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I lived in Manhattan for 7 years before getting married and having a child.....We couldn't afford to purchase a 2 BDR in Manhattan and after an exhaustive search (including Westchester, Nyack NY....Southern Ct.) we settled on Maplewood/South & West Orange areas. Easy commute to the city by train or bus.
We bought, but there are some beautiful condos/townhomes close to the SO train station that you could rent. Whatever you do make sure you make the commute a few times before you committ to an area.
BTW--My office is on 34th & Park...About a 10 minute walk from Penn Station
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