Cheap Apartments for Rent in New York, NY from $300 (399 Rentals)

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

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The Carolina
Studio to 3 Bedroom Apartments

The Carolina

1465 Park AveNew York, NY 10029
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34 Hillside Ave
Studio to 1 Bedroom Apartments

34 Hillside Ave

34-64 Hillside AveNew York, NY 10040
Senior Living
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Harlem Place 1
1 Bedroom Apartments

Harlem Place 1

511 W 145th StNew York, NY 10031
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Lenox Terrace
Studio to 3 Bedroom Apartments

Lenox Terrace

484 Lenox AveNew York, NY 10037
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216 E 83rd St
1 Bedroom Apartments

216 E 83rd St

216 E 83rd StNew York, NY 10028
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1630-1636 Park Ave
Studio to 2 Bedroom Apartments

1630-1636 Park Ave

1630-1636 Park AveNew York, NY 10029
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147 E 30th St
Studio to 2 Bedroom Apartments

147 E 30th St

147 E 30th StNew York, NY 10016

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.

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Douglass Park
1 to 3 Bedroom Apartments

Douglass Park

300 W 128th StNew York, NY 10027
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Allendale Apartments
1 to 3 Bedroom Apartments

Allendale Apartments

808 West End AveNew York, NY 10025
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407 E 88th St
Studio to 1 Bedroom Apartments

407 E 88th St

407 E 88th StNew York, NY 10128
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101-105 W 133rd St
Studio Apartments

101-105 W 133rd St

101-105 W 133rd StNew York, NY 10030
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157-159 Vermilyea Ave
1 to 2 Bedroom Apartments

157-159 Vermilyea Ave

157-159 Vermilyea AveNew York, NY 10034
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156 Sherman Ave
1 to 2 Bedroom Apartments

156 Sherman Ave

156 Sherman AveNew York, NY 10034
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1366 York Ave
1 Bedroom Apartments

1366 York Ave

1366 York AveNew York, NY 10021
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160 East 107
1 to 3 Bedroom Apartments

160 East 107

160 E 107th StNew York, NY 10029
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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.

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524 W 169th St
1 Bedroom Apartments

524 W 169th St

524 W 169th StNew York, NY 10032
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310 West Cozy
Studio to 2 Bedroom Apartments

310 West Cozy

310 W 20th StNew York, NY 10011
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20 LAUREL HILL TER
Studio to 2 Bedroom Apartments

20 LAUREL HILL TER

20 laurel Hill TerNew York, NY 10033
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266-68-270-72 Nagle Ave
1 to 2 Bedroom Apartments

266-68-270-72 Nagle Ave

266-68-270-72 Nagle AveNew York, NY 10034
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35 West 65th Street
Studio to 3 Bedroom Apartments

35 West 65th Street

35 W 65th StNew York, NY 10023
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116 John St
Studio to 2 Bedroom Apartments

116 John St

1 Platt StNew York, NY 10038
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418 East 81st Street
Studio to 2 Bedroom Apartments

418 East 81st Street

418 E 81st StNew York, NY 10028
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11 Hillside Avenue
Studio to 3 Bedroom Apartments

11 Hillside Avenue

11 Hillside AveNew York, NY 10040
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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.

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410 E 81st St
Studio to 1 Bedroom Apartments

410 E 81st St

410 E 81st StNew York, NY 10028
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214 W 102nd St
Studio to 1 Bedroom Apartments

214 W 102nd St

214 W 102nd StNew York, NY 10025
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328 W 83rd St
Studio to 1 Bedroom Apartments

328 W 83rd St

328 W 83rd StNew York, NY 10024
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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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121 Washington Ave
$1,100 - $2,600
Total Monthly Price

Total Monthly Price

Base Rent
$1,100 - $2,600

Total Monthly Price
$1,100 - $2,600
1 to 3 Bedroom Apartment Available Now

121 Washington Ave

121 Washington AveMineola, NY 11501
Affordability
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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

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

Cheapest Neighborhoods for Apartments in New York, NY

Pricing Updated: 07/29/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
West Brighton$1,848$1,5162
Neponsit & Belle$2,400$2,4001
Georgetown$2,950$1,9506
Annadale$2,950$1,9001
Arden Heights$2,950$1,89560
Bay Terrace$2,950$1,9001
Eltingville$2,950$1,9001
Great Kills$2,950$1,9001
Jerome Park$3,000$1,70021
Broadway Junction$3,000$2,5005

Cheapest Available New York Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Mirador at Union City1 BR1BR,1BA$800
Whitney Young ManorStudioStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
350 Arlington Ave350 Arlington Ave1BR,1.5BA$0.25
591 Bramhall Ave591 Bramhall Ave3BR,2BA$0.32
472 Myrtle Ave, Unit RETAIL472 Myrtle Ave1BR,1BA$1.00
123 Liberty St, Unit 3123 Liberty St3BR,1BA$0.53
804 Lafayette Ave804 Lafayette Ave1BR,1BA$1.12
140 E Jersey St, Unit 1140 E Jersey St3BR,1BA$1.10
779 Montgomery St779 Montgomery StStudio ,1BA$0.60
540 Mercer St540 Mercer St1BR,1BA$0.75
2710 Parsons Blvd, Unit Unit12710 Parsons Blvd1BR,1BA$0.80
455 Jerome St, Unit #2B455 Jerome St1BR,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.

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Don'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.

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A 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

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Real 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.

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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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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

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New York, NY Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Virginia4+ years in New York

October 16, 2025

Good 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

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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.

decorative image for The Unofficial NYC Playbook: An Insider's Guide to Where to Eat, Roam, and Find Your Home in the City That Never Sleeps article

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.

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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.

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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

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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.

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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.

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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.

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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.