Plot

After Jerry's apartment is robbed, Jerry starts to look for other apartments. But Jerry and George both want the same apartment, and Elaine wants the apartment of whoever loses out.

While Elaine is apartment sitting for Jerry who's off to Minneapolis to work, the place is burglarized. Jerry returns to find his TV, VCR, computer and answering machine missing. Turns out Kramer got distracted leaving the place wide open. Jerry begins to think that George's suggestion that he move to a newer and bigger place may have merit. Elaine would very much like to get her hands on his apartment and away from her singing roommate. Turns out George decides he wants the place as well.—garykmcd

Jerry goes away to perform some stand-up in Minneapolis, leaving Laney to look after his apartment. Jerry tells Elaine about the issues with his apartment. The hot water takes a while to come on, the refrigerator doesn't work properly, and everything goes bad 2 days before its expiration date, the steam has been on in the radiator for the last 10 years and so on. Elaine is looking forward to spending the weekend at Jerry's. Laney is having trouble with an irritating roommate, Tina (Siobhan Fallon Hogan), who's a "Waiter/Actor" hoping to get a part, and asks George if he can find her some new accommodation. Elaine cannot kick Tina out as she is on the lease.

She then tries to persuade Jerry to give her his current apartment, with George offering Jerry a new apartment on W. 83rd St. by Central Park which he claims is great, but Jerry declines the offer. The rent is twice what Jerry pays now, and it has 2 bedrooms. When Jerry returns, he finds the apartment has been burglarized because Kramer left the front door open by mistake. Kramer was cooking in his apartment and came in to borrow the spatula, and never closed the front door. Jerry doesn't have insurance as he spent his money on a top-of-the-line lock. As a way of making up, Kramer promises to find the items that were stolen from Jerry. Jerry lost a TV, a VCR, Stereo, a computer, a leather jacket and his answering machine.

After the robbery, Laney still asks Jerry to give her the apartment. Jerry decides to have a look around the new apartment first. The apartment is great and Jerry takes it, letting Laney move into his old apartment. The apartment has a fireplace, a walk-in closet, great natural light and a garden. Jerry is about to sign the lease to the apartment, but George tells him that if he has second thoughts, he shouldn't take it. This results in him thinking that George may want the new apartment for himself. George says that he only wants the apartment if Jerry doesn't want it. They have an argument resulting in neither of them wanting to move, as they think that the other one wants the apartment. They gamble for the apartment and Jerry wins. Jerry flips a coin, and George calls, but then George claims that the coin hit the table, and calls interference. The coin cannot touch anything as that's a rule. Meanwhile, Kramer claims that he thinks he knows where Jerry's stolen objects are and suspects an Englishman along the hall who denies having any "stuff" on him. The Englishman swallowed when Kramer said that he knew about the stuff.

Later in Monk's Cafe, Jerry goes back on the deal and decides not to take the place because George wants it. They continue to argue about who should own it and decided that neither of them should take it. A waiter, Carolyn, overhears them and George offers the place to her, which she accepts. The waiter invites them and Laney to her housewarming, but it's clear that Jerry, George and Laney aren't enjoying themselves. Elaine lost her deposit on the U-Haul and she sold her couch. They overhear 2 people having a conversation about someone else moving out of their apartment, to which all 3 ask what the apartment's rent is.