Rent-stabilized apartments for rent near M14D-SBS Lower East Side - Chelsea Piers in Gramercy Park, Manhattan

It means the apartments are tagged as rent-stabilized, a regulatory category with limits on certain rent increases and renewal protections. It is not the same as affordable housing or a guaranteed low rent.

No. Rent-stabilized apartments are not income-restricted, subsidized, housing-lottery, NYCHA, HPD, or Section 8 housing. The filter is about rent regulation, not a government affordability program.

Openigloo applies the rent-stabilized filter based on the page’s scope, then surfaces apartments tagged to that regulatory category. The filter does not set a rent cap the way an affordable-price filter would.

The 31+ apartments for rent show there is some current inventory near this M14D-SBS stop, while the $5,274 median rent gives a quick sense of the middle of the market. Use both to judge whether your budget matches this part of Manhattan.

East Village has 225+ apartments for rent, Hell's Kitchen has 388+ apartments for rent, Stuyvesant Town/PCV has 268+ apartments for rent, Kips Bay has 221+ apartments for rent, and Yorkville has 196+ apartments for rent.

Ask about renewal timing, rent increases allowed under the stabilization rules, broker fees, security deposit, application requirements, and any building-specific restrictions. The full monthly cost can be higher than the asking rent once fees and utilities are included.

Location within Manhattan, building age, amenities, lease terms, and extra charges like fees or utilities can all change the real monthly cost. Even in rent-stabilized housing, confirm the total move-in and monthly expense before you commit.