Cheap Homes for Rent in Prospect Park Neighborhood of Brooklyn, NY from $700 (88 Rentals)

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

property at 1170 E 43rd St

1170 E 43rd St

BrooklynNY11210
property at 4577 Kings Hwy

4577 Kings Hwy

BrooklynNY11234
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Prospect Park, Brooklyn, NY Local Guide

Cheapest Available Prospect Park Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Ventnor Flatz2 Bedroom/1 Bath2BR,1BA$800
The LoisStudio / 1 BathroomStudio,1BA$2,684

Best Value Apartments for Rent in Prospect Park, NY

As of August 04, 2025 the best value apartment in the Prospect Park area is the $3.10 price per square foot 447 Degraw St Model at 447 Degraw St, Unit duplex in the in the Downtown Brooklyn neighborhood starting from $6,200. The second greatest value Prospect Park apartment is the 2522 Bedford Ave Model at 2522 Bedford Ave, Unit 2C starting at $1,200 with a $0.80 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.
447 Degraw St, Unit duplex447 Degraw St2BR,1.5BA$3.10
2522 Bedford Ave, Unit 2C2522 Bedford Ave3BR,1BA$0.80
1203 38th St, Unit 2nd floor1203 38th St2BR,1BA$1.92
870 Prospect Pl, Unit 2870 Prospect Pl2BR,1BA$2.80
397 Herkimer St, Unit 2397 Herkimer St4BR,2BA$3.50
138 9th St, Unit Roommate138 9th St1BR,1BA$1.17
354 Butler St, Unit Studio354 Butler StStudio ,1BA$2.11
Ventnor Flatz2 Bedroom/1 Bath2BR,1BA$0.94
665 Rutland Rd, Unit 2665 Rutland Rd2BR,1BA$3.48
19 Revere Pl, Unit 1 Bedrm Available19 Revere Pl1BR,1BA$3.71

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Frequently Asked Questions about Prospect Park

What type of rentals are currently available in Prospect Park?

There are currently 9972 Apartments for Rent in Prospect Park, NY with pricing that ranges from $1,000 to $23,000. There are also 454 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Park ranging from $750 to $15,000.

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 $750 to $15,000 with an average monthly rent of $3,188.

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 $1,050 to $15,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $13,500. Four Bedroom Single-Family rentals are also available starting from $1,100 and Four Bedroom Apartments start at $1,000.

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

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.