NYC Housing: What You Need to Know in 2025

Looking for an apartment in New York? You’re not alone. The city moves fast, and the rules change every year. Below you’ll find the most useful steps, costs, and legal bits to keep your search on track.

How to Rent an Apartment in NYC

The first thing most people ask is, "How do I even start?" Start with a budget that includes rent, utilities, broker fees, and a moving buffer. In 2025 the average broker fee is still around one month’s rent, so factor that in early. Then, gather the paperwork: recent pay stubs, tax returns, and a good credit report. Landlords love a complete file; it speeds up approvals.

When you find a place you like, act fast. Submit an application, pay the fee, and be ready for a credit and background check. If the unit is rent‑stabilized, you’ll get protection against big rent hikes, but you still need to sign a lease that meets city standards. Read the lease line by line – look for clauses about pet policies, subletting, and renewal options.

Don't forget the “move‑in” costs. Besides the broker fee, expect a security deposit (usually one month’s rent) and the first month’s rent due at signing. Some buildings ask for a “key money” payment; that’s extra and not required by law, so negotiate if you can.

NYC Rental Laws and Costs

New York’s rental laws are strict, which is good news for tenants. The city limits security deposits to one month’s rent, and landlords must give at least 24‑hour notice before entering your unit, unless it’s an emergency.

Eviction rules have tightened as well. In 2025 a landlord can’t evict you for non‑payment without a court order, and they must follow a detailed timeline. If you receive an eviction notice, respond within the given period – ignoring it will only make things worse.

Another cost to watch is the “brokerage commission.” Some listings are “no‑fee” because the landlord pays the broker, but many still require the tenant to cover it. Knowing which side pays can save you a few hundred dollars.

For the curious, even NY license plate colors got an update in 2025. The state introduced a new “Empire Gold” series for electric vehicles, which can affect registration fees. If you own a car, checking the plate style can help you avoid surprise charges.

Finally, remember that New York City offers a variety of assistance programs. If your income is below a certain threshold, you might qualify for rental vouchers or tax credits that lower your monthly payment. Check the NYC Housing Preservation & Development website for up‑to‑date eligibility details.

Whether you’re a first‑time renter or moving across boroughs, the key is preparation. Keep your documents ready, know the fees, and understand your rights. With those basics in place, finding a home in the city that never sleeps becomes a lot less stressful.