I went to NYU for undergrad and moved out of housing after my freshman year, so I went through the entire apartment search experience that you guys are about to go through. Plain and simple: it sucks. Hopefully any advice I can give you can ease the process somewhat, but if youre going to get an apartment you like at a price you like, then youre going have to take initiative and research on neighborhoods, average prices, etc.
New York City is unique in that the city has such a low non-occupancy rate (that is, almost all apartments in NYC already have residents and arent empty and waiting for someone else). Most apartments that are available dont even get listed because if its nice, the present occupants are surely going to pass it onto someone they already know. In general, you should start searching about a month before you want to move in. Because theres not that much housing available, youre going to have to be ready to move QUICKLYif you see an apartment you like, you need be prepared to sign a lease and hand over a check almost immediately, otherwise you risk losing the apartment to the next person in line (Im not joking. I waited 2 hours for my roommate to come see the apartment, and by the time she got there, someone else came along with a check in hand and signed on the apartment). Get everything ready before you actually go out to see apartments: you need bank statements, pay stubs, letters from previous landlords, and obviously, enough money in your bank account to write a big fat check (usually a security deposit with first and last months rent). If you dont make enough money, which Im sure is the case as were students, youll also need a guarantor to sign off on the lease as well.
I personally tried not to work with a broker because I couldnt bear the thought of handing over a commission, but eventually I gave in and worked with a company called Benjamin James. They charged me 15% of annual rent, which ends up being around 1 months rent (sad). The agent I worked with was really friendly though and really really (really) upbeat; Im not sure she works there anymore, and Im sure all realtors are different, so dont work with one if youre not comfortable with them.
I know a lot of people are talking about moving to Brooklyn or Queens. Nowadays, Brooklyn has become so gentrified that prices actually comparable to living in the city (fyi, people who live in New York call Manhattan the city, as if everyone will just automatically know what city theyre talking about). Dumbo, Brooklyn Heights, Cobble Hill
theyre all nice neighborhoods, but will still cost you. Brooklyn is only worth it in terms of price if you move about 30-40 minutes outside of Manhattan by train (which means 45 minutes to an hour from NYU campus). However, it may be worth it to you to pay the same price as you would in Manhattan, but to get a slightly larger living space.
Queens is generally still good in the price ranges, as it hasnt really been discovered yet (ie, taken over by hipsters and yuppies). Its not as cute as Brooklyn is, but its certainly cheaper, and pretty safe overall (depending on what part you live in, of course). I dont know much about Queens, as I didnt extend my apartment search to there, but I do know that Astoria is one of the better neighborhoods (my cousin was able to get an apartment with a roommate, and each paid 700 for rent for their own bedroom). Also, I absolutely HAVE to mention LIC, Long Island City. LIC is right by the water as its literally a subway stop from Manhattan, and for the past 5-6 years or so, theres been huge condo developments happening. Brand new, so pretty. If you live in LIC, itll take you about 30 minutes to get to school in total (including walking and time waiting for the subway). Honestly, I would love to live in these buildings. I have a friend who lives in one of the Avalon buildings (all rentals), and its literally right by the river. Theres a park in front of the cluster of condo buildings. In the summer, people come out and have picnics and read newspapers and lay down on the grass to suntan. Its like freakin Central Park right in front of your building. Honestly, until you move to this city, youll never appreciate the simple pleasures of seeing a tree, or sitting on the grass.
Whoa, I wrote a lot. If anyone has questions about any of the other neighborhoods in Manhattan, feel free to ask or to PM me! Honestly, I know a lot. Researching Manhattan real estate is one of my favorite things to do to waste my time.