
Cheap Apartments for Rent in New York, NY from $300 (399 Rentals)
Search the lowest-cost Apartments available for rent right now in New York.


Bright & Modern Living Space in a Prime NYC Location, Unit 6E

The Carolina

Sendero Verde - Affordable

34 Hillside Ave

Harlem Place 1

Lenox Terrace

216 E 83rd St

1630-1636 Park Ave

147 E 30th St
Beyond the Bridges: Brooklyn, Queens, Jersey City, and the Other Smart Moves for NYC Renters
Looking for apartments outside Manhattan? See average rent, commute times, and neighborhood pros for Brooklyn, Queens, Staten Island, Jersey City, and Yonkers.

Douglass Park

St Nicholas Park Apartments

Allendale Apartments

407 E 88th St

101-105 W 133rd St

James Lenox House- 55 and Over- NYC Residents

157-159 Vermilyea Ave

156 Sherman Ave

1366 York Ave

160 East 107
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.

524 W 169th St

310 West Cozy

20 LAUREL HILL TER

266-68-270-72 Nagle Ave

35 West 65th Street

116 John St

1548-1560 Saint Nicholas Ave

418 East 81st Street

236-238 E 78th St

11 Hillside Avenue
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.

410 E 81st St

214 W 102nd St

328 W 83rd St

The Willows at Glassworks

Mirador at Union City

Total Monthly Price
2710 Parsons Blvd, Unit Unit1

Total Monthly Price
62 Dehart Pl, Unit 2

Kings Plaza

115 Winfield Ave

17 Britton St
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

Total Monthly Price
455 Jerome St, Unit #2B

109 Vassar Ave, Unit PRIVATE Room ONLY Shared

Total Monthly Price
148 Chilton St, Unit 2

1500 E 222nd St

Portside II

Whitney Young Manor

Bayshore Village (62+)

Total Monthly Price
121 Washington Ave

49 W Main St

114-36 194th St
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.
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 | $3,281 | $890 | $10,000+ |
| Cheap New York 1 Bedroom Apartments | $3,576 | $735 | $10,000+ |
| Cheap New York 2 Bedroom Apartments | $4,342 | $1,209 | $10,000+ |
| Cheap New York 3 Bedroom Apartments | $4,794 | $1,397 | $10,000+ |
| Cheap New York 4 Bedroom Apartments | $5,410 | $1,400 | $10,000+ |
| New York 5 Bedroom Apartments | $5,524 | $900 | $10,000+ |
| New York 6 Bedroom Apartments | $8,506 | $950 | $10,000+ |
| New York 7 Bedroom Apartments | $3,750 | $3,750 | $3,750 |
Browse Top Apartments in New York
See all Apartments in New YorkExplore New York

New York, NY Local Guide

- New York Neighborhoods
- Nearby Cities
- ZIP codes
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Cheapest Neighborhoods for Apartments in New York, NY
Pricing Updated: 07/29/2026Current apartment rentals in the New York, NY area range in price from $800 to $37,680 with an overall median price of $6,407. The three New York neighborhoods with the lowest median rent pricing are West Brighton at $1,516, Neponsit & Belle at $2,400, and Georgetown at $1,950. 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 |
|---|---|---|---|
| West Brighton | $1,848 | $1,516 | 2 |
| Neponsit & Belle | $2,400 | $2,400 | 1 |
| Georgetown | $2,950 | $1,950 | 6 |
| Annadale | $2,950 | $1,900 | 1 |
| Arden Heights | $2,950 | $1,895 | 60 |
| Bay Terrace | $2,950 | $1,900 | 1 |
| Eltingville | $2,950 | $1,900 | 1 |
| Great Kills | $2,950 | $1,900 | 1 |
| Jerome Park | $3,000 | $1,700 | 21 |
| Broadway Junction | $3,000 | $2,500 | 5 |
Cheapest Available New York Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mirador at Union City | 1 BR | 1BR,1BA | $800 |
| Whitney Young Manor | Studio | Studio,1BA | $1,039 |
Best Value Apartments for Rent in New York, NY
As of July 30, 2026 the best value apartment in the New York area is the $0.25 price per square foot 350 Arlington Ave Model at 350 Arlington Ave in the in the Martin Luther King-Bergen neighborhood starting from $2,500. The second greatest value New York apartment is the 591 Bramhall Ave Model at 591 Bramhall Ave starting at $3,200 with a $0.32 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. |
|---|---|---|---|
| 350 Arlington Ave | 350 Arlington Ave | 1BR,1.5BA | $0.25 |
| 591 Bramhall Ave | 591 Bramhall Ave | 3BR,2BA | $0.32 |
| 472 Myrtle Ave, Unit RETAIL | 472 Myrtle Ave | 1BR,1BA | $1.00 |
| 123 Liberty St, Unit 3 | 123 Liberty St | 3BR,1BA | $0.53 |
| 804 Lafayette Ave | 804 Lafayette Ave | 1BR,1BA | $1.12 |
| 140 E Jersey St, Unit 1 | 140 E Jersey St | 3BR,1BA | $1.10 |
| 779 Montgomery St | 779 Montgomery St | Studio ,1BA | $0.60 |
| 540 Mercer St | 540 Mercer St | 1BR,1BA | $0.75 |
| 2710 Parsons Blvd, Unit Unit1 | 2710 Parsons Blvd | 1BR,1BA | $0.80 |
| 455 Jerome St, Unit #2B | 455 Jerome St | 1BR,1BA | $0.90 |
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.
Read ArticleDon'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.
Read ArticleA 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
Read ArticleReal 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.
Read ArticleQuick 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.
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 Area Reviews
Virginia • 4+ years in New York
October 16, 2025Good vibes - but the stores could be better. Too many junk stores and nail salons. Not enough food stores - and the ones here are rather pricey. Not pet friendly - yet another service presented by the greedy landlords--rents are too high.
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 Mirador at Union City which is listed at $800, while the average apartment in New York costs $6,407.
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 537 regular apartments in New York 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 New York?
Cheap apartments in New York have an average cost of $954 which is $5,453 cheaper than the average rent for all rentals in New York.
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

Beyond the Bridges: Brooklyn, Queens, Jersey City, and the Other Smart Moves for NYC Renters
Written by: Joshua Carlucci
I'm Josh, your ApartmentHomeLiving.com Local Expert for New York City, and I live in the Lower East Side of Manhattan. I love it here.

The Unofficial NYC Playbook: An Insider's Guide to Where to Eat, Roam, and Find Your Home in the City That Never Sleeps
Written by: Joshua Carlucci
Every block of New York City feels like a stage set for daily life.

The Local NYC Expert's 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.

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.
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.

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.