
Cheap Apartments for Rent in the Downtown New Rochelle Neighborhood of New Rochelle, NY from $1,367 (43 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown New Rochelle area of New Rochelle.


72 Bayard St

30 Ferdinand Pl

87 Church St

Total Monthly Price
112 Locust Ave, Unit 2O

Arc House

Total Monthly Price
25 Maple

Total Monthly Price
Stella
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.

53 1st St

Skyline New Rochelle

Total Monthly Price
The Leaf

10 Lecount Pl, Unit 21T

Total Monthly Price
360 Huguenot

Bancker Pl, Unit 1

The Millennia

The Alary
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.

The Standard

49 5th St

10 Lecount Pl, Unit 12A

25 Maple Ave, Unit 336

Harbor House

Total Monthly Price
One Clinton Park

The Illustrator

Total Monthly Price
Two Clinton Park
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Allen

The Rockwell Apartments

Soundview Apartments

Soundview Apartments

Drake House

Royal Arms

130 Centre Ave

The Ramsey
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.

230 Pelham Rd

220 Pelham Rd

Drake Manor

Lane Crest Apartments

NewRo Studios

25 Trinity Pl

The Anderson Apartments

The Grand
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.

The Huguenot

The Lombardi

115 Stonelea Pl
Downtown New Rochelle, New Rochelle, NY Local Guide

How much does it cost to rent an apartment in Downtown New Rochelle?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown New Rochelle Studio Apartments | $2,516 | $1,367 | $3,175 |
| Downtown New Rochelle 1 Bedroom Apartments | $3,038 | $1,465 | $5,000 |
| Downtown New Rochelle 2 Bedroom Apartments | $4,059 | $1,757 | $6,990 |
| Downtown New Rochelle 3 Bedroom Apartments | $4,470 | $3,850 | $7,583 |
Browse Apartments in this Neighborhood
There are currently 43 rentals with your search options within a 2 mile radius of the Downtown New Rochelle Neighborhood of New Rochelle, NY.
See all Apartments in New RochelleExplore New Rochelle
Cheapest Available Downtown New Rochelle Apartments for Rent
 The cheapest available apartment rental in the Downtown New Rochelle area of New Rochelle, NY is a Studio unit found at Garito Manor 62 and Older priced from $1,367. Shearwood Station has the second lowest priced unit, which is a Studio apartment currently listed from $2,084. Here are the most affordable Downtown New Rochelle apartments for rent in New Rochelle, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Garito Manor 62 and Older | Studio - Kitchenette | Studio,1BA | $1,367 |
| Shearwood Station | Studio -S1 | Studio,1BA | $2,084 |
| 25 Maple | S1 | Studio,1BA | $2,230 |
| Arc House | 501 | Studio,1BA | $2,300 |
| Skyline New Rochelle | Dickins | Studio,1BA | $2,305 |
| 360 Huguenot | A10 | Studio,1BA | $2,362 |
| The Alary | 12H Studio | Studio,1BA | $2,448 |
| The Leaf | S3 | Studio,1BA | $2,476 |
| The Illustrator | JS1A | Studio,1BA | $2,575 |
Best Value Apartments for Rent in Downtown New Rochelle, NY
As of August 24, 2026 the best value apartment in the Downtown New Rochelle area is the $3.93 price per square foot B4 Model at The Rockwell Apartments in the in the Chester Heights neighborhood starting from $4,700. The second greatest value Downtown New Rochelle apartment is the B08 Model at One Clinton Park starting at $4,777 with a $4.44 price per square foot in the Chester Heights neighborhood. Here is today’s list of the best values for Downtown New Rochelle apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Rockwell Apartments | B4 | 2BR,2BA | $3.93 |
| One Clinton Park | B08 | 2BR,2BA | $4.44 |
| Motif | B3-ALT 6 | 2BR,2BA | $4.06 |
| The Millennia | Azalea - No Terrace | 1BR,1BA | $3.52 |
| 3THIRTY3 | A1-09 | 1BR,1BA | $4.49 |
| 360 Huguenot | A8 | 1BR,1BA | $4.40 |
| Stella | A8 | 1BR,1BA | $4.41 |
| The Illustrator | JS1A | Studio ,1BA | $4.28 |
| The Printhouse | 2-5P | Studio ,1BA | $4.43 |
| Garito Manor 62 and Older | Studio - Kitchenette | Studio ,1BA | $3.22 |
Frequently Asked Questions about Cheap Downtown New Rochelle Apartments
What is a cheap apartment in Downtown New Rochelle?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown New Rochelle is under $2,575.
What is the price of a cheap apartment in Downtown New Rochelle?
The cheapest apartment in Downtown New Rochelle is Garito Manor 62 and Older which is listed at $1,465, while the average apartment in Downtown New Rochelle costs $3,181.
What types of apartments are the cheapest in Downtown New Rochelle?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 6 regular apartments in Downtown New Rochelle that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown New Rochelle?
Cheap apartments in Downtown New Rochelle have an average cost of $183 which is $2,998 cheaper than the average rent for all rentals in Downtown New Rochelle.
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

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.

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.

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.

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.