Cheap Apartments for Rent in New York, NY from $300 (690 Rentals)

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Search the lowest-cost Apartments available for rent right now in New York.

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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New York, NY Local Guide

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Written By:
Trey Huguley
Director, Product Marketing

Cheapest Neighborhoods for Apartments in New York, NY

Pricing Updated: 04/23/2025

Current apartment rentals in the New York, NY area range in price from $900 to $55,000 with an overall median price of $6,809. The three New York neighborhoods with the lowest median rent pricing are Charleston at $1,600, Woodrow at $1,650, and New Springville at $1,800. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for New York Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Charleston$1,650$1,6003
Woodrow$1,650$1,6501
New Springville$1,800$1,8001
Graniteville$2,000$1,6005
Westerleigh$2,000$1,6005
Van Nest$2,100$1,8503
Bronxdale$2,395$1,90011
Marble Hill$2,395$2,3951
Mount Hope$2,395$2,0858
West Farms$2,395$2,1254

Cheapest Available New York Apartments for Rent

 

The cheapest available apartment rental in New York, NY is a 1 Bed unit found at Ventnor Flatz in the Prospect Park neighborhood priced from $750. Markham Gardens in the Grymes Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $848. Here is today’s list of the most affordable New York apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ventnor Flatz1 Bedroom/1 Bath1BR,1BA$750
Markham Gardens1 Bedroom1BR,1BA$848
Park Lane at Sea ViewStudioStudio,1BA$1,120
Senior Horizon1 Bedroom 1 Bathroom1BR,1BA$1,141
Heritage Village at Elizabeth, 62+ Community1 Bedroom1BR,1BA$1,229

Best Value Apartments for Rent in New York, NY

As of April 23, 2025 the best value apartment in the New York area is the $0.65 price per square foot 346 Arlington Ave Model at 346 Arlington Ave, Unit 346 Arlington Ave in the in the Martin Luther King-Bergen neighborhood starting from $6,500. The second greatest value New York apartment is the 1523 E 29th St Model at 1523 E 29th St, Unit Furnishedapartment starting at $4,000 with a $1.14 price per square foot in the Manhattan Terrace neighborhood. Here is today’s list of the best values for New York apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
346 Arlington Ave, Unit 346 Arlington Ave346 Arlington Ave5BR,5BA$0.65
1523 E 29th St, Unit Furnishedapartment1523 E 29th St3BR,1BA$1.14
8 Morris Cres, Unit 3 FL8 Morris Cres1BR,1BA$0.65
28 E Morris Ave, Unit 2nd Flr28 E Morris Ave2BR,1BA$0.88
544 Mercer St, Unit 2544 Mercer StStudio ,1BA$0.60
540 Mercer St540 Mercer St1BR,1BA$0.55
86 Hawthorne Ave, Unit 86 Hawthorne Ave, Newark,86 Hawthorne Ave3BR,1BA$1.33
4 Rose Ave, Unit 2 R4 Rose Ave1BR,1BA$1.32
678 Communipaw Ave678 Communipaw AveStudio ,1BA$1.00
Ventnor Flatz1 Bedroom/1 Bath1BR,1BA$1.07

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New York Overview

There's a reason they call New York City the Big Apple. It is one of the most exciting cities in the world. The largest city in the United States in top of population, this city is a melting pot of culture, adventure and fun. Living here, you'll enjoy a global community that is home to the leaders in finance, fashion, culture, and art. With five boroughs to choose from when looking for apartments in New York City, there is something here for everyone. Maybe it's time for you to take your own bite out of the Big Apple.

Why live in New York, NY?

The easier question might be why wouldn't someone want to live in New York City. No matter the time of day, there is somewhere to go, something to do, and someone to do it with. From bars to restaurants to the theater, it's true this town never sleeps. Add in the parks, museums, and Times Square, and NYC is truly a unique place that will make you feel connected to the world in a way that isn't possible anywhere else.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore New York, NY Rentals by Map

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See the most popular apartments and homes in New York, NY

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Getting Around New York, NY

Walk Score®

98 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

86 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

100 / 100

Rider’s Paradise

World-class public transportation

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap New York Apartments

What is the Cheapest Studio apartment in New York?

Currently the most affordable Cheap Studio Apartment in New York is at Park Lane at Sea View listed at $1,120.

How much is rent for a Cheap One Bedroom New York Apartment?

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

What is the lowest price for a Cheap Two Bedroom New York Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in New York is starting from $1,441 at Park Lane at Sea View.

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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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.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.