Cheap Apartments for Rent in New York, NY from $300 (634 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in New York.

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.

Read Article

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.

Read Article

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.

Read Article

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.

Read Article

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

Read Article
Showing Results 1-50, Page 1 of 13

New York, NY Local Guide

Photo of Trey Huguley - Director, Product Marketing
Written By:
Trey Huguley
Director, Product Marketing

Cheapest Neighborhoods for Apartments in New York, NY

Pricing Updated: 06/17/2025

Current apartment rentals in the New York, NY area range in price from $800 to $75,000 with an overall median price of $9,026. The three New York neighborhoods with the lowest median rent pricing are Woodlawn at $1,850, Van Nest at $1,997, and Bronxdale at $2,000. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for New York Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Woodlawn$1,850$1,8501
Van Nest$2,000$1,9972
Bronxdale$2,200$2,0002
Morris Park$2,200$2,0002
Charleston$2,300$1,4002
Woodrow$2,300$1,4002
Bloomfield$2,350$2,3501
Hunt's Point$2,400$2,4001
Brighton Beach$2,447$2,1002
Parkchester$2,481$1,9973

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 ListingModel NameBed/BathPriced From
Ventnor Flatz1 Bedroom/1 Bath1BR,1BA$700
Markham Gardens2 Bedroom2BR,1BA$1,025
Whitney Young ManorStudioStudio,1BA$1,039
Royale at Highland Park44BR,3BA$1,050
14 St Marks PlSTUStudio,$1,100
Monroe GardenStudio on Watson Ave1BR,1BA$1,145

Best Value Apartments for Rent in New York, NY

As of June 17, 2025 the best value apartment in the New York area is the $0.97 price per square foot 1284 Arnow Ave Model at 1284 Arnow Ave, Unit 1 in the in the Laconia neighborhood starting from $2,900. The second greatest value New York apartment is the 471 Palisade Ave Model at 471 Palisade Ave, Unit #1 starting at $3,200 with a $1.28 price per square foot in the The Heights neighborhood. Here is today’s list of the best values for New York apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1284 Arnow Ave, Unit 11284 Arnow Ave3BR,2BA$0.97
471 Palisade Ave, Unit #1471 Palisade Ave2BR,1BA$1.28
540 Mercer St540 Mercer St1BR,1BA$0.55
544 Mercer St, Unit 2544 Mercer StStudio ,1BA$0.60
213 Pearsall Ave, Unit 2213 Pearsall Ave3BR,2BA$1.40
664 Pennsylvania Ave, Unit 3664 Pennsylvania Ave3BR,2BA$0.73
290 Martin Luther King Jr Dr, Unit 2290 Martin Luther King Jr Dr3BR,1BA$1.35
Markham Gardens2 Bedroom2BR,1BA$1.08
165 Winfield Ave, Unit 128 sqft Bedroom165 Winfield Ave2BR,1BA$1.41
Ventnor Flatz1 Bedroom/1 Bath1BR,1BA$1.00

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.

decorative image of people with a giant lease agreement

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

Decorative image of map

See the most popular apartments and homes in New York, NY

View MapNew York, NY Apartments MapView MapNew York, NY Rental Homes Map

Getting 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 the Cheapest Studio apartment in New York?

Currently the most affordable Cheap Studio Apartment in New York is at Whitney Young Manor listed at $1,039.

How much is rent for a Cheap One Bedroom New York Apartment?

The lowest price for a Cheap One Bedroom New York Apartment is $700 at Ventnor Flatz.

What is the lowest price for a Cheap Two Bedroom New York Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in New York is starting from $800 at Ventnor Flatz.

What is the most affordable New York Three Bedroom Apartment?

The best deal on a cheap New York Three Bedroom Apartment rental is at Cliffs On Hudson and starts from $1,714.

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.

decorative image for The 10 Best Affordable Neighborhoods for Renting in New York City article

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.