New Apartments for Rent in New York, NY Under $5,000 (772 Rentals)

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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.

property at 326 E 35th St

326 E 35th St

New YorkNY10016
property at 325 E 5th St

325 E 5th St

New YorkNY10003
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7W21
Built in 2016Studio to 2 Bedroom Apartments

7W21

6 W 22nd StNew York, NY 10010
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HOUSE 39
Built in 2017Studio to 2 Bedroom Apartments

HOUSE 39

225 E 39th StNew York, NY 10016
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One East Harlem
Built in 20222 Bedroom Apartments

One East Harlem

2319 3rd AveNew York, NY 10035
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Ruby Apartments
Built in 2023Studio to 2 Bedroom Apartments

Ruby Apartments

243 W 28th StNew York, NY 10001
  • Utilities Included
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The Maverick
Built in 2022Studio to 1 Bedroom Apartments

The Maverick

225 W 28th StNew York, NY 10001
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555 10th Ave
Built in 2017Studio to 3 Bedroom Apartments

555 10th Ave

555 10th AveNew York, NY 10018
  • Utilities Included
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FRANK 57 WEST
Built in 20171 Bedroom Apartments

FRANK 57 WEST

600 W 58th StNew York, NY 10019
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606 W 30
Built in 2024Studio to 2 Bedroom Apartments

606 W 30

606 W 30th StNew York, NY 10001

Navigating 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.

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Aalto57
Built in 2016Studio to 3 Bedroom Apartments

Aalto57

1065 2nd AveNew York, NY 10022
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3Eleven
Built in 2022Studio to 1 Bedroom Apartments

3Eleven

311 11th AveNew York, NY 10001
  • Utilities Included
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525 West 52nd
Built in 2017Studio to 1 Bedroom Apartments

525 West 52nd

525-533 W 52nd StNew York, NY 10019
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507 West Chelsea
Built in 2017Studio Apartments

507 West Chelsea

507 W 28th StNew York, NY 10001
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Lyra
Built in 2020Studio to 2 Bedroom Apartments

Lyra

555 W 38th StNew York, NY 10018
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One United Nations Park
Built in 2019Studio to 3 Bedroom Apartments

One United Nations Park

685 First AveNew York, NY 10016
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21 West End Ave
Built in 2017Studio to 2 Bedroom Apartments

21 West End Ave

21 West End AveNew York, NY 10023
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63 W 104th St
Built in 20191 to 2 Bedroom Apartments

63 W 104th St

63 W 104th StNew York, NY 10025
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The Suffolk
Built in 2023Studio to 3 Bedroom Apartments

The Suffolk

55 Suffolk StNew York, NY 10002

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Henry Hall
Built in 2017Studio to 2 Bedroom Apartments

Henry Hall

515 W 38th StNew York, NY 10018
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204 Avenue A
Built in 2025Studio to 2 Bedroom Apartments

204 Avenue A

204 Avenue ANew York, NY 10009
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Hudson 36
Built in 2019Studio to 2 Bedroom Apartments

Hudson 36

515 W 36th StNew York, NY 10018
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Frontier
Built in 2015Studio to 2 Bedroom Apartments

Frontier

200-210 E 39th StNew York, NY 10016
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535 W 43rd Street
Built in 2016Studio to 2 Bedroom Apartments

535 W 43rd Street

546 W 44th StNew York, NY 10036
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224 West 124th St
Built in 20221 to 3 Bedroom Apartments

224 West 124th St

224 W 124th StNew York, NY 10027
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The Maybury
Built in 2024Studio to 2 Bedroom Apartments

The Maybury

550 10th AveNew York, NY 10018
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American Copper Buildings
Built in 2017Studio to 3 Bedroom Apartments

American Copper Buildings

626 1st AveNew York, NY 10016
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606 W 57th St
Built in 2015Studio to 3 Bedroom Apartments

606 W 57th St

606 W 57th StNew York, NY 10019
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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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160 Madison
Built in 2015Studio to 2 Bedroom Apartments

160 Madison

160 Madison AveNew York, NY 10016
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266 West 96th Street
Built in 2023Studio to 1 Bedroom Apartments

266 West 96th Street

266-270 W 96th StNew York, NY 10025
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ML House
Built in 2019Studio Apartments

ML House

1050 Avenue Of The Americas AveNew York, NY 10018
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227 Lexington Ave
Built in 20201 Bedroom Apartments

227 Lexington Ave

227 Lexington AveNew York, NY 10016
  • Utilities Included
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19 Dutch
Built in 2018Studio to 2 Bedroom Apartments

19 Dutch

19 Dutch StNew York, NY 10038
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803 9th Ave
Built in 20192 Bedroom Apartments

803 9th Ave

805 Ninth AveNew York, NY 10019
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Niko East Village
Built in 2018Studio to 3 Bedroom Apartments

Niko East Village

751 E 6th StNew York, NY 10009
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Theater House
Built in 2015Studio to 1 Bedroom Apartments

Theater House

237 E 34th StNew York, NY 10016
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20 Broad St
Built in 2018Studio to 1 Bedroom Apartments

20 Broad St

20 Broad StNew York, NY 10005
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Chelsea 29
Built in 2017Studio to 2 Bedroom Apartments

Chelsea 29

221 W 29th StNew York, NY 10001
  • Utilities Included

New York, NY Local Guide

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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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 New New York Apartments

What is the Cheapest New apartment in New York?

Currently the most affordable New Apartment in New York is at The Willows at Glassworks listed at $735.

How much is the average rent for a New New York Apartment?

The average rent for a New Apartment in New York is $4,178.

What is the largest New New York Apartment for rent?

Today's New apartment with the most square footage in New York is a 3,397 square feet unit starting from $3,279 at Soho Lofts.

What is the average size for New York New Apartments for rent?

The average size for a New rental in New York is currently at 603 sq ft.

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.

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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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.