Cheap 2 Bedroom Apartments for Rent in New York, NY from $1,188 (60 Rentals) Page 2 of 2
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.
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.
New York, NY Local Guide

How much does it cost to rent an apartment in New York?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
New York Studio Apartments | $3,401 | $650 | $10,000+ |
New York 1 Bedroom Apartments | $3,700 | $735 | $10,000+ |
New York 2 Bedroom Apartments | $4,487 | $1,188 | $10,000+ |
New York 3 Bedroom Apartments | $5,115 | $1,000 | $10,000+ |
New York 4 Bedroom Apartments | $6,402 | $1,320 | $10,000+ |
New York 5 Bedroom Apartments | $7,583 | $1,410 | $10,000+ |
New York 6 Bedroom Apartments | $8,295 | $1,500 | $10,000+ |
New York 7 Bedroom Apartments | $10,908 | $10,000 | $10,000+ |
Explore New York
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 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 Heritage Village at Elizabeth, 62+ Community which is listed at $1,480, while the average apartment in New York costs $6,807.
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 443 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 $653 which is $6,154 cheaper than the average rent for all rentals in New York.
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.