622 W 137th St
New YorkNY10031
Cheap Apartments for Rent in New York, NY from $300 (404 Rentals)
Search the lowest-cost Apartments available for rent right now in New York.
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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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Studio to 1 Bedroom Apartments
James Lenox House- 55 and Over- NYC Residents
49 E 73rd StNew York, NY 10021
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367 Avenue X
BrooklynNY11223
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from $7351 to 3 Bedroom Apartments Contact Us For Availability
The Willows at Glassworks
145 Cliffwood AveCliffwood, NJ 07721
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from $890Studio to 2 Bedroom Apartments Contact Us For Availability
Kings Plaza
270 King StPerth Amboy, NJ 08861
3306 106th St
QueensNY11368
173 Bleecker St
BrooklynNY11221
661 Brooklyn Ave
BrooklynNY11203
2916 Grand Concourse
BronxNY10458
1731 Brookhaven Ave
QueensNY11691
172-14 Baisley Blvd
QueensNY11434
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from $1,0171 to 4 Bedroom Apartments Contact Us For Availability
Portside II
136 Pine StElizabeth, NJ 07206
195 Menahan St
BrooklynNY11237
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from $1,039Studio to 4 Bedroom Apartments Contact Us For Availability
Whitney Young Manor
352-358 Nepperhan AveYonkers, NY 10701
1817 Putnam Ave
QueensNY11385
18-69 Madison St
QueensNY11385
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595 Kosciuszko St
BrooklynNY11221
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from $1,0751 to 2 Bedroom Apartments Contact Us For Availability
Bayshore Village (62+)
100 Shoal Harbor CtPort Monmouth, NJ 07758
451 Franklin Ave
BrooklynNY11238
1165 Fulton Ave
BronxNY10456
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from $1,1071 to 3 Bedroom Apartments Available Jun 1
Cliffs On Hudson
478 Hudson TerEnglewood Cliffs, NJ 07632
New York, NY Local Guide
How much does it cost to rent an apartment in New York?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap New York Studio Apartments | $3,273 | $890 | $10,000+ |
| Cheap New York 1 Bedroom Apartments | $3,440 | $735 | $10,000+ |
| Cheap New York 2 Bedroom Apartments | $4,204 | $1,188 | $10,000+ |
| Cheap New York 3 Bedroom Apartments | $4,414 | $1,397 | $10,000+ |
| Cheap New York 4 Bedroom Apartments | $5,716 | $1,195 | $10,000+ |
| New York 5 Bedroom Apartments | $6,676 | $3,500 | $10,000+ |
| New York 6 Bedroom Apartments | $9,107 | $1,200 | $10,000+ |
| New York 7 Bedroom Apartments | $5,000 | $5,000 | $5,000 |
Browse Top Apartments in New York
See all Apartments in New YorkExplore New York
New York, NY Local Guide
Written By:
Trey HuguleySenior Manager, Product Marketing
- New York Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in New York, NY
Pricing Updated: 04/03/2025Current apartment rentals in the New York, NY area range in price from $675 to $31,720 with an overall median price of $6,066. The three New York neighborhoods with the lowest median rent pricing are Arden Heights at $1,700, Woodrow at $1,700, and West Farms at $2,100. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for New York Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Arden Heights | $1,700 | $1,700 | 1 |
| Woodrow | $1,700 | $1,700 | 1 |
| West Farms | $2,100 | $2,100 | 1 |
| Neponsit & Belle | $2,425 | $1,850 | 2 |
| Mapleton | $2,499 | $1,550 | 4 |
| Unionport | $2,700 | $2,000 | 3 |
| Clifton | $2,700 | $2,700 | 1 |
| Dongan Hills | $2,850 | $1,732 | 2 |
| New Dorp Beach | $2,850 | $2,295 | 1 |
| South Beach Old Town | $2,850 | $1,732 | 2 |
Cheapest Available New York Apartments for Rent
The cheapest available apartment rental in New York, NY is a 2 Beds unit found at Ventnor Flatz in the Prospect Park neighborhood priced from $830. Park Lane at Sea View in the Westerleigh neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,120. Here is today’s list of the most affordable New York apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ventnor Flatz | 2 Bedroom/1 Bath | 2BR,1BA | $830 |
| Park Lane at Sea View | Studio | Studio,1BA | $1,120 |
| Senior Horizon | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,141 |
| Heritage Village at Elizabeth, 62+ Community | 1 Bedroom | 1BR,1BA | $1,229 |
| Sheridan Gardens | Studio | Studio,1BA | $1,250 |
Best Value Apartments for Rent in New York, NY
As of April 03, 2025 the best value apartment in the New York area is the $0.29 price per square foot 1431 37th St Model at 1431 37th St, Unit 1 in the in the Union Hill neighborhood starting from $2,900. The second greatest value New York apartment is the 123 Liberty St Model at 123 Liberty St, Unit 2 starting at $1,800 with a $0.36 price per square foot . Here is today’s list of the best values for New York apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1431 37th St, Unit 1 | 1431 37th St | 2BR,2BA | $0.29 |
| 123 Liberty St, Unit 2 | 123 Liberty St | 2BR,1BA | $0.36 |
| 1523 E 29th St, Unit Furnished apartment | 1523 E 29th St | 3BR,1BA | $1.04 |
| 5614 Avenue N, Unit 2nd Floor | 5614 Avenue N | 3BR,1BA | $1.10 |
| 28 E Morris Ave, Unit 2nd Flr | 28 E Morris Ave | 2BR,1BA | $0.88 |
| 156 Lower Main St, Unit 156 Lower Main St | 156 Lower Main St | 3BR,1BA | $1.45 |
| 825 E 21st St, Unit Glenwood | 825 E 21st St | 2BR,1BA | $1.07 |
| 143 Duncan Ave, Unit B basement | 143 Duncan Ave | 2BR,1BA | $1.42 |
| 4 Rose Ave, Unit 2 R | 4 Rose Ave | 1BR,1BA | $1.32 |
| Ventnor Flatz | 2 Bedroom/1 Bath | 2BR,1BA | $0.98 |
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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
See the most popular apartments and homes in New York, NY
New York, NY Apartments MapNew York, NY Rental Homes MapGetting 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 a cheap apartment in New York?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in New York is under $1,250.
What is the price of a cheap apartment in New York?
The cheapest apartment in New York is Senior Horizon which is listed at $1,141, while the average apartment in New York costs $6,066.
What types of apartments are the cheapest in New York?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 603 regular apartments in New York that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in New York?
Cheap apartments in New York have an average cost of $804 which is $5,262 cheaper than the average rent for all rentals in New York.
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.
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.
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.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.