Cheap Apartments for Rent in New York, NY from $300 (677 Rentals)

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Search the lowest-cost Apartments available for rent right now in 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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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: 04/12/2025

Current apartment rentals in the New York, NY area range in price from $675 to $80,000 with an overall median price of $7,047. The three New York neighborhoods with the lowest median rent pricing are Woodrow at $1,700, Rossville at $1,749, and Unionport at $2,000. 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
Woodrow$1,724$1,7002
Rossville$1,749$1,7491
Unionport$2,300$2,0002
Mapleton$2,300$1,5503
Broadway Junction$2,500$2,2002
Arden Heights$2,500$1,7002
Neponsit & Belle$2,600$1,8503
West Ford Park$2,700$2,7001
Hunt's Point$2,800$2,8001
Clifton$2,800$2,6001

Cheapest Available New York Apartments for Rent

 

The cheapest available apartment rental in New York, NY is a Studio unit found at Park Lane at Sea View in the Westerleigh neighborhood priced from $1,120. Senior Horizon in the Bergen Point neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,141. Here is today’s list of the most affordable New York apartments for rent:

Apartment ListingModel NameBed/BathPriced From
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
Sheridan GardensStudioStudio,1BA$1,250

Best Value Apartments for Rent in New York, NY

As of April 13, 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 346 Arlington Ave Model at 346 Arlington Ave, Unit 346 Arlington Ave starting at $6,500 with a $0.65 price per square foot in the Martin Luther King-Bergen 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.
1431 37th St, Unit 11431 37th St2BR,2BA$0.29
346 Arlington Ave, Unit 346 Arlington Ave346 Arlington Ave5BR,5BA$0.65
123 Liberty St, Unit 2123 Liberty St2BR,1BA$0.36
14703 130th Ave14703 130th Ave3BR,2BA$0.93
1523 E 29th St, Unit Furnishedapartment1523 E 29th St3BR,1BA$1.14
5614 Avenue N, Unit 2nd Floor5614 Avenue N3BR,1BA$1.10
28 E Morris Ave, Unit 2nd Flr28 E Morris Ave2BR,1BA$0.88
544 Mercer St, Unit 1544 Mercer StStudio ,1BA$0.60
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

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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 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 $7,047.

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 600 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 $543 which is $6,504 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.

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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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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.