
Cheap Apartments for Rent in the Governors Island Neighborhood of New York, NY from $1,200 (48 Rentals)
Search the lowest-cost Apartments available for rent right now in the Governors Island area of New York.


Private bedroom in 3 bed/1 bath Home

Private bedroom in 3 bed/1 bath Home

Private bedroom in 3 bed/1 bath Home

Private bedroom in 3 bed/1 bath Home

Private bedroom in 3 bed/1 bath Home

Private bedroom in 3 bed/1 bath Home

Private bedroom in 3 bed/1 bath Home

Private bedroom in 3 bed/1 bath Home

Private bedroom in 3 bed/1 bath Home
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.

Private bedroom in 3 bed/1 bath Home

Private bedroom in 3 bed/1 bath Home

Private bedroom in 3 bed/1 bath Home

Private bedroom in 3 bed/1 bath Home

Private bedroom in 3 bed/1 bath Home

Private bedroom in 3 bed/1 bath Home

Private bedroom in 3 bed/1 bath Home

Private bedroom in 3 bed/1 bath Home

Private bedroom in 3 bed/1 bath Home
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

404 5th St

Private bedroom in 3 bed/1 bath Home
Governors Island, New York, NY Local Guide

How much does it cost to rent an apartment in Governors Island?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Governors Island Studio Apartments | $4,260 | $1,900 | $10,000+ |
Governors Island 1 Bedroom Apartments | $4,865 | $1,900 | $10,000+ |
Governors Island 2 Bedroom Apartments | $7,124 | $2,695 | $10,000+ |
Governors Island 3 Bedroom Apartments | $4,965 | $1,350 | $10,000+ |
Governors Island 4 Bedroom Apartments | $8,760 | $1,200 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 48 rentals with your search options within a 2 mile radius of the Governors Island Neighborhood of New York, NY.
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Governors Island, New York, NY Local Guide
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Cheapest Available Governors Island Apartments for Rent
 The cheapest available apartment rental in the Governors Island area of New York, NY is a Studio unit found at The Montgomery priced from $2,332. 225 Grand has the second lowest priced unit, which is a Studio apartment currently listed from $2,912. Here are the most affordable Governors Island apartments for rent in New York, NY:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Montgomery | A | Studio,1BA | $2,332 |
225 Grand | Studio | Studio,1BA | $2,912 |
Lenox | S4 | Studio,1BA | $2,963 |
Atlas | A1 | 1BR,1BA | $3,057 |
18 Park | Studio | Studio,1BA | $3,127 |
The Addison | Studio 1 bath | Studio,1BA | $3,238 |
Best Value Apartments for Rent in Governors Island, NY
As of April 23, 2025 the best value apartment in the Governors Island area is the $3.14 price per square foot 3 BED 2 BATH Model at 714 5th Ave in the in the Crown Heights South neighborhood starting from $6,275. The second greatest value Governors Island apartment is the 2 Bed 2 Bath J Model at The Gotham starting at $4,760 with a $4.43 price per square foot in the Pavonia neighborhood. Here is today’s list of the best values for Governors Island apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
714 5th Ave | 3 BED 2 BATH | 3BR,2BA | $3.14 |
The Gotham | 2 Bed 2 Bath J | 2BR,2BA | $4.43 |
354 Butler St, Unit New | 354 Butler St | Studio ,1BA | $2.11 |
177 YORK St, Unit 2 | 177 YORK St | 2BR,1BA | $2.99 |
62 Sussex St, Unit #3 | 62 Sussex St | 2BR,1BA | $3.61 |
450 GRAND St, Unit 3 | 450 GRAND St | 1BR,1BA | $2.53 |
Atlas | A4 | 1BR,1BA | $4.67 |
225 Grand | Studio | Studio ,1BA | $4.47 |
18 Park | 1 bed 1 bath | 1BR,1BA | $5.01 |
270 Marin Blvd, Unit 6F | 270 Marin Blvd | 1BR,1BA | $4.33 |
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Pet Friendly LifestyleGovernors Island, New York, NY
Ranked #87
Among neighborhoods in New York, NY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Governors Island, New York, NY
Ps 15 Patrick F Daly
School data provided by Great Schools
Getting Around the Governors Island Neighborhood in New York, NY
Walk Score®
13 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
30 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
63 / 100
Good Transit
Many nearby public transportation options
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 Governors Island Apartments
What is the Cheapest Studio apartment in Governors Island?
Currently the most affordable Cheap Studio Apartment in Governors Island is at The Montgomery listed at $2,332.
How much is rent for a Cheap One Bedroom Governors Island Apartment?
The lowest price for a Cheap One Bedroom Governors Island Apartment is $2,470 at The Montgomery.
What is the lowest price for a Cheap Two Bedroom Governors Island Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Governors Island is starting from $3,900 at Essex Commons.
What is the most affordable Governors Island Three Bedroom Apartment?
The best deal on a cheap Governors Island Three Bedroom Apartment rental is at 714 5th Ave and starts from $6,275.
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.

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.

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.