Rent-stabilized verified apartments for rent near 5 Train in Kips Bay, Manhattan

It means the apartments for rent shown here are filtered to units that are both rent-stabilized and verified on Openigloo. Rent-stabilized refers to a regulatory category, while verified refers to listing quality on Openigloo.

There are 40+ apartments for rent in this scope as of the latest snapshot.

The median rent is $5,566. Use that as a reference point when comparing units, especially if you are deciding whether to stretch for a larger space or stay closer to budget.

No. Rent-stabilized on Openigloo is not income-restricted housing, subsidized housing, a housing-lottery unit, NYCHA, HPD, or Section 8. It is a regulatory category that may limit certain rent increases and renewal changes, but it does not mean official affordable housing.

This page is not using the affordable filter. If you are looking at an affordable page on Openigloo, the threshold is the 25th percentile of gross rents within that page's scope, which means the lower-priced end of the market in that area rather than a government program.

Confirm the registered rent, renewal terms, any legal rent history, and whether the apartment is actually rent-stabilized. Also check broker fees, deposit amount, utilities, and any building-specific move-in rules.

Location near transit, building age, amenities, lease length, and upfront costs can all change the real monthly burden. A lower asking rent can still become expensive once fees, utilities, and deposits are added.