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$1,0005 Bedroom Apartments Available Now
HAMILTON PLACE, Unit #ROOM
51 Hamilton PlNew York, NY 10031
Cheap Apartments for Rent in New York, NY from $300 (1,119 Rentals)
Search the lowest-cost Apartments available for rent right now in New York.
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$1,495Studio Apartments Available Now
W 51ST ST., Unit BC
358 W 51st StNew York, NY 10019
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Rent Specials
$1,595 - $7,0002 to 4 Bedroom Apartments Available Now
The Reserve
215 E 124th StNew York, NY 10035
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$1,638 - $3,960Studio to 1 Bedroom Apartments Available Now
Harlem Lodge
67 W 119th StNew York, NY 10026
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Studio to 3 Bedroom Apartments
The Carolina
1465 Park AveNew York, NY 10029
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Studio to 3 Bedroom Apartments
Sendero Verde - Affordable
1681 Madison AveNew York, NY 10029
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Studio to 1 Bedroom Apartments
34 Hillside Ave
34-64 Hillside AveNew York, NY 10040
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1 Bedroom Apartments
Harlem Place 1
511 W 145th StNew York, NY 10031
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Studio to 3 Bedroom Apartments
Lenox Terrace
484 Lenox AveNew York, NY 10037
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Studio to 2 Bedroom Apartments
1630-1636 Park Ave
1630-1636 Park AveNew York, NY 10029
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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1 Bedroom Apartments
216 E 83rd St
216 E 83rd StNew York, NY 10028
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Studio to 2 Bedroom Apartments
147 E 30th St
147 E 30th StNew York, NY 10016
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1 to 3 Bedroom Apartments
Douglass Park
300 W 128th StNew York, NY 10027
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1 to 2 Bedroom Apartments
St Nicholas Park Apartments
306 W 128th StNew York, NY 10027
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1 to 3 Bedroom Apartments
Allendale Apartments
808 West End AveNew York, NY 10025
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Studio to 1 Bedroom Apartments
407 E 88th St
407 E 88th StNew York, NY 10128
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Studio Apartments
101-105 W 133rd St
101-105 W 133rd StNew York, NY 10030
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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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1 to 2 Bedroom Apartments
157-159 Vermilyea Ave
157-159 Vermilyea AveNew York, NY 10034
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1 to 2 Bedroom Apartments
156 Sherman Ave
156 Sherman AveNew York, NY 10034
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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1 to 3 Bedroom Apartments
160 East 107
160 E 107th StNew York, NY 10029
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1 Bedroom Apartments
1366 York Ave
1366 York AveNew York, NY 10021
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1 Bedroom Apartments
524 W 169th St
524 W 169th StNew York, NY 10032
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Studio to 2 Bedroom Apartments
310 West Cozy
310 W 20th StNew York, NY 10011
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Studio to 2 Bedroom Apartments
20 LAUREL HILL TER
20 laurel Hill TerNew York, NY 10033
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1 to 2 Bedroom Apartments
266-68-270-72 Nagle Ave
266-68-270-72 Nagle AveNew York, NY 10034
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Studio to 3 Bedroom Apartments
35 West 65th Street
35 W 65th StNew York, NY 10023
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Studio to 2 Bedroom Apartments
116 John St
1 Platt StNew York, NY 10038
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Studio to 2 Bedroom Apartments
1548-1560 Saint Nicholas Ave
1548-1560 Saint Nicholas AveNew York, NY 10040
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Studio to 3 Bedroom Apartments
11 Hillside Avenue
11 Hillside AveNew York, NY 10040
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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Studio to 1 Bedroom Apartments
410 E 81st St
410 E 81st StNew York, NY 10028
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Studio to 1 Bedroom Apartments
214 W 102nd St
214 W 102nd StNew York, NY 10025
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Studio to 1 Bedroom Apartments
328 W 83rd St
328 W 83rd StNew York, NY 10024
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Studio to 2 Bedroom Apartments
418 East 81st Street
418 E 81st StNew York, NY 10028
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Studio Apartments
236-238 E 78th St
236-238 E 78th StNew York, NY 10075
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Studio to 3 Bedroom Apartments
239 East 53rd Street
239 E 53rd StNew York, NY 10022
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1 to 3 Bedroom Apartments
1,3,5 Post Avenue
1-5 Post AveNew York, NY 10034
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Studio to 2 Bedroom Apartments
97-99 Arden St
97-99 Arden StNew York, NY 10040
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1 to 2 Bedroom Apartments
111 Mott St
111 Mott StNew York, NY 10013
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Studio to 3 Bedroom Apartments
204 SHERMAN AVE
204-208 Sherman AveNew York, NY 10034
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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1 to 2 Bedroom Apartments
521 ISHAM ST
521 Isham StNew York, NY 10034
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2 Bedroom Apartments
501 W 168th St
501 W 168th StNew York, NY 10032
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Studio to 1 Bedroom Apartments
35 THAYER ST
35 Thayer StNew York, NY 10040
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1 Bedroom Apartments
118 POST AVE
118-128 Post AveNew York, NY 10034
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Studio to 1 Bedroom Apartments
165 E 87th St
165 E 87th StNew York, NY 10128
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Studio to 3 Bedroom Apartments
577 2nd Ave
577 Second AveNew York, NY 10016
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1 to 3 Bedroom Apartments
507-519 W 189th St
507-519 W 189th StNew York, NY 10040
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Studio Apartments
352 East 85th Street
352 E 85th StNew York, NY 10028
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1 to 2 Bedroom Apartments
463 W 159th St
463 W 159th StNew York, NY 10032
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Studio to 2 Bedroom Apartments
2783-2787 Broadway
2783-2787 BroadwayNew York, NY 10025
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.
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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 | $3,336 | $890 | $10,000+ |
| Cheap New York 1 Bedroom Apartments | $3,620 | $735 | $10,000+ |
| Cheap New York 2 Bedroom Apartments | $4,402 | $1,209 | $10,000+ |
| Cheap New York 3 Bedroom Apartments | $4,904 | $1,100 | $10,000+ |
| Cheap New York 4 Bedroom Apartments | $5,435 | $1,500 | $10,000+ |
| New York 5 Bedroom Apartments | $6,525 | $900 | $10,000+ |
| New York 6 Bedroom Apartments | $11,647 | $5,000 | $10,000+ |
| New York 7 Bedroom Apartments | $3,338 | $1,765 | $4,500 |
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
Cheapest Neighborhoods for Apartments in New York, NY
Pricing Updated: 09/20/2026Current apartment rentals in the New York, NY area range in price from $890 to $37,230 with an overall median price of $4,535. The three New York neighborhoods with the lowest median rent pricing are West Farms at $1,700, Norwood at $1,950, and Melrose at $2,000. 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 Farms | $1,700 | $1,700 | 1 |
| Norwood | $1,950 | $1,700 | 3 |
| Melrose | $2,000 | $1,600 | 3 |
| City Island | $2,250 | $1,800 | 5 |
| Tompkinsville | $2,250 | $2,100 | 2 |
| Edgewater Park | $2,275 | $1,800 | 6 |
| Throgs Neck | $2,275 | $1,800 | 5 |
| Todt Hill | $2,297 | $1,516 | 5 |
| Mariners Park | $2,355 | $1,017 | 66 |
| Graniteville | $2,400 | $1,850 | 14 |
Cheapest Available New York Apartments for Rent
The cheapest available apartment rental in New York, NY is a Studio unit found at 1154 Myrtle Ave in the Bedford Stuyvesant neighborhood priced from $40. Ruby Square in the Pomonok neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $300. Here is today’s list of the most affordable New York apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1154 Myrtle Ave | Studio, 1 bath | Studio, 1BA | $40 |
| Ruby Square | 2 BEDROOM 1.5 BATH | 2BR, 1BA | $300 |
| Mirador at Union City | 1 BR | 1BR, 1BA | $800 |
| Verrazano Garden Apartments | Studio | Studio, 1BA | $1,056 |
| 214 68th St | 1 Bed 1 Bath | 1BR, 1BA | $1,200 |
Best Value Apartments for Rent in New York, NY
As of September 20, 2026 the best value apartment in the New York area is the $1.00 price per square foot 472 Myrtle Ave Model at 472 Myrtle Ave, Unit RETAIL in the Downtown Brooklyn neighborhood starting from $6,500. The second greatest value New York apartment is the 62 Larch St Model at 62 Larch St in the Prince's Bay neighborhood starting at $1,950 with a $0.62 price per square foot. 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. |
|---|---|---|---|
| 472 Myrtle Ave, Unit RETAIL | 472 Myrtle Ave | 1BR, 1BA | $1.00 |
| 62 Larch St | 62 Larch St | 2BR, 1BA | $0.62 |
| 1154 Myrtle Ave | Studio, 1 bath | Studio, 1BA | $0.02 |
| 49 Maiden Ln, Unit 1 | 49 Maiden Ln | 3BR, 1.5BA | $1.19 |
| 140 E Jersey St, Unit 1 | 140 E Jersey St | 3BR, 1BA | $1.07 |
| 779 Montgomery St | 779 Montgomery St | Studio, 1BA | $0.60 |
| 540 Mercer St | 540 Mercer St | 1BR, 1BA | $0.75 |
| 59 Vroom St | 59 Vroom St | 1BR, 1BA | $0.74 |
| 292 Claremont Ave, Unit 3 Bedroom 1 Bathroom Units | 292 Claremont Ave | 3BR, 1BA | $1.15 |
| 220 New York Ave, Unit 1fl | 220 New York Ave | 3BR, 2BA | $1.00 |
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.
Read ArticleNavigating 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 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.
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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.
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
Do you know the New York area?
Let everyone know!
Write a Review
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 $1,200.
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 $4,535.
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 596 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 $641 which is $3,894 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.
How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
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.