Cheap Homes for Rent in Prospect Park Neighborhood of Brooklyn, NY from $900 (268 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 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.

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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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Prospect Park, Brooklyn, NY Local Guide

Cheapest Available Prospect Park Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
The LoisStudio / 1 BathroomStudio,1BA$2,701
160 Parkside Ave1 Bedroom / 1 Bathroom1BR,1BA$3,150

Best Value Apartments for Rent in Prospect Park, NY

As of February 24, 2026 the best value apartment in the Prospect Park area is the $3.00 price per square foot 198 28th St Model at 198 28th St, Unit 198 28th St #1 in the in the Bush Terminal neighborhood starting from $6,000. The second greatest value Prospect Park apartment is the 753 Flatbush Ave Model at 753 Flatbush Ave, Unit 2nd floor starting at $3,000 with a $2.00 price per square foot in the Prospect Park 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.
198 28th St, Unit 198 28th St #1198 28th St3BR,3BA$3.00
753 Flatbush Ave, Unit 2nd floor753 Flatbush Ave4BR,1BA$2.00
870 Prospect Pl, Unit 2870 Prospect Pl2BR,1BA$3.75
585 Franklin Ave, Unit 2585 Franklin Ave4BR,2BA$4.00
397 Herkimer St, Unit 2397 Herkimer St4BR,2BA$3.50
53 Clara St, Unit Top Floor53 Clara St3BR,1BA$3.50
1898 Schenectady Ave, Unit 2nd Floor1898 Schenectady Ave3BR,1BA$2.74
160 Parkside Ave1 Bedroom / 1 Bathroom1BR,1BA$3.94
665 Rutland Rd, Unit 3665 Rutland Rd2BR,1BA$3.68
163 Linden Blvd, Unit 3163 Linden Blvd1BR,1BA$3.85

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.

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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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Quick 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 Prospect Park

What type of rentals are currently available in Prospect Park?

There are currently 9976 Apartments for Rent in Prospect Park, NY with pricing that ranges from $1,150 to $15,394. There are also 473 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Park ranging from $950 to $12,500.

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 $950 to $12,500 with an average monthly rent of $1,923.

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 $2,600 to $10,200, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,190 to $11,500. Four Bedroom Single-Family rentals are also available starting from $1,090 and Four Bedroom Apartments start at $3,000.

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

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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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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.

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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.

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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

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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.