Cheap Homes for Rent in Prospect Park Neighborhood of Brooklyn, NY from $900 (86 Rentals)

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

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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New York's Best Affordable Neighborhoods

Learn about New York and the best places to live with original content written by our Local Expert Joshua Carlucci

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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 $750. 38 6th Ave has the second lowest priced unit, which is a Studio apartment currently listed from $2,121. 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$750
38 6th AveStudio 1 BathStudio,1BA$2,121
1134 Fulton StreetY Line 0 Bed 1 BathStudio,1BA$2,482

Best Value Apartments for Rent in Prospect Park, NY

As of June 03, 2025 the best value apartment in the Prospect Park area is the $2.25 price per square foot 891 Montgomery St Model at 891 Montgomery St, Unit 1Full in the in the Wingate neighborhood starting from $3,600. The second greatest value Prospect Park apartment is the 397 Herkimer St Model at 397 Herkimer St, Unit 2 starting at $3,850 with a $3.50 price per square foot in the Bedford Stuyvesant 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.
891 Montgomery St, Unit 1Full891 Montgomery St4BR,1BA$2.25
397 Herkimer St, Unit 2397 Herkimer St4BR,2BA$3.50
464 42nd St, Unit 1st464 42nd St2BR,1BA$2.40
169 Monroe St, Unit 1st Floor169 Monroe St2BR,1BA$3.15
292 E 3rd St, Unit 2nd Floor292 E 3rd St2BR,1BA$2.95
147 Chauncey St147 Chauncey St1BR,1BA$3.00
354 Butler St, Unit New354 Butler StStudio ,1BA$2.11
821 Troy Ave, Unit 2A821 Troy Ave1BR,1BA$2.81
Ventnor Flatz1 Bedroom/1 Bath1BR,1BA$1.07
1247 Dean St, Unit 2B1247 Dean StStudio ,1BA$3.50

Quick Rent Budget Calculator

How much rent can you afford?

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Frequently Asked Questions about Prospect Park

What type of rentals are currently available in Prospect Park?

There are currently 9979 Apartments for Rent in Prospect Park, NY with pricing that ranges from $960 to $23,000. There are also 315 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Park ranging from $900 to $27,000.

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 $900 to $27,000 with an average monthly rent of $6,586.

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 $1,275 to $11,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,958 to $13,500. Four Bedroom Single-Family rentals are also available starting from $3,195 and Four Bedroom Apartments start at $960.

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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.