Affordable 1-bedroom apartments for rent in Kips Bay

Affordable is a market-relative filter on Openigloo. It includes 1-bedroom apartments for rent in Kips Bay with asking rents at or below $4,500/month, based on this page’s local rent distribution.

No. This page is not tied to income-restricted housing, subsidized housing, NYCHA, HPD, Section 8, or lottery units. It is a market-relative affordable apartments filter based on asking rent.

Openigloo sets it using the 25th percentile of gross rents for the Kips Bay neighborhood in Manhattan for 1-bedroom apartments, then clamps it to a safe floor and ceiling so it stays usable.

Because asking rent is only part of the cost. Broker fees, deposits, utilities, and lease terms can change the real monthly budget, even when a unit fits the $4,500 threshold.

Ask about the full move-in cost, lease length, rent increases at renewal, included utilities, and any building fees. For a 1-bedroom, also check whether the layout leaves enough room for storage and a proper sleeping area.

The page has 24 apartments for rent and a median rent of $4,042, so you can use the median as a rough midpoint while comparing each unit’s total cost and layout against your budget.

Location within the neighborhood, building age, amenities, and lease terms can all move rents up or down. Older buildings may trade lower asking rent for fewer amenities, while newer buildings can add monthly costs.