Cheap Homes for Rent in Prospect Heights Neighborhood of Brooklyn, NY from $1,200 (53 Rentals)

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Search the lowest-cost Homes available for rent right now in the Prospect Heights area of Brooklyn.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Unofficial NYC Playbook: An Insider's Guide to Where to Eat, Roam, and Find Your Home in the City That Never Sleeps

Moving to NYC? Go beyond the landmarks. Our local expert shares an insider's guide to New York City's neighborhoods, finding your rhythm, and making the city feel like home.

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Prospect Heights, Brooklyn, NY Local Guide

Cheapest Available Prospect Heights Apartments for Rent

 

The cheapest available apartment rental in the Prospect Heights area of New York, NY is a Studio unit found at 28 Spencer Place priced from $2,940. 1134 Fulton Street has the second lowest priced unit, which is a Studio apartment currently listed from $2,995. Here are the most affordable Prospect Heights apartments for rent in New York, NY:

Apartment ListingModel NameBed/BathPriced From
28 Spencer PlacestudioStudio,1BA$2,940
1134 Fulton StreetK Line 0 Bed 1 BathStudio,1BA$2,995
409 Eastern Pkwy1 Bedroom / 1 Bathroom1BR,1BA$3,899
Atlantic BK1 Bedroom 1 Bath1BR,1BA$4,015
461 DeanA21BR,1BA$4,070

Best Value Apartments for Rent in Prospect Heights, NY

As of May 08, 2026 the best value apartment in the Prospect Heights area is the $4.67 price per square foot Studio / 1 Bathroom Model at 121 8th Ave. in the in the Prospect Heights neighborhood starting from $6,767. The second greatest value Prospect Heights apartment is the 585 Franklin Ave Model at 585 Franklin Ave, Unit 2 starting at $4,799 with a $4.00 price per square foot in the Prospect Heights neighborhood. Here is today’s list of the best values for Prospect Heights apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
121 8th Ave.Studio / 1 BathroomStudio ,1BA$4.67
585 Franklin Ave, Unit 2585 Franklin Ave4BR,2BA$4.00
409 Eastern Pkwy2 Bedroom / 2 Bathroom2BR,2BA$5.56
421 Franklin Ave, Unit 3421 Franklin Ave2BR,1BA$4.12
53 6th Ave, Unit 353 6th Ave2BR,1BA$4.06
1012 Fulton St, Unit 3F1012 Fulton St2BR,1BA$4.20
Atlantic BK1 Bedroom 1 Bath1BR,1BA$5.47
461 DeanA61BR,1BA$7.25
575 Classon Ave, Unit 2575 Classon AveStudio ,1BA$4.40
28 Spencer PlaceOne Beds1BR,1BA$6.84

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Prospect Heights, Brooklyn, NY

Ranked #11

Among cities in New York for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Prospect Heights

What type of rentals are currently available in Prospect Heights?

There are currently 1448 Apartments for Rent in Prospect Heights, NY with pricing that ranges from $2,200 to $8,320. There are also 83 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Heights ranging from $1,200 to $6,500.

What is the current price range for Rental Homes in Prospect Heights?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Prospect Heights ranges from $1,200 to $6,500 with an average monthly rent of $1,732.

How much are larger Three and Four Bedroom Rentals in Prospect Heights?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Prospect Heights range from $5,203 to $5,203, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,510 to $6,500. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $4,799.

Expert Rental Resources

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.

Helpful Local Expert Guides

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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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Top Student Friendly Neighborhoods to Rent Near Colleges in NYC

Written by: Joshua Carlucci

New York City is more than just a destination—it’s a way of life, especially for students eager to dive into a melting pot of cultures, endless activities, and academic prestige.

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The Local NYC Experts Guide to the Perfect Neighborhoods Near Top Employers

Written by: Joshua Carlucci

New York has a funny way of making your commute part of your identity.

decorative image for The Unofficial NYC Playbook: An Insiders Guide to Where to Eat, Roam, and Find Your Home in the City That Never Sleeps article

The Unofficial NYC Playbook: An Insiders Guide to Where to Eat, Roam, and Find Your Home in the City That Never Sleeps

Written by: Joshua Carlucci

Every block of New York City feels like a stage set for daily life.

Articles, How-To's, and Tips

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.