoHo
Studio: $3,078
1-Bedroom: $4,642
2-Bedroom: $6,452
3-Bedroom: -
NoMad
NoMad
Studio: $3,767
1-Bedroom: $5,626
2-Bedroom: $6,585
3-Bedroom: $15,325
Load All
Brooklyn 1
Bushwick
Studio: -
1-Bedroom: $2,000
2-Bedroom: $2,750
3-Bedroom: -
Brooklyn 2
Red Hook
Studio: -
1-Bedroom: $3,100
2-Bedroom: -
3-Bedroom: -
Brooklyn 3
Cobble Hill
Studio: $2,032
1-Bedroom: -
2-Bedroom: -
3-Bedroom: -
Brooklyn 4
Williamsburg
Studio: $2,884
1-Bedroom: $3,426
2-Bedroom: $4,642
3-Bedroom: $3,850
Brooklyn 5
East Williamsburg
Studio: -
1-Bedroom: $2,169
2-Bedroom: $3,500
3-Bedroom: -
Brooklyn 6
Brooklyn Heights
Studio: $2,675
1-Bedroom: $3,235
2-Bedroom: $5,084
3-Bedroom: $6,497
Brooklyn 7
Greenpoint
Studio: -
1-Bedroom: -
2-Bedroom: $2,445
3-Bedroom: -
Brooklyn 8
Crown Heights
Studio: $1,775
1-Bedroom: $2,127
2-Bedroom: $2,413
3-Bedroom: $2,713
Brooklyn 9
Prospect Heights
Studio: -
1-Bedroom: $5,000
2-Bedroom: -
3-Bedroom: -
Brooklyn 10
Downtown Brooklyn
Studio: $2,593
1-Bedroom: $3,323
2-Bedroom: $4,496
3-Bedroom: $5,393
Brooklyn 11
DUMBO
Studio: $2,693
1-Bedroom: $3,612
2-Bedroom: $5,309
3-Bedroom: $6,495
Brooklyn 12
Boerum Hill
Studio: -
1-Bedroom: $2,954
2-Bedroom: -
3-Bedroom: -
Brooklyn 13
Clinton Hill
Studio: -
1-Bedroom: $2,800
2-Bedroom: $3,350
3-Bedroom: $5,000
Brooklyn 14
Park Slope
Studio: $2,225
1-Bedroom: $2,923
2-Bedroom: -
3-Bedroom: $3,467
Brooklyn 15
South Williamsburg
Studio: -
1-Bedroom: $3,300
2-Bedroom: -
3-Bedroom: -
Brooklyn 16
Bed Stuy
Studio: $1,993
1-Bedroom: -
2-Bedroom: $2,250
3-Bedroom: -
Brooklyn 17
Bay Ridge
Studio: -
1-Bedroom: -
2-Bedroom: $2,700
3-Bedroom: -
Load All
Queens 1
Astoria
Studio: $1,850
1-Bedroom: $2,104
2-Bedroom: $2,423
3-Bedroom: -

Tips for Renting in New York City

  • The best way to get to know your future neighborhood is by exploring it. It is important to see what is happening day and night.
  • Find out where the nearest subway station or bus stop is. You want to know how long it will take you to get to work, to your favorite brunch spot, and more!
  • Figure out what is most important to you. Is it closet space? Natural Light?
  • Don’t be afraid to ask questions!
Select the Size of your GradPad
Studio
1
Bedroom
2
Bedrooms
3
Bedrooms
4
Bedrooms
5+
Bedrooms
Indicate Your Monthly Budget
Studio
min $1600
max $5000+
1 Bedroom
min $1800
max $7000+
2 Bedroom
min $2600
max $10000+
3 Bedroom
min $3500
max $13000+
4 Bedroom
min $6000
max $15000+
5+ Bedroom
min $7500
max $20000+
What is your Desired Move-In Date?
Create Account

manage your apartment profile, apartment short list inquires and saved listings.

Already Have an Account?
Please confirm your contact information.
Please login with your email and password.
Remember Me Forgot Password?
Previous
Next
Submit Booking
Log In
Submit Booking
Check Availability
Submit
Contact
Submit