Cheap Homes for Rent in Prospect Park Neighborhood of Brooklyn, NY from $700 (96 Rentals)

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Cheap Homes in the Prospect Park area of Brooklyn.

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.

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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.

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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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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 May 03, 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
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
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
Ventnor Flatz1 Bedroom/1 Bath1BR,1BA$1.07

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Frequently Asked Questions about Prospect Park

What type of rentals are currently available in Prospect Park?

There are currently 10041 Apartments for Rent in Prospect Park, NY with pricing that ranges from $1,025 to $23,000. There are also 252 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Park ranging from $725 to $27,000.

What is the current price range for Rental Homes in Prospect Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Prospect Park ranges from $725 to $27,000 with an average monthly rent of $5,601.

How much are larger Three and Four Bedroom Rentals in Prospect Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Prospect Park range from $1,025 to $11,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,500 to $12,000. Four Bedroom Single-Family rentals are also available starting from $3,195 and Four Bedroom Apartments start at $1,100.

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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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.

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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.