
Cheap Apartments for Rent in the Prospect Park Neighborhood of Brooklyn, NY from $600 (358 Rentals)
Search the lowest-cost Apartments available for rent right now in the Prospect Park area of Brooklyn.


HUGE Room, 3 blocks to Prospect Park, HDTV #471, Unit 3FL

Furnished room/NOT APARTMENT, Unit 3FL

Furnished room/NOT APARTMENT, Unit 19

Cute Private ROOM in Flatbush, Unit 4

Cute Private ROOM in Flatbush, Unit 2

Cute Private ROOM in Flatbush, Unit 3

Room in Shared 4 bed/2 bath home, Unit B

Furnished room/NOT APARTMENT, Unit 2B

Room in Shared 4 bed/2 bath home, Unit B
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.

Modern ROOM at The Kensington House, Unit 1

Exquisite ROOM at The Kensington House, Unit 1

Tranquil ROOM at The Kensington House, Unit 1

Furnished room/NOT APARTMENT, Unit 2

Room in Shared 5 bed/2 bath home, Unit D

Room in Shared 3 bed/1 bath home, Unit C

Great Private ROOM in Kensington, Unit 4

Great Private ROOM in Kensington, Unit 3

Tranquil ROOM at The Kensington House, Unit 2

Spacious ROOM at The Kensington House, Unit 3
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.

Great Private ROOM in Kensington, Unit 1

Great Private ROOM in Kensington, Unit 2

Modern ROOM at The Kensington House, Unit 2

Spacious ROOM at The Kensington House, Unit 1

Exquisite ROOM at The Kensington House, Unit 2

Cute Private ROOM in Flatbush, Unit 1

Furnished room/NOT APARTMENT, Unit 3

Room in Shared 5 bed/2.5 bath home, Unit E

325 Putnam Ave, Unit 2L

Furnished room/NOT APARTMENT, Unit 4PH
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.

Room in Shared 5 bed/2 bath home, Unit B

Room in Shared 4 bed/2 bath home, Unit B

Furnished room/NOT APARTMENT, Unit 4

Vibrant ROOM at The Owens House, Unit 6

Adorable ROOM at The Owens House, Unit 6

Chic ROOM at The Owens House, Unit 6

Chic ROOM at The Owens House, Unit 1

Trendy ROOM at The Owens House, Unit 1

Trendy ROOM at The Owens House, Unit 2

Vibrant ROOM at The Owens House, Unit 1
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.

Room in Shared 4 bed/1 bath home, Unit D

New ROOM at The Owens House, Unit 1

Harmonious ROOM at The Owens House, Unit 2

Adorable ROOM at The Owens House, Unit 1

Adorable ROOM at The Owens House, Unit 3

Vibrant ROOM at The Owens House, Unit 2

Modern ROOM at The Owens House, Unit 2

Stylish Private ROOM in Kensington, Unit 1

Welcoming ROOM at The Owens House, Unit 2

Harmonious ROOM at The Owens House, Unit 3
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.
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 | $3,874 | $2,000 | $8,330 |
| Prospect Park 1 Bedroom Apartments | $4,120 | $1,425 | $10,000+ |
| Prospect Park 2 Bedroom Apartments | $4,333 | $2,200 | $10,000+ |
| Prospect Park 3 Bedroom Apartments | $4,679 | $3,200 | $8,940 |
| Prospect Park 4 Bedroom Apartments | $4,691 | $1,400 | $9,500 |
Browse Apartments in this Neighborhood
There are currently 358 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 $850. The Lois has the second lowest priced unit, which is a Studio apartment currently listed from $2,713. 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 | $850 |
| The Lois | Studio / 1 Bathroom | Studio,1BA | $2,713 |
| 28 Spencer Place | studio | Studio,1BA | $2,940 |
| Baltic House | Studio - balcony | Studio,1BA | $3,085 |
Best Value Apartments for Rent in Prospect Park, NY
As of May 19, 2026 the best value apartment in the Prospect Park area is the $1.67 price per square foot 870 Prospect Pl Model at 870 Prospect Pl, Unit Apt.2 in the in the Wingate neighborhood starting from $3,500. The second greatest value Prospect Park apartment is the 515 Park Pl Model at 515 Park Pl, Unit 2a starting at $4,500 with a $3.00 price per square foot in the Prospect Heights 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. |
|---|---|---|---|
| 870 Prospect Pl, Unit Apt.2 | 870 Prospect Pl | 2BR,1BA | $1.67 |
| 515 Park Pl, Unit 2a | 515 Park Pl | 4BR,1BA | $3.00 |
| 397 Herkimer St, Unit 2 | 397 Herkimer St | 4BR,2BA | $3.50 |
| 1168 63rd St, Unit 1A | 1168 63rd St | 2BR,1.5BA | $3.50 |
| 138 9th St, Unit Two bedroom apartment | 138 9th St | 2BR,1BA | $2.44 |
| Ventnor Flatz | 2 Bedroom/1 Bath | 2BR,1BA | $1.00 |
| 160 Parkside Ave | 1 Bedroom / 1 Bathroom | 1BR,1BA | $3.94 |
| 665 Rutland Rd, Unit 3 | 665 Rutland Rd | 2BR,1BA | $3.86 |
| 163 Linden Blvd, Unit 3 | 163 Linden Blvd | 1BR,1BA | $3.85 |
| 909 41st St, Unit 1f | 909 41st St | 1BR,1BA | $2.92 |
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.
Read ArticleReal 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.
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.
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 $2,713.
How much is rent for a Cheap One Bedroom Prospect Park Apartment?
The lowest price for a Cheap One Bedroom Prospect Park Apartment is $3,150 at 160 Parkside Ave.
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 $850 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
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.

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.

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

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.

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.

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.

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.