Cheap Apartments for Rent in New York, NY from $300 (421 Rentals)
Search the lowest-cost Apartments available for rent right now in New York.

Furnished room/NOT APARTMENT

Furnished room/NOT APARTMENT

James Lenox House- 55 and Over- NYC Residents

The Willows at Glassworks

Kings Plaza

BROOKHAVEN AVENUE - ROOM RENTAL

Furnished room/NOT APARTMENT

Portside II

Furnished room/NOT APARTMENT

Furnished room/NOT APARTMENT

Furnished room/NOT APARTMENT

Whitney Young Manor

Verrazano Garden Apartments

138 9th St

Bayshore Village (62+)
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 | $3,413 | $850 | $10,000+ |
Cheap New York 1 Bedroom Apartments | $3,748 | $735 | $10,000+ |
Cheap New York 2 Bedroom Apartments | $4,667 | $1,188 | $10,000+ |
Cheap New York 3 Bedroom Apartments | $5,626 | $1,050 | $10,000+ |
Cheap New York 4 Bedroom Apartments | $6,422 | $1,000 | $10,000+ |
New York 5 Bedroom Apartments | $7,523 | $1,020 | $10,000+ |
New York 6 Bedroom Apartments | $9,058 | $6,500 | $10,000+ |
New York 7 Bedroom Apartments | $15,350 | $2,700 | $10,000+ |
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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: 07/31/2025Current 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:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Bulls Head | $1,500 | $1,500 | 1 |
Emerson Hill | $1,500 | $1,500 | 1 |
West Brighton | $1,848 | $1,516 | 1 |
West Farms | $1,945 | $1,945 | 1 |
New Springville | $2,295 | $1,500 | 1 |
Morrisania | $2,400 | $1,700 | 1 |
Annadale | $2,400 | $2,000 | 2 |
Mariners Park | $2,400 | $1,017 | 48 |
Hunt's Point | $2,575 | $1,250 | 4 |
Norwood | $2,575 | $1,700 | 6 |
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Ventnor Flatz | 2 Bedroom/1 Bath | 2BR,1BA | $800 |
Markham Gardens | 1 Bedroom | 1BR,1BA | $848 |
Whitney Young Manor | Studio | Studio,1BA | $1,039 |
Verrazano Garden Apartments | 1089 Studio | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
234 Clark Pl, Unit 2R | 234 Clark Pl | 1BR,1BA | $0.17 |
86 Prospect St, Unit #1 | 86 Prospect St | 4BR,2BA | $0.40 |
200 Lt Glenn Zamorski Dr, Unit Huge and beautiful house | 200 Lt Glenn Zamorski Dr | 3BR,2BA | $0.44 |
542 Van Siclen Ave, Unit 2R | 542 Van Siclen Ave | 3BR,1BA | $0.55 |
140 E Jersey St, Unit 1 | 140 E Jersey St | 3BR,1BA | $1.10 |
688 Communipaw Ave | 688 Communipaw Ave | Studio ,1BA | $0.55 |
2522 Bedford Ave, Unit 2C | 2522 Bedford Ave | 3BR,1BA | $0.80 |
138 9th St, Unit Roommate | 138 9th St | 1BR,1BA | $1.17 |
Ventnor Flatz | 2 Bedroom/1 Bath | 2BR,1BA | $0.94 |
Markham Gardens | 1 Bedroom | 1BR,1BA | $1.22 |
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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
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 $1,040.
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.

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.

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.

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.

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.