Cheap Apartments for Rent in New York, NY from $300 (393 Rentals)

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Search the lowest-cost Apartments available for rent right now in New York.

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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
  • Utilities Included
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Harlem Place 1
1 Bedroom Apartments

Harlem Place 1

511 W 145th StNew York, NY 10031
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Lenox Terrace
Studio to 3 Bedroom Apartments

Lenox Terrace

484 Lenox AveNew York, NY 10037
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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
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Allendale Apartments
1 to 3 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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14 St Marks Pl
Studio Apartments

14 St Marks Pl

14 St Marks PlNew York, NY 10003
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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 to 2 Bedroom Apartments

157-159 Vermilyea Ave

157-159 Vermilyea AveNew York, NY 10034
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156 Sherman Ave
1 to 2 Bedroom Apartments

156 Sherman Ave

156 Sherman AveNew York, NY 10034
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160 East 107
1 to 3 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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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.

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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 to 2 Bedroom Apartments

310 West Cozy

310 W 20th StNew York, NY 10011
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20 LAUREL HILL TER
Studio to 2 Bedroom Apartments

20 LAUREL HILL TER

20 laurel Hill TerNew York, NY 10033
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266-68-270-72 Nagle Ave
1 to 2 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 to 3 Bedroom 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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418 East 81st Street
Studio to 2 Bedroom Apartments

418 East 81st Street

418 E 81st StNew York, NY 10028
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11 Hillside Avenue
Studio to 3 Bedroom Apartments

11 Hillside Avenue

11 Hillside AveNew York, NY 10040
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Cash 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.

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410 E 81st St
Studio to 1 Bedroom 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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328 W 83rd St
Studio to 1 Bedroom Apartments

328 W 83rd St

328 W 83rd StNew York, NY 10024
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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.

The Unofficial NYC Playbook: An Insider's Guide to Where to Eat, Roam, and Find Your Home in the City That Never Sleeps

Moving to NYC? Go beyond the landmarks. Our local expert shares an insider's guide to New York City's neighborhoods, finding your rhythm, and making the city feel like home.

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: 05/15/2026

Current apartment rentals in the New York, NY area range in price from $250 to $37,950 with an overall median price of $5,757. The three New York neighborhoods with the lowest median rent pricing are Hunt's Point at $2,100, Bulls Head at $1,400, and Norwood at $1,700. 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
Hunt's Point$2,100$2,1001
Bulls Head$2,150$1,4002
Norwood$2,450$1,7004
Annadale$2,500$1,6951
Unionport$2,600$2,6002
Neponsit & Belle$2,600$2,2002
Travis Chelsea$2,714$1,40093
Arden Heights$2,719$1,40089
Mott Haven$2,762$2,3002
Elm Park$2,850$2,8501

Cheapest Available New York Apartments for Rent

 

The cheapest available apartment rental in New York, NY is a 1 Bed unit found at Markham Gardens in the Grymes Hill neighborhood priced from $848. Ventnor Flatz in the Prospect Park neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $850. Here is today’s list of the most affordable New York apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Markham Gardens1 Bedroom1BR,1BA$848
Ventnor Flatz2 Bedroom/1 Bath2BR,1BA$850
Whitney Young ManorStudioStudio,1BA$1,039
Heritage Village at Elizabeth, 62+ Community1 Bedroom1BR,1BA$1,229
Bayshore Village (62+)2 Beds, 1 bath2BR,1BA$1,291

Best Value Apartments for Rent in New York, NY

As of May 15, 2026 the best value apartment in the New York area is the $1.00 price per square foot 472 Myrtle Ave Model at 472 Myrtle Ave, Unit RETAIL in the in the Downtown Brooklyn neighborhood starting from $6,500. The second greatest value New York apartment is the 1250 Woodfield Rd Model at 1250 Woodfield Rd, Unit 3 starting at $3,500 with a $1.17 price per square foot in the Lakeview 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.
472 Myrtle Ave, Unit RETAIL472 Myrtle Ave1BR,1BA$1.00
1250 Woodfield Rd, Unit 31250 Woodfield Rd3BR,1BA$1.17
109 Park St, Unit 1109 Park St1BR,1BA$0.88
236 Sherman Ave, Unit 1236 Sherman Ave3BR,2BA$0.96
42 McAdoo Ave, Unit Unit 242 McAdoo Ave3BR,1BA$0.99
540 Mercer St540 Mercer St1BR,1BA$0.65
Bayshore Village (62+)2 Beds, 1 bath2BR,1BA$1.34
Ventnor Flatz2 Bedroom/1 Bath2BR,1BA$1.00
855 E 55th St, Unit Shared Apartment For Rent855 E 55th St1BR,1BA$1.41
Markham Gardens1 Bedroom1BR,1BA$1.22

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.

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Don'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.

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A 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

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Real 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.

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Quick 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.

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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!

Explore New York, NY Rentals by Map

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New York, NY Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Virginia4+ years in New York

October 16, 2025

Good 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 $1,291.

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 $5,757.

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 670 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 $921 which is $4,836 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

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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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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.

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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.

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The Unofficial NYC Playbook: An Insiders Guide to Where to Eat, Roam, and Find Your Home in the City That Never Sleeps

Written by: Joshua Carlucci

Every block of New York City feels like a stage set for daily life.

Articles, How-To's, and Tips

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.