Cheap Homes for Rent in the Wallabout Neighborhood of Brooklyn, NY from $1,575 (3 Rentals)

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

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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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Wallabout, Brooklyn, NY Local Guide

Best Value Apartments for Rent in Wallabout, NY

As of August 30, 2026 the best value apartment in the Wallabout area is the $1.00 price per square foot 472 Myrtle Ave Model at 472 Myrtle Ave, Unit RETAIL in the in the Downtown Brooklyn neighborhood starting from $6,500. The second greatest value Wallabout apartment is the 183 Classon Ave Model at 183 Classon Ave, Unit 3 starting at $3,995 with a $4.44 price per square foot in the South Williamsburg neighborhood. Here is today’s list of the best values for Wallabout apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
472 Myrtle Ave, Unit RETAIL472 Myrtle Ave1BR,1BA$1.00
183 Classon Ave, Unit 3183 Classon Ave3BR,1BA$4.44

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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Real 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.

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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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Pet Friendly Lifestyle
Wallabout, Brooklyn, NY

Ranked #58

Among cities in New York for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Wallabout, Brooklyn, NY

School data provided by Great Schools

Frequently Asked Questions about Wallabout

What type of rentals are currently available in Wallabout?

There are currently 143 Apartments for Rent in Wallabout, NY with pricing that ranges from $3,995 to $6,500. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wallabout ranging from $1,575 to $6,500.

What is the current price range for Rental Homes in Wallabout?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Wallabout ranges from $1,575 to $6,500 with an average monthly rent of $4,611.

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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.