Cheap Homes for Rent in Alphabet City Neighborhood of New York, NY from $2,900 (43 Rentals)

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Search the lowest-cost Homes available for rent right now in the Alphabet City area of New York.

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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property at 619 E 5th St

619 E 5th St

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Alphabet City, New York, NY Local Guide

Cheapest Available Alphabet City Apartments for Rent

 

The cheapest available apartment rental in the Alphabet City area of New York, NY is a Studio unit found at 518 East 5th Street priced from $2,550. 516 East 5th Street has the second lowest priced unit, which is a Studio apartment currently listed from $2,630. Here are the most affordable Alphabet City apartments for rent in New York, NY:

Apartment ListingModel NameBed/BathPriced From
518 East 5th Street518 EAST 5TH STREET - 2 ROOM STUDIO / 1 BATHStudio,1BA$2,550
516 East 5th Street516 EAST 5TH STREET - 2 ROOM STUDIO / 1 BATHStudio,1BA$2,630
514 East 5th Street514 EAST 5TH STREET - 2 ROOM STUDIO / 1 BATHStudio,1BA$2,630
112 East 7th Street112 EAST 7TH STREET - LOFT STUDIO / 1 BATHStudio,1BA$2,650
620 East 11th Street620 EAST 11TH STREET - 2 ROOM STUDIO / 1 BATHStudio,1BA$2,725
315 E 58th StStudioStudio,1BA$2,850
221 2nd AvenueStudioStudio,1BA$3,000
197 E 4th St1 bed/ 1bath1BR,1BA$3,300
35 E 7th StStudioStudio,1BA$3,400
55-61 Delancey Street55-C Line 2 Bed 1 Bath2BR,1BA$3,950

Best Value Apartments for Rent in Alphabet City, NY

As of April 14, 2025 the best value apartment in the Alphabet City area is the $7.35 price per square foot 204 Avenue A Model at 204 Avenue A, Unit 4C in the in the Gramercy-Flatiron neighborhood starting from $6,950. The second greatest value Alphabet City apartment is the 266 E 7th St Model at 266 E 7th St, Unit 4F starting at $5,500 with a $6.11 price per square foot in the Gramercy-Flatiron neighborhood. Here is today’s list of the best values for Alphabet City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
204 Avenue A, Unit 4C204 Avenue A2BR,2BA$7.35
266 E 7th St, Unit 4F266 E 7th St2BR,2BA$6.11
197 E 4th St3 Bed/1.5 Bath3BR,1.5BA$6.56
249 E Houston St, Unit 1249 E Houston St1BR,1BA$7.50
315 E 58th St1 Bedroom1BR,1BA$4.69
50 N 5thApt BE & BW1BR,1BA$8.81
250 E Houston1 Bedroom / 1 Bathroom1BR,1BA$8.42
96 Fifth AveStudioStudio ,1BA$7.92
221 2nd Avenue1 Bed1BR,1BA$6.70
55-61 Delancey Street55-C Line 2 Bed 1 Bath2BR,1BA$10.73

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Frequently Asked Questions about Alphabet City

What type of rentals are currently available in Alphabet City?

There are currently 1113 Apartments for Rent in Alphabet City, NY with pricing that ranges from $1,750 to $30,000. There are also 91 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alphabet City ranging from $2,900 to $8,999.

What is the current price range for Rental Homes in Alphabet City?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Alphabet City ranges from $2,900 to $8,999 with an average monthly rent of $5,566.

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.

decorative image for The 10 Best Affordable Neighborhoods for Renting in New York City article

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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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.

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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.