243 E Broadway
New YorkNY10002
Cheap Homes for Rent in Downtown Neighborhood of New York, NY from $1,200 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of New York.
7 Eldridge St
New YorkNY10002
375 E 10th St
New YorkNY10009
113 1st Ave
New YorkNY10003
226 E 7th St
New YorkNY10009
46 E 7th St
New YorkNY10003
177 Thompson St
New YorkNY10012
138 Eldridge St
New YorkNY10002
130 Water St
New YorkNY10005
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, New York, NY Local Guide
How much does it cost to rent a home in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown 2 Bedroom Homes for Rent | $9,290 | $2,950 | $10,000+ |
| Downtown 3 Bedroom Homes for Rent | $8,319 | $1,225 | $10,000+ |
| Downtown 4 Bedroom Homes for Rent | $24,997 | $7,495 | $10,000+ |
| Downtown 5 Bedroom Homes for Rent | $17,254 | $1,775 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 9 rentals with your search options within a 1 mile radius of the Downtown Neighborhood of New York, NY.
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Downtown, New York, NY Local Guide
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Cheapest Available Downtown Apartments for Rent
The cheapest available apartment rental in the Downtown area of New York, NY is a 1 Bed unit found at 133 W Third St priced from $2,500. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 133 W Third St | Private Bedroom | 1BR, | $2,500 |
| 518 East 5th Street | 518 EAST 5TH STREET - 2 ROOM STUDIO / 1 BATH | Studio,1BA | $2,550 |
| 25 Clinton Street | 25 CLINTON STREET - STUDIO / 1 BATH | Studio,1BA | $2,625 |
Best Value Apartments for Rent in Downtown, NY
As of March 27, 2025 the best value apartment in the Downtown area is the $3.39 price per square foot 517 Grand St Model at 517 Grand St, Unit 1st Floor Duplex in the in the Downtown neighborhood starting from $4,750. The second greatest value Downtown apartment is the 2 Bedroom/2 Bath Model at Gateway Battery Park City starting at $6,830 with a $5.98 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 517 Grand St, Unit 1st Floor Duplex | 517 Grand St | 4BR,2BA | $3.39 |
| Gateway Battery Park City | 2 Bedroom/2 Bath | 2BR,2BA | $5.98 |
| Independence Plaza | 2 Bed, 1 Bath Floorplan | 2BR,1BA | $6.35 |
| Newport Rentals | BISBY - 2 Bedrooms Two Bathroom | 2BR,2BA | $6.53 |
| 20 Exchange | 2 Bed, 1 Bath | 2BR,1BA | $6.32 |
| Exhibit | 2 Bedroom / 2 Bathroom | 2BR,2BA | $6.52 |
| 197 E 4th St | 3 Bed/1.5 Bath | 3BR,1.5BA | $6.56 |
| 65 Bay Street | 1 BR 1 BA Res 06: FL 50 - 51 | 1BR,1BA | $5.27 |
| 32 East 7th Street | 32 EAST 7TH STREET - 1 BR / 1 BATH | 1BR,1BA | $4.46 |
| 251 Water St, Unit 2B | 251 Water St | Studio ,1BA | $6.52 |
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Frequently Asked Questions about Downtown
What type of rentals are currently available in Downtown?
There are currently 5456 Apartments for Rent in Downtown, NY with pricing that ranges from $2,000 to $89,959. There are also 188 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $1,225 to $75,000.
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 $1,225 to $75,000 with an average monthly rent of $11,759.
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 $3,850 to $26,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,225 to $25,000. Four Bedroom Single-Family rentals are also available starting from $7,495 and Four Bedroom Apartments start at $4,750.
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.