Cheap Homes for Rent in Manhattan, NY from $500 (534 Rentals)

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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 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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Showing Results 1-50, Page 1 of 11

Manhattan, NY Local Guide

Cheapest Available Manhattan Apartments for Rent and Nearby

 

The cheapest available apartment rental in Manhattan, NY is a 1 Bed unit found at Harlem Place 1 in the Hamilton Heights neighborhood priced from $700. 326 Bloomfield St in the Maxwell Place on the Hudson neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. Here is today’s list of the most affordable Manhattan apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Harlem Place 11 Bedroom1BR,1BA$700
326 Bloomfield St1BDRM1BR,1BA$1,200
Rio Vista1 Bed 1 Bath1BR,1BA$1,538
The ReserveFurnished Room in a 4 Bedroom 2 Bathroom (N4)4BR,2BA$1,595
531 E 187th StStudio, 1 bathStudio,1BA$1,600
1106 - OM-1106 New York Avenue LLC1BR/1.0BA1BR,1BA$1,600
413 Monroe StComfy & Bright 1Bed 1Bath Apartment1BR,1BA$1,600

Best Value Apartments for Rent in Manhattan, NY and Nearby

As of January 26, 2026 the best value apartment in the Manhattan 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 Manhattan apartment is the 133 23rd St Model at 133 23rd St, Unit 3F starting at $2,915 with a $0.97 price per square foot in the Bush Terminal neighborhood. Here is today’s list of the best values for Manhattan apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
472 Myrtle Ave, Unit RETAIL472 Myrtle Ave1BR,1BA$1.00
133 23rd St, Unit 3F133 23rd St2BR,2BA$0.97
8714 4th Ave, Unit Apartment 28714 4th Ave4BR,3BA$1.70
2160 South St, Unit 22160 South St2BR,1BA$1.50
6th at West Hoboken - Union City, NJ2BR/1.0BA2BR,1BA$1.80
134 71st St, Unit 1134 71st St1BR,1BA$1.85
413 Monroe StComfy & Bright 1Bed 1Bath Apartment1BR,1BA$1.78
372 Anderson Ave1 Bed, 1 bath1BR,1BA$1.89
138 9th St, Unit Roommate138 9th St1BR,1BA$1.06
326 Bloomfield St1BDRM1BR,1BA$1.89

The Local NYC Expert's Guide to the Perfect Neighborhoods Near Top Employers

From Battery Park City to Hudson Heights, find a rental that makes walking to work a reality. Explore the best NYC neighborhoods near major employers.

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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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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in NYC

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the New York City area for affordable living. Find your perfect NYC Student apartment, condo, or rental home today at ApartmentHomeliving.com

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Manhattan, NY Rentals by Map

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See the most popular apartments and homes in Manhattan, NY

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Frequently Asked Questions about Manhattan

What type of rentals are currently available in Manhattan?

There are currently 40468 Apartments for Rent in Manhattan, NY with pricing that ranges from $700 to $60,000. There are also 4467 Single Family Homes for rent, Condos, and Townhome rentals currently available in Manhattan ranging from $550 to $100,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Manhattan ranges from $550 to $100,000 with an average monthly rent of $5,707.

How much are larger Three and Four Bedroom Rentals in Manhattan?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Manhattan range from $875 to $39,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $100,000. Four Bedroom Single-Family rentals are also available starting from $1,100 and Four Bedroom Apartments start at $1,636.

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.

Articles, How-To's, and Tips

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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.