Cheap Apartments for Rent in the Prospect Park Neighborhood of Brooklyn, NY from $600 (154 Rentals)

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

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property at 600 Park Pl

600 Park Pl

BrooklynNY11238

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The Garnet
Studio to 2 Bedroom Apartments

The Garnet

1620 Fulton StBrooklyn, NY 11213
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Ventnor Flatz
2 Bedroom Apartments

Ventnor Flatz

1115 Dorchester RdBrooklyn, NY 11218
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12 Agate Ct
1 to 2 Bedroom Apartments

12 Agate Ct

12 Agate CtBrooklyn, NY 11213
Furnished
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Knox Place
1 Bedroom Apartments

Knox Place

597 Grand AveBrooklyn, NY 11238
  • Utilities Included

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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 2 Beds unit found at Ventnor Flatz priced from $800. 1166 Saint Johns Place has the second lowest priced unit, which is a Studio apartment currently listed from $2,400. Here are the most affordable Prospect Park apartments for rent in New York, NY:

Apartment ListingModel NameBed/BathPriced From
Ventnor Flatz2 Bedroom/1 Bath2BR,1BA$800
1166 Saint Johns PlaceStudio, 1 BathStudio,1BA$2,400
1134 Fulton StreetM Line 0 Bed 1 BathStudio,1BA$2,664

Best Value Apartments for Rent in Prospect Park, NY

As of August 14, 2025 the best value apartment in the Prospect Park area is the $0.80 price per square foot 2522 Bedford Ave Model at 2522 Bedford Ave, Unit 2C in the in the Prospect Park neighborhood starting from $1,200. The second greatest value Prospect Park apartment is the 870 Prospect Pl Model at 870 Prospect Pl, Unit 2 starting at $3,500 with a $2.80 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.
2522 Bedford Ave, Unit 2C2522 Bedford Ave3BR,1BA$0.80
870 Prospect Pl, Unit 2870 Prospect Pl2BR,1BA$2.80
585 Franklin Ave, Unit 2585 Franklin Ave4BR,2BA$3.75
397 Herkimer St, Unit 2397 Herkimer St4BR,2BA$3.50
138 9th St, Unit Roommate138 9th St1BR,1BA$1.17
354 Butler St, Unit Studio354 Butler StStudio ,1BA$2.11
38 6th Ave2 Bed 1 Bath2BR,1BA$3.81
665 Rutland Rd, Unit 3665 Rutland Rd2BR,1BA$3.61
624 Park Pl, Unit 1L624 Park Pl2BR,1BA$3.13
19 Revere Pl, Unit 1 Bedrm Available19 Revere Pl1BR,1BA$3.71

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Prospect Park, Brooklyn, NY

Ranked #96

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 a cheap apartment in Prospect Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Prospect Park is under $2,664.

What is the price of a cheap apartment in Prospect Park?

The cheapest apartment in Prospect Park is 134 Erasmus St which is listed at $2,800, while the average apartment in Prospect Park costs $4,000.

What types of apartments are the cheapest in Prospect Park?

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 14 regular apartments in Prospect Park 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 Prospect Park?

Cheap apartments in Prospect Park have an average cost of $231 which is $3,769 cheaper than the average rent for all rentals in Prospect Park.

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.

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The 10 Best Affordable Neighborhoods for Renting in New York City

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.