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New York Renters Insurance: How to Rent New York City

New York Renters Insurance: How to Rent New York CityNew York Renters Insurance: How to Rent New York City

 

For years New York City has been considered the city where dreams come true. Despite the city’s expensive cost of living, individuals all around the United States migrated to its concrete jungles in hopes of pursuing aspirations they didn’t believe were attainable.  New York City was and is still one of the most expensive cities to live in. While the country is still in an economic depression, New York City has jumped back up a few years ago. In fact, NYC was only significantly affected in 2009 when the rent decreased 10%-12%. Due to the job market’s growth, rent is even more expensive than before the recession. The city’s developers and architects simply cannot meet the demand. Unlike the rest of the United States, the vacancy rate is at a low 1% and rent prices have increased significantly due to this demand. Although landlords may be happy to see such a high demand for housing, current and prospective renters are worried that their money is not enough to afford any housing in New York City. While many have found more cost efficient alternatives such as moving to nearby New Jersey cities where a short train ride can get them to their job in the city, many renters still desire that ideal New York City lifestyle. But how much can your money get you in a city that never stops growing? This post is provided by AJ Benet New York Renters Insurance. Call us today for a free quote – (888) 639-4560

Citi-habits.com has computed an analytic market report of how much your money can get you in 2012.

  • If you are not able to afford anything above $2000, your options include a studio in the locations of Harlem, Lower East Side, Morningside Heights, Upper East Side, and Washington Heights.
  • If you would like to spend $2000-2600, you are able to afford a studio in Chelsea, East Village, the Gramercy/Flatiron, Midtown East, Midtown West, Murray Hill, Soho/Tribeca, Upper West Side, Wall Street/Battery Park, and the West Village. However you are also able to afford one bedroom in the Lower East Side, Morningside Heights, and the Upper East Side, as well as a two bedroom in Harlem and Washington Heights.
  • The majority of the one bedrooms range from $2700-$3600, the two bedrooms range from $3500-$6500, and the three bedrooms range from $4800-$9300.

Renters insurance is relatively inexpensive and goes a long way in protecting you and your belongings.

We invite you to request a courtesy New York Renters Insurance quote at your convenience at (888) 639-4560, or if you prefer email us or return the form on this page. Since 1964, A.J. Benet has been serving individuals, residents, and businesses from Manhattan to Mamaroneck to Rye, we cover all of New York.

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