Cheap Homes for Rent in Prospect Park Neighborhood of Brooklyn, NY from $900 (283 Rentals)

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

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.

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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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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 1 Bed unit found at Ventnor Flatz priced from $735. The Lois has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,474. Here are the most affordable Prospect Park apartments for rent in New York, NY:

Apartment ListingModel NameBed/BathPriced From
Ventnor Flatz1 Bedroom/1 Bath1BR,1BA$735
The Lois1 Bedroom / 1 Bathroom1BR,1BA$2,474
1159 Saint Johns Place1 BR, 1 Bath1BR,1BA$2,700
2363 Bedford Ave1 Bedroom1BR,1BA$2,800

Best Value Apartments for Rent in Prospect Park, NY

As of April 12, 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 585 Franklin Ave Model at 585 Franklin Ave, Unit 2 starting at $4,799 with a $4.00 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
585 Franklin Ave, Unit 2585 Franklin Ave4BR,2BA$4.00
397 Herkimer St, Unit 2397 Herkimer St4BR,2BA$3.50
1375 Pacific St, Unit 3rd floor1375 Pacific St1BR,1BA$3.20
138 9th St, Unit Two bedroom apartment138 9th St2BR,1BA$2.44
160 Parkside Ave1 Bedroom / 1 Bathroom1BR,1BA$3.94
665 Rutland Rd, Unit 3665 Rutland Rd2BR,1BA$3.68
Ventnor Flatz1 Bedroom/1 Bath1BR,1BA$1.05
163 Linden Blvd, Unit 3163 Linden Blvd1BR,1BA$3.85
426 McDonald Ave, Unit 1R426 McDonald Ave2BR,1BA$3.71

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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

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Frequently Asked Questions about Prospect Park

What type of rentals are currently available in Prospect Park?

There are currently 9981 Apartments for Rent in Prospect Park, NY with pricing that ranges from $1,000 to $14,556. There are also 458 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Park ranging from $930 to $16,000.

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 $930 to $16,000 with an average monthly rent of $1,946.

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 $2,900 to $8,770, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,040 to $16,000. Four Bedroom Single-Family rentals are also available starting from $990 and Four Bedroom Apartments start at $3,850.

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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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.

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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.