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New York's Best Affordable Neighborhoods

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New York, NY Local Guide

Cheapest Neighborhoods for Apartments in New York, NY

Pricing Updated: 04/24/2025

Current apartment rentals in the New York, NY area range in price from $800 to $100,000 with an overall median price of $6,030. The three New York neighborhoods with the lowest median rent pricing are Woodrow at $1,700, West Farms at $2,100, and Unionport at $2,300. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for New York Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Woodrow$1,700$1,7001
West Farms$2,100$2,1001
Unionport$2,300$2,3001
Mapleton$2,400$2,0003
Arden Heights$2,500$1,7002
Concord$2,600$2,5001
Seaside$2,650$2,2505
West Ford Park$2,700$2,7001
Neponsit & Belle$2,775$2,2501
Clifton$2,800$2,6002

Cheapest Available New York Apartments for Rent

 

The cheapest available apartment rental in New York, NY is a 1 Bed unit found at Ventnor Flatz in the Prospect Park neighborhood priced from $750. Markham Gardens in the Grymes Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $848. Here is today’s list of the most affordable New York apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ventnor Flatz1 Bedroom/1 Bath1BR,1BA$750
Markham Gardens1 Bedroom1BR,1BA$848
Park Lane at Sea ViewStudioStudio,1BA$1,120
Senior Horizon1 Bedroom 1 Bathroom1BR,1BA$1,141
Heritage Village at Elizabeth, 62+ Community1 Bedroom1BR,1BA$1,229
Sheridan GardensStudioStudio,1BA$1,250

Best Value Apartments for Rent in New York, NY

As of April 24, 2025 the best value apartment in the New York area is the $0.65 price per square foot 346 Arlington Ave Model at 346 Arlington Ave, Unit 346 Arlington Ave in the in the Martin Luther King-Bergen neighborhood starting from $6,500. The second greatest value New York apartment is the 1523 E 29th St Model at 1523 E 29th St, Unit Furnishedapartment starting at $4,000 with a $1.14 price per square foot in the Manhattan Terrace neighborhood. Here is today’s list of the best values for New York apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
346 Arlington Ave, Unit 346 Arlington Ave346 Arlington Ave5BR,5BA$0.65
1523 E 29th St, Unit Furnishedapartment1523 E 29th St3BR,1BA$1.14
8 Morris Cres, Unit 3 FL8 Morris Cres1BR,1BA$0.65
28 E Morris Ave, Unit 2nd Flr28 E Morris Ave2BR,1BA$0.88
544 Mercer St, Unit 2544 Mercer StStudio ,1BA$0.60
540 Mercer St540 Mercer St1BR,1BA$0.55
86 Hawthorne Ave, Unit 86 Hawthorne Ave, Newark,86 Hawthorne Ave3BR,1BA$1.33
4 Rose Ave, Unit 2 R4 Rose Ave1BR,1BA$1.32
678 Communipaw Ave678 Communipaw AveStudio ,1BA$1.00
Ventnor Flatz1 Bedroom/1 Bath1BR,1BA$1.07

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Frequently Asked Questions about New York

What type of rentals are currently available in New York?

There are currently 75482 Apartments for Rent in New York, NY with pricing that ranges from $735 to $100,000. There are also 4684 Single Family Homes for rent, Condos, and Townhome rentals currently available in New York ranging from $900 to $100,000.

What is the current price range for Rental Homes in New York?

Today's rental pricing for Homes for Rent, Condos and Townhomes in New York ranges from $900 to $100,000 with an average monthly rent of $7,910.

How much are larger Three and Four Bedroom Rentals in New York?

For those who are looking for larger living arrangements, Three Bedroom Apartments in New York range from $975 to $100,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,795 to $100,000. Four Bedroom Single-Family rentals are also available starting from $2,299 and Four Bedroom Apartments start at $960.

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.

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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.

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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.

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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.

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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.