Team Agorafy Picks The Top Five Affordable Rentals For College Grads

Check out what you might be able to afford with that new degree and the budget that goes with it.

By Team Agorafy September 9, 2016

Ah, those college days. We at Agorafy remember them well. For some of us, it’s like graduation was just yesterday (and for others, it pretty much was). Either way, we get it—it’s time to enter the real world, fresh-faced, brimming with hope and wonder. Oh, yeah, and looking for a place you can afford. Don’t despair, we got you. We were there once, with a head full of dreams and a pocket full of lint.

Related: Five Things To Learn About Real Estate Investing From Hasidic Jews

That’s why the Agorafy Residential Data Team meticulously scoured our rental listings in search of the perfect apartments for the over educated and underpaid. And, wow, were they picky. For starters, they checked the average starting salaries for different majors in 2016. Then, they calculated a rent that was no more than 30% of those salaries. They also drew the line at two roommates per apartment. High priority was given to the length of commute—‘cause who’s got time for that. The end result—Agorafy’s top five apartments for you, college grads. You’re welcome.

1.   Major: English Language, Literature, and Composition

Expected salary: $40,250. Monthly rent: $1,006.25

Agorafy pick:  717 West 177th Street

Judging from that fancy English major of yours, chances are you intend to go to grad school. Because, well, what else are you gonna do with that diploma? Let’s assume you aim high—for Columbia University. While rapidly gentrifying Harlem might be out of your reach, there’s other neighborhoods you can still afford. This Washington Heights apartment boasts spacious bedrooms: You’ll need your solitude to focus on your thesis. Plus, it’s located pretty close to Columbia University—and, what’s more, it will only take you 25 minute to get to Columbus Circle.

Photo courtesy of Esra Realty
Photo courtesy of Esra Realty

2.   Major: Business

Expected Salary: $56,550. Monthly Rent: $1,413.75

Agorafy pick: 18 Hull Street

We know, we know, Bed-Stuy is like party central these days, but that’s NOT why Agorafy Team has picked this apartment for you. You will be hard at work at your new day job now anyways, right? Since you are a business major, there’s a chance you landed that job somewhere in Financial District. Congrats, but you’d better get to that office on time (which is probably earlier than the janitor). A short and comfortable commute is important here, and, lucky for you, it’s easy to get to Wall Street from this apartment: 30-40 min by train and 45 min by bicycle.

Photo courtesy of Anna Fishkin
Photo courtesy of Anna Fishkin

3.   Major: Computer and Information Sciences

Expected Salary: $54,150. Monthly Rent: $1,353.75

Agorafy pick: 462 Union Street

This apartment has large living room that will host both your action figure collection and your piles of vintage comics. When it comes to commuting, Williamsburg—with the impending L train apocalypse—might not be the most convenient neighborhood, but fear not: the G train is there (a dubious perk). Besides, with your technological inclinations, who needs the train when you can access parallel universes in the comfort of your living room?

Photo Credit: Avoid Apathy
Photo Credit: Avoid Apathy

4.   Major: Engineering

Expected Salary: $58,670. Monthly rent: $1,466.75

Agorafy pick: 674 6th Avenue

With that engineering major, you are at the top of the food chain. So why not treat yo’ self? Sure, your starting salary isn’t quite enough for one of those Midtown condos, but if you’re willing to consider up-and-coming neighborhoods like Brooklyn’s Sunset Park, you can get an actual adult, freshly painted apartment that comes with, oh my, a real dishwasher. Congrats—the pungent-smelling dorm days are officially over. As for the commute, the F and R trains are pretty reliable and will take you to Manhattan in no time. Besides, Industry City is only two stops away, along with lots of up-and-coming technology companies.

Photo courtesy of Eric E. Anderson
Photo courtesy of Eric E. Anderson

5.   Major: Linguistics and Foreign Language

Expected Salary: $44,870. Monthly rent: $1,121.75

Agorafy pick: 2020 Grand Concourse

School was great! Now you can probably use multiple languages to say, “I’m totally broke.” I hope this wasn’t your fall back if your post-modern thrash/glam chamber orchestra didn’t work out. We at Agorafy still managed to find a real gem for you though: a great two-bedroom in Mount Hope. Yes, we know that Bronx probably isn’t your number one choice but hear us out: the apartment is actually enormous. Think of it, instead of existing in some glorified closet and freaking out over the L train shutdown, you get the outdoor space, laundry room and a huge kitchen, and all this without breaking the bank.

Photo courtesy of Bronx Freedom Fund
Photo courtesy of Bronx Freedom Fund

Knowledge is power, right? So, now that you have all that knowledge, we at Agorafy wish you the best of luck in life and in real estate.

Team Agorafy



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