Cheap Homes for Rent in Lower Manhattan Neighborhood of New York, NY from $2,700 (40 Rentals)

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Search the lowest-cost Homes 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

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property at 306 Mott St

306 Mott St

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property at 202 Mott St

202 Mott St

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property at 202 Mott St

202 Mott St

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property at 199 Bowery

199 Bowery

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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 Studio unit found at 315 E 58th St priced from $2,850. 221 2nd Avenue has the second lowest priced unit, which is a Studio apartment currently listed from $3,000. Here are the most affordable Lower Manhattan apartments for rent in New York, NY:

Apartment ListingModel NameBed/BathPriced From
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
11 Stanton Street2 Bedroom / 1 Bathroom2BR,1BA$3,699
The ChrystieMarket StudioStudio,1BA$4,385
230 Sullivan StStudio / 1 BathroomStudio,1BA$4,500
Avalon Bowery PlaceA8-209-609-747sq1BR,1BA$6,509

Best Value Apartments for Rent in Lower Manhattan, NY

As of April 16, 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
Avalon Bowery PlaceA8-209-609-747sq1BR,1BA$8.71
221 2nd Avenue1 Bed1BR,1BA$6.70
277 Mott St, Unit 1R277 Mott St1BR,1BA$9.04
230 Sullivan St2 Bedroom / 1 Bathroom2BR,1BA$20.31
35 E 7th StStudioStudio ,1BA$17.00

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Frequently Asked Questions about Lower Manhattan

What type of rentals are currently available in Lower Manhattan?

There are currently 1128 Apartments for Rent in Lower Manhattan, NY with pricing that ranges from $1,500 to $26,850. There are also 109 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lower Manhattan ranging from $2,750 to $39,500.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lower Manhattan ranges from $2,750 to $39,500 with an average monthly rent of $10,197.

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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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.

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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.