Over the past several years, the East Village has made the transition from a gritty artists' enclave to an affluent neighborhood popular with students and home to Trader Joe's and Target outposts. The rental housing has kept pace with that trend to offer a new crop of buildings with stylish interiors and upscale amenities.
As of this writing, the East Village's overall median rent comes to $2,700/month, a figure down 27% since the onset of the coronavirus pandemic in mid-March 2020. This applies to apartments of all sizes - the median rent of an East Village studio now comes to $2,300/month (down 22% from last March), and the three-bed median rent is $4,518/month (down 28%). At the same time, local inventory is up 111% from last year - there are 359 listed availabilities in the East Village today, as opposed to the 170 available at this time last year. Part of this may be attributed to limited on-campus learning for New York University students, but they are likely to return in the coming academic year.
The decline in rents has slowed, and the number of availabilities is falling week-over-week. Below, see East Village rent data, as well as our ranking of amenity-rich new rentals that have taken shape in recent years.
As of this writing, the East Village's overall median rent comes to $2,700/month, a figure down 27% since the onset of the coronavirus pandemic in mid-March 2020. This applies to apartments of all sizes - the median rent of an East Village studio now comes to $2,300/month (down 22% from last March), and the three-bed median rent is $4,518/month (down 28%). At the same time, local inventory is up 111% from last year - there are 359 listed availabilities in the East Village today, as opposed to the 170 available at this time last year. Part of this may be attributed to limited on-campus learning for New York University students, but they are likely to return in the coming academic year.
The decline in rents has slowed, and the number of availabilities is falling week-over-week. Below, see East Village rent data, as well as our ranking of amenity-rich new rentals that have taken shape in recent years.
In this article:
1 Beds from $4,358 | 2 Beds from $6,000 | 3 Beds from $8,344
Rent concession
Extell makes its mark on the East Village with EVGB. All apartments feature white oak flooring, oversized windows, an in-unit washer/dryer, and a kitchen with Miele and Bosch appliances, wood and glass cabinets, and a breakfast bar (even in studios). There is a Target in the base of the building, and an enviable amenities package includes a two-level gym, indoor saltwater lap pool, children's playroom, lounge with bar and kitchen, and a 19,000-square-foot roof deck with fire pits, pergolas, bocce court, putting green, and dining and lounging areas.
Studios from $3,417 | 1 Beds from $5,125
2 months free rent on a 12-month lease
It has been more than 10 years since 2 Cooper Square was built, but its amenity package has more than stood the test of time. Residents have access to a 24-hour attended lobby, fitness center, club lounge with arcade games, cinema room, and best of all, a landscaped roof deck with a swimming pool that offers those quintessential city views. Apartments vary from studios to three-bedrooms and feature oak wood floors throughout, Bosch washer and dryers, individually controlled heating / cooling systems, terraces in select residences, and large windows that show off views of Cooper Square, NoHo, Financial District, Greenwich Village, and more.
Studios from $3,258 | 1 Beds from $5,014 | 2 Beds from $6,429
Up to 2 months free rent on a 14-month lease
The Nathaniel is another East Village rental with a pool, but since it's a reflecting one, it's not meant for swimming. Still, the building offers plenty in terms of luxury, including a courtyard, private gym, rooftop deck, the Nathaniel Club lounge, and a 24-hour attended lobby. There are 20 unique floor plans, and all feature open-concept living areas, floor-to-ceiling windows, white oak floors, an in-unit washer/dryer, modern baths, and kitchens with a paneled dishwasher, Liebherr refrigerator, custom high-gloss cabinetry with wenge wood details, and Caesarstone blizzard white counters.
Studios from $2,425 | 1 Beds from $3,661 | 2 Beds from $5,364
Up to 1.5 months free rent
Built in 2007, Avalon Bowery Place still boasts enough amenities and apartment finishes to compete with newer developments. Amenities include a fitness center, lounge with billiards, free WiFi in common areas, covered parking, full-service valet, package acceptance services, a courtyard, and finally, a rooftop terrace with lounge seating, grills, outdoor heaters, a TV, a fire-pit, and a landscaped BBQ area with picnic tables. The apartments feature floor-to-ceiling windows, in-unit washer/dryers, and recently renovated kitchens with quartz stone countertops and backsplash, pendant lights, and stainless steel appliances.
Lucky residents of Arabella 101 will get to enjoy panoramic Manhattan skyline views – including One World Trade Center and the Empire State – as well as
apartments with condo-like finishes, bamboo flooring, stainless steel appliances, and video intercom. On top of boasting luxury amenities like a fitness center, recreation room, furnished roof deck with BBQ grill, and an herb garden, the building is also LEED certified.
1 Beds from $4,858
1 month free on a 12-month lease
Eleventh and Third cleaned up well when it underwent extensive renovations in 2014. It now boasts new amenities that rival many condos, including a fitness center, yoga room, lounge, and landscaped terrace. The boutique building also has top-shelf interior finishes like repurposed concrete countertops, new gallery windows, walnut flooring, and kitchens with unique self-closing drawers and cabinetry.
Studios from $2,315 | 1 Beds from $3,222 | 2 Beds from $4,356
Rent concession
The Adele offers a fully-equipped gym, second-floor patio, recreation room with Smart TV and WiFi, and a furnished rooftop terrace with a great lawn, lounge areas, dining tables, and panoramic views. Residences feature bamboo plank hardwood floors, wireless Bluetooth speakers in every living room and bedroom, and custom Italian kitchens.
Known for its iconic Tibor Kalman-designed rooftop clock, 250 East Houston Street was recently renovated and now offers modern residences with updated amenities. These feature high ceilings, luxury wide-plank flooring, custom solar shades, wireless thermostats, high-end stainless steel appliances and under-cabinet lighting in the kitchens, oversized closets, and in-unit washer/dryers. Amenities include a state-of-the-art fitness center, private conference room, lounge, serenity garden, and landscaped, furnished roof terrace.
152 Second Avenue is a boutique walk-up located between East 9th and 10th Streets. Interiors by Paris Forino, feature whitewashed oak floors, limed brick walls, oversized windows, digital thermostats, and an in-unit washer/dryer. Amenities include a new video intercom system, bike room, storage lockers, and shared roof deck.
All images of EVE via Winthrop Management
One of the newest entrants to the East Village rental market, EVE presents a modern interpretation of the area's architecture. Apartments feature Scandinavian-inspired interiors, oversized windows, wide-plank hardwood flooring, and sleek open kitchens with stainless steel appliances. Trader Joe's is the building's retail tenant, and amenities include a state-of-the-art fitness center, billiards lounge, private dining room, pet grooming station, landscaped courtyard, and roof terrace with barbecues, outdoor TV, and skyline views.
Studios from $1,842 | 1 Beds from $2,665
2.5 months free on a 13-month lease
All images of The Niko via C & C Apartment Management, LLC
The Niko's brick facade fits in well with its Alphabet City neighbors, and the apartments within offer a contemporary flair. All units feature thoughtful layouts, oversized windows, white oak flooring, quartz countertops, stainless steel appliances, and Grohe fixtures. Select apartments offer private terraces, walk-in closets, and washer/dryers. A live-in superintendent and part-time doorman are on staff, and amenities include a bike room, a package room with cold storage, a fitness center, a lounge, a second-floor terrace, and a roof deck with cabana seating, barbecue area, and panoramic views.
Studios from $2,423 | 1 Beds from $3,649
1.5 months free rent on a 13-month lease
The Hub Avenue B is a seven-story, 40-unit rental packed with enough modern finishes to pass as a condo. Interiors are spacious and equipped with floor-to-ceiling windows, recessed lighting, and brand new stainless steel appliances for its open kitchens. Select residences have private terraces, and all amenities include a central laundry room, bike storage, two elevators, a sunroof, and a roof terrace with city views.
L+M Development Partners
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