Cheap Apartments for Rent in the Prospect Park Neighborhood of Brooklyn, NY from $600 (185 Rentals)

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

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778 Lincoln Pl

BrooklynNY11216
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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 1 Bed unit found at Ventnor Flatz priced from $750. 38 6th Ave has the second lowest priced unit, which is a Studio apartment currently listed from $2,121. Here are the most affordable Prospect Park apartments for rent in New York, NY:

Apartment ListingModel NameBed/BathPriced From
Ventnor Flatz1 Bedroom/1 Bath1BR,1BA$750
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 April 26, 2025 the best value apartment in the Prospect Park area is the $3.14 price per square foot 3 BED 2 BATH Model at 714 5th Ave in the in the Park Slope neighborhood starting from $6,275. The second greatest value Prospect Park apartment is the 692 Madison St Model at 692 Madison St, Unit 692-2 Madison Street starting at $2,900 with a $1.45 price per square foot in the Bedford Stuyvesant 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.
714 5th Ave3 BED 2 BATH3BR,2BA$3.14
692 Madison St, Unit 692-2 Madison Street692 Madison St2BR,1BA$1.45
585 Franklin Ave, Unit 2585 Franklin Ave4BR,2BA$3.63
397 Herkimer St, Unit 2397 Herkimer St4BR,2BA$3.50
106 E 45th St, Unit 2106 E 45th St3BR,1BA$3.55
354 Butler St, Unit New354 Butler StStudio ,1BA$2.11
147 Chauncey St147 Chauncey St1BR,1BA$3.00
1757 Dean St, Unit DeanSt1757 Dean St1BR,1BA$3.23
Ventnor Flatz1 Bedroom/1 Bath1BR,1BA$1.07
934 40th St, Unit 2B934 40th St1BR,1BA$3.67

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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 38 6th Ave listed at $2,121.

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

The lowest price for a Cheap One Bedroom Prospect Park Apartment is $750 at Ventnor Flatz.

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

Written by: Joshua Carlucci

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.