Rent-stabilized apartments for rent near SIM3 Pt. Richmond - Midtown Manhattan Express in Kips Bay, Manhattan

It means the apartments are in a regulated category with limits on certain rent increases and renewal protections. It does not mean every cost is fixed, and you should still review the lease, fees, and building rules.

There are 96+ apartments for rent in this scope, with a median rent of $5,501.

No. Rent-stabilized is a regulatory category, not an income-restricted or subsidized housing program. The apartments here are market-rate rentals with regulated rent and renewal rules, not NYCHA, HPD, Section 8, or housing-lottery units.

Openigloo uses rent-stabilized as a regulatory filter, not a pricing percentile filter. It selects apartments that are labeled rent-stabilized in the page scope, then shows the live inventory and median rent for that scope.

Confirm the unit’s stabilized status, the exact lease term, renewal language, broker fee, security deposit, utilities, and any building-specific move-in charges.

Location near transit, building age, amenities, lease length, and upfront fees can all change the real monthly cost beyond the asking rent.

Openigloo lets you check renter reviews and building signals so you can look for patterns in maintenance, management, and move-in experience before touring.