Cheap Homes for Rent in Governors Island Neighborhood of New York, NY from $1,300 (14 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 174 Canal St

174 Canal St

New YorkNY10013
property at 270 Marin Blvd

270 Marin Blvd

Jersey CityNJ07302
property at 90 William St

90 William St

New YorkNY10038
property at 201 Marin Blvd

201 Marin Blvd

Jersey CityNJ07302

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

property at 130 Water St

130 Water St

New YorkNY10005

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 295J priced from $2,630. 235 Grand has the second lowest priced unit, which is a Studio apartment currently listed from $2,934. Here are the most affordable Governors Island apartments for rent in New York, NY:

Apartment ListingModel NameBed/BathPriced From
295J1 Bedroom B1BR,1BA$2,630
235 GrandStudioStudio,1BA$2,934
LenoxS4Studio,1BA$2,963
225 GrandStudioStudio,1BA$3,020
18 ParkStudioStudio,1BA$3,151

Best Value Apartments for Rent in Governors Island, NY

As of March 22, 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 $3,800 with a $3.17 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 St3BR,1BA$3.17
62 Sussex St, Unit #362 Sussex St2BR,1BA$4.06
177 YORK St, Unit 2177 YORK St2BR,1BA$3.03
354 Butler St354 Butler St1BR,1BA$2.11
138 9th St138 9th St1BR,1BA$1.17
331 16th St, Unit Apt 3331 16th St3BR,1BA$4.09
450 GRAND St, Unit 3450 GRAND St1BR,1BA$2.53
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 4756 Apartments for Rent in Governors Island, NY with pricing that ranges from $1,200 to $29,951. There are also 203 Single Family Homes for rent, Condos, and Townhome rentals currently available in Governors Island ranging from $1,300 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 $1,300 to $75,000 with an average monthly rent of $9,724.

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 $12,853, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 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 What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.