
Cheap Apartments for Rent in the Prospect Park Neighborhood of Brooklyn, NY from $600 (184 Rentals)
Search the lowest-cost Apartments available for rent right now in the Prospect Park area of Brooklyn.


138 9th St

Private bedroom in 4 bed/2 bath Home

Private bedroom in 4 bed/2 bath Home

Private bedroom in 4 bed/2 bath Home

591 Franklin Ave

10 Westminster Rd

Private bedroom in 4 bed/1 bath Home

10 Westminster Rd

10 Westminster Rd
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Private bedroom in 4 bed/1 bath Home

Private bedroom in 4 bed/2 bath Home

Private bedroom in 4 bed/1 bath Home

Private bedroom in 5 bed/2.5 bath Home

690 Prospect Pl

Private bedroom in 3 bed/1 bath Home

Private bedroom in 4 bed/2 bath Home

Private bedroom in 3 bed/1 bath Home

Private bedroom in 4 bed/2 bath Home

10 Westminster Rd
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Private bedroom in 4 bed/1 bath Home

Private bedroom in 4 bed/2 bath Home

Private bedroom in 4 bed/1 bath Home

Private bedroom in 4 bed/2 bath Home

688 Union St

Private bedroom in 4 bed/2 bath Home

Private bedroom in 4 bed/1 bath Home

Private bedroom in 6 bed/2 bath Home

291 Fenimore St

Private bedroom in 4 bed/1 bath Home
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Private bedroom in 3 bed/3 bath Home

Private bedroom in 6 bed/2 bath Home

Private bedroom in 6 bed/2 bath Home

Private bedroom in 4 bed/2 bath Home

Private bedroom in 4 bed/1 bath Home

Private bedroom in 3 bed/2 bath Home

Private bedroom in 3 bed/1 bath Home

Private bedroom in 4 bed/1 bath Home

Private bedroom in 4 bed/1 bath Home

Private bedroom in 4 bed/2 bath Home
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

Private bedroom in 4 bed/2 bath Home

Private bedroom in 5 bed/2.5 bath Home

Private bedroom in 4 bed/2 bath Home

Private bedroom in 3 bed/1 bath Home

Private bedroom in 3 bed/1 bath Home

400 Herkimer St
Prospect Park, Brooklyn, NY Local Guide

How much does it cost to rent an apartment in Prospect Park?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Prospect Park Studio Apartments | $4,049 | $1,800 | $10,000+ |
Prospect Park 1 Bedroom Apartments | $3,518 | $2,000 | $7,100 |
Prospect Park 2 Bedroom Apartments | $4,449 | $2,300 | $10,000+ |
Prospect Park 3 Bedroom Apartments | $4,698 | $1,250 | $10,000+ |
Prospect Park 4 Bedroom Apartments | $2,375 | $1,100 | $10,000+ |
Prospect Park 5 Bedroom Apartments | $2,055 | $1,040 | $10,000+ |
Prospect Park 6 Bedroom Apartments | $1,350 | $1,330 | $1,360 |
Browse Apartments in this Neighborhood
There are currently 184 rentals with your search options within a 1 mile radius of the Prospect Park Neighborhood of Brooklyn, NY.
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Prospect Park, Brooklyn, NY Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Ventnor Flatz | 2 Bedroom/1 Bath | 2BR,1BA | $800 |
The Lois | Studio / 1 Bathroom | Studio,1BA | $1,856 |
38 6th Ave | Studio 1 Bath | Studio,1BA | $2,121 |
PLG | Studio / 1 Bathroom | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
692 Madison St, Unit 692-2 Madison Street | 692 Madison St | 2BR,1BA | $1.45 |
714 5th Ave | 3 BED 2 BATH | 3BR,2BA | $3.14 |
303 Stuyvesant Ave, Unit 3 | 303 Stuyvesant Ave | 2BR,1BA | $2.21 |
169 Monroe St, Unit 2nd Floor | 169 Monroe St | 3BR,2BA | $2.44 |
1531 Union St, Unit 1 | 1531 Union St | 3BR,1BA | $3.03 |
354 Butler St, Unit New | 354 Butler St | Studio ,1BA | $2.11 |
147 Chauncey St | 147 Chauncey St | 1BR,1BA | $3.00 |
Ventnor Flatz | 2 Bedroom/1 Bath | 2BR,1BA | $0.94 |
The Lois | 1 Bedroom / 1 Bathroom | 1BR,1BA | $2.81 |
821 Troy Ave, Unit 2A | 821 Troy Ave | 1BR,1BA | $2.81 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleProspect Park, Brooklyn, NY
Ranked #95
Among neighborhoods in Brooklyn, NY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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.

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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.