Apartments for Rent in New York, NY Under $5,000 (7,481 Rentals)

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358 W 48th St
$5,000 - $7,000
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$5,000 - $7,000
Total Monthly Price
$5,000 - $7,000
1 to 3 Bedroom Apartment Available Now

358 W 48th St

358 W 48th StNew York, NY 10036
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121 E 38th St
$5,000 - $7,000
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$5,000 - $7,000
Total Monthly Price
$5,000 - $7,000
1 to 3 Bedroom Apartment Available Now

121 E 38th St

121 E 38th StNew York, NY 10016
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349 Grand St
$4,995 - $8,995
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$4,995 - $8,995
Total Monthly Price
$4,995 - $8,995
Studio to 2 Bedroom Apartment Available Now

349 Grand St

349 Grand StNew York, NY 10002
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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.

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112 W 13th St
$4,700 - $5,300
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$4,700 - $5,300
Total Monthly Price
$4,700 - $5,300
Studio to 1 Bedroom Apartment Available Now

112 W 13th St

112 W 13th StNew York, NY 10011
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120 E 17th St
$4,695 - $9,400
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$4,695 - $9,400
Total Monthly Price
$4,695 - $9,400
Studio to 2 Bedroom Apartment Available Jun 1

120 E 17th St

120 E 17th StNew York, NY 10003
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218 E 32nd St
$4,695 - $8,095
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Total Monthly Price

Base Rent
$4,695 - $8,095
Total Monthly Price
$4,695 - $8,095
2 to 4 Bedroom Apartment Available Jun 1

218 E 32nd St

218 E 32nd StNew York, NY 10016
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141 E 37th St
$4,613 - $8,125
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Base Rent
$4,613 - $8,125
Total Monthly Price
$4,613 - $8,125
2 to 4 Bedroom Apartment Available Jun 1

141 E 37th St

141 E 37th StNew York, NY 10016
Affordability

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.

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108 E 35th St
$4,595 - $7,995
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Total Monthly Price

Base Rent
$4,595 - $7,995
Total Monthly Price
$4,595 - $7,995
2 to 4 Bedroom Apartment Available Jun 1

108 E 35th St

108 E 35th StNew York, NY 10016
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142 E 35th St
$4,550 - $7,995
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$4,550 - $7,995
Total Monthly Price
$4,550 - $7,995
2 to 4 Bedroom Apartment Available Jun 1

142 E 35th St

142 E 35th StNew York, NY 10016
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218 E 13th St
$4,500 - $9,000
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Total Monthly Price

Base Rent
$4,500 - $9,000
Total Monthly Price
$4,500 - $9,000
Studio to 3 Bedroom Apartment Available Jun 1

218 E 13th St

218 E 13th StNew York, NY 10003
Affordability

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.

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167 E 71st St
$4,300 - $7,000
Total Monthly Price

Total Monthly Price

Base Rent
$4,300 - $7,000
Total Monthly Price
$4,300 - $7,000
1 to 3 Bedroom Apartment Available Jun 1

167 E 71st St

167 E 71st StNew York, NY 10021
Affordability

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

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218 E 50th St
$4,295 - $4,795
Total Monthly Price

Total Monthly Price

Base Rent
$4,295 - $4,795
Total Monthly Price
$4,295 - $4,795
1 to 2 Bedroom Apartment Available Jun 1

218 E 50th St

218 E 50th StNew York, NY 10022
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304 E 49th St
$4,000 - $4,800
Total Monthly Price

Total Monthly Price

Base Rent
$4,000 - $4,800
Total Monthly Price
$4,000 - $4,800
1 to 2 Bedroom Apartment Available Now

304 E 49th St

304 E 49th StNew York, NY 10017
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Showing Results 1-50, Page 1 of 100

New York, NY Local Guide

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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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New York, NY Area Reviews

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Virginia • 4+ 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 New York

How much are Studio apartments in New York?

There are currently 41,534 Studio Apartments in New York with rent ranges from $890 to $22,332 with an average price of $3,318.

What is the current price range for One Bedroom New York Apartments for rent?

Today's rental pricing for One Bedroom Apartments in New York ranges from $250 to $27,079 with an average monthly rent of $3,678.

What does renting a Two Bedroom Apartment in New York cost?

The monthly rent prices of Two Bedroom Apartments currently available in New York range from $1,209 to $30,107. Today's average rental price for Two Bedrooms here is $4,421.

How expensive are New York Three Bedroom Apartments?

There are currently 9,182 Three Bedroom Apartments listings available in New York on ApartmentHomeLiving.com. The pricing ranges from $1,100 to $38,000 - averaging $4,769 for the location.

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.

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

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.