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Cheap Apartments for Rent in the Prospect Park Neighborhood of Brooklyn, NY from $600 (128 Rentals)
Search the lowest-cost Apartments available for rent right now in the Prospect Park area of Brooklyn.
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743 Union St
BrooklynNY11217
415 Argyle Rd
BrooklynNY11218
811 Cortelyou Rd
BrooklynNY11218
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$1,9001 Bedroom Apartment Available Now
354 Butler St, Unit Furnished studio apt
354 Butler StBrooklyn, NY 11217
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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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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 Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Prospect Park, Brooklyn, NY Local Guide
How much does it cost to rent an apartment in Prospect Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prospect Park Studio Apartments | $4,452 | $2,000 | $10,000+ |
| Prospect Park 1 Bedroom Apartments | $3,371 | $1,050 | $8,160 |
| Prospect Park 2 Bedroom Apartments | $4,492 | $2,400 | $10,000+ |
| Prospect Park 3 Bedroom Apartments | $5,315 | $2,800 | $10,000+ |
| Prospect Park 4 Bedroom Apartments | $4,621 | $3,599 | $6,985 |
| Prospect Park 5 Bedroom Apartments | $11,166 | $5,500 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 128 rentals with your search options within a 1 mile radius of the Prospect Park Neighborhood of Brooklyn, NY.
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Prospect Park, Brooklyn, NY Local Guide
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Cheapest Available Prospect Park Apartments for Rent
The cheapest available apartment rental in the Prospect Park area of New York, NY is a 2 Beds unit found at Ventnor Flatz priced from $750. 1259 LINCOLN PLACE has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,600. Here are the most affordable Prospect Park apartments for rent in New York, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ventnor Flatz | 2 Bedroom/1 Bath | 2BR,1BA | $750 |
| 1259 LINCOLN PLACE | 1 BR, 1 Bath | 1BR,1BA | $2,600 |
| The Lois | Studio / 1 Bathroom | Studio,1BA | $2,741 |
Best Value Apartments for Rent in Prospect Park, NY
As of January 03, 2026 the best value apartment in the Prospect Park area is the $0.97 price per square foot 133 23rd St Model at 133 23rd St, Unit 3F in the in the Bush Terminal neighborhood starting from $2,915. The second greatest value Prospect Park apartment is the 4119 13th Ave Model at 4119 13th Ave, Unit 4119 starting at $3,200 with a $2.13 price per square foot in the Borough Park neighborhood. Here is today’s list of the best values for Prospect Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 133 23rd St, Unit 3F | 133 23rd St | 2BR,2BA | $0.97 |
| 4119 13th Ave, Unit 4119 | 4119 13th Ave | 3BR,1BA | $2.13 |
| 2408 Beverley Rd, Unit #2 | 2408 Beverley Rd | 4BR,2BA | $2.77 |
| 676 E 5th St, Unit 1 | 676 E 5th St | 4BR,1.5BA | $3.00 |
| 870 Prospect Pl, Unit 2 | 870 Prospect Pl | 2BR,1BA | $2.92 |
| 323 Avenue C, Unit 3rd FL | 323 Avenue C | 3BR,2BA | $3.40 |
| 354 Butler St, Unit Furnished studio apt | 354 Butler St | 1BR,1BA | $2.11 |
| 138 9th St, Unit Roommate | 138 9th St | 1BR,1BA | $1.17 |
| 426 Foster Ave, Unit #2A | 426 Foster Ave | 2BR,1BA | $2.67 |
| Ventnor Flatz | 2 Bedroom/1 Bath | 2BR,1BA | $0.88 |
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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick 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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Best Local Schools in Prospect Park, Brooklyn, NY
School data provided by Great Schools
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 The Lois listed at $2,741.
How much is rent for a Cheap One Bedroom Prospect Park Apartment?
The lowest price for a Cheap One Bedroom Prospect Park Apartment is $2,600 at 1259 LINCOLN PLACE.
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 $750 at Ventnor Flatz.
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 $3,428.
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
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.
Top Student Friendly Neighborhoods to Rent Near Colleges in NYC
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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.
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.
Articles, How-To's, and Tips
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!