Cheap Apartments for Rent in the Prospect Park Neighborhood of Brooklyn, NY from $600 (184 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Prospect Park area of Brooklyn.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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New York's Best Affordable Neighborhoods

Learn about New York and the best places to live with original content written by our Local Expert Joshua Carlucci

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The Garnet
Studio to 2 Bedroom Apartments

The Garnet

1620 Fulton StBrooklyn, NY 11213
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Ventnor Flatz
1 to 2 Bedroom Apartments

Ventnor Flatz

1115 Dorchester RdBrooklyn, NY 11218
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Prospect Park, Brooklyn, NY Local Guide

Cheapest Available Prospect Park Apartments for Rent

 

The cheapest available apartment rental in the Prospect Park area of New York, NY is a 2 Beds unit found at Ventnor Flatz priced from $800. The Lois has the second lowest priced unit, which is a Studio apartment currently listed from $1,856. Here are the most affordable Prospect Park apartments for rent in New York, NY:

Apartment ListingModel NameBed/BathPriced From
Ventnor Flatz2 Bedroom/1 Bath2BR,1BA$800
The LoisStudio / 1 BathroomStudio,1BA$1,856
38 6th AveStudio 1 BathStudio,1BA$2,121
PLGStudio / 1 BathroomStudio,1BA$2,562

Best Value Apartments for Rent in Prospect Park, NY

As of May 15, 2025 the best value apartment in the Prospect Park area is the $1.45 price per square foot 692 Madison St Model at 692 Madison St, Unit 692-2 Madison Street in the in the Bedford Stuyvesant neighborhood starting from $2,900. The second greatest value Prospect Park apartment is the 3 BED 2 BATH Model at 714 5th Ave starting at $6,275 with a $3.14 price per square foot in the Park Slope neighborhood. Here is today’s list of the best values for Prospect Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
692 Madison St, Unit 692-2 Madison Street692 Madison St2BR,1BA$1.45
714 5th Ave3 BED 2 BATH3BR,2BA$3.14
303 Stuyvesant Ave, Unit 3303 Stuyvesant Ave2BR,1BA$2.21
169 Monroe St, Unit 2nd Floor169 Monroe St3BR,2BA$2.44
1531 Union St, Unit 11531 Union St3BR,1BA$3.03
354 Butler St, Unit New354 Butler StStudio ,1BA$2.11
147 Chauncey St147 Chauncey St1BR,1BA$3.00
Ventnor Flatz2 Bedroom/1 Bath2BR,1BA$0.94
The Lois1 Bedroom / 1 Bathroom1BR,1BA$2.81
821 Troy Ave, Unit 2A821 Troy Ave1BR,1BA$2.81

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Prospect Park, Brooklyn, NY

Ranked #95

Among neighborhoods in Brooklyn, NY for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Prospect Park, Brooklyn, NY

School data provided by Great Schools

Frequently Asked Questions about Cheap Prospect Park Apartments

What is the Cheapest Studio apartment in Prospect Park?

Currently the most affordable Cheap Studio Apartment in Prospect Park is at The Lois listed at $1,856.

How much is rent for a Cheap One Bedroom Prospect Park Apartment?

The lowest price for a Cheap One Bedroom Prospect Park Apartment is $2,360 at The Lois.

What is the lowest price for a Cheap Two Bedroom Prospect Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Prospect Park is starting from $800 at Ventnor Flatz.

What is the most affordable Prospect Park Three Bedroom Apartment?

The best deal on a cheap Prospect Park Three Bedroom Apartment rental is at 860 Nostrand Ave and starts from $3,621.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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The 10 Best Affordable Neighborhoods for Renting in New York City

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New York City is the city that never sleeps, but it’s also the city that’s often synonymous with sky-high rents and steep living costs. That said, if you’re like many of us at ApartmentHomeLiving.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

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