Cheap Homes for Rent in Downtown Neighborhood of New York, NY from $2,300 (83 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Cheap Homes in the Downtown area of New York.

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.

Read Article

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.

Read Article

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

Read Article
property at 306 Mott St

306 Mott St

New YorkNY10012
Showing Results 1-50, Page 1 of 2

Downtown, New York, NY Local Guide

Cheapest Available Downtown Apartments for Rent

 

The cheapest available apartment rental in the Downtown area of New York, NY is a Studio unit found at 203 Chrystie Street priced from $2,499. 518 East 5th Street has the second lowest priced unit, which is a Studio apartment currently listed from $2,550. Here are the most affordable Downtown apartments for rent in New York, NY:

Apartment ListingModel NameBed/BathPriced From
203 Chrystie StreetStudio / 1 BathroomStudio,1BA$2,499
518 East 5th Street518 EAST 5TH STREET - 2 ROOM STUDIO / 1 BATHStudio,1BA$2,550
112 East 7th Street112 EAST 7TH STREET - STUDIO / 1 BATHStudio,1BA$2,600
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
620 East 11th Street620 EAST 11TH STREET - 2 ROOM STUDIO / 1 BATHStudio,1BA$2,725
110 East 7th Street110 EAST 7TH STREET - 2 BR / 1 BATH2BR,1BA$2,875
Newport RentalsPARKSIDE WEST - Studio One BathroomStudio,1BA$2,913
221 2nd AvenueStudioStudio,1BA$3,000
SableS2Studio,1BA$3,150

Best Value Apartments for Rent in Downtown, NY

As of May 03, 2025 the best value apartment in the Downtown area is the $6.53 price per square foot Three Bedroom C2B-W Model at View 34 in the in the Upper East Side neighborhood starting from $8,427. The second greatest value Downtown apartment is the 2 Bedroom / 2 Bathroom Model at Exhibit starting at $5,909 with a $6.52 price per square foot in the Downtown neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
View 34Three Bedroom C2B-W3BR,2BA$6.53
Exhibit2 Bedroom / 2 Bathroom2BR,2BA$6.52
197 E 4th St3 Bed/1.5 Bath3BR,1.5BA$6.56
Stella LES9B - Studio/1BA, TerraceStudio ,1BA$5.11
The LexingtonL-Line1BR,1BA$4.51
65 Bay Street1 BR 1 BA Res 02 & 08: FL 8 - 441BR,1BA$5.23
Liberty LuxeStudio / 1 BathroomStudio ,1BA$6.50
221 2nd Avenue1 Bed1BR,1BA$6.70
251 Water St, Unit 2B251 Water StStudio ,1BA$6.52
21 West StreetMZS01 - Res 4H-18H, 19H-23HStudio ,1BA$6.46

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Downtown

What type of rentals are currently available in Downtown?

There are currently 5342 Apartments for Rent in Downtown, NY with pricing that ranges from $1,575 to $60,000. There are also 492 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $2,350 to $39,500.

What is the current price range for Rental Homes in Downtown?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown ranges from $2,350 to $39,500 with an average monthly rent of $7,796.

How much are larger Three and Four Bedroom Rentals in Downtown?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown range from $1,575 to $60,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $4,000 to $39,500. Four Bedroom Single-Family rentals are also available starting from $8,100 and Four Bedroom Apartments start at $6,000.

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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

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.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

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.