Oxford Property Group | Renters Guide

Step-by-Step Process of Renting an Apartment in NYC

  • 1Have a budget
  • 2Know what your apartment must-haves are and what you are willing to compromise on. Each apartment is unique and knowing what you really need is essential.
  • 3Have the right paperwork ready. This will often include:
    • A letter of employment, including salary verification (and a start date if not yet employed). If a bonus is expected, that should be noted as well.
    • Bank account numbers (checking and savings) and credit card numbers
    • Names, addresses, and phone numbers of previous landlords
    • Names, addresses, and phone numbers of accountants or attorneys, if applicable
    • Names, addresses, and phone numbers of personal and business references
    • Tax returns
    • Pay stubs or payment statements
    • Personal identification including a photo ID (such as a drivers license or passport)
  • 4If you're relocating from out of state:
    • Be ready to provide certified checks.
    • Personal or out-of-state checks will not be accepted.
  • 5Having access to a bank account in New York can help with this, but if this is not possible, bring the funds with you.
  • 6If using traveler's checks, bring enough to have them converted into certified checks.
  • 7Possible required funds to be aware of
    • Many rentals will require two months rent and a security deposit.
    • Bring funds to cover broker's fees if your company is not covering them for you. The tenant is responsible for broker's fees in New York City.
    • Bring funds for a credit check (at Oxford, this may often be paid by personal check)
    • Be prepared for possible move-in/move-out fees
  • 8When you have the right place for you, you will be asked to fill out a rental application and some miscellaneous documents. Your agent will negotiate the price and lease terms for you. If you accept, a credit report will be run and your references will be checked.
  • 9Once all parties sign the lease and the checks are presented, you're in!