Cheap Homes for Rent in Alphabet City Neighborhood of New York, NY from $1,800 (21 Rentals)

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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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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.

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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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Alphabet City, New York, NY Local Guide

Cheapest Available Alphabet City Apartments for Rent

 

The cheapest available apartment rental in the Alphabet City area of New York, NY is a Studio unit found at 518 East 5th Street priced from $2,550. 197 E 4th St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $3,300. Here are the most affordable Alphabet City apartments for rent in New York, NY:

Apartment ListingModel NameBed/BathPriced From
518 East 5th Street518 EAST 5TH STREET - 2 ROOM STUDIO / 1 BATHStudio,1BA$2,550
197 E 4th St1 bed/ 1bath1BR,1BA$3,300
Niko East Village1 Bedroom / 1 Bathroom1BR,1BA$4,075
Stella LES9B - Studio/1BA, TerraceStudio,1BA$4,600

Best Value Apartments for Rent in Alphabet City, NY

As of July 28, 2025 the best value apartment in the Alphabet City area is the $5.11 price per square foot 9B - Studio/1BA, Terrace Model at Stella LES in the in the Downtown neighborhood starting from $4,600. The second greatest value Alphabet City apartment is the 3 Bed/1.5 Bath Model at 197 E 4th St starting at $7,000 with a $7.78 price per square foot in the Gramercy-Flatiron neighborhood. Here is today’s list of the best values for Alphabet City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Stella LES9B - Studio/1BA, TerraceStudio ,1BA$5.11
197 E 4th St3 Bed/1.5 Bath3BR,1.5BA$7.78
Niko East Village1 Bedroom / 1 Bathroom1BR,1BA$7.09
518 East 5th Street518 EAST 5TH STREET - 2 ROOM STUDIO / 1 BATHStudio ,1BA$12.75

Quick Rent Budget Calculator

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Frequently Asked Questions about Alphabet City

What type of rentals are currently available in Alphabet City?

There are currently 1081 Apartments for Rent in Alphabet City, NY with pricing that ranges from $2,525 to $17,960. There are also 234 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alphabet City ranging from $1,830 to $8,999.

What is the current price range for Rental Homes in Alphabet City?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Alphabet City ranges from $1,830 to $8,999 with an average monthly rent of $3,688.

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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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.

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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.

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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.