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The Census Bureau estimates that approximately 8.4 million people resided in New York City in 2009. With so many people owning or renting in the area, it is no surprise that it can be cutthroat to rent New York City apartments. Before visiting apartments, renters should prepare financially, gather the appropriate documents, and clearly define their search criteria. By doing so, renters will be equipped to immediately apply for a desired apartment.

Prepare for the Move Financially

It goes without saying that renters must consider how much they can afford in monthly rent payments and plan accordingly. If renters will be making less than forty-five times the monthly rent, they should search in advance for a guarantor or guarantors whose combined annual salary is at least seventy-five times the monthly rent. This guarantor must agree to be responsible for rent should the renter fail to pay it.

Renters will need to pay large sums up front when renting an apartment. At the time of applying, the owner may demand an application and credit check fee (between fifty and two hundred dollars). Renters may also need to provide a deposit to take the apartment off the market (up to a month's rent). That deposit is refundable if, and only if, the application is denied.

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