Cheap Apartments for Rent in New York, NY from $300 (421 Rentals)

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The Carolina
Studio to 3 Bedroom Apartments

The Carolina

1465 Park AveNew York, NY 10029
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34 Hillside Ave
Studio to 1 Bedroom Apartments

34 Hillside Ave

34-64 Hillside AveNew York, NY 10040
Senior Living
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216 E 83rd St
1 Bedroom Apartments

216 E 83rd St

216 E 83rd StNew York, NY 10028
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1630-1636 Park Ave
Studio to 2 Bedroom Apartments

1630-1636 Park Ave

1630-1636 Park AveNew York, NY 10029
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147 E 30th St
Studio to 2 Bedroom Apartments

147 E 30th St

147 E 30th StNew York, NY 10016
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Douglass Park
1 to 3 Bedroom Apartments

Douglass Park

300 W 128th StNew York, NY 10027
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Allendale Apartments
2 Bedroom Apartments

Allendale Apartments

808 West End AveNew York, NY 10025
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407 E 88th St
Studio to 1 Bedroom Apartments

407 E 88th St

407 E 88th StNew York, NY 10128
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101-105 W 133rd St
Studio Apartments

101-105 W 133rd St

101-105 W 133rd StNew York, NY 10030
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157-159 Vermilyea Ave
1 Bedroom Apartments

157-159 Vermilyea Ave

157-159 Vermilyea AveNew York, NY 10034
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156 Sherman Ave
1 Bedroom Apartments

156 Sherman Ave

156 Sherman AveNew York, NY 10034
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160 East 107
1 Bedroom Apartments

160 East 107

160 E 107th StNew York, NY 10029
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1366 York Ave
1 Bedroom Apartments

1366 York Ave

1366 York AveNew York, NY 10021
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524 W 169th St
1 Bedroom Apartments

524 W 169th St

524 W 169th StNew York, NY 10032
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310 West Cozy
Studio Apartments

310 West Cozy

310 W 20th StNew York, NY 10011
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20 LAUREL HILL TER
Studio Apartments

20 LAUREL HILL TER

20 laurel Hill TerNew York, NY 10033
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266-68-270-72 Nagle Ave
1 Bedroom Apartments

266-68-270-72 Nagle Ave

266-68-270-72 Nagle AveNew York, NY 10034
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35 West 65th Street
Studio Apartments

35 West 65th Street

35 W 65th StNew York, NY 10023
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116 John St
Studio to 2 Bedroom Apartments

116 John St

1 Platt StNew York, NY 10038
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328 W 83rd St
Studio Apartments

328 W 83rd St

328 W 83rd StNew York, NY 10024
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418 East 81st Street
1 Bedroom Apartments

418 East 81st Street

418 E 81st StNew York, NY 10028
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11 Hillside Avenue
1 Bedroom Apartments

11 Hillside Avenue

11 Hillside AveNew York, NY 10040
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410 E 81st St
Studio Apartments

410 E 81st St

410 E 81st StNew York, NY 10028
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214 W 102nd St
Studio to 1 Bedroom Apartments

214 W 102nd St

214 W 102nd StNew York, NY 10025
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New York, NY Local Guide

Photo of Trey Huguley - Director, Product Marketing
Written By:
Trey Huguley
Director, Product Marketing

Cheapest Neighborhoods for Apartments in New York, NY

Pricing Updated: 07/31/2025

Current apartment rentals in the New York, NY area range in price from $890 to $60,000 with an overall median price of $6,600. The three New York neighborhoods with the lowest median rent pricing are Bulls Head at $1,500, Emerson Hill at $1,500, and West Brighton at $1,516. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for New York Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Bulls Head$1,500$1,5001
Emerson Hill$1,500$1,5001
West Brighton$1,848$1,5161
West Farms$1,945$1,9451
New Springville$2,295$1,5001
Morrisania$2,400$1,7001
Annadale$2,400$2,0002
Mariners Park$2,400$1,01748
Hunt's Point$2,575$1,2504
Norwood$2,575$1,7006

Cheapest Available New York Apartments for Rent

 

The cheapest available apartment rental in New York, NY is a 2 Beds unit found at Ventnor Flatz in the Prospect Park neighborhood priced from $800. Markham Gardens in the Grymes Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $848. Here is today’s list of the most affordable New York apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ventnor Flatz2 Bedroom/1 Bath2BR,1BA$800
Markham Gardens1 Bedroom1BR,1BA$848
Whitney Young ManorStudioStudio,1BA$1,039
Verrazano Garden Apartments1089 StudioStudio,1BA$1,040

Best Value Apartments for Rent in New York, NY

As of July 31, 2025 the best value apartment in the New York area is the $0.17 price per square foot 234 Clark Pl Model at 234 Clark Pl, Unit 2R in the in the Elizabeth Port neighborhood starting from $1,650. The second greatest value New York apartment is the 86 Prospect St Model at 86 Prospect St, Unit #1 starting at $4,000 with a $0.40 price per square foot in the The Heights neighborhood. Here is today’s list of the best values for New York apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
234 Clark Pl, Unit 2R234 Clark Pl1BR,1BA$0.17
86 Prospect St, Unit #186 Prospect St4BR,2BA$0.40
200 Lt Glenn Zamorski Dr, Unit Huge and beautiful house200 Lt Glenn Zamorski Dr3BR,2BA$0.44
542 Van Siclen Ave, Unit 2R542 Van Siclen Ave3BR,1BA$0.55
140 E Jersey St, Unit 1140 E Jersey St3BR,1BA$1.10
688 Communipaw Ave688 Communipaw AveStudio ,1BA$0.55
2522 Bedford Ave, Unit 2C2522 Bedford Ave3BR,1BA$0.80
138 9th St, Unit Roommate138 9th St1BR,1BA$1.17
Ventnor Flatz2 Bedroom/1 Bath2BR,1BA$0.94
Markham Gardens1 Bedroom1BR,1BA$1.22

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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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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!

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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

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 $1,040.

What is the price of a cheap apartment in New York?

The cheapest apartment in New York is Markham Gardens which is listed at $848, while the average apartment in New York costs $6,600.

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 394 regular apartments in New York that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

decorative image for The 10 Best Affordable Neighborhoods for Renting in New York City article

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.