Cheap Homes for Rent in New York, NY from $400 (446 Rentals)

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property at 8 Cook St

8 Cook St

BrooklynNY11206

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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.

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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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Showing Results 1-50, Page 1 of 9

New York, NY Local Guide

Cheapest Neighborhoods for Apartments in New York, NY

Pricing Updated: 05/04/2025

Current apartment rentals in the New York, NY area range in price from $600 to $100,000 with an overall median price of $5,577. The three New York neighborhoods with the lowest median rent pricing are Woodrow at $1,700, West Farms at $2,100, and Arden Heights at $1,700. 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
Arden Heights$2,500$1,7002
Concord$2,500$2,5001
Mapleton$2,700$2,0002
Neponsit & Belle$2,725$2,2501
North New York$2,890$1,6006
Elm Park$2,913$2,8002
Claremont$2,950$2,4843
Manhattan Beach$2,950$2,9501

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. Park Lane at Sea View in the Westerleigh neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,120. 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
Park Lane at Sea ViewStudioStudio,1BA$1,120
Senior Horizon1 Bedroom 1 Bathroom1BR,1BA$1,141
Heritage EstatesStudio1BR,1BA$1,175
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 May 05, 2025 the best value apartment in the New York area is the $0.27 price per square foot 408 Niles St Model at 408 Niles St, Unit Apt 2 in the in the Peterstown neighborhood starting from $2,700. The second greatest value New York apartment is the 748 Pennington St Model at 748 Pennington St, Unit 1 starting at $2,200 with a $0.22 price per square foot in the Elmora 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.
408 Niles St, Unit Apt 2408 Niles St3BR,2BA$0.27
748 Pennington St, Unit 1748 Pennington St2BR,1BA$0.22
16 Delaware St, Unit 16 delaware st16 Delaware St3BR,1BA$0.23
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
956 William St956 William St3BR,1BA$1.18
397 Chadwick Ave, Unit 1397 Chadwick Ave2BR,1BA$1.20
86 Hawthorne Ave, Unit 86 Hawthorne Ave, Newark,86 Hawthorne Ave3BR,1BA$1.33
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 75480 Apartments for Rent in New York, NY with pricing that ranges from $600 to $100,000. There are also 4684 Single Family Homes for rent, Condos, and Townhome rentals currently available in New York ranging from $420 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 $420 to $100,000 with an average monthly rent of $8,925.

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 $1,050 to $100,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $420 to $100,000. Four Bedroom Single-Family rentals are also available starting from $1,900 and Four Bedroom Apartments start at $1,060.

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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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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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.