Low Cost Areas in NYC?

Hey Guys, I am a senior that received a FT for IB in NYC and am now looking for a place to live. Ideally, I'd love to find a studio apartment but not have to pay too much. Does anybody have any recommendations? Any areas that are known for being particularly inexpensive? Thanks

26 Comments
 
U Accrete Me
tlynch5low cost in nyc is an oxymoron in itself. good luck.

Relative Terms Buddy, Dont be a Dick

Wasn't trying to be a dick at all, was just sayin

I didn't say it was your fault, I said I was blaming you.
 
RagnarDanneskjoldFiDi or Hoboken if you're strapped.

whats FiDi?

"...the art of good business, is being a good middle man, putting people togeather. It's all about honor and respect."
 
  1. Get roommates
  2. Convert an apartment (put up a wall to add a bedroom).
  3. Check out FiDi, Battery Park, or Tribeca if you work downtown. If midtown or uptown you might want to head to upper upper east.
  4. Last resort commute in from Hoboken (really not that terrible) or Brooklyn.
"For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."
 
BobbHoboken really isn't that cheap as well. Plenty of people I know are paying more then their counterparts in NYC.
Gotta pay to play (with hipster chicks).
My name is Nicky, but you can call me Dre.
 
Bernankey
aempirei
BobbHoboken really isn't that cheap as well. Plenty of people I know are paying more then their counterparts in NYC.
Gotta pay to play (with hipster chicks).

If you're a banker...living in Hoboken is downright embarrasing.

It's not feasible at all.

IF YOU'RE IN BANKING , YOU'RE LIVING IN MANHATTAN. PERIOD.

AT 4AM, IT'S NOT GOING TO BE FUN TO COMMUTE TO NJ OR THE BURROUGHS

 
aempirei
BobbHoboken really isn't that cheap as well. Plenty of people I know are paying more then their counterparts in NYC.
Gotta pay to play (with hipster chicks).

AMEN, I am

its one way or the other: hate me or admire.
 

I second the UWS, especially if you don't mind a bit of a walk to the subway, you can find good deals west of Columbus Ave and north of 72nd street. It has a pretty decent bar scene too and the 2/3 almost never shuts down.

 

How long does it take to get from Midtown to Hoboken by car, cab, public? It's about 7 miles right?

My name is Nicky, but you can call me Dre.
 
Best Response

Impedit facilis labore dolorem quis. Molestiae rerum recusandae non autem minus.

Vitae consequuntur sed veritatis distinctio sunt illum. Deleniti dolorum totam ratione tenetur eum.

 

Distinctio porro cumque alias nihil autem. Qui laboriosam est aspernatur sit reiciendis ipsum et. Beatae esse accusantium soluta aperiam dolor.

Error ea aut dolores velit et. Consequuntur libero nobis amet quisquam sunt quia quia. Repellat facere sint dolor est. Voluptas sequi illum ullam sequi. Consectetur maiores possimus voluptatum quo non. Sequi a harum autem illo explicabo veritatis.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 13 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”