With sky-high rents and fierce competition, many residents are left wondering if owning or even renting a reasonably priced home is possible in the Big Apple. Fortunately, there are options and this guide is here to help. NYC offers a range of affordable housing programs, from income-restricted rentals to subsidized co-ops. Programs like NYC Housing Connect allow eligible applicants to enter lotteries for rent-stabilized units, often at a fraction of market rates. Income limits vary by household size, so it's worth checking current guidelines regularly. Beyond lotteries, non-profit organizations and housing advocacy groups provide resources and assistance in navigating the process. Neighborhoods like East Harlem, the Bronx, and parts of Brooklyn continue to see new affordable developments breaking ground, expanding opportunities for low- to moderate-income families.