I have $100,000 in the bank but no income. Can I still rent an apartment in NYC?

… Many New Yorkers would envy this situation when it comes to rental conundrums Having six figures in your bank account … institutional guarantors will qualify renters whose annual income is as low as 275 times the monthly rent or have cash assets or …

By Evelyn Battaglia |March 20, 2026 - 9:30AM
Should I line up a guarantor before I start my search for a NYC rental apartment?

… its a good idea to line one up before you start your search especially if youre looking during the busy summer … were to sign on as a guarantor you would need to limit your search to apartments that rent for $2000 per month $175000 ÷ … they were willing to be a coapplicant you could expand your search to apartments that rent for $4375 $175000 ÷ 40  … …

By Evelyn Battaglia |June 29, 2023 - 12:30PM