Cheap Apartments for Rent in the Lower Manhattan Neighborhood of New York, NY from $1,500 (35 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lower Manhattan 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

property at 47 Delancey St

47 Delancey St

New YorkNY10002
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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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111 Mulberry St
Studio to 1 Bedroom Apartments

111 Mulberry St

111 Mulberry StNew York, NY 10013
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67 Mott St
1 Bedroom Apartments

67 Mott St

67 Mott StNew York, NY 10013
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28 Allen St
Studio to 1 Bedroom Apartments

28 Allen St

28 Allen StNew York, NY 10002
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19 Orchard St
1 to 3 Bedroom Apartments

19 Orchard St

19 Orchard StNew York, NY 10002
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126 E Broadway
1 Bedroom Apartments

126 E Broadway

126 E BroadwayNew York, NY 10002
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28 Orchard St
Studio to 2 Bedroom Apartments

28 Orchard St

28 Orchard StNew York, NY 10002
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78-80 Mulberry St
1 Bedroom Apartments

78-80 Mulberry St

78-80 Mulberry StNew York, NY 10013
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99 Orchard St
Studio to 2 Bedroom Apartments

99 Orchard St

99 Orchard StNew York, NY 10002
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72 Forsyth St
1 to 2 Bedroom Apartments

72 Forsyth St

72 Forsyth StNew York, NY 10002
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31 east 1st
Studio Apartments

31 east 1st

31 E 1st StNew York, NY 10003
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167  Mott Street
Studio Apartments

167 Mott Street

167 Mott StNew York, NY 10013
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Lower Manhattan, New York, NY Local Guide

Cheapest Available Lower Manhattan Apartments for Rent

 

The cheapest available apartment rental in the Lower Manhattan area of New York, NY is a 1 Bed unit found at 133 W Third St priced from $2,500. 315 E 58th St has the second lowest priced unit, which is a Studio apartment currently listed from $2,850. Here are the most affordable Lower Manhattan apartments for rent in New York, NY:

Apartment ListingModel NameBed/BathPriced From
133 W Third StPrivate Bedroom1BR,$2,500
315 E 58th StStudioStudio,1BA$2,850
221 2nd AvenueStudioStudio,1BA$3,000
197 E 4th St1 bed/ 1bath1BR,1BA$3,300
35 E 7th StStudioStudio,1BA$3,400
230 Sullivan StStudio / 1 BathroomStudio,1BA$3,600
11 Stanton Street2 Bedroom / 1 Bathroom2BR,1BA$3,699
55-61 Delancey Street55-C Line 2 Bed 1 Bath2BR,1BA$3,950
249 Eldridge St1 Bed, 1 bath1BR,1BA$3,950

Best Value Apartments for Rent in Lower Manhattan, NY

As of April 10, 2025 the best value apartment in the Lower Manhattan area is the $6.56 price per square foot 3 Bed/1.5 Bath Model at 197 E 4th St in the in the Gramercy-Flatiron neighborhood starting from $5,900. The second greatest value Lower Manhattan apartment is the 1 Bedroom Model at 315 E 58th St starting at $3,750 with a $4.69 price per square foot in the Upper East Side neighborhood. Here is today’s list of the best values for Lower Manhattan apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
197 E 4th St3 Bed/1.5 Bath3BR,1.5BA$6.56
315 E 58th St1 Bedroom1BR,1BA$4.69
249 Eldridge St2 Beds, 1 bath2BR,1BA$9.15
221 2nd Avenue1 Bed1BR,1BA$6.70
The ChrystieMarket Studio + AlcoveStudio ,1BA$8.26
277 Mott St, Unit 1R277 Mott St1BR,1BA$9.04
55-61 Delancey Street55-C Line 2 Bed 1 Bath2BR,1BA$10.73
230 Sullivan St2 Bedroom / 1 Bathroom2BR,1BA$18.75
35 E 7th StStudioStudio ,1BA$17.00
133 W Third StStudioStudio ,1BA$18.37

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Pet Friendly Lifestyle
Lower Manhattan, New York, NY

Ranked #96

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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Frequently Asked Questions about Cheap Lower Manhattan Apartments

What is the Cheapest Studio apartment in Lower Manhattan?

Currently the most affordable Cheap Studio Apartment in Lower Manhattan is at 315 E 58th St listed at $2,850.

How much is rent for a Cheap One Bedroom Lower Manhattan Apartment?

The lowest price for a Cheap One Bedroom Lower Manhattan Apartment is $2,500 at 133 W Third St.

What is the lowest price for a Cheap Two Bedroom Lower Manhattan Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lower Manhattan is starting from $3,699 at 11 Stanton Street.

What is the most affordable Lower Manhattan Three Bedroom Apartment?

The best deal on a cheap Lower Manhattan Three Bedroom Apartment rental is at 315 E 58th St and starts from $5,000.

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.