Cheap Homes for Rent in Lower East Side Neighborhood of New York, NY from $2,300 (63 Rentals)

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Search the lowest-cost Homes 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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property at 306 Mott St

306 Mott St

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property at 619 E 5th St

619 E 5th St

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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 Studio unit found at 518 East 5th Street priced from $2,550. 514 East 5th Street has the second lowest priced unit, which is a Studio apartment currently listed from $2,630. Here are the most affordable Lower East Side apartments for rent in New York, NY:

Apartment ListingModel NameBed/BathPriced From
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$2,650
620 East 11th Street620 EAST 11TH STREET - 2 ROOM STUDIO / 1 BATHStudio,1BA$2,725
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$2,925
221 2nd AvenueStudioStudio,1BA$3,000
197 E 4th St1 bed/ 1bath1BR,1BA$3,300
35 E 7th StStudioStudio,1BA$3,400

Best Value Apartments for Rent in Lower East Side, NY

As of April 13, 2025 the best value apartment in the Lower East Side area is the $8.01 price per square foot Market 1 Bed/1 Bath + Den Model at The Chrystie in the in the Gramercy-Flatiron neighborhood starting from $7,495. The second greatest value Lower East Side apartment is the 266 E 7th St Model at 266 E 7th St, Unit 4F starting at $5,500 with a $6.11 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.
The ChrystieMarket 1 Bed/1 Bath + Den1BR,1BA$8.01
266 E 7th St, Unit 4F266 E 7th St2BR,2BA$6.11
197 E 4th St3 Bed/1.5 Bath3BR,1.5BA$6.56
249 E Houston St, Unit 1249 E Houston St1BR,1BA$7.50
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
32 East 7th Street32 EAST 7TH STREET - 1 BR / 1 BATH1BR,1BA$4.46
221 2nd Avenue1 Bed1BR,1BA$6.70
277 Mott St, Unit 1R277 Mott St1BR,1BA$9.04

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Frequently Asked Questions about Lower East Side

What type of rentals are currently available in Lower East Side?

There are currently 3093 Apartments for Rent in Lower East Side, NY with pricing that ranges from $1,450 to $31,490. There are also 212 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lower East Side ranging from $2,350 to $60,000.

What is the current price range for Rental Homes in Lower East Side?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lower East Side ranges from $2,350 to $60,000 with an average monthly rent of $8,280.

How much are larger Three and Four Bedroom Rentals in Lower East Side?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lower East Side range from $1,450 to $26,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $4,000 to $60,000. Four Bedroom Single-Family rentals are also available starting from $7,495 and Four Bedroom Apartments start at $7,200.

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.

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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.