Average Rental Prices for Celebs’ Luxury Apartments in NYC
Not too long ago the Rentenna team had some fun mapping out where the celebs live in NYC. But we’ve since matured and become all serious-like, so it’s not so much where stars live that matters to us these days but how much they pay to live where they do. While you’re running around desperately trying to find a NYC apartment for rent, scraping together what little you have to pay the security deposit, celebs are swooping in, cutting fat checks, and enjoying life in luxury. Right?
The truth is, they’re probably not be paying quite what you think.
Do Celebrities Pay More or Less than Average for Rent in NYC?
For some celebs, living just don’t come cheap — and they like it that way. Ace Ventura and Truman Show star Jim Carrey, with his rumored $25,000 per month Greenwich Village apartment rental, throws down nearly 400% more in rent for his pad than the average 2BR renter in a Village doorman building. Meanwhile, When Harry Met Sally megastar Meg Ryan is rumored to be paying some 178% more for her 3BR than does the average New Yorker for a luxury 3BR in her ‘hood. Whatever, haters… it’s Meg Ryan, and we’ll always have what she’s having.
Of course, all this conspicuous consumption doesn’t mean some celebs haven’t found a solid deal for their digs. Ashley Greene’s apartment, for example, clocks in at 5% below the average rent for luxury doorman apartments in the east village. Other “frugal” front-pagers? Former Knicks point guard Jeremy Lin (with his fully furnished downtown W Hotel rental in Battery Park, until he got shipped out of town by the geniuses at MSG) and Chase Crawford (with his luxury Wall Street apartment rental) are rumored to be leveraging their celebrity status to score some sweet pads at below-market rents.
Celebrity Luxury Apartment Rents vs. Average Rents in NYC
So now that you’ve got a taste for what some of our favorite A-Listers are paying for their apartments, check out the map of celebrity rental prices vs. NYC averages below (and for the creepers, please stop asking us for the unit numbers / addresses, not gonna’ happen):
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How Much Celebrities Pay to Rent in NYC
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More Luxury Apartments For Rent in NYC Listed Below!
West Village Luxury NYC Apartment Rentals
Reviews Learn More Available Units
Gramercy Luxury NYC Apartment Rentals
Midtown East Luxury NYC Apartment Rentals
The Bamford: Map It!
Reviews Learn More Available Units
1BR: 2 units / $2,995+
2BR: 1 unit / $5,195+
Midtown West Luxury Apartment Rentals
1 River Place: Map It! Reviews Learn More Available Units
Studio: 1 unit / $2,290+ 1BR: 1 unit / $2,850+
2BR: 2 units / $4,250+
{ 6 comments… read them below or add one }
It’s quite surprising to see that they pay more than the average. I actually would have guessed that they pay pretty much the same. It seems that I learned something new again. Thank you very much for the great map. It’s very interesting to see what celebs pay AND where they live. Nice article!
Rent Control is done by individual cteiis and not the state. The link below will give you a list of cteiis that have rent control in CA. If the city is not listed then it is basically free market value.
Get a real estate agent. If you just call deeriffnt real estate offices to get prices on homes the agents will want to work with you. It’s better if you just find one agent and have them do the work for you. All agents have access to a real estate database. Of course each agent is deeriffnt try to find one that isn’t afraid to get the best price for you, because some agents just want you to buy something and they don’t care what price YOU will pay. The databases on the internet don’t have all the info that you need, and many aren’t updated as quickly as you would like them. An agent can find you homes that come right on the market, and you can see it as fast as possible. Believe me, when a nice town home comes on the market with a great price, it won’t stay there long. There are homes that the first day they come on the market go under contract the next day. Also there are HUD homes, taken away by the bank, those go really fast because they are cheap, but not all are in the best condition.Good luck
Yes, a landlord can raise your rent as much as they want, as long as you don’t live in an area with rent conotrl. They cannot raise it during your lease, if you are in a 12 month lease, for example (or 6 months or 9 months, etc), until that lease term is up, then they can raise it to whatever they want.Most large property management companies will raise your rent after a 12 month lease, to keep up with the market rate in that area. Some companies will even bring you in at a low rate and raise it a lot after that 12 month period is over. This obviously surprises and upsets many tenants, but it is the sad truth about renting, as opposed to owning your own property.Since the housing market is not doing good, everyone is renting, so the rent prices skyrocket. When people start buying again, the rents will go down, and so on.If you think about if you pay $1500 a month for renting an apartment (typical here in California for a 1 bdrm apartment!), each year the rent can go up and up and up. In 20 years from now, you may be paying $3000 a month (just a guess) for that same exact apartment.But if you buy a home and your payment is $1500 a month your payment will still be $1500 20 years from now, or 30 years from now (however long your mortgage is), while the apartments in the area are over double or more. Now you can rent out your house with that $1500 mortgage payment, but charge $3000 to rent it out! That is a huge benefit to owning your own property.
NYC being such a great city and the business hub of the entire world where one can expect to find most of the celebrity apartments in these awesome city with all the basic services being found at your doorstep and at in such a high economy where in one ca find a long list of celebrity apartments.
First, find out how much you can afford (go to some loan crluclatoas that are freely available on the net). Then find out what it is you are looking for (there is a ton of variety out there, see realtor.com) and see what the price range is for that type of home. Revise what you are looking for until it is within your previously discovered price range (DO NOT change your price range).After you figure this most important step out talk to several local banks and see if you can pre-qualify for a loan of your price range. It’s OKAY to have multiple banks checking your credit for a home mortgage at the same time so long as the checks are all within a two week period (when the credit score is calculated, it takes into account shopping around when it comes to home mortgages).After you are pre-qualified (hopefully with a few banks) choose the best pre-qualified loan for you (I recommend lower APR over lower payment, but it depends all on your personal circumstances) and then go speak with a realtor about finding the right home for you. If you don’t like the realtor, find a different one, because in the end you are essentially giving them a fat commission check, and I personally wouldn’t want to give that nice sized check to someone I don’t like.If all goes well, you’ll be moving into your new home shortly (30 to 45 days goes by fast). Start packing References :
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