Is this income-restricted, subsidized, or housing-lottery housing?

No. On Openigloo, affordable is a market-relative filter, not an official affordable-housing program. It selects apartments with asking rents at or below the 25th percentile of gross rents for this scope, so it is not NYCHA, HPD, Section 8, or lottery housing.

How is the affordable threshold decided?

Openigloo sets the threshold at 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. On this page, that ceiling is $4,500.

What should I confirm before applying to a rent-stabilized apartment?

Confirm the current lease terms, renewal rules, rent increase history, security deposit, broker fee, and any building charges. Rent-stabilized status does not remove all move-in costs or lease conditions.

How do location, building age, amenities, and lease terms affect affordability?

Even within the same budget, apartments can differ a lot. A more central location, newer building, extra amenities, or shorter lease terms can raise the asking rent, while older buildings or fewer amenities may come in lower.

How does the median rent relate to budget planning for 1-bedroom apartments here?

The median rent is $4,042, which is close to the $4,500 affordability ceiling. That means many 1-bedroom options in this scope are clustered near the upper end of the filter, so it helps to budget for fees and utilities too.

What should I expect from Kips Bay as a neighborhood?

Kips Bay has mostly 1-bedroom and 2-bedroom apartments for rent, and the neighborhood stats show a 4.0/5 average building rating across 58 rated buildings. Openigloo also shows an average tenancy length of 10.6 months and an average rent increase of 10.0% on relisted units, which can help you plan for renewal and turnover.

Affordable rent-stabilized 1-bedroom apartments for rent in Kips Bay

Q: What does this page show?

It shows 10 affordable, rent-stabilized 1-bedroom apartments for rent in Kips Bay, Manhattan, with asking rents at or below $4,500.

Kips Bay has mostly 1-bedroom and 2-bedroom apartments for rent, and this page focuses on 10 apartments for rent in that mix. For renters comparing budgets, 1-bedroom units are a common search starting point in the neighborhood. Kips Bay’s building-level trends show a 4.0/5 average building rating across 58 rated buildings, an average tenancy length of 10.6 months based on 71 relisted units, and an average rent increase of 10.0% based on 173 relisted units (building-level trends; individual units can differ).

Find 10 affordable, rent-stabilized 1-bedroom apartments for rent in Kips Bay, Manhattan. This page narrows the search to units asking at or below $4,500, so you can compare current options within a defined budget and bedroom type. Openigloo helps you check renter-first details before you apply, including building reviews and lease context when available. Because affordable here is market-relative, not income-restricted, you should still review the full monthly cost, rent-stabilized terms, and any fees or move-in requirements before deciding.

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What to check when comparing 1-bedroom affordable, rent-stabilized apartments in Kips Bay, Manhattan

10 apartments for rent are currently in scope, with a median rent of $4,042.
The affordable filter here means asking rents at or below $4,500, not subsidized or lottery housing.
Rent-stabilized units can still have renewal rules, lease terms, and allowed increases that you should review before applying.
For a 1-bedroom, compare the unit layout, storage, and kitchen setup against your budget, since bedroom count and rent often move together.
Ask about broker fees, security deposit, utilities, and any building fees so the full monthly cost is clear before you sign.
Check building-level reviews on Openigloo to look for patterns in maintenance, landlord responsiveness, and turnover.

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1-bedroom affordable rent-stabilized apartments for rent near landmarks in Kips Bay

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Affordable rent-stabilized 1-bedroom apartments for rent in other NYC boroughs

Each borough has a different mix of inventory. Explore apartments for rent in NYC boroughs and find the best fit for your priorities. Start broad, then narrow by bedrooms, budget, and building quality signals.

FAQ

Affordable rent-stabilized 1-bedroom apartments for rent in Kips Bay

Showing 1–10 of 10 listings

Verified

Rent-stabilized

Kips Bay·1 bed, 1 bath

530 2 Ave #5-H

Kips Bay·1 bed, 1 bath

2.8(3)

212 East 25 Street #3

Future

Rent-stabilized

Kips Bay·1 bed, 1 bath

3.5(3)

210 East 25 Street #5RE

Future

Rent-stabilized

Kips Bay·1 bed, 1 bath

3.7(6)

214 East 25 Street #4RE

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What to check when comparing 1-bedroom affordable, rent-stabilized apartments in Kips Bay, Manhattan

10 apartments for rent are currently in scope, with a median rent of $4,042.
The affordable filter here means asking rents at or below $4,500, not subsidized or lottery housing.
Rent-stabilized units can still have renewal rules, lease terms, and allowed increases that you should review before applying.
For a 1-bedroom, compare the unit layout, storage, and kitchen setup against your budget, since bedroom count and rent often move together.
Ask about broker fees, security deposit, utilities, and any building fees so the full monthly cost is clear before you sign.
Check building-level reviews on Openigloo to look for patterns in maintenance, landlord responsiveness, and turnover.