Cheap Apartments for Rent in the Prospect Park Neighborhood of Brooklyn, NY from $600 (358 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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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 $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 ListingModel NameBed/BathPriced From
Ventnor Flatz2 Bedroom/1 Bath2BR,1BA$850
The LoisStudio / 1 BathroomStudio,1BA$2,713
28 Spencer PlacestudioStudio,1BA$2,940
Baltic HouseStudio - balconyStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
870 Prospect Pl, Unit Apt.2870 Prospect Pl2BR,1BA$1.67
515 Park Pl, Unit 2a515 Park Pl4BR,1BA$3.00
397 Herkimer St, Unit 2397 Herkimer St4BR,2BA$3.50
1168 63rd St, Unit 1A1168 63rd St2BR,1.5BA$3.50
138 9th St, Unit Two bedroom apartment138 9th St2BR,1BA$2.44
Ventnor Flatz2 Bedroom/1 Bath2BR,1BA$1.00
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
909 41st St, Unit 1f909 41st St1BR,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.

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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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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.

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