113 Eldridge St
New YorkNY10002
Cheap Apartments for Rent in the Lower East Side Neighborhood of New York, NY from $1,500 (63 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lower East Side area of New York.
47 Delancey St
New YorkNY10002
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from $2,500Studio to 2 Bedroom Apartments Available Now
133 W Third St
133 W Third StNew York, NY 10012
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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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Lower East Side, New York, NY Local Guide
How much does it cost to rent an apartment in Lower East Side?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lower East Side Studio Apartments | $4,013 | $2,700 | $6,540 |
| Lower East Side 1 Bedroom Apartments | $4,989 | $2,000 | $10,000+ |
| Lower East Side 2 Bedroom Apartments | $5,925 | $3,500 | $10,000+ |
| Lower East Side 3 Bedroom Apartments | $11,803 | $4,600 | $10,000+ |
| Lower East Side 4 Bedroom Apartments | $19,533 | $4,750 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 63 rentals with your search options within a 2 mile radius of the Lower East Side Neighborhood of New York, NY.
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Lower East Side, New York, NY Local Guide
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Cheapest Available Lower East Side Apartments for Rent
The cheapest available apartment rental in the Lower East Side area of New York, NY is a 1 Bed unit found at 133 W Third St priced from $2,500. 518 East 5th Street has the second lowest priced unit, which is a Studio apartment currently listed from $2,550. Here are the most affordable Lower East Side apartments for rent in New York, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 133 W Third St | Private Bedroom | 1BR, | $2,500 |
| 518 East 5th Street | 518 EAST 5TH STREET - 2 ROOM STUDIO / 1 BATH | Studio,1BA | $2,550 |
| 516 East 5th Street | 516 EAST 5TH STREET - 2 ROOM STUDIO / 1 BATH | Studio,1BA | $2,630 |
| 514 East 5th Street | 514 EAST 5TH STREET - 2 ROOM STUDIO / 1 BATH | Studio,1BA | $2,630 |
| 112 East 7th Street | 112 EAST 7TH STREET - LOFT STUDIO / 1 BATH | Studio,1BA | $2,660 |
| 620 East 11th Street | 620 EAST 11TH STREET - 2 ROOM STUDIO / 1 BATH | Studio,1BA | $2,750 |
| 512 East 5th Street | 512 EAST 5TH STREET - 2 ROOM STUDIO / 1 BATH | Studio,1BA | $2,800 |
| 25 Clinton Street | 25 CLINTON STREET - STUDIO / 1 BATH | Studio,1BA | $2,825 |
| 221 2nd Avenue | Studio | Studio,1BA | $2,850 |
| 32 East 7th Street | 32 EAST 7TH STREET - 1 BR / 1 BATH | 1BR,1BA | $2,900 |
Best Value Apartments for Rent in Lower East Side, NY
As of March 30, 2025 the best value apartment in the Lower East Side area is the $3.88 price per square foot 270 E 7th St Model at 270 E 7th St, Unit Duplex in the in the Gramercy-Flatiron neighborhood starting from $6,990. The second greatest value Lower East Side apartment is the 517 Grand St Model at 517 Grand St, Unit 1st Floor Duplex starting at $4,750 with a $3.39 price per square foot in the Downtown neighborhood. Here is today’s list of the best values for Lower East Side apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 270 E 7th St, Unit Duplex | 270 E 7th St | 4BR,2BA | $3.88 |
| 517 Grand St, Unit 1st Floor Duplex | 517 Grand St | 4BR,2BA | $3.39 |
| 197 E 4th St | 3 Bed/1.5 Bath | 3BR,1.5BA | $6.56 |
| 266 E 7th St, Unit 4F | 266 E 7th St | 2BR,2BA | $6.11 |
| Avalon Bowery Place | A8-209-609-747sq | 1BR,1BA | $8.72 |
| 50 N 5th | Apt ME & MW | 1BR,1BA | $8.68 |
| 32 East 7th Street | 32 EAST 7TH STREET - 1 BR / 1 BATH | 1BR,1BA | $4.46 |
| 221 2nd Avenue | 1 Bed | 1BR,1BA | $6.70 |
| The Chrystie | Market Studio + Alcove | Studio ,1BA | $8.26 |
| 277 Mott St, Unit 1R | 277 Mott St | 1BR,1BA | $9.04 |
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Pet Friendly LifestyleLower East Side, New York, NY
Ranked #86
Among neighborhoods in New York, NY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Lower East Side, New York, NY
Ps 134 Henrietta Szold
New York City Geographic District 1 Manhattan
Public School - Grades PK-5 (177)
2 out of 10
School data provided by Great Schools
Best Local Schools in Lower East Side, New York, NY
Ps 134 Henrietta Szold
New York City Geographic District 1 Manhattan
Public School - Grades PK-5 (177)
2 out of 10
School data provided by Great Schools
Frequently Asked Questions about Cheap Lower East Side Apartments
What is the Cheapest Studio apartment in Lower East Side?
Currently the most affordable Cheap Studio Apartment in Lower East Side is at 518 East 5th Street listed at $2,550.
How much is rent for a Cheap One Bedroom Lower East Side Apartment?
The lowest price for a Cheap One Bedroom Lower East Side Apartment is $2,500 at 133 W Third St.
What is the lowest price for a Cheap Two Bedroom Lower East Side Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lower East Side is starting from $3,800 at 221 2nd Avenue.
What is the most affordable Lower East Side Three Bedroom Apartment?
The best deal on a cheap Lower East Side Three Bedroom Apartment rental is at 197 E 4th St and starts from $5,900.
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.