Cheap Apartments for Rent in the Prospect Park Neighborhood of Brooklyn, NY from $600 (336 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Prospect Park 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.

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.

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.

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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Prospect Park, Brooklyn, NY Local Guide

Cheapest Available Prospect Park Apartments for Rent

 

The cheapest available apartment rental in the Prospect Park area of New York, NY is a 1 Bed unit found at 1134 Fulton Street priced from $2,227. 160 Parkside Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $3,150. Here are the most affordable Prospect Park apartments for rent in New York, NY:

Apartment ListingModel NameBed/BathPriced From
1134 Fulton StreetQ Line 1 Bed 1 Bath1BR,1BA$2,227
160 Parkside Ave1 Bedroom / 1 Bathroom1BR,1BA$3,150
WestmarkStudioStudio,1BA$3,231

Best Value Apartments for Rent in Prospect Park, NY

As of July 03, 2026 the best value apartment in the Prospect Park area is the $1.57 price per square foot 870 Prospect Pl Model at 870 Prospect Pl, Unit Apt.2 in the in the Wingate neighborhood starting from $3,300. The second greatest value Prospect Park apartment is the 17 Ludlam Pl Model at 17 Ludlam Pl, Unit 2 starting at $3,100 with a $2.38 price per square foot in the Wingate neighborhood. Here is today’s list of the best values for Prospect Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
870 Prospect Pl, Unit Apt.2870 Prospect Pl2BR,1BA$1.57
17 Ludlam Pl, Unit 217 Ludlam Pl3BR,1BA$2.38
269 Kingston Ave, Unit 269269 Kingston Ave3BR,1BA$2.29
397 Herkimer St, Unit 2397 Herkimer St4BR,2BA$3.82
317 Winthrop St317 Winthrop St3BR,2BA$3.91
138 9th St, Unit Two bedroom apartment138 9th St2BR,1BA$2.44
546 Monroe St, Unit 1 bed, 1.5 bath Brooklyn Apartment546 Monroe St1BR,1.5BA$3.50
160 Parkside Ave1 Bedroom / 1 Bathroom1BR,1BA$3.94
665 Rutland Rd, Unit 3665 Rutland Rd2BR,1BA$3.86
163 Linden Blvd, Unit 3163 Linden Blvd1BR,1BA$3.85

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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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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Frequently Asked Questions about Cheap Prospect Park Apartments

What is the Cheapest Studio apartment in Prospect Park?

Currently the most affordable Cheap Studio Apartment in Prospect Park is at 1134 Fulton Street listed at $2,750.

How much is rent for a Cheap One Bedroom Prospect Park Apartment?

The lowest price for a Cheap One Bedroom Prospect Park Apartment is $2,227 at 1134 Fulton Street.

What is the lowest price for a Cheap Two Bedroom Prospect Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Prospect Park is starting from $3,500 at 815-823 Flatbush Ave.

What is the most affordable Prospect Park Three Bedroom Apartment?

The best deal on a cheap Prospect Park Three Bedroom Apartment rental is at 1134 Fulton Street and starts from $3,975.

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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Articles, How-To's, and Tips

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.