A $140,000-a-Month Apartment Lets You Live Like a Rich New Yorker—for 30 Days at a Time, at Least
Flexible luxury rentals offer the amenities of a five-star hotel and the feel of a lavish home, no strings attached
6 min
The owners of New York private members club Fasano Fifth Avenue opened in spring 2021 with 12 fully furnished luxury rental residences on Manhattan’s Upper East Side, aiming to meet a demand for bookings of 30 to 60 days.
The new business didn’t turn out as planned. Some guests checked in for a stay of a month or two but ended up staying for a year to 18 months and more. “The demand has been delightfully surprising,” says Gero Fasano, founder of upscale Brazilian lodging and dining company Fasano Group.
The higher demand comes despite rents of $140,000 a month for one of the five, three-bedroom duplexes. Rents are $40,000 a month for one of the seven smaller clubhouse suites. Meanwhile, the rental process has been simplified. Bookings are secured with a credit card. Guests stay for as long as they need, and when they are ready to go, they simply announce they are leaving.
For the fee, renters get a sophisticated home with furnishings selected by French architect Thierry W. Despont, in cooperation with Mr. Fasano. They also get a host of luxury amenities, including access to a restaurant and bar, a gym and services that include a 24-hour doorman, 24-hour room service, housekeeping and a concierge.
Fasano Fifth Avenue is part of a new trend in New York: flexible luxury rentals, where move-in-ready apartments can be booked for short to not-so-short periods with hassle-free extensions. Renters pay six-figure monthly rents to live like rich New Yorkers, minus the responsibility of second-home ownership, or being tied down by a lease, or the limited experience of high-end tourism.
By contrast, luxury hotel rooms often lack full kitchens, and luxury hotel apartments typically are purchased outright, and those homeowners and hotel brands tend to have booking restrictions for sublets. Other renters would rather not live in other people’s homes via an Airbnb or Vrbo, while corporate housing can lack a homey feel. None of these options are known for seamless month-to-month living with easy extensions.
Today, a number of companies are experimenting with high-end rental flexibility. Fasano Group, whose parent company is real-estate developer JHSF, along with the French residential hospitality brand the Collection, have small, bespoke residential hotels that specialize in stays longer than a month. Blueground, with more than 800 rentals in New York and 14,000 rentals globally, has translated the month-to-month concept to a larger scale. Related Cos., like other global residential real-estate concerns, has a new flagship brand, the Set, that offers flexibility as an amenity.
“The whole thesis is luxury rental meets five-star hotel,” says Hailey Sarage, senior vice president of development at Related, which has properties globally and operates more than 20 buildings in Manhattan.
The Set resident Jessica Dang, 41, an American living in Copenhagen, was looking for quick, turnkey housing when she moved to New York in 2022 to launch her wellness business, the Essentialist Method.
“I didn’t have the time to do the broker thing and look at apartments, pay a broker’s fee and buy furniture, especially because I didn’t know how long I was going to stay in New York,” says Ms. Dang, adding, “at 41 years old, crashing on a couch isn’t that cute anymore.” She previously lived in New York from 2000 to 2013, having found unfurnished apartments, and roommates.
Her online search led her to the Set, which opened in New York’s Hudson Yards in September 2022. The Set’s 270 units—mostly studios and one-bedrooms—come fully furnished or not. Furnished choices include several design styles meant to appeal to a range of demographic types. Those rentals start at $5,200 a month, and apartment dwellers have access to the complex’s food and beverage services, housekeeping, dry cleaning, laundry and concierge help overseen by so-called directors of experience.
“In the future, every residential building will be its own city, like ‘Melrose Place’ on steroids,” says Ms. Dang, comparing her new lifestyle with the 1990s prime-time soap opera about the goings on at a Los Angeles residential complex.
Ms. Sarage says the demand for furnished rentals at the Set has been higher than the company initially expected. Most residents, she adds, have opted for 12-month leases. The Set also offers stays for six, seven or eight months. Its rental-leasing process requires an application, a background check and financial information. No broker is necessary.
When Ms. Dang first considered the Set, it was out of her price range—she had been targeting $3,500 a month—but she went to look anyway. “Right away, I was ready to move in,” she says. She points to the sea grass wallpaper, Matouk linens, Williams Sonoma kitchen gear and even the Diptyque dishwashing liquid. Her king studio with a king bed is $5,300 a month. She says she feels like she belongs to a private club.
Erin Boisson Aries, who works for Douglas Elliman, is the marketing and sales agent for Fasano Group and the Collection’s New York property, Maison Hudson, set to open in New York’s West Village this fall. She says today’s New York clients are looking for ease and convenience.
“They aren’t looking to go through an arduous application process or hire designers to set up their house,” she says, noting that flexible agreements are especially appealing to those who consider New York only as a second- or third-homeownership city, not a primary residence.
Prepandemic, she says, the demand for medium-term, fully furnished rentals in New York came from corporate relocations, temporary work assignments, medical procedure recoveries or displacement during home renovations. Now, renters are also experimenting with new ways of living.
Maison Hudson, is a private property that plans to offer 10 fully furnished luxury residences—one-, two- and three-bedroom—available to rent month-by-month for a one-month minimum. Prices range from $40,000 to $150,000 a month. Guests will have the flexibility to extend their stay once they are living there.
Maison Hudson is planning a restaurant, wine bar, cafe, courtyard, and spa and wellness facility that nonresidents can access via a private-club membership. Services include a concierge, housekeeping and maintenance. The interiors are high-end, with Giorgetti furniture, Rivolta Carmignani linens and Mühldorfer pillows and duvets.
“The devil is in the details,” says Jacques Oudinot, chief operating officer of the Collection, Maison Hudson’s parent company. The Collection has luxury rentals in France and in London.
“A lot of hotel brands have residences,” he adds. “Our residences are different. They aren’t attached to a hotel. We create small properties that are focused on residential living.”
Blueground operates a global network of move-in-ready apartments for month-to-month rentals. Blueground was founded by Alex Chatzieleftheriou, 42, who, as a business consultant out of college, got tired of living out of a hotel in 15 cities over more than six years. “I wanted to create a company that would make it super easy to book a flexible place to live and you’d know the design would always be great,” Mr. Chatzieleftheriou says.
He founded Blueground in Athens in 2013 and gradually expanded regionally, landing in New York in 2017. New York is the biggest and fastest-growing market of the 11 large U.S. cities where Blueground has properties. The average Blueground one-bedroom apartment in the city is $7,000 a month, though prices fluctuate seasonally, and the average stay is four months. The New York units rent for up to $17,000 a month for three bedrooms.
“The main difference we are seeing after the pandemic is that more and more people want to live a flexible lifestyle,” he says. “Someone might want to spend seven or eight months in New York, but then spend three or four months in Austin.” He adds that some of his renters don’t even have a primary address.
Today, 20% of Blueground guests stay in multiple locations in one year, Mr. Chatzieleftheriou says, and that number continues to grow. In New York City, the furnished-rental supply is 2% to 3% of all rentals, he says, and he predicts the percentage will reach 15% to 20% in the next 10 years.
Sannyu Harris, 45, lives in North Carolina in a house she owns, but she and her daughter are renting a Blueground apartment in Midtown Manhattan because her daughter got a job in the city. “We needed something with no strings attached, so when we were ready we could pack up and leave,” says Ms. Harris, who doesn’t know how long they will stay. She likes that Blueground provides them the opportunity to extend their rental rather than having a set period.
Ms. Harris wanted to stay somewhere more relaxed than a big, transient hotel, but she also wasn’t interested in living in someone else’s space via an Airbnb or Vrbo. She describes her one-bedroom Blueground apartment as “a home away from home” with kind and consistently responsive service. “You are home, per se, but you have the comfort of being able to ask for things you need,” she says.
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Weary of ‘smart’ everything, Americans are craving stylish ‘analog rooms’ free of digital distractions—and designers are making them a growing trend.
5 min
James and Ellen Patterson are hardly Luddites. But the couple, who both work in tech, made an unexpectedly old-timey decision during the renovation of their 1928 Washington, D.C., home last year.
The Pattersons had planned to use a spacious unfinished basement room to store James’s music equipment, but noticed that their children, all under age 21, kept disappearing down there to entertain themselves for hours without the aid of tablets or TVs.
Inspired, the duo brought a new directive to their design team.
The subterranean space would become an “analog room”: a studiously screen-free zone where the family could play board games together, practice instruments, listen to records or just lounge about lazily, undistracted by devices.
For decades, we’ve celebrated the rise of the “smart home”—knobless, switchless, effortless and entirely orchestrated via apps.
But evidence suggests that screen-free “dumb” spaces might be poised for a comeback.
Many smart-home features are losing their luster as they raise concerns about surveillance and, frankly, just don’t function.
New York designer Christine Gachot said she’d never have to work again “if I had a dollar for every time I had a client tell me ‘my smart music system keeps dropping off’ or ‘I can’t log in.’ ”
Google searches for “how to reduce screen time” reached an all-time high in 2025. In the past four years on TikTok, videos tagged #AnalogLife—cataloging users’ embrace of old technology, physical media and low-tech lifestyles—received over 76 million views.
And last month, Architectural Digest reported on nostalgia for old-school tech : “landline in hand, cord twirled around finger.”
Catherine Price, author of “ How to Break Up With Your Phone,” calls the trend heartening.
“People are waking up to the idea that screens are getting in the way of real life interactions and taking steps through design choices to create an alternative, places where people can be fully present,” said Price, whose new book “ The Amazing Generation ,” co-written with Jonathan Haidt, counsels tweens and kids on fun ways to escape screens.
From both a user and design perspective, the Pattersons consider their analog room a success.
Freed from the need to accommodate an oversize television or stuff walls with miles of wiring, their design team—BarnesVanze Architects and designer Colman Riddell—could get more creative, dividing the space into discrete music and game zones.
Ellen’s octogenarian parents, who live nearby, often swing by for a round or two of the Stock Market Game, an eBay-sourced relic from Ellen’s childhood that requires calculations with pen and paper.
In the music area, James’s collection of retro Fender and Gibson guitars adorn walls slicked with Farrow & Ball’s Card Room Green , while the ceiling is papered with a pattern that mimics the organic texture of vintage Fender tweed.
A trio of collectible amps cluster behind a standing mic—forming a de facto stage where family and friends perform on karaoke nights. Built-in cabinets display a Rega turntable and the couple’s vinyl record collection.
“Playing a game with family or doing your own little impromptu karaoke is just so much more joyful than getting on your phone and scrolling for 45 minutes,” said James.
Screen-Free ‘Escapes’
“Dumb” design will likely continue to gather steam, said Hans Lorei, a designer in Nashville, Tenn., as people increasingly treat their homes “less as spaces to optimise and more as spaces to retreat.”
Case in point: The top-floor nook that designer Jeanne Hayes of Camden Grace Interiors carved out in her Connecticut home as an “offline-office” space.
Her desk? A periwinkle beanbag chair paired with an ottoman by Jaxx. “I hunker down here when I need to escape distractions from the outside world,” she explained.
“Sometimes I’m scheming designs for a project while listening to vinyl, other times I’m reading the newspaper in solitude. When I’m in here without screens, I feel more peaceful and more productive at the same time—two things that rarely go hand in hand.”
A subtle archway marks the transition into designer Zoë Feldman’s Washington, D.C., rosy sunroom—a serene space she conceived as a respite from the digital demands of everyday life.
Used for reading and quiet conversation, it “reinforces how restorative it can be to be physically present in a room without constant input,” the designer said.
Laura Lubin, owner of Nashville-based Ellerslie Interiors, transformed a tiny guest bedroom in her family’s cottage into her own “wellness room,” where she retreats for sound baths, massages and reflection.
“Without screens, the room immediately shifts your nervous system. You’re not multitasking or consuming, you’re just present,” said Lubin.
As a designer, she’s fielding requests from clients for similar spaces that support mental health and rest, she said.
“People are overstimulated and overscheduled,” she explained. “Homes are no longer just places to live—they’re expected to actively support well-being.”
Designer Molly Torres Portnof of New York’s DATE Interiors adopted the same brief when she designed a music room for her husband, owner of the labels Greenway Records and Levitation, in their Lido Beach, N.Y. home. He goes there nightly to listen to records or play his guitar.
The game closet from the townhouse in “The Royal Tenenbaums”? That idea is back too, says Gachot. Last year she designed an epic game room backed by a rock climbing wall for a young family in Montana.
When you’re watching a show or on your phone, “it’s a solo experience for the most part,” the designer said. “The family really wanted to encourage everybody to do things together.”
Analog Accessories
Don’t have the space—or the budget—to kit out an entire retro rec room?
“There are a lot of small tweaks you can make even if you don’t have the time, energy or budget to design a fully analog room from scratch,” said Price.
Gachot says “the small things in people’s lives are cues of what the bigger trends are.”
More of her clients, she’s noticed, have been requesting retrograde staples, such as analog clocks and magazine racks.
For her Los Angeles living room, chef Sara Kramer sourced a vintage piano from Craigslist to be the room’s centerpiece, rather than sacrifice its design to the dominant black box of a smart TV. Alabama designer Lauren Conner recently worked with a client who bought a home with a rotary phone.
Rather than rip it out, she decided to keep it up and running, adding a silver receiver cover embellished with her grandmother’s initials.
Some throwback accessories aren’t so subtle. Melia Marden was browsing listings from the Public Sale Auction House in Hudson, N.Y. when she spotted a phone booth from Bell Systems circa the late 1950s and successfully bid on it for a few hundred dollars.
“It was a pandemic impulse buy,” said Marden.
In 2023, she and her husband, Frank Sisti Jr., began working with designer Elliot Meier and contractor ReidBuild to integrate the booth into what had been a hallway linen closet in their Brooklyn townhouse.
Canadian supplier Old Phone Works refurbished the phone and sold them the pulse-to-tone converter that translates the rotary dial to a modern phone line.
The couple had collected a vintage whimsical animal-adorned wallpaper (featured in a different colourway in “Pee-wee’s Playhouse”) and had just enough to cover the phone booth’s interior.
Their children, ages 9 and 11, don’t have their own phones, so use the booth to communicate with family. It’s also become a favorite spot for hiding away with a stack of Archie comic books.
The booth has brought back memories of meandering calls from Marden’s own youth—along with some of that era’s simple joy. As Meier puts it: “It’s got this magical wardrobe kind of feeling.”
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