TRAINING THE ODDS

Live farther from the subway to save

A 10-minute walk from the subway just might reduce your rent by 10 percent.

New York City apartments close to the subway rent for 6 to 8 percent more than the borough’s median, while those farthest cost 8 to 10 percent less, according to a study by rental search engine RentHop.

Led by data scientist Shane Leese (inset), the Feb. 15 report showed that in Brooklyn, Manhattan and Queens, rent prices aligned with the borough median when about a quarter of a mile — or about five city blocks — from the nearest subway. More distance generally meant discounted rent, while closer locations commanded a premium.

Take Brooklyn, for example, where you pay for convenience. Apartments within one-sixteenth of a mile of a subway entrance were 8.4 percent higher than the borough median. “Instead of the borough median of $2,768, you can expect to pay around $3,000 per month for an apartment within a two-minute walk of a subway entrance,” the report says.

But if New Yorkers can stomach walking a third or even half a mile, there are apartments priced up to 8 percent (or more) below the median to be had — for about $2,550. A quarter of a mile is the real breaking point, the study found. “After a fourth of a mile, there is a clear rent discount,” it says. A January Renthop study produced another fun (and useful) factoid: February is the cheapest month to sign a lease, while July is the most expensive. Renters save about 3 percent by inking deals for their pads this month. In July, they pay 5 percent above average.

The upshot: Moving during winter can mean up to thousands of dollars in savings a year.