
Cheap Homes for Rent in the Prospect Park Neighborhood of Brooklyn, NY from $800 (231 Rentals)
Search the lowest-cost Homes available for rent right now in the Prospect Park area of Brooklyn.


Furnished room/NOT APARTMENT, Unit 3L

Furnished room/NOT APARTMENT, Unit 2F

Furnished room/NOT APARTMENT, Unit 8

Room in Shared 4 bed/2 bath home, Unit C

Furnished room/NOT APARTMENT, Unit 2B

Cute Private ROOM in Flatbush, Unit 4

Cute Private ROOM in Flatbush, Unit 2

Cute Private ROOM in Flatbush, Unit 3

Room in Shared 4 bed/2 bath home, Unit B
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.

Room in Shared 5 bed/2 bath home, Unit D

Nice room in a good neighborhood, Unit 2A

Tranquil ROOM at The Kensington House, Unit 1

Modern ROOM at The Kensington House, Unit 1

Exquisite ROOM at The Kensington House, Unit 1

Room in Shared 4 bed/2 bath home, Unit C

Furnished room/NOT APARTMENT, Unit 3E

Room in Shared 4 bed/2 bath home, Unit A

Room in Shared 4 bed/2 bath home, Unit A

Great Private ROOM in Kensington, Unit 3
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.

Tranquil ROOM at The Kensington House, Unit 2

Great Private ROOM in Kensington, Unit 1

Spacious ROOM at The Kensington House, Unit 3

Great Private ROOM in Kensington, Unit 4

Great Private ROOM in Kensington, Unit 2

Exquisite ROOM at The Kensington House, Unit 2

Modern ROOM at The Kensington House, Unit 2

Spacious ROOM at The Kensington House, Unit 1

14th St, Unit E2

Room in Shared 4 bed/2 bath home, Unit B
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.

Furnished room/NOT APARTMENT, Unit 2

Cute Private ROOM in Flatbush, Unit 1

Furnished room/NOT APARTMENT, Unit 3F

Room in Shared 4 bed/1 bath home, Unit A

Room in Shared 4 bed/2 bath home, Unit A

Room in Shared 4 bed/2 bath home, Unit 3D

Room in Shared 4 bed/2 bath home, Unit A

Room in Shared 4 bed/2 bath home, Unit C

Room in Shared 4 bed/2 bath home, Unit A

Room in Shared 4 bed/1 bath home, Unit D
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.

Furnished room/NOT APARTMENT, Unit 3

Room in Shared 3 bed/1 bath home, Unit B

Room in Shared 4 bed/1.5 bath home, Unit B

Room in Shared 5 bed/2 bath home, Unit E

Room in Shared 4 bed/2 bath home, Unit D

Nice Private ROOM in Kensington, Unit 2

Vibrant ROOM at The Owens House, Unit 6

Adorable ROOM at The Owens House, Unit 6

Nice Private ROOM in Kensington, Unit 1

Spacious ROOM at The Kensington House, Unit 2
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Prospect Park, Brooklyn, NY Local Guide

How much does it cost to rent a home in Prospect Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prospect Park 2 Bedroom Homes for Rent | $2,936 | $1,390 | $8,000 |
| Prospect Park 3 Bedroom Homes for Rent | $2,199 | $1,030 | $8,500 |
| Prospect Park 4 Bedroom Homes for Rent | $1,605 | $1,060 | $5,000 |
| Prospect Park 5 Bedroom Homes for Rent | $1,400 | $1,030 | $1,630 |
| Prospect Park 6 Bedroom Homes for Rent | $1,502 | $1,390 | $1,690 |
| Prospect Park 7 Bedroom Homes for Rent | $1,561 | $1,390 | $1,790 |
Browse Homes for Rent in this Neighborhood
There are currently 231 rentals with your search options within a 1 mile radius of the Prospect Park Neighborhood of Brooklyn, NY.
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Prospect Park, Brooklyn, NY Local Guide
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Cheapest Available Prospect Park Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1134 Fulton Street | Q Line 1 Bed 1 Bath | 1BR,1BA | $2,227 |
| 224 3rd Ave | Studio | Studio,1BA | $2,933 |
Best Value Apartments for Rent in Prospect Park, NY
As of July 11, 2026 the best value apartment in the Prospect Park area is the $1.57 price per square foot 870 Prospect Pl Model at 870 Prospect Pl, Unit Apt.2 in the in the Wingate neighborhood starting from $3,300. The second greatest value Prospect Park apartment is the 17 Ludlam Pl Model at 17 Ludlam Pl, Unit 2 starting at $3,100 with a $2.38 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 870 Prospect Pl, Unit Apt.2 | 870 Prospect Pl | 2BR,1BA | $1.57 |
| 17 Ludlam Pl, Unit 2 | 17 Ludlam Pl | 3BR,1BA | $2.38 |
| 269 Kingston Ave, Unit 269 | 269 Kingston Ave | 3BR,1BA | $2.29 |
| 317 Winthrop St | 317 Winthrop St | 3BR,2BA | $3.91 |
| 397 Herkimer St, Unit 2 | 397 Herkimer St | 4BR,2BA | $3.82 |
| 74 Minna St, Unit 2F | 74 Minna St | 2BR,1BA | $3.20 |
| 138 9th St, Unit Two bedroom apartment | 138 9th St | 2BR,1BA | $2.44 |
| 546 Monroe St, Unit 1 bed, 1.5 bath Brooklyn Apartment | 546 Monroe St | 1BR,1.5BA | $3.50 |
| 665 Rutland Rd, Unit 3 | 665 Rutland Rd | 2BR,1BA | $3.86 |
| 163 Linden Blvd, Unit 3 | 163 Linden Blvd | 1BR,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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
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 10003 Apartments for Rent in Prospect Park, NY with pricing that ranges from $1,297 to $19,500. There are also 404 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Park ranging from $875 to $8,500.
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 $875 to $8,500 with an average monthly rent of $1,978.
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 $2,700 to $13,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,030 to $8,500. Four Bedroom Single-Family rentals are also available starting from $1,060 and Four Bedroom Apartments start at $4,000.
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

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.

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.

The Local NYC Expert's 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.

The Unofficial NYC Playbook: An Insider's 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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.