Cheap Apartments for Rent in the Lower East Side Neighborhood of New York, NY from $1,300 (94 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lower East Side area of New York.

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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111 Mott St
1 Bedroom Apartments

111 Mott St

111 Mott StNew York, NY 10013
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116-120 Mott St
Studio to 1 Bedroom Apartments

116-120 Mott St

116-120 Mott StNew York, NY 10013
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166 Suffolk St
Studio Apartments

166 Suffolk St

166 Suffolk StNew York, NY 10002
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314 E 6th St
Studio Apartments

314 E 6th St

314 E 6th StNew York, NY 10003
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136 Orchard St
1 Bedroom Apartments

136 Orchard St

136 Orchard StNew York, NY 10002
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153 Avenue C
1 Bedroom Apartments

153 Avenue C

153 Avenue CNew York, NY 10009
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111 Mulberry St
Studio to 1 Bedroom Apartments

111 Mulberry St

111 Mulberry StNew York, NY 10013
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Showing Results 1-50, Page 1 of 2

Lower East Side, New York, NY Local Guide

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 ListingModel NameBed/BathPriced From
133 W Third StPrivate Bedroom1BR,$2,500
518 East 5th Street518 EAST 5TH STREET - 2 ROOM STUDIO / 1 BATHStudio,1BA$2,550
514 East 5th Street514 EAST 5TH STREET - 2 ROOM STUDIO / 1 BATHStudio,1BA$2,630
516 East 5th Street516 EAST 5TH STREET - 2 ROOM STUDIO / 1 BATHStudio,1BA$2,630
112 East 7th Street112 EAST 7TH STREET - LOFT STUDIO / 1 BATHStudio,1BA$2,660
620 East 11th Street620 EAST 11TH STREET - 2 ROOM STUDIO / 1 BATHStudio,1BA$2,750
32 East 7th Street32 EAST 7TH STREET - 1 BR / 1 BATH1BR,1BA$2,900
34 East 7th Street34 EAST 7TH STREET - 2 BR / 1 BATH2BR,1BA$2,950
221 2nd AvenueStudioStudio,1BA$3,000
197 E 4th St1 bed/ 1bath1BR,1BA$3,300

Best Value Apartments for Rent in Lower East Side, NY

As of April 10, 2025 the best value apartment in the Lower East Side area is the $6.11 price per square foot 266 E 7th St Model at 266 E 7th St, Unit 4F in the in the Gramercy-Flatiron neighborhood starting from $5,500. The second greatest value Lower East Side apartment is the 3 Bed/1.5 Bath Model at 197 E 4th St starting at $5,900 with a $6.56 price per square foot in the Gramercy-Flatiron neighborhood. Here is today’s list of the best values for Lower East Side apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
266 E 7th St, Unit 4F266 E 7th St2BR,2BA$6.11
197 E 4th St3 Bed/1.5 Bath3BR,1.5BA$6.56
Avalon Bowery PlaceA8-209-609-747sq1BR,1BA$8.72
50 N 5thApt BE & BW1BR,1BA$8.81
250 E Houston1 Bedroom / 1 Bathroom1BR,1BA$8.42
249 Eldridge St2 Beds, 1 bath2BR,1BA$9.15
32 East 7th Street32 EAST 7TH STREET - 1 BR / 1 BATH1BR,1BA$4.46
221 2nd Avenue1 Bed1BR,1BA$6.70
The ChrystieMarket Studio + AlcoveStudio ,1BA$8.26
277 Mott St, Unit 1R277 Mott St1BR,1BA$9.04

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Pet Friendly Lifestyle
Lower East Side, New York, NY

Ranked #103

Among neighborhoods in New York, NY for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Lower East Side, New York, NY

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 $2,950 at 34 East 7th Street.

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.

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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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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.

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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.