So you are looking forward to live in the Big Apple, you have to understand that living in a busy city such as New York can cost a lot of money. This is because of several factors. One, people are expected to have money if they are going to live in Manhattan because the prices are kind of steep compared to cities that are not as busy as it. Two, there are several paper works and documents that you have to settle like your application to rent since this is required in Manhattan. Third, the city requires renters to have income requirements.

In general, here are some of the requirements that you need to accomplish if you plan to live in Manhattan:

1.       Application fee – You need to apply at the city to be granted permission to rent an apartment. This range anywhere from $50 to $125 depending on the rental building. This is non-refundable.

2.       Income requirements – As mentioned earlier, you need to meet the standard income requirements for you to be able to rent an apartment unit. There will be a computation based on the base rent and they will multiply it to a certain amount. Just so you know, living anywhere in New York costs 40 to 75 times more than in any other city.

3.       Pay slips – Since you need to prove to the landlord that you are earning enough to pay for your rent, you will have to submit your some of your pay stubs to the landlord. If you do not have these stubs, they will require a letter from your company to which you are currently employed. Your position, years in the company, as well as the amount that you receive as compensation must be stated there. For self-employed people, you need to have a letter from your personal accountant supporting your earnings as well as your projected earnings for the coming years.

4.       Bank statements and accounts – To further support your financial capacity, there are some landlords who will request to see a copy of your bank statement and credit card bills.

5.       Reference letter from previous landlord

6.       Identification – You need to provide your landlord with valid identification cards, preferably those issued by the government.

7.       Tax return income

From there, you will notice how tedious and keen Manhattan landlords are when it comes to the financial capacity of the renter.

One way of dealing with them accordingly is to work with a real estate agent, these people will be able to help you look out for the best deals out there, especially if your budget is just enough. But if you do not want to pay for these brokers, you can always make use of various websites out there and see the latest apartments that are vacant and will fit your budget.

You can also try looking out for the classified ads on the paper. Better yet, if you know someone who currently lives in Manhattan, try asking your friend out.