
Cheap New Apartments for Rent in New York, NY from $735 (93 Rentals)
Search the lowest-cost Apartments available for rent right now in New York.


The Carolina

Sendero Verde - Affordable

RH 532 WEST 159 STREET LP.

The Willows at Glassworks

Mirador at Union City

The Agnes Co-Living

Bayshore Village (62+)

Jacobs Landing

Furnished Micro Studios
Beyond the Bridges: Brooklyn, Queens, Jersey City, and the Other Smart Moves for NYC Renters
Looking for apartments outside Manhattan? See average rent, commute times, and neighborhood pros for Brooklyn, Queens, Staten Island, Jersey City, and Yonkers.

St Georges Crescent

The Park

The Post on Fort

The Station Apartments

Le Leo Co-Living

30-32 McAdoo Ave - ASK ABOUT OUR RENT SPECIAL

Cove on the Bay

The Equestrian At Pelham Parkway

The Arthur

Meridia Roselle Park 10
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Looking for the perfect new rental? Learn great ways to spot the perfect apartment for you, identify common red flags, and avoid rental issues and scams with these expert provided actionable tips.

Meridia Lifestyles II

Avion

Meridia Linden 1001

The Madison at Elizabeth

Meridia Lifestyles

2 Jackson Park

Riverwalk Park

Crossroads Plaza: Phase II

The Garnet

Fountain Seaview B2
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.

Douglass Street Apartments

OVM Affordable

54 Throop Ave

La Porte Apartments

Wheeler Apartments

Fountain Seaview B6

Common Gates (Furnished Rooms)

E

730 NORTH AVENUE

178 Warburton 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

Greens at Avenel

Cliffs On Hudson

C

304 Ege Ave

Hudson Blue

671 Liberty Avenue

65 Newkirk St

1409 Bryant Ave

90 Sands

67-19 Austin St
First Apartment Regrets: Real Renters Share What They'd Do Differently
Your first apartment comes with a learning curve nobody warns you about. Hear from real renters who've been there and get the advice they wish someone had given them on day one.
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 | $3,284 | $890 | $10,000+ |
| New York 1 Bedroom Apartments | $3,553 | $735 | $10,000+ |
| New York 2 Bedroom Apartments | $4,376 | $1,209 | $10,000+ |
| New York 3 Bedroom Apartments | $4,809 | $1,397 | $10,000+ |
| New York 4 Bedroom Apartments | $5,346 | $1,200 | $10,000+ |
| New York 5 Bedroom Apartments | $5,758 | $900 | $10,000+ |
| New York 6 Bedroom Apartments | $12,134 | $5,000 | $10,000+ |
| New York 7 Bedroom Apartments | $3,750 | $3,750 | $3,750 |
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
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 ArticleNavigating 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.
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!
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 $1,200.
What is the price of a cheap apartment in New York?
The cheapest apartment in New York is Mirador at Union City which is listed at $800, while the average apartment in New York costs $4,347.
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 485 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 $734 which is $3,613 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.

The Unofficial NYC Playbook: An Insider's 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.

The Local NYC Expert's 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.

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.
Articles, How-To's, and Tips

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.