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Randall Lambright, a 23-year-old investment banker, landed his new apartment as a result of one of those notices—and he was able to get a discount of a half month’s rent on top of what was already a pretty sweet deal.  “I was sharing a loft on Wall Street with some roommates, and I hadn’t really planned to move until June, but I started looking,” Lambright recalls.  “I got an email about this nice-size studio in an elevator building on 50th and Third, with a terrace and bathtub with whirlpool jets, for only $1300.  I was intrigued.”  Because the place was available before Lambright was set to move, the landlord offered him two weeks free, and he took it.  “Now I can afford to have my own place,” Lambright says.  “And I didn't have to pay a fee.”

Molly Gallegos, a recent college graduate with neither a job nor a rent history, was able to bypass the formerly mandatory roommates-and-roaches phase and get her own pad.  She found a large two-room studio on Columbus Avenue and 107th Street for $1050.  “My parents were guarantors,” explains Gallegos, 21. Look closely at her lease, though, and it says the official rent on the apartment is $1300.  The prior tenants had reached that rate, but the current market apparently wouldn’t bear that price.

Similarly, recent Texas transplant Richard Gomez and his roommate, Justin Yarborough, pay only $1500 for a large West Village one-bedroom that lists its official rent as $2,500.