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Cheap Apartments for Rent in the Downtown Manhattan Neighborhood of New York, NY from $1,900 (247 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Manhattan area of New York.
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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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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.
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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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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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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.
Downtown Manhattan, New York, NY Local Guide
How much does it cost to rent an apartment in Downtown Manhattan?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Manhattan Studio Apartments | $4,157 | $3,500 | $4,670 |
| Downtown Manhattan 1 Bedroom Apartments | $4,471 | $3,400 | $6,340 |
| Downtown Manhattan 2 Bedroom Apartments | $6,968 | $3,000 | $10,000+ |
| Downtown Manhattan 3 Bedroom Apartments | $7,210 | $6,290 | $8,850 |
Browse Apartments in this Neighborhood
There are currently 247 rentals with your search options within a 2 mile radius of the Downtown Manhattan Neighborhood of New York, NY.
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Downtown Manhattan, New York, NY Local Guide
- Nearby New York neighborhoods
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Cheapest Available Downtown Manhattan Apartments for Rent
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 88 Leonard | S4S13 - 1606-1906 | Studio,1BA | $4,822 |
| 111 Worth | 1AA Renovation 2 | 1BR,1BA | $5,839 |
Best Value Apartments for Rent in Downtown Manhattan, NY
As of November 09, 2025 the best value apartment in the Downtown Manhattan area is the $10.71 price per square foot S4A01 - 1006-1206 | 1116-1216 Model at 88 Leonard in the in the Downtown neighborhood starting from $6,522. The second greatest value Downtown Manhattan apartment is the 1E Renovation 2 Model at 111 Worth starting at $5,879 with a $9.81 price per square foot in the Downtown neighborhood. Here is today’s list of the best values for Downtown Manhattan apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 88 Leonard | S4A01 - 1006-1206 | 1116-1216 | 1BR,1BA | $10.71 |
| 111 Worth | 1E Renovation 2 | 1BR,1BA | $9.81 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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 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.
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If you’re an expert on all things Downtown Manhattan, tell us what you love (and don't) by rating it and writing a review.
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Pet Friendly LifestyleDowntown Manhattan, New York, NY
Ranked #44
Among cities in New York for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Downtown Manhattan, New York, NY
Spruce Street School
New York City Geographic District 2 Manhattan
Public School - Grades PK-8 (431)
9 out of 10
School data provided by Great Schools
Getting Around the Downtown Manhattan Neighborhood in New York, NY
Walk Score®
100 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
94 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
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 Downtown Manhattan Apartments
How much is rent for a Cheap One Bedroom Downtown Manhattan Apartment?
The lowest price for a Cheap One Bedroom Downtown Manhattan Apartment is $5,839 at 111 Worth.
What is the lowest price for a Cheap Two Bedroom Downtown Manhattan Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Manhattan is starting from $8,129 at 111 Worth.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.