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Cheap Apartments for Rent in the Downtown Manhattan Neighborhood of New York, NY from $1,900 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Manhattan area of New York.
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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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Downtown Manhattan, New York, NY Local Guide
How much does it cost to rent an apartment in Downtown Manhattan?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Manhattan Studio Apartments | $4,894 | $4,427 | $5,270 |
| Downtown Manhattan 1 Bedroom Apartments | $5,446 | $2,700 | $10,000+ |
| Downtown Manhattan 2 Bedroom Apartments | $8,273 | $3,250 | $10,000+ |
| Downtown Manhattan 3 Bedroom Apartments | $11,697 | $6,295 | $10,000+ |
| Downtown Manhattan 4 Bedroom Apartments | $12,600 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Downtown Manhattan Neighborhood of New York, NY.
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Downtown Manhattan, New York, NY Local Guide
- Nearby New York neighborhoods
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Cheapest Available Downtown Manhattan Apartments for Rent
The cheapest available apartment rental in the Downtown Manhattan area of New York, NY is a Studio unit found at 8 Spruce priced from $4,232. 88 Leonard has the second lowest priced unit, which is a Studio apartment currently listed from $4,512. Here are the most affordable Downtown Manhattan apartments for rent in New York, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 8 Spruce | Studio / 1 Bathroom | Studio,1BA | $4,232 |
| 88 Leonard | S4S03 - 1507 | 0308-1208 | 1408 | 0309-1209 | Studio,1BA | $4,512 |
| 111 Worth | SE | Studio,1BA | $4,539 |
Best Value Apartments for Rent in Downtown Manhattan, NY
As of May 10, 2025 the best value apartment in the Downtown Manhattan area is the $9.98 price per square foot 1H Renovation 2 Model at 111 Worth in the in the Downtown neighborhood starting from $6,060. The second greatest value Downtown Manhattan apartment is the S4A02 - 1610-1910 Model at 88 Leonard starting at $6,349 with a $10.78 price per square foot in the Downtown neighborhood. Here is today’s list of the best values for Downtown Manhattan apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 111 Worth | 1H Renovation 2 | 1BR,1BA | $9.98 |
| 88 Leonard | S4A02 - 1610-1910 | 1BR,1BA | $10.78 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleDowntown Manhattan, New York, NY
Ranked #40
Among neighborhoods in New York, NY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Downtown Manhattan, New York, NY
Spruce Street School
New York City Geographic District 2 Manhattan
Public School - Grades PK-8 (431)
9 out of 10
School data provided by Great Schools
Getting Around the Downtown Manhattan Neighborhood in New York, NY
Walk Score®
100 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
94 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
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 Downtown Manhattan Apartments
How much is rent for a Cheap One Bedroom Downtown Manhattan Apartment?
The lowest price for a Cheap One Bedroom Downtown Manhattan Apartment is $5,813 at 8 Spruce.
What is the lowest price for a Cheap Two Bedroom Downtown Manhattan Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Manhattan is starting from $9,520 at 8 Spruce.
What is the most affordable Downtown Manhattan Three Bedroom Apartment?
The best deal on a cheap Downtown Manhattan Three Bedroom Apartment rental is at 88 Leonard and starts from $17,019.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
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.