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Studio to 2 Bedroom Apartments
29 Howard Street
29 Howard StNew York, NY 10013
Cheap Apartments for Rent in the Lower Manhattan Neighborhood of New York, NY from $1,500 (563 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lower Manhattan area of New York.
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1 to 3 Bedroom Apartments
250 Bowery
250 BoweryNew York, NY 10012
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Studio Apartments
42 Allen St
42 Allen StNew York, NY 10002
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Studio to 1 Bedroom Apartments
Ice House Condominiums
354 Broome StNew York, NY 10013
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2 Bedroom Apartments
182 Mulberry St
182 Mulberry StNew York, NY 10012
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Studio Apartments
463-465 Broadway
463-465 BroadwayNew York, NY 10013
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2 to 3 Bedroom Apartments
199 Mott St
199 Mott StNew York, NY 10012
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Studio Apartments
514-516 Broadway
514-516 BroadwayNew York, NY 10012
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1 to 3 Bedroom Apartments
133 Mulberry St
133 Mulberry StNew York, NY 10013
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Studio Apartments
109-111 Prince St
109-111 Prince StNew York, NY 10012
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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2 Bedroom Apartments
123-129 Baxter St
123-129 Baxter StNew York, NY 10013
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Studio Apartments
36-44 Delancey St
36-44 Delancey StNew York, NY 10002
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Studio Apartments
108-114 Wooster St
108-114 Wooster StNew York, NY 10012
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Studio Apartments
42 Crosby St
42 Crosby StNew York, NY 10012
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1 Bedroom Apartments
215 Chrystie St
215 Chrystie StNew York, NY 10002
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Studio Apartments
One Kenmare Square
210 Lafayette StNew York, NY 10012
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2 Bedroom Apartments
200 Bowery Street
198-200 BoweryNew York, NY 10012
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1 to 2 Bedroom Apartments
446 Broome St
451 Broome StNew York, NY 10013
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Studio Apartments
139 Spring St
139 Spring StNew York, NY 10012
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Studio Apartments
109 Mercer St
109 Mercer StNew York, NY 10012
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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Studio Apartments
114-116 Greene St
114-116 Greene StNew York, NY 10012
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Studio Apartments
102-104 Wooster St
102-104 Wooster StNew York, NY 10012
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Studio to 1 Bedroom Apartments
Soho Centre Condominium
221-225 Centre StNew York, NY 10013
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1 Bedroom Apartments
57-63 Greene St
57-63 Greene StNew York, NY 10012
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Studio Apartments
118 Greene St
118 Greene StNew York, NY 10012
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1 Bedroom Apartments
443 Broadway
443 BroadwayNew York, NY 10013
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Studio Apartments
259 Elizabeth St
259 Elizabeth StNew York, NY 10012
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2 to 3 Bedroom Apartments
Cooperative
106-112 Spring StNew York, NY 10012
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Studio Apartments
255 Bowery
255 BoweryNew York, NY 10002
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1 Bedroom Apartments
211 Elizabeth St
211 Elizabeth StNew York, NY 10012
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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2 to 6 Bedroom Apartments
476 Broome St
476 Broome StNew York, NY 10013
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Studio Apartments
101-105 Greene St
101-105 Greene StNew York, NY 10012
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Studio Apartments
60 Spring St
60 Spring StNew York, NY 10012
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1 Bedroom Apartments
35 E 1st St
35 E 1st StNew York, NY 10003
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Studio Apartments
224 Mulberry St
224 Mulberry StNew York, NY 10012
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Studio Apartments
181 Hester St
181 Hester StNew York, NY 10013
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1 to 2 Bedroom Apartments
Nolita Place
199 BoweryNew York, NY 10002
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Studio Apartments
519 Broadway
519 BroadwayNew York, NY 10012
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Studio Apartments
75 Kenmare St
75 Kenmare StNew York, NY 10012
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Studio Apartments
204 Forsyth St
204 Forsyth StNew York, NY 10002
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.
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Studio to 1 Bedroom Apartments
37 Crosby St
37 Crosby StNew York, NY 10013
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Studio Apartments
207 Bowery
207 BoweryNew York, NY 10002
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1 to 3 Bedroom Apartments
235 Elizabeth Street
235 Elizabeth StNew York, NY 10012
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2 Bedroom Apartments
Forward Building
175 E BroadwayNew York, NY 10002
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Studio Apartments
234 Mulberry St
234 Mulberry StNew York, NY 10012
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Studio Apartments
Green House Condominiums
93-99 Greene StNew York, NY 10012
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1 Bedroom Apartments
215 Bowery
215 BoweryNew York, NY 10002
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Studio Apartments
116-118 Wooster St
116-118 Wooster StNew York, NY 10012
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1 Bedroom Apartments
8-14 Prince St
8-14 Prince StNew York, NY 10012
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1 Bedroom Apartments
227 Mott St
227 Mott StNew York, NY 10012
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.
Lower Manhattan, New York, NY Local Guide
How much does it cost to rent an apartment in Lower Manhattan?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lower Manhattan Studio Apartments | $6,790 | $2,575 | $8,500 |
| Lower Manhattan 1 Bedroom Apartments | $6,005 | $2,800 | $10,000+ |
| Lower Manhattan 2 Bedroom Apartments | $7,718 | $4,000 | $10,000+ |
| Lower Manhattan 3 Bedroom Apartments | $9,967 | $5,712 | $10,000+ |
| Lower Manhattan 4 Bedroom Apartments | $16,500 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 563 rentals with your search options within a 2 mile radius of the Lower Manhattan Neighborhood of New York, NY.
See all Apartments in New YorkExplore New York
Lower Manhattan, New York, NY Local Guide
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Cheapest Available Lower Manhattan Apartments for Rent
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Freeman Residences | Studio | Studio,1BA | $5,500 |
Best Value Apartments for Rent in Lower Manhattan, NY
As of May 11, 2026 the best value apartment in the Lower Manhattan area is the $8.05 price per square foot 70 Mercer St Model at 70 Mercer St, Unit 4W in the in the Downtown neighborhood starting from $16,500. The second greatest value Lower Manhattan apartment is the One Bedroom Model at Freeman Residences starting at $8,500 with a $10.00 price per square foot in the Downtown neighborhood. Here is today’s list of the best values for Lower Manhattan apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 70 Mercer St, Unit 4W | 70 Mercer St | 4BR,3BA | $8.05 |
| Freeman Residences | One Bedroom | 1BR,2BA | $10.00 |
| 349 Grand St | 349 Grand St | 1BR,1BA | $9.17 |
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 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.
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If you’re an expert on all things Lower Manhattan, tell us what you love (and don't) by rating it and writing a review.
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Best Local Schools in Lower Manhattan, New York, NY
Pace High School
New York City Geographic District 2 Manhattan
Public School - Grades 9-12 (499)
3 out of 10
School data provided by Great Schools
Frequently Asked Questions about Cheap Lower Manhattan Apartments
What is the Cheapest Studio apartment in Lower Manhattan?
Currently the most affordable Cheap Studio Apartment in Lower Manhattan is at Freeman Residences listed at $5,500.
How much is rent for a Cheap One Bedroom Lower Manhattan Apartment?
The lowest price for a Cheap One Bedroom Lower Manhattan Apartment is $8,500 at Freeman Residences.
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
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.
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.
The Local NYC Experts 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.
The Unofficial NYC Playbook: An Insiders 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.
Articles, How-To's, and Tips
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.