Rent-stabilized apartments for rent near SIM35 Port Richmond - Lower Manhattan Express in Tribeca, Manhattan

It means the page is filtered to apartments that are reported as rent-stabilized in Tribeca, Manhattan, near SIM35 Port Richmond - Lower Manhattan Express. Rent-stabilized units can have regulated rent increases and renewal protections, but you should still verify the unit’s legal status and lease terms.

No. Rent-stabilized is a regulatory category, not an income-restricted, subsidized, or housing-lottery program. The filter surfaces market-rate apartments that are subject to rent-stabilization rules, not official affordable-housing units.

It narrows the search to apartments that are identified as rent-stabilized, which may come with different renewal rules and rent-increase limits than unregulated units. The asking rent can still be high, so compare the median rent of $7,000 with your budget and total move-in costs.

This page does not use the affordable filter. If you switch to an affordable page, Openigloo uses a market-relative affordability threshold based on the 25th percentile of gross rents within that page’s scope, then clamps it to a safe floor and ceiling.

Ask whether the unit is still rent-stabilized, what the current lease renewal terms are, whether there are broker fees or other upfront charges, and whether any utilities, deposits, or building fees will add to the monthly cost.

In this scope, the most active nearby neighborhoods include Hell's Kitchen with 388+ apartments for rent, Stuyvesant Town/PCV with 268+ apartments for rent, East Village with 225+ apartments for rent, Kips Bay with 221+ apartments for rent, and Yorkville with 196+ apartments for rent.