Finding Luxury Furnished Apartments for Rent in NYC

The city that never sleeps is home to millions of people. As more and more people relocate there each year, many wonder whether renting a furnished apartment is the more intelligent choice when starting over. It’s costly enough to relocate without worrying about furnishing it, though it raises topics about its pros and cons.

After you’ve decided on a furnished apartment in NYC, you may come across many furnished apartments characterized by foreign lingo and diverse layouts that leave you scratching your head.

What Is a Furnished Apartment?

Going on an apartment hunt may be both thrilling and stressful because of the wide variety of options you’ll come across. Though when it comes to furnished apartments, they should all be the same, right?

A furnished apartment usually refers to a place with everything you need to live comfortably; however, there’s a difference between partially or fully furnished. In addition to the essential requirements like sofas, beds, and dressers, some apartments also contain rugs, curtains, and kitchen appliances. Some may even come with decor, although those may be harder to find.

Asking the landlord about the apartment’s inclusions is the easiest approach to avoid being taken by surprise when you move in.

How to Find a Furnished Apartment in NYC

If you’re looking for a furnished apartment in New York City, you may wonder where to start your search since a simple internet search returns dozens of results, many of which can be scams. You can begin your search by using apartment search websites or asking your broker.

How luxurious do you want your home to be? Are you happy with the basics? Prioritize your demands while looking for a furnished property. Consider an on-site gym, pool, or community center. If you have concerns, bring them up to your rental agent.

Pros and Cons of Renting a Furnished Apartment

Furnished, semi-furnished, and fully furnished apartments come with their pros and cons. Here are some benefits and drawbacks to consider before signing a lease.

Fewer Upfront Costs

After the deposit and rent, purchasing furniture may be one of the most taxing and costly parts of relocating to NYC, especially if you’re starting over. With a furnished apartment, you have one less thing to worry about while you become used to the city and determine whether you want to settle down for the long term. You’ll save money on hiring movers or renting a truck to transfer larger items and furnishings.

Less Stress During The Move

Another common source of stress during a relocation is trying to fit your whole life into as little space as possible. Moving into a furnished apartment alleviates stress since you must load your baggage with the essentials.

Rent Is Often More Expensive

Expect to pay more when renting a furnished apartment, as you’ll also be leasing the furniture on top of the apartment. If price is a concern, compare the cost of identical apartments (furnished and unfurnished) and the cost to equip a home vs. how long you’ll be renting.

How much is the upcharge for the furniture, and is it worth it? A furnished apartment is perhaps the best alternative if you’re just in the city for a few months. If you’re completely starting over, you may be better off furnishing the apartment on your own.

Broker Fees for Furnished Apartments

When considering the rental of a furnished apartment in New York City, it’s essential to factor in broker fees, which can significantly impact your overall cost. For a one-month rental, broker fees are typically half a month’s rent. However, for longer-term leases up to six months or for leases spanning 12 months or more, broker fees typically amount to one month’s rent or 15% of the annual rent, respectively. Understanding these upfront fees can help you budget effectively and avoid surprises during your apartment search in a city that never sleeps.

Potential Damages

Because you’re renting the apartment and the furniture, you’ll need to take special care to prevent damage, especially if you bring pets. You’re also running a greater risk of not getting your security deposit back for damages that aren’t considered wear and tear.

Final Thoughts

Despite the reasons someone has to find a furnished apartment in NYC, there are multiple advantages and disadvantages. A furnished apartment brings opportunities for newcomers or residents seeking a change. Suppose you’re struggling, and your local real estate agent has the knowledge and experience to avoid delays and make the apartment rental efficient.