Cheap Apartments for Rent in New York, NY from $300 (618 Rentals)

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

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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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.

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property at 2254 2nd Ave

2254 2nd Ave

New YorkNY10029

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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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

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Written By:
Trey Huguley
Director, Product Marketing

Cheapest Neighborhoods for Apartments in New York, NY

Pricing Updated: 05/11/2025

Current apartment rentals in the New York, NY area range in price from $725 to $55,000 with an overall median price of $8,613. The three New York neighborhoods with the lowest median rent pricing are Eltingville at $1,500, Charleston at $1,400, and New Dorp Beach at $1,700. 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
Eltingville$1,500$1,5001
Charleston$1,650$1,4002
New Dorp Beach$1,700$1,7003
Heartland Village$1,800$1,8001
New Springville$1,800$1,8001
Dongan Hills$1,850$1,7002
Midland Beach$1,850$1,7002
South Beach Old Town$2,000$2,0001
Ollinville$2,125$2,0854
Van Nest$2,125$1,1005

Cheapest Available New York Apartments for Rent

 

The cheapest available apartment rental in New York, NY is a Studio unit found at 140 Riverside Boulevard in the West Side neighborhood priced from $410. Ventnor Flatz in the Prospect Park neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $800. Here is today’s list of the most affordable New York apartments for rent:

Apartment ListingModel NameBed/BathPriced From
140 Riverside BoulevardAlcove StudioStudio,1BA$410
Ventnor Flatz2 Bedroom/1 Bath2BR,1BA$800
Park Lane at Sea ViewStudioStudio,1BA$1,120
Senior Horizon1 Bedroom 1 Bathroom1BR,1BA$1,141
Englewood Properties3 Room 1 Bedroom1BR,1BA$1,153

Best Value Apartments for Rent in New York, NY

As of May 12, 2025 the best value apartment in the New York area is the $0.27 price per square foot 408 Niles St Model at 408 Niles St, Unit Apt 2 in the in the Peterstown neighborhood starting from $2,700. The second greatest value New York apartment is the 16 Delaware St Model at 16 Delaware St, Unit 16 delaware st starting at $2,300 with a $0.23 price per square foot in the Elizabeth Port 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.
408 Niles St, Unit Apt 2408 Niles St3BR,2BA$0.27
16 Delaware St, Unit 16 delaware st16 Delaware St3BR,1BA$0.23
346 Arlington Ave, Unit 346 Arlington Ave346 Arlington Ave5BR,5BA$0.65
1523 E 29th St, Unit Furnishedapartment1523 E 29th St3BR,1BA$1.14
8 Morris Cres, Unit 3 FL8 Morris Cres1BR,1BA$0.65
956 William St956 William St3BR,1BA$1.18
540 Mercer St540 Mercer St1BR,1BA$0.55
397 Chadwick Ave, Unit 1397 Chadwick Ave2BR,1BA$1.20
678 Communipaw Ave678 Communipaw AveStudio ,1BA$1.00
Ventnor Flatz2 Bedroom/1 Bath2BR,1BA$0.94

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

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

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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 140 Riverside Boulevard listed at $410.

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

The lowest price for a Cheap One Bedroom New York Apartment is $1,141 at Senior Horizon.

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.

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.

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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.

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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.