
Cheap 3 Bedroom Apartments for Rent in New York, NY from $1,397 (43 Rentals)


Sendero Verde - Affordable

503 W 176th St

507 W 184th St

283 Audubon Ave

518-520 W 184th St

516-520 W 188th St

Portside II
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Total Monthly Price
13 Schaefer St, Unit 1 room inshared 3 bedroom

47 Tier St

The Willows at Glassworks

494 West Side Ave

275 Ridgewood Ave, Unit 1

Venice Court

184 Seaview Ave

Riverwalk Park
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Portside Commons Westport Homes

1819 BEVERLY RD

OVM Affordable

603 Elizabeth Avenue

Horizon Heights

730 NORTH AVENUE

225 Thomas S Boyland Street

354-358 Bergen Ave
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179 LINDEN BLVD

1312 Bushwick Ave

The Liberty

Liberty Place at Fort Lee

Marineview East & West

Waters Edge Crescent

Greens at Avenel

304 Ege Ave
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

101 Broadway

274 Monticello

618 East NY Ave Apartments

Cambridge Hall

4809-4813 Broadway

1861 John F Kennedy Blvd

1414 Wythe Place

2710 Valentine Ave
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The Branton

SEXY 3 BR FOR A GREAT DEAL!!!

1671 Lincoln Place
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 | $3,283 | $890 | $10,000+ |
| New York 1 Bedroom Apartments | $3,555 | $735 | $10,000+ |
| New York 2 Bedroom Apartments | $4,357 | $1,209 | $10,000+ |
| New York 3 Bedroom Apartments | $4,828 | $1,397 | $10,000+ |
| New York 4 Bedroom Apartments | $5,446 | $1,200 | $10,000+ |
| New York 5 Bedroom Apartments | $5,358 | $900 | $10,000+ |
| New York 6 Bedroom Apartments | $12,156 | $5,000 | $10,000+ |
| New York 7 Bedroom Apartments | $3,750 | $3,750 | $3,750 |
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New York, NY Local Guide
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The Local NYC Expert's Guide to the Perfect Neighborhoods Near Top Employers
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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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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New York, NY Area Reviews
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 Venice Court which is listed at $1,899, while the average apartment in New York costs $4,344.
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 504 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 $741 which is $3,603 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.

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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

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