
Cheap Apartments for Rent in New York, NY from $300 (398 Rentals)
Search the lowest-cost Apartments available for rent right now in New York.


The Carolina

Sendero Verde - Affordable

34 Hillside Ave

Lenox Terrace

216 E 83rd St

1630-1636 Park Ave

147 E 30th St

Douglass Park

St Nicholas Park Apartments
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.

Allendale Apartments

407 E 88th St

14 St Marks Pl

101-105 W 133rd St

James Lenox House- 55 and Over- NYC Residents

157-159 Vermilyea Ave

156 Sherman Ave

160 East 107

1366 York Ave

524 W 169th St
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.

310 West Cozy

20 LAUREL HILL TER

266-68-270-72 Nagle Ave

35 West 65th Street

116 John St

1548-1560 Saint Nicholas Ave

418 East 81st Street

236-238 E 78th St

11 Hillside Avenue

410 E 81st St
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.

214 W 102nd St

328 W 83rd St

The Willows at Glassworks

62 Dehart Pl, Unit 2

41 Leick Ave

940 E 181st St

Kings Plaza

138 9th St, Unit Roommate

603 Garfield Ave, Unit 1

248 Lawrence Ave
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.

The Astra - Income Restricted

Portside II

Whitney Young Manor

138-139 9th St

688 Communipaw Ave

Bayshore Village (62+)

531 Richmond St, Unit 1

121 Washington Ave, Unit Efficiency Apartment

84-13 90th St

750 Irving Pl
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.
New York, NY Local Guide

How much does it cost to rent an apartment in New York?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap New York Studio Apartments | $3,169 | $800 | $10,000+ |
| Cheap New York 1 Bedroom Apartments | $3,417 | $700 | $10,000+ |
| Cheap New York 2 Bedroom Apartments | $4,148 | $1,209 | $10,000+ |
| Cheap New York 3 Bedroom Apartments | $4,529 | $1,200 | $10,000+ |
| Cheap New York 4 Bedroom Apartments | $5,058 | $1,640 | $10,000+ |
| New York 5 Bedroom Apartments | $10,489 | $2,995 | $10,000+ |
| New York 6 Bedroom Apartments | $9,450 | $9,450 | $9,450 |
| New York 7 Bedroom Apartments | $8,757 | $4,200 | $10,000+ |
Browse Top Apartments in New York
See all Apartments in New YorkExplore New York

New York, NY Local Guide

- New York Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in New York, NY
Pricing Updated: 01/17/2026Current apartment rentals in the New York, NY area range in price from $700 to $60,000 with an overall median price of $7,180. The three New York neighborhoods with the lowest median rent pricing are Manhattan Beach at $1,500, Great Kills at $1,300, and Throgs Neck at $1,750. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for New York Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Manhattan Beach | $1,500 | $1,500 | 1 |
| Great Kills | $1,650 | $1,300 | 4 |
| Throgs Neck | $1,750 | $1,750 | 1 |
| Annadale | $1,800 | $1,500 | 3 |
| Bronxwood | $2,053 | $2,000 | 2 |
| Hunt's Point | $2,100 | $2,100 | 1 |
| Eltingville | $2,200 | $1,500 | 4 |
| Richmond Town | $2,200 | $1,300 | 3 |
| North Riverdale | $2,300 | $1,725 | 8 |
| Morris Park | $2,450 | $1,700 | 3 |
Cheapest Available New York Apartments for Rent
 The cheapest available apartment rental in New York, NY is a 1 Bed unit found at Harlem Place 1 in the Hamilton Heights neighborhood priced from $700. 41 Leick Ave in the Arden Heights neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here is today’s list of the most affordable New York apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Harlem Place 1 | 1 Bedroom | 1BR,1BA | $700 |
| 41 Leick Ave | Studio, 1 bath | Studio,1BA | $800 |
| Bay Plaza | Unit C | Studio,1BA | $950 |
| The Astra - Income Restricted | Studio | Studio,1BA | $1,013 |
| Markham Gardens | 2 Bedroom | 2BR,1BA | $1,025 |
| Whitney Young Manor | Studio | Studio,1BA | $1,039 |
Best Value Apartments for Rent in New York, NY
As of January 17, 2026 the best value apartment in the New York area is the $0.20 price per square foot 6915 171st St Model at 6915 171st St, Unit Basement, 1 Bedroom in the in the Hill Crest neighborhood starting from $2,000. The second greatest value New York apartment is the 350 Arlington Ave Model at 350 Arlington Ave starting at $2,500 with a $0.25 price per square foot in the Martin Luther King-Bergen neighborhood. Here is today’s list of the best values for New York apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 6915 171st St, Unit Basement, 1 Bedroom | 6915 171st St | 1BR,1BA | $0.20 |
| 350 Arlington Ave | 350 Arlington Ave | 1BR,1.5BA | $0.25 |
| 322 Westfield Ave, Unit 2 | 322 Westfield Ave | 4BR,1BA | $0.27 |
| 132 Heald St | 132 Heald St | 3BR,1BA | $0.28 |
| 123 Liberty St, Unit 3 | 123 Liberty St | 3BR,1BA | $0.53 |
| 487 Mercer St, Unit 2nd Fl Apt | 487 Mercer St | 3BR,1BA | $0.54 |
| 1117 Chestnut St, Unit 1 | 1117 Chestnut St | 3BR,2BA | $0.92 |
| 779 Montgomery St | 779 Montgomery St | Studio ,1BA | $0.60 |
| 59 Vroom St | 59 Vroom St | Studio ,1BA | $0.60 |
| 688 Communipaw Ave | 688 Communipaw Ave | Studio ,1BA | $0.71 |
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.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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 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.
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
See the most popular apartments and homes in New York, NY
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 $1,039.
What is the price of a cheap apartment in New York?
The cheapest apartment in New York is Harlem Place 1 which is listed at $700, while the average apartment in New York costs $7,180.
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 1,030 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 $873 which is $6,307 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

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.
Articles, How-To's, and Tips

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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