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As New York City’s rental market continues to strain budgets, some young professionals are finding an unlikely source of affordable housing: convents and religious residence homes run by Catholic sisters and other faith-based organizations.
With the median asking rent in New York City reaching $3,616 in the first quarter of this year, or about 20% above pre-pandemic levels, residences operated by nuns are attracting renters seeking lower costs, flexible arrangements, and a sense of community, according to The Wall Street Journal.
Monthly rents at some of the residences range from about $800 to $1,650, significantly below market rates…