Cheap Homes for Rent in Governors Island Neighborhood of New York, NY from $1,200 (25 Rentals)

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Search the lowest-cost Homes available for rent right now in the Governors Island area of New York.

property at 7 Eldridge St

7 Eldridge St

New YorkNY10002
property at 270 Marin Blvd

270 Marin Blvd

Jersey CityNJ07302
property at 130 Water St

130 Water St

New YorkNY10005
property at 443 Hicks St

443 Hicks St

BrooklynNY11201

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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property at 102 Fulton St

102 Fulton St

New YorkNY10038
property at 80 John St

80 John St

New YorkNY10038
property at 439 Hicks St

439 Hicks St

BrooklynNY11201
property at 478 Pacific Ave

478 Pacific Ave

Jersey CityNJ07304
property at 20 West St

20 West St

New YorkNY10004
property at 100 Maiden Ln

100 Maiden Ln

ManhattanNY10004
property at 500 4th Ave

500 4th Ave

BrooklynNY11215
property at 1 Clinton St

1 Clinton St

BrooklynNY11201
Showing Results 1-25, Page 1 of 1

Governors Island, New York, NY Local Guide

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 AVA Fort Greene priced from $2,471. 295J has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,630. Here are the most affordable Governors Island apartments for rent in New York, NY:

Apartment ListingModel NameBed/BathPriced From
AVA Fort GreeneA31BR,1BA$2,471
295J1 Bedroom B1BR,1BA$2,630
LenoxS4Studio,1BA$2,963
225 GrandStudioStudio,1BA$2,992
The BrooklynerStudio B Line floors 5-50Studio,1BA$3,085

Best Value Apartments for Rent in Governors Island, NY

As of March 29, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
517 Grand St, Unit 1st Floor Duplex517 Grand St4BR,2BA$3.39
170 14th St, Unit Park Slope170 14th St4BR,1BA$2.98
62 Sussex St, Unit #362 Sussex St2BR,1BA$3.89
354 Butler St354 Butler St1BR,1BA$2.11
177 YORK St, Unit 2177 YORK St2BR,1BA$3.03
450 GRAND St, Unit 3450 GRAND St1BR,1BA$2.53
AtlasA11BR,1BA$4.38
225 GrandStudioStudio ,1BA$4.58
295J1 Bedroom B1BR,1BA$4.14
270 Marin Blvd, Unit 6F270 Marin Blvd1BR,1BA$4.33

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Frequently Asked Questions about Governors Island

What type of rentals are currently available in Governors Island?

There are currently 4750 Apartments for Rent in Governors Island, NY with pricing that ranges from $1,050 to $29,757. There are also 195 Single Family Homes for rent, Condos, and Townhome rentals currently available in Governors Island ranging from $1,225 to $75,000.

What is the current price range for Rental Homes in Governors Island?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Governors Island ranges from $1,225 to $75,000 with an average monthly rent of $8,325.

How much are larger Three and Four Bedroom Rentals in Governors Island?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Governors Island range from $3,295 to $10,502, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,225 to $19,500. Four Bedroom Single-Family rentals are also available starting from $7,500 and Four Bedroom Apartments start at $1,200.

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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.