Cheap Homes for Rent in Prospect Park Neighborhood of Brooklyn, NY from $1,000 (98 Rentals)

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

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 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.

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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.

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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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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 922 E 15th St priced from $1,750. PLG 123 Linden Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $2,156. Here are the most affordable Prospect Park apartments for rent in New York, NY:

Apartment ListingModel NameBed/BathPriced From
922 E 15th Stno apartment available2BR,1BA$1,750
PLG 123 Linden ApartmentsStudio / 1 BathroomStudio,1BA$2,156
160 Parkside Ave1 Bedroom / 1 Bathroom1BR,1BA$2,350
The LoisStudio / 1 BathroomStudio,1BA$2,694
22 Caton PlaceStudio / 1 BathroomStudio,1BA$2,718

Best Value Apartments for Rent in Prospect Park, NY

As of September 18, 2025 the best value apartment in the Prospect Park area is the $2.37 price per square foot 2117 Campus Rd Model at 2117 Campus Rd, Unit 3 bed Brooklyn College in the in the Ocean Parkway neighborhood starting from $3,000. 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.
2117 Campus Rd, Unit 3 bed Brooklyn College2117 Campus Rd3BR,1BA$2.37
870 Prospect Pl, Unit 2870 Prospect Pl2BR,1BA$2.80
397 Herkimer St, Unit 2397 Herkimer St4BR,2BA$3.50
3409 Church Ave, Unit 2LT3409 Church Ave2BR,1BA$2.73
138 9th St, Unit Roommate138 9th St1BR,1BA$1.17
354 Butler St, Unit Studio354 Butler StStudio ,1BA$2.11
160 Parkside Ave1 Bedroom / 1 Bathroom1BR,1BA$2.94
665 Rutland Rd, Unit 3665 Rutland Rd2BR,1BA$3.68
922 E 15th Stno apartment available2BR,1BA$2.69
335 Rutland Rd335 Rutland RdStudio ,1BA$3.50

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Prospect Park, Brooklyn, NY

Ranked #92

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 Prospect Park

What type of rentals are currently available in Prospect Park?

There are currently 9943 Apartments for Rent in Prospect Park, NY with pricing that ranges from $1,000 to $23,000. There are also 592 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Park ranging from $1,020 to $16,500.

What is the current price range for Rental Homes in Prospect Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Prospect Park ranges from $1,020 to $16,500 with an average monthly rent of $3,156.

How much are larger Three and Four Bedroom Rentals in Prospect Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Prospect Park range from $1,000 to $12,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,225 to $10,500. Four Bedroom Single-Family rentals are also available starting from $1,025 and Four Bedroom Apartments start at $1,320.

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

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.