It's possible to rent in New York City for $1 per month

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By TC Newman, Buzz60

It sounds too good to be true, but it's possible to live in a Manhattan apartment for less than you'd spend on a cup of coffee.

Rupert Hunt, the founder and CEO of SpareRoom.com is offering the kind of rent that New Yorkers only dream of.

The three bedroom loft in New York City's West Village neighborhood could easily rent for $8000 per month, but Rupert is offering his tenants a steal at only $12 per year, that's a whopping 1 dollar per month.

He's relocating from London to Manhattan and wants roommates who "enhance each other's lives."

Hunt says he wants to start his life in New York with roommates because sharing with the right people beats living alone.

See more on rent prices:

11 PHOTOS
10 cities with fastest growing rent prices
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10 cities with fastest growing rent prices

#10: Vancouver, Washington
Median 1BR price: $950
Median 2BR price: $1,100
Y/Y price change: 5.9 percent

Photo credit: Getty

#9: Grand Rapids, Michigan 
Median 1BR price: $780    
Median 2BR price: $910
Y/Y price change: 6.2 percent

Photo credit: Getty

#8: Anaheim, California  
Median 1BR price: $1,390    
Median 2BR price: $1,740
Y/Y price change: 6.3 percent

Photo credit: Getty

#7: Mesa, Arizona  
Median 1BR price: $730    
Median 2BR price: $900
Y/Y price change: 6.4 percent

Photo credit: Getty

#6: Manchester, New Hampshire   
Median 1BR price: $1,450    
Median 2BR price: $1,270
Y/Y price change: 6.9 percent

Photo credit: Getty

#5: Seattle, Washington   
Median 1BR price: $1,730    
Median 2BR price: $2,300
Y/Y price change: 7.4 percent

Photo credit: Getty

#4: Tacoma, Washington   
Median 1BR price: $1,060    
Median 2BR price: $1,200
Y/Y price change: 7.6 percent

Photo credit: Getty

#3: Stockton, California   
Median 1BR price: $810    
Median 2BR price: $980
Y/Y price change: 7.7 percent

Photo credit: Getty

#2: Reno, Nevada   
Median 1BR price: $700    
Median 2BR price: $900
Y/Y price change: 7.9 percent

Photo credit: Getty

#1: Colorado Springs, Colorado
Median 1BR price: $800    
Median 2BR price: $980
Y/Y price change: 9.1 percent

Photo credit: Getty

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He recalls financially struggling when he moved to London at the age of 21, and hopes the drastically reduced rent could help someone else on the path to pursuing their dreams.

In the 3400 square foot luxury apartment, each roommate will have a walk in closet, and access to a private rooftop deck, with two BBQs and views of the Empire State Building.

A few odd things the potential roommates will have to deal with: A disco ball in the living room, for those party nights in, and a picture of Prince Charles in the bathroom.

Imagine being able to pay rent with less than one bill out of the ATM!

That's a great deal, whatever city you're in!

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