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Cheap Apartments for Rent in the Roosevelt Island Neighborhood of New York, NY from $500 (36 Rentals)
Search the lowest-cost Apartments available for rent right now in the Roosevelt Island area of New York.
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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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Showing Results 1-36, Page 1 of 1
Roosevelt Island, New York, NY Local Guide
How much does it cost to rent an apartment in Roosevelt Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Roosevelt Island Studio Apartments | $3,559 | $2,220 | $6,600 |
| Roosevelt Island 1 Bedroom Apartments | $4,627 | $2,772 | $9,750 |
| Roosevelt Island 2 Bedroom Apartments | $5,691 | $3,091 | $10,000+ |
| Roosevelt Island 3 Bedroom Apartments | $7,646 | $6,509 | $9,990 |
| Roosevelt Island 4 Bedroom Apartments | $18,360 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 36 rentals with your search options within a 2 mile radius of the Roosevelt Island Neighborhood of New York, NY.
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Roosevelt Island, New York, NY Local Guide
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Cheapest Available Roosevelt Island Apartments for Rent
The cheapest available apartment rental in the Roosevelt Island area of New York, NY is a Studio unit found at 2-21 Malt Drive Apartments priced from $2,490. Halletts Point has the second lowest priced unit, which is a Studio apartment currently listed from $2,761. Here are the most affordable Roosevelt Island apartments for rent in New York, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 2-21 Malt Drive Apartments | Lottery Studio | Studio,1BA | $2,490 |
| Halletts Point | 10 HLP - Studio/1 Bath | Studio,1BA | $2,761 |
| The Reserve | 2 Bed 1 Bath F | 2BR,1BA | $3,091 |
| The Octagon | S3 | Studio,1BA | $3,094 |
| Riverwalk Point | Studio / 1 Bathroom | Studio,1BA | $3,270 |
| 27 on 27th | Studio - F Line with Terrace | Studio,1BA | $3,271 |
| The Bold | S02 | Studio,1BA | $3,287 |
Best Value Apartments for Rent in Roosevelt Island, NY
As of March 23, 2025 the best value apartment in the Roosevelt Island area is the $4.94 price per square foot Belon Model at The Oyster in the in the Upper East Side neighborhood starting from $6,000. The second greatest value Roosevelt Island apartment is the 1406 2nd Ave Model at 1406 2nd Ave, Unit 3A starting at $3,850 with a $5.07 price per square foot in the Upper East Side neighborhood. Here is today’s list of the best values for Roosevelt Island apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Oyster | Belon | 2BR,2BA | $4.94 |
| 1406 2nd Ave, Unit 3A | 1406 2nd Ave | 2BR,1BA | $5.07 |
| Tower 28 | 17-45 J | 1BR,1BA | $5.80 |
| The Reserve | 2 Bed 1 Bath I | 2BR,1BA | $6.63 |
| 42-22 27th St | 42-22 27th St | 1BR,1BA | $6.65 |
| Riverwalk Crossing | Studio / 1 Bathroom | Studio ,1BA | $6.28 |
| The Octagon | S3 | Studio ,1BA | $6.19 |
| 345 E 61st St, Unit 2C | 345 E 61st St | Studio ,1BA | $4.44 |
| 2-21 Malt Drive Apartments | Lottery Studio | Studio ,1BA | $4.98 |
| 27 on 27th | Studio - F Line with Terrace | Studio ,1BA | $6.66 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleRoosevelt Island, New York, NY
Ranked #71
Among neighborhoods in New York, NY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Roosevelt Island, New York, NY
School data provided by Great Schools
Best Local Schools in Roosevelt Island, New York, NY
School data provided by Great Schools
Frequently Asked Questions about Cheap Roosevelt Island Apartments
What is a cheap apartment in Roosevelt Island?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Roosevelt Island is under $3,287.
What is the price of a cheap apartment in Roosevelt Island?
The cheapest apartment in Roosevelt Island is 2-21 Malt Drive Apartments which is listed at $2,890, while the average apartment in Roosevelt Island costs $18,360.
What types of apartments are the cheapest in Roosevelt Island?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 79 regular apartments in Roosevelt Island that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Roosevelt Island?
Cheap apartments in Roosevelt Island have an average cost of $1,939 which is $16,421 cheaper than the average rent for all rentals in Roosevelt Island.
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.
What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.
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.