Rental concessions smaller but plentiful--here's where

By Teri Karush Rogers | April 7, 2011 - 3:30PM

As CurbedNY reports today, rental concessions offered by landlords have shrunk from an average of two and a half months last year to one month this year. But with the median Manhattan rental price at $2,895, one free month is still a month worth having in your pocket.

So where are the concessions? A quick search on StreetEasy.com turns up 115 rental listings bearing concessions. Meanwhile, no-fee apartment search site UrbanEdgeNY maintains a list of buildings offering free rent--in fact, we see that the swanky new Beatrice (105 W. 29th Street b/w Sixth and Seventh) is bucking the one-month trend by offering two months off a 26-month lease on some units.

For those of you new to the nuances of StreetEasy, here's how to search for rentals that come with concessions:

In the rentals section, click on 'advanced search'
Check the box 'description includes'
Type 'free rent'

(CurbedNY; StreetEasy.com)

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Teri Karush Rogers

Founder & Publisher

Founder and publisher Teri Karush Rogers launched Brick Underground in 2009. As a freelance journalist, she had previously covered New York City real estate for The New York Times. Teri has been featured as an expert on New York City residential real estate by The New York Times, New York Daily News, amNew York, NBC Nightly News, The Real Deal, Business Insider, the Huffington Post, and NY1 News, among others. Teri earned a BA in journalism and a law degree from New York University.

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