Apartments for Rent in Garment District, New York, NY

Garment District, New York apartment availability

The Garment District's rental market offers a good selection of listings, with an average of around 97 rentals available each month. The majority of these listings are 1-bedroom and 2-bedroom apartments, with a smaller number of studios and 3-bedroom apartments also available. Many of these apartments feature desirable amenities, including hardwood floors, which are found in over 80% of listings, as well as dishwashers and on-site laundry facilities, which are available in around 78% and 70% of apartments, respectively. This makes the Garment District a convenient and attractive option for renters looking for a range of amenities in a central location.

Garment District, New York rental market trends

The Garment District in New York is experiencing a slight decline in rent prices, with the average monthly rent across all property types decreasing by 1.8% year-over-year to $4,534. However, this trend varies by bedroom count. One-bedroom apartments saw a 2.2% increase, averaging $4,455 per month, while two-bedroom apartments experienced a 7.2% decline, now renting for around $5,096. Studio apartments remained relatively stable, with a 0.1% decrease to $3,612.

Rent prices fluctuate throughout the year, with December being the most expensive month, 8.3% higher than January, the least expensive month. This suggests that renters looking for a better deal should consider searching during the winter months. Overall, the Garment District's rental market is showing signs of softening, making it a good time for renters to explore options in the area.

Why Garment District, New York is a great place to live

Garment District is a top choice for renters prioritizing fitness and social living. Apartments in the area often feature onsite gym equipment, natural lighting, and access to health and wellness events, making it easy to maintain an active lifestyle. Additionally, many buildings have fitness centers and incorporate healthy design elements, such as low-VOC materials and soundproofing. The neighborhood's vibrant social scene is also a major draw, with numerous restaurants, entertainment venues, and convenient transit options. With its well-developed street infrastructure and emphasis on safety, Garment District is an ideal location for those who value connection and community.