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Cheap Apartments for Rent in New York, NY from $300 (427 Rentals)
Search the lowest-cost Apartments available for rent right now in New York.
2254 2nd Ave
New YorkNY10019
964 Amsterdam Ave
New YorkNY10025
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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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Studio to 1 Bedroom Apartments
James Lenox House- 55 and Over- NYC Residents
49 E 73rd StNew York, NY 10021
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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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from $7351 to 3 Bedroom Apartments Contact Us For Availability
The Willows at Glassworks
145 Cliffwood AveCliffwood, NJ 07721
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from $890Studio to 2 Bedroom Apartments Contact Us For Availability
Kings Plaza
270 King StPerth Amboy, NJ 08861
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705 Saint Marks Ave
BrooklynNY11216
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from $1,0001 Bedroom Apartments Available Now
BROOKHAVEN AVENUE - ROOM RENTAL
28-14 Brookhaven AveQueens, NY 11691
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from $1,0171 to 4 Bedroom Apartments Contact Us For Availability
Portside II
136 Pine StElizabeth, NJ 07206
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.
1718 Summerfield St
RidgewoodNY11385
1308 Prospect Pl
BrooklynNY11213
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from $1,039Studio to 4 Bedroom Apartments Available Now
Whitney Young Manor
352-358 Nepperhan AveYonkers, NY 10701
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from $1,0751 to 2 Bedroom Apartments Contact Us For Availability
Bayshore Village (62+)
100 Shoal Harbor CtPort Monmouth, NJ 07758
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from $1,0761 to 2 Bedroom Apartments Available Now
Englewood Properties
143 Engle StEnglewood, NJ 07631
938 Lafayette Ave
BrooklynNY11221
1881 Madison St
RidgewoodNY11385
92 Pulaski St
BrooklynNY11206
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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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New York, NY Local Guide
How much does it cost to rent an apartment in New York?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap New York Studio Apartments | $3,433 | $890 | $10,000+ |
| Cheap New York 1 Bedroom Apartments | $3,730 | $495 | $10,000+ |
| Cheap New York 2 Bedroom Apartments | $4,648 | $1,188 | $10,000+ |
| Cheap New York 3 Bedroom Apartments | $5,516 | $1,100 | $10,000+ |
| Cheap New York 4 Bedroom Apartments | $6,645 | $1,000 | $10,000+ |
| New York 5 Bedroom Apartments | $5,972 | $1,020 | $10,000+ |
| New York 6 Bedroom Apartments | $7,585 | $1,090 | $10,000+ |
| New York 7 Bedroom Apartments | $21,665 | $10,000 | $10,000+ |
Browse Top Apartments in New York
See all Apartments in New YorkExplore New York
New York, NY Local Guide
Written By:
Trey HuguleyDirector, Product Marketing
- New York Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in New York, NY
Pricing Updated: 07/10/2025Current apartment rentals in the New York, NY area range in price from $890 to $40,000 with an overall median price of $6,434. The three New York neighborhoods with the lowest median rent pricing are Ollinville at $1,450, Hunt's Point at $1,500, and West Brighton at $1,732. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for New York Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Ollinville | $1,450 | $1,450 | 1 |
| Hunt's Point | $1,500 | $1,500 | 1 |
| West Brighton | $1,868 | $1,732 | 1 |
| Unionport | $2,300 | $2,300 | 1 |
| Mariners Park | $2,350 | $1,017 | 51 |
| Bronxdale | $2,500 | $2,500 | 1 |
| New Springville | $2,500 | $1,500 | 2 |
| Starrett City | $2,550 | $1,100 | 2 |
| North New York | $2,650 | $1,600 | 4 |
| Parkchester | $2,700 | $1,550 | 5 |
Cheapest Available New York Apartments for Rent
The cheapest available apartment rental in New York, NY is a 1 Bed unit found at Ventnor Flatz in the Prospect Park neighborhood priced from $700. Markham Gardens in the Grymes Hill neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,025. Here is today’s list of the most affordable New York apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ventnor Flatz | 1 Bedroom/1 Bath | 1BR,1BA | $700 |
| Markham Gardens | 2 Bedroom | 2BR,1BA | $1,025 |
| Whitney Young Manor | Studio | Studio,1BA | $1,039 |
Best Value Apartments for Rent in New York, NY
As of July 11, 2025 the best value apartment in the New York area is the $0.65 price per square foot 346 Arlington Ave Model at 346 Arlington Ave, Unit 346 Arlington Ave in the in the Martin Luther King-Bergen neighborhood starting from $6,500. The second greatest value New York apartment is the 350 Arlington Ave Model at 350 Arlington Ave starting at $2,500 with a $0.25 price per square foot in the Martin Luther King-Bergen neighborhood. Here is today’s list of the best values for New York apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 346 Arlington Ave, Unit 346 Arlington Ave | 346 Arlington Ave | 5BR,5BA | $0.65 |
| 350 Arlington Ave | 350 Arlington Ave | 1BR,1.5BA | $0.25 |
| 86 Prospect St, Unit #1 | 86 Prospect St | 4BR,2BA | $0.40 |
| 1284 Arnow Ave, Unit 1 | 1284 Arnow Ave | 3BR,2BA | $0.97 |
| 542 Van Siclen Ave, Unit 2R | 542 Van Siclen Ave | 3BR,1BA | $0.55 |
| 540 Mercer St | 540 Mercer St | 1BR,1BA | $0.55 |
| 544 Mercer St, Unit 2 | 544 Mercer St | Studio ,1BA | $0.60 |
| 688 Communipaw Ave | 688 Communipaw Ave | Studio ,1BA | $0.55 |
| 664 Pennsylvania Ave, Unit 3 | 664 Pennsylvania Ave | 3BR,2BA | $0.73 |
| Ventnor Flatz | 1 Bedroom/1 Bath | 1BR,1BA | $1.00 |
Quick Rent Budget Calculator
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New York Overview
There's a reason they call New York City the Big Apple. It is one of the most exciting cities in the world. The largest city in the United States in top of population, this city is a melting pot of culture, adventure and fun. Living here, you'll enjoy a global community that is home to the leaders in finance, fashion, culture, and art. With five boroughs to choose from when looking for apartments in New York City, there is something here for everyone. Maybe it's time for you to take your own bite out of the Big Apple.
Why live in New York, NY?
The easier question might be why wouldn't someone want to live in New York City. No matter the time of day, there is somewhere to go, something to do, and someone to do it with. From bars to restaurants to the theater, it's true this town never sleeps. Add in the parks, museums, and Times Square, and NYC is truly a unique place that will make you feel connected to the world in a way that isn't possible anywhere else.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore New York, NY Rentals by Map
See the most popular apartments and homes in New York, NY
New York, NY Apartments MapNew York, NY Rental Homes MapGetting Around New York, NY
Walk Score®
98 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
86 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
100 / 100
Rider’s Paradise
World-class public transportation
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap New York Apartments
What is a cheap apartment in New York?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in New York is under $1,039.
What is the price of a cheap apartment in New York?
The cheapest apartment in New York is Ventnor Flatz which is listed at $700, while the average apartment in New York costs $6,434.
What types of apartments are the cheapest in New York?
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 469 regular apartments in New York that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
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.
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.
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.
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.