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Cheap Apartments for Rent in the Governors Island Neighborhood of New York, NY from $1,000 (41 Rentals)
Search the lowest-cost Apartments available for rent right now in the Governors Island area of New York.
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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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138-139 9th St
BrooklynNY11215
404 5th St
BrooklynNY11215
296-297 7th Ave
BrooklynNY11215
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354 Butler St
BrooklynNY11217
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131 Columbia St
BrooklynNY11231
323 Schermerhorn St
BrooklynNY11217
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Showing Results 1-41, Page 1 of 1
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 | $4,311 | $1,914 | $10,000+ |
| Governors Island 1 Bedroom Apartments | $4,704 | $1,050 | $10,000+ |
| Governors Island 2 Bedroom Apartments | $6,882 | $1,800 | $10,000+ |
| Governors Island 3 Bedroom Apartments | $6,286 | $3,295 | $10,000+ |
| Governors Island 4 Bedroom Apartments | $8,691 | $1,200 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 41 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
- Nearby New York neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Governors Island Apartments for Rent
The cheapest available apartment rental in the Governors Island area of New York, NY is a 1 Bed unit found at 295J priced from $2,630. Lenox has the second lowest priced unit, which is a Studio apartment currently listed from $2,963. Here are the most affordable Governors Island apartments for rent in New York, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 295J | 1 Bedroom B | 1BR,1BA | $2,630 |
| Lenox | S4 | Studio,1BA | $2,963 |
| 225 Grand | Studio | Studio,1BA | $2,996 |
| The Brooklyner | Studio B Line floors 5-50 | Studio,1BA | $3,105 |
| 18 Park | Studio | Studio,1BA | $3,151 |
Best Value Apartments for Rent in Governors Island, NY
As of March 27, 2025 the best value apartment in the Governors Island 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 Governors Island apartment is the 170 14th St Model at 170 14th St, Unit Park Slope starting at $3,868 with a $2.98 price per square foot in the Park Slope 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. |
|---|---|---|---|
| 517 Grand St, Unit 1st Floor Duplex | 517 Grand St | 4BR,2BA | $3.39 |
| 170 14th St, Unit Park Slope | 170 14th St | 4BR,1BA | $2.98 |
| 62 Sussex St, Unit #3 | 62 Sussex St | 2BR,1BA | $3.89 |
| 177 YORK St, Unit 2 | 177 YORK St | 2BR,1BA | $3.03 |
| 354 Butler St | 354 Butler St | 1BR,1BA | $2.11 |
| 138 9th St | 138 9th St | 1BR,1BA | $1.17 |
| 331 16th St, Unit Apt 3 | 331 16th St | 3BR,1BA | $4.09 |
| 450 GRAND St, Unit 3 | 450 GRAND St | 1BR,1BA | $2.53 |
| 295J | 1 Bedroom B | 1BR,1BA | $4.14 |
| 270 Marin Blvd, Unit 6F | 270 Marin Blvd | 1BR,1BA | $4.33 |
Quick Rent Budget Calculator
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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.
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Pet Friendly LifestyleGovernors Island, New York, NY
Ranked #10
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
New York City Geographic District 15 Brooklyn
Public School - Grades PK-5 (381)
4 out of 10
School data provided by Great Schools
Best Local Schools in Governors Island, New York, NY
Ps 15 Patrick F Daly
New York City Geographic District 15 Brooklyn
Public School - Grades PK-5 (381)
4 out of 10
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 a cheap apartment in Governors Island?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Governors Island is under $3,151.
What is the price of a cheap apartment in Governors Island?
The cheapest apartment in Governors Island is 295J which is listed at $2,630, while the average apartment in Governors Island costs $7,850.
What types of apartments are the cheapest in Governors Island?
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 22 regular apartments in Governors Island 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 Governors Island?
Cheap apartments in Governors Island have an average cost of $421 which is $7,429 cheaper than the average rent for all rentals in Governors Island.
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.