Apartments for rent in Roosevelt Island
5 Rentals in Roosevelt Island
About Roosevelt Island
Roosevelt Island is one of New York City's most unique neighborhoods attracting renters who are in the market for something distinctly different from anywhere else in the city. The vast majority of the rentals on the island are in luxury high-rise buildings. These properties market their listings for rent directly as no-fee apartments meaning you won't have to worry about paying exorbitant broker fees. This has made Roosevelt Island popular with those looking for a cheap apartment in a tranquil setting, as prices are lower than in nearby parts of Manhattan and Long Island City. That being said, prices for Roosevelt Island Apartments have been on the rise in recent years, yet they still remain attractive for many. While rents may be cheaper than in most other comparable neighborhoods, living on the island may prove difficult for some due to the limited amenities the neighborhood offers. Some of the largest rental apartment complexes on Roosevelt Island are The Eastwood and The Octogan.
For renters who are looking for a place where they can escape the urban jungle or who just want to live in a very green and pet-friendly neighborhood, Roosevelt Island is a great choice. Besides the ability to score a deal on a Roosevelt Island luxury apartment, residents enjoy a unique and visually stunning commute via the iconic tram. The main drawback is that there's little in the way of nightlife and entertainment on the island. The neighborhood remains one of the few in the city that will benefit from having more residents and ongoing new residential development. Besides helping to keep rent prices in check, an influx of new renters will encourage new businesses to open their doors on the island. One of the ongoing new developments on the island is the Cornell Tech campus, which broke ground in 2012. The first face of the tech campus opened in September 2017, with the entire project slated to be completed by 2037. It's expected that the campus will help bring thousands of new residential apartments to Roosevelt Island, along with new jobs, coffee shops, restaurants, and other businesses, all of which will benefit the area's residents.
Roosevelt Island Average Rent and Inventory
The average monthly rent for an apartment in the neighborhood is $3,421.
There are currently no studios available for rent in Roosevelt Island.
There are 4 one-bedroom apartments for rent in the neighborhood with an average price of $3,126 per month.
There are 1 two-bedroom apartments for rent in Roosevelt Island with a median price of $4,600 per month.