Cheap Homes for Rent in Manhattan, NY from $1,200 (505 Rentals)

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property at 322 E 120th St

322 E 120th St

New YorkNY10035

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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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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Manhattan, NY Local Guide

Cheapest Available Manhattan Apartments for Rent and Nearby

 

The cheapest available apartment rental in Manhattan, NY is a Studio unit found at 14 St Marks Pl in the Gramercy-Flatiron neighborhood priced from $1,100. Cliffs On Hudson in the East Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,238. Here is today’s list of the most affordable Manhattan apartments for rent:

Apartment ListingModel NameBed/BathPriced From
14 St Marks PlSTUStudio,$1,100
Cliffs On HudsonOne Bedroom1BR,1BA$1,238
St George TowersShared Triple Room1BR,1BA$1,500
The Post on FortStudioStudio,1BA$1,700
St Georges CrescentStudioStudio,1BA$1,700
The ParkStudioStudio,1BA$1,700
Riverview Towers505-0x1AStudio,1BA$1,795

Best Value Apartments for Rent in Manhattan, NY and Nearby

As of June 20, 2025 the best value apartment in the Manhattan area is the $1.44 price per square foot 2464 Arthur Ave Model at 2464 Arthur Ave, Unit Arthur Avenue in the in the Belmont neighborhood starting from $3,900. The second greatest value Manhattan apartment is the 2465 Lemoine Ave Model at 2465 Lemoine Ave, Unit A starting at $3,200 with a $1.83 price per square foot in the Bergen County Waterfront 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.
2464 Arthur Ave, Unit Arthur Avenue2464 Arthur Ave3BR,1.5BA$1.44
2465 Lemoine Ave, Unit A2465 Lemoine Ave3BR,2BA$1.83
3627 Waldo Ave, Unit Apt 23627 Waldo Ave3BR,2BA$2.00
3656 Waldo Ave, Unit 23656 Waldo Ave3BR,2BA$2.00
3611 Waldo Ave, Unit Apt 13611 Waldo Ave3BR,1BA$2.14
6249 Broadway, Unit 16249 Broadway2BR,1BA$1.75
The Reserve4 Bed 2 Bath - G4BR,2BA$1.76
6th at West Hoboken - Union City, NJ2BR/1.0BA2BR,1BA$1.89
354 Butler St, Unit New354 Butler StStudio ,1BA$2.11
Cliffs On HudsonOne Bedroom1BR,1BA$1.80

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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Frequently Asked Questions about Manhattan

What type of rentals are currently available in Manhattan?

There are currently 40005 Apartments for Rent in Manhattan, NY with pricing that ranges from $650 to $80,000. There are also 3656 Single Family Homes for rent, Condos, and Townhome rentals currently available in Manhattan ranging from $1,200 to $50,000.

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 $1,200 to $50,000 with an average monthly rent of $8,614.

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 $1,200 to $80,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,200 to $45,000. Four Bedroom Single-Family rentals are also available starting from $3,400 and Four Bedroom Apartments start at $1,120.

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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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.

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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.