The Cost of Furnished Apartments in NYC: What to Expect and How to Budget
September 13, 2024
Discover the cost of furnished apartments in NYC and learn how to budget effectively. Explore options from luxury to affordable apartments in Manhattan.

New York City is a busy city with many housing options. However, it can be hard to find a furnished apartment that fits your budget. Understanding the cost and knowing how to make a good budget is essential, whether you're looking for high-end furnished apartments in New York City or more affordable choices like midtown furnished apartments. In this blog, you'll learn about how much furnished apartments in Manhattan
and other parts of New York City cost, the factors that affect prices, and how to stick to your budget.
Understanding the Cost of Furnished Apartments in NYC
In New York City, furnished apartments cost more because they are more convenient and give you more freedom. Most NYC furnished apartments cost the same amount as the rent, which usually includes the rent, the furniture, and the utilities. Prices can change a lot, though, based on where the apartment is, how nice the furniture is, and what other services are available.
- Location: Apartments in Manhattan or Midtown, for example, tend to have higher prices. As an example, Manhattan apartments that come fully furnished are some of the most premium, especially in places like the Upper East Side and Tribeca.
- Type of Furnishing: Luxury furnished apartments in New York City are much more premium than regular furnished apartments. The price of luxury apartments goes up because they usually come with designer furniture, high-end appliances, and other nice extras.
- Lease Duration: Most of the time, short-term leases cost more per month than long-term rentals. You should expect to pay more than for a one-year lease if you only plan to stay for a few months.
Budgeting for Furnished Apartments in NYC
If you want to find a furnished apartment in New York City, you need to think about more than just the rent when making your budget. Here is a list of things you should include in your budget:
- Rent: As mentioned, rent can be very different based on where the apartment is and how good it is. To get the best deal, make sure you look at rents in several different areas.
- Security Deposit: A security deposit of one month's rent is what most renters ask for. This deposit might be bigger for high-end apartments that come fully furnished.
- Utilities: Some furnished apartments include utilities like internet, water, and power in the rent, while others may charge extra for these. Talk to the owner about this to avoid any surprises.
- Additional Fees: Keep in mind that there may be extra fees, like cleaning fees, parking fees, or pet fees. These things can add up and change your spending as a whole.
- Insurance: To protect your things, you should definitely get renters insurance. You should plan for the cost of insurance in your budget.
Tips for Finding Affordable Furnished Apartments
It might take some work to find affordable furnished apartments in New York City, but it is possible if you do it the right way:
- Search in Less Popular Areas: Even though Manhattan is nice, you might find more affordable furnished apartments in places like Queens or Brooklyn that aren't in the city's center.
- Negotiate the Rent: If you're going to be staying for a long time, don't be afraid to bargain for the rent. The apartment may be affordable if you sign a longer lease or if it has been on the market for a while.
- Consider Shared Housing: If you're willing to share an apartment, you can save a lot of money. When you live with other people in a furnished apartment, you can split the rent and utility costs.
The Value of Luxury Furnished Apartments in NYC
If comfort and ease of use are important to you, then luxury furnished apartments in NYC
are worth the money. With their high-end furniture and modern appliances, these apartments offer a better way to live. They also often come with access to special features like fitness centers, concierge services, and rooftop lounges.
- Convenience: You don't have to spend time and energy setting up your apartment yourself because everything is already there when you get there.
- Comfort: Modern conveniences and high-quality furniture make your stay more pleasant.
- Prestige: Living in a high-end, fully-furnished apartment in a great part of New York City can be a sign of your success and way of life.
How to Budget for Luxury Furnished Apartments
You'll need to make changes to your budget if you want to rent a high-end apartment that comes fully furnished. These suggestions will help you handle your money better:
- Prioritize Your Needs: Figure out what factors are most important to you, like location, services, or the quality of the furniture. This will help you choose how to spend your money.
- Save on Non-Essentials: Spend less on things that aren't necessary to have more money for rent. One way to help pay for the higher rent of a luxury apartment is to eat out less or spend less on fun.
- Plan for Additional Costs: There are often extra fees or costs that come with luxury apartments, like bigger security deposits, maintenance fees, or fees for amenities. Add these to your budget as soon as possible.
Conclusion
It's important to think about the prices of renting a furnished apartment in New York City, whether you're looking in Midtown or Manhattan. You can find an apartment that meets your needs without going over your budget if you know the different things that affect the price and plan your budget accordingly. There are many types of apartments in New York City, so there is something for everyone. You can choose from high-end, fully furnished apartments or something more affordable.

In a colossal city like The Big Apple, the options you have for where you’re going to stay are just as massive as the city. Obviously, you wouldn’t just show up to the city without having previously established a financial gameplan. Naturally, the prices will vary depending on several factors: the borough you land in, the time of year, inflation, your credit rating, the websites for short-term rentals in NYC you use—the list goes on. Corporate apartment rentals in NYC have recently seen a renaissance in usage in the 2020’s. While hotel options are exuberant, short-term rentals offer more flexibility, bigger living space, and more often than not, better deals. However, navigating the seemingly endless cycle of rental platforms and prices can be tricky, especially when trying to stick to a budget. In this article, we will carefully examine the best tips budget for your stay and how and where to find the best short term rentals and corporate apartment rentals. In NYC, prices for short-term rentals can alternate drastically. A small studio apartment in a central location like Manhattan can start for around $150 per night during the off-peak season, but prices can easily escalate to $300 or more during peak tourist season. Corporate apartment rentals in NYC might cost you anywhere from $3,000 to $7,000 for a month-long stay, depending on things like amenities and how far it is from public transportation and the city highlights. Top Websites for Short-Term Rentals in NYC One of the first steps anyone should take when searching for the right short term rental in NYC is using the power of our good friend the internet. Websites like Virgo and Airbnb are ideal for comforting getaway travels to clear your head while Furnished Finder and Sabbatical Homes are for the business travelers looking for the best corporate apartment accommodation. ● Airbnb – Best for travelers and those seeking unique, home-like accommodations. ● Vrbo – Another strong runner-up for vacation rentals, often offering larger properties or whole homes. ● Furnished Finder – Perfect for professionals looking for corporate apartment rentals in NYC. They specialize in longer stays such as 30 or more days with fully furnished options. ● Booking.com – While traditionally a hotel booking site, it is also upgrading to offer short-term apartment and vacation rentals, which are often more competitive in terms of pricing for business travelers. ● Sabbatical Homes – A niche site that caters to academics and professionals looking for short-term rentals. It’s especially good for those who need more specialized accommodations. Budgeting Your Stay As mentioned above, tenants can stay in NYC in a short term rental or corporate apartment for 30 days or more. So not only are you going to have to budget accordingly but you’re certainly going to have to pack accordingly. There are several factors that everybody has to consider when budgeting for your NYC stay. These things include cleaning and maintenance fees, property taxes, property management fees, utilities, furniture appliances, and guest appliances. How much you will end up paying depends on a number of factors. These factors include the location of where you are staying, the amenities that are included in your apartment which would naturally affect the cost of your stay and of course the duration of your stay plays a significant role in how much you’ll end up paying. Corporate Stays: What to Expect from Corporate Apartment Rentals in NYC Corporate apartments are more often than not located in central Manhattan. Tenants can expect fully furnished furniture. Since these are specifically designed for business folks to conduct their affairs, you can expect gorgeous amenities. These include business lounges, in house washers and dryers, basic utilities such as cable, a phone, high-speed internet. They can also include fitness centers, pools, saunas, or even yoga studios for those moments that every hustler needs to step away from their assignments for a bit. Some even go so far as to have things like an outdoor recreational area for barbecues and other things of that nature. The delightful furniture that comes with a corporate furnished apartment includes stylish sofas, coffee tables, dining table and chairs, nightstands, artwork and wall decor, curtains and blinds and rugs. While all of these amenities sound familiar to that which you can find in any expensive hotel, the design and layout of these corporate apartments are to cover all the bases in what is supposed to feel like a home-like environment. Living in a post-pandemic world that while most of the turmoil of that time is long behind us, it did somewhat permanently alter the way in which we conduct business. Millions of people stayed home from the office and conducted their business from the comfort of their own homes which is a crucial example why these home-like corporate rentals have seen such a rise in popularity. Additional Tips for Saving Money As we all know New York City can be expensive, but with a sense of strategy and pre-planning, you can save and cut costs without sacrificing the comfort and enjoyability of your stay. Here are a few additional tips to help you save money during your short-term rental stay. Always make sure to book in advance. With the help of the aforementioned websites for short term rentals in NYC, booking weeks or even months in advance is the most pragmatic approach to getting the best deal available. Rental prices can increase or decrease based on demand, and booking early allows you to take full advantage of better deals before prices spike. Although neighborhoods like Manhattan can offer some of the best corporate housing available, for the sake of saving money in your search, it may be wise in this instance to book somewhere else. In particular, a corporate apartment that is close to public transit. Areas like Queens, Brooklyn or Washington heights can all offer a less expensive alternative that’s a fraction of the price while simultaneously being close to public transportation. Another piece of advice is to not settle for the first listing you see. Use price comparison websites or apps that compare rental listings, like Kayak, Tripping, or Airbnb’s own pricing tools, to look at rates across multiple platforms. You may find the same apartment listed at different prices on different sites. One final tip is to look for discounts and promotions. Always check if there are any promo codes or special offers available before finalizing your booking. Conclusion And there you have it! We’re currently living in an exhilarating new time in the world of vacations and staycations. As the world continues to evolve, sometimes for the better, sometimes for the worse, it’s always important to make the most of it. People who are always away on business are surely taking full advantage of this new means of corporate hospitality and they are doing so by using technology and websites for short term rentals at their disposal.

Finding the right accommodation in New York City can be overwhelming, especially for business travelers who need comfort, convenience, and flexibility. Hotels are often expensive, restrictive, and lack the space professionals need to work and relax. That’s where monthly furnished apartment rentals come in. These rentals offer a home-like experience, with fully equipped spaces, better pricing, and prime locations close to corporate hubs. Instead of navigating the high cost and limitations of hotels, professionals can enjoy affordable, spacious, and flexible living in move-in-ready apartments across NYC. In this guide, we’ll explore why monthly furnished rentals are the best option for business travelers looking for cost savings, privacy, flexibility, and premium amenities. 1. Save Money Compared to Hotels 💰 Staying in a hotel for a month in NYC can be shockingly expensive. With average rates exceeding $300 per night, a month-long stay could cost nearly $9,000—and that’s before factoring in taxes, resort fees, and daily expenses like laundry and dining out. In contrast, monthly apartment rentals in NYC typically range between $4,500 and $7,500 per month, including rent, Wi-Fi, utilities, and access to premium amenities. Not only does this cut costs significantly, but it also provides a more comfortable and spacious living environment. For companies relocating employees or sending teams on extended projects, the savings are even more substantial. Businesses can negotiate corporate housing discounts for longer stays, reducing costs even further while ensuring employees have high-quality accommodations. 2. Prime Locations Close to Business Hubs 📍 New York City is vast, and location is everything. Unlike hotels, which are often clustered around tourist areas, monthly rentals are available in top business districts, allowing professionals to stay closer to their offices, coworking spaces, and key client meetings. Best NYC Neighborhoods for Business Travelers Many furnished corporate apartments are strategically located in: • Midtown Manhattan, home to major corporate offices, law firms, and media headquarters. • The Financial District (FiDi), ideal for finance professionals working on Wall Street. • Chelsea & Flatiron, popular with tech startups and digital agencies. • Tribeca & SoHo, offering luxury rentals for executives. • Brooklyn (DUMBO & Williamsburg), perfect for remote workers who prefer a creative and vibrant atmosphere. By staying in a monthly rental near your workplace, you can eliminate long commutes, reduce stress, and make the most of your time in NYC. 3. More Space & a Home-Like Experience 🏡 Unlike hotels, where you’re confined to a single room, monthly apartment rentals in NYC offer a fully furnished living space designed for both work and relaxation. Most furnished corporate rentals come with: • A separate bedroom, living area, and kitchen for better comfort. • A fully equipped workspace with fast Wi-Fi, perfect for remote work. • A kitchen to prepare meals and save on dining costs. • In-unit laundry facilities, eliminating the need for expensive hotel laundry services. For business travelers who are spending weeks or months in NYC, having a comfortable, fully equipped space makes a huge difference. Whether you need to host a virtual meeting, cook a meal, or unwind after a long day, a furnished rental provides the privacy and convenience you won’t get from a hotel. 4. Privacy & Independence 🚪 One of the most frustrating aspects of hotel stays is the lack of privacy. Housekeeping staff enters daily, common areas are shared with noisy guests, and there’s little control over your environment. With a monthly apartment rental, you get: • A completely private living space, with no unexpected interruptions. • A quiet work environment without distractions from hotel guests. • No strict check-in/check-out restrictions, giving you the flexibility to adjust your schedule. For professionals who need a peaceful, productive atmosphere, a monthly furnished apartment ensures a stress-free stay with maximum privacy. 5. Flexible Lease Terms 📆 Most long-term NYC rentals require 12-month leases, making it difficult for business travelers to find short-term options. Monthly rentals solve this problem by offering: • Short-term leases (1–6 months), perfect for temporary assignments. • No long-term commitments, allowing flexibility for work projects. • Move-in-ready apartments, so there’s no need to buy furniture or set up utilities. This flexibility makes monthly apartment rentals the best option for professionals who need temporary housing but don’t want to commit to a full-year lease. 6. Fully Equipped & Move-In Ready 🏠 Furnished apartments aren’t just about the space—they’re also about convenience. Business travelers need a seamless transition, and move-in-ready rentals provide everything needed for a comfortable stay. Most corporate rentals include: • High-speed Wi-Fi, ensuring uninterrupted work and video calls. • Smart TVs with streaming services, so you can unwind after a long day. • A fully stocked kitchen, saving money on expensive NYC restaurants. • Building amenities like a gym, rooftop lounge, or business center. Instead of dealing with the hassle of furniture shopping and utility setups, you can move in and start living comfortably from day one. 7. Easy Access to NYC’s Best Transportation 🚇 One of the biggest advantages of staying in a monthly rental is being close to NYC’s extensive public transportation network. Whether you’re heading to a meeting in Midtown, a networking event in Brooklyn, or catching a flight at JFK, convenient transit access is a must. Key Transit Hubs Near Monthly Rentals • Grand Central Station – Perfect for Midtown-based professionals. • Penn Station – Easy access to Amtrak and NJ Transit. • World Trade Center Transportation Hub – Serves FiDi and Wall Street executives. With subways, buses, CitiBike, and ride-sharing services nearby, commuting becomes effortless—another reason why furnished corporate rentals are the preferred choice for professionals. Final Thoughts: Why Business Travelers Prefer Monthly Furnished Rentals in NYC For business travelers who need a comfortable, flexible, and affordable accommodation option, monthly apartment rentals in NYC offer significant advantages over hotels. Key Takeaways • Cost savings – Up to 50% cheaper than hotels. • Prime locations – Stay close to business districts & coworking spaces. • More space & privacy – Work and live comfortably. • Flexible stays – No long-term contracts. If you’re looking for the best furnished corporate housing in NYC, Urban Furnished offers premium monthly rentals designed for business travelers. 📌 Book Your Monthly Apartment Rental Today! 🔗 Urban Furnished NYC – Explore Listings Want Help Finding the Right Monthly Rental? (FAQs) ❓ Are furnished apartments in NYC cheaper than hotels? 💡 Yes! Business travelers save 30-50% compared to hotels. ❓ What’s included in a monthly rental? 💡 Fully furnished space, Wi-Fi, utilities, and building amenities. ❓ Where can I find the best corporate housing in NYC? 💡 Urban Furnished NYC offers high-quality apartments in top business districts.