Adorable ROOM at The Monroe House, Unit 5
355 Tompkins Ave
New YorkNY11221
Cheap Apartments for Rent in the Downtown Neighborhood of New York, NJ from $1,200 (136 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of New York.
Modern ROOM at The Monroe House, Unit 2
355 Tompkins Ave
New YorkNY11221
Peaceful ROOM at The Monroe House, Unit 2
355 Tompkins Ave
New YorkNY11221
Adorable ROOM at The Monroe House, Unit 3
355 Tompkins Ave
New YorkNY11221
Adorable ROOM at The Monroe House, Unit 1
355 Tompkins Ave
New YorkNY11221
Chic ROOM at The Monroe House, Unit 2
355 Tompkins Ave
New YorkNY11221
Peaceful ROOM at The Monroe House, Unit 3
355 Tompkins Ave
New YorkNY11221
Modern ROOM at The Monroe House, Unit 3
355 Tompkins Ave
New YorkNY11221
Adorable ROOM at The Monroe House, Unit 2
355 Tompkins Ave
New YorkNY11221
Chic ROOM at The Monroe House, Unit 3
355 Tompkins Ave
New YorkNY11221
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
Peaceful ROOM at The Monroe House, Unit 1
355 Tompkins Ave
New YorkNY11221
Modern ROOM at The Monroe House, Unit 5
355 Tompkins Ave
New YorkNY11221
Modern ROOM at The Monroe House, Unit 1
355 Tompkins Ave
New YorkNY11221
Chic ROOM at The Monroe House, Unit 5
355 Tompkins Ave
New YorkNY11221
Peaceful ROOM at The Monroe House, Unit 5
355 Tompkins Ave
New YorkNY11221
Chic ROOM at The Monroe House, Unit 1
355 Tompkins Ave
New YorkNY11221
Adorable ROOM at The Monroe House, Unit 4
355 Tompkins Ave
New YorkNY11221
Peaceful ROOM at The Monroe House, Unit 4
355 Tompkins Ave
New YorkNY11221
Chic ROOM at The Monroe House, Unit 4
355 Tompkins Ave
New YorkNY11221
Modern ROOM at The Monroe House, Unit 4
355 Tompkins Ave
New YorkNY11221
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.
Room in Shared 3 bed/1 bath home, Unit C
243 East Broadway
New YorkNY10002
Room in Shared 3 bed/1 bath home, Unit A
7 Eldridge St
New YorkNY10002
Room in Shared 3 bed/1 bath home, Unit A
7 Eldridge St
New YorkNY10002
Room in Shared 3 bed/1 bath home, Unit C
226 E 7th St
New YorkNY10009
Room in Shared 3 bed/1 bath home, Unit A
7 Eldridge St
New YorkNY10002
Room in Shared 3 bed/1 bath home, Unit C
7 Eldridge St
New YorkNY10002
Room in Shared 3 bed/1 bath home, Unit C
7 Eldridge St
New YorkNY10002
Room in Shared 3 bed/1 bath home, Unit C
7 Eldridge St
New YorkNY10002
Room in Shared 3 bed/1 bath home, Unit A
243 East Broadway
New YorkNY10002
Room in Shared 3 bed/1 bath home, Unit A
7 Eldridge St
New YorkNY10002
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.
Room in Shared 3 bed/1 bath home, Unit A
7 Eldridge St
New YorkNY10002
Room in Shared 3 bed/1 bath home, Unit C
7 Eldridge St
New YorkNY10002
Room in Shared 3 bed/1 bath home, Unit C
7 Eldridge St
New YorkNY10002
Room in Shared 3 bed/1 bath home, Unit C
355 E 4th St
New YorkNY10009
Room in Shared 3 bed/1 bath home, Unit C
7 Eldridge St
New YorkNY10002
Room in Shared 3 bed/1 bath home, Unit B
7 Eldridge St
New YorkNY10002
Room in Shared 3 bed/1 bath home, Unit C
226 E 7th St
New YorkNY10009
Room in Shared 3 bed/1 bath home, Unit A
226 E 7th St
New YorkNY10009
Room in Shared 3 bed/1 bath home, Unit B
7 Eldridge St
New YorkNY10002
Room in Shared 3 bed/1 bath home, Unit B
7 Eldridge St
New YorkNY10002
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.
Room in Shared 3 bed/1 bath home, Unit C
226 E 7th St
New YorkNY10009
Room in Shared 3 bed/2 bath home, Unit B
20 Avenue A
New YorkNY10009
Room in Shared 3 bed/2 bath home, Unit C
20 Avenue A
New YorkNY10009
Room in Shared 3 bed/1 bath home, Unit A
226 E 7th St
New YorkNY10009
Room in Shared 3 bed/1 bath home, Unit B
243 East Broadway
New YorkNY10002
Room in Shared 3 bed/2 bath home, Unit B
20 Avenue A Ave
New YorkNY10009
Room in Shared 3 bed/1 bath home, Unit B
20 Avenue A
New YorkNY10009
Room in Shared 5 bed/2 bath home, Unit C
375 E 10th St
New YorkNY10009
Room in Shared 3 bed/1 bath home, Unit B
226 E 7th St
New YorkNY10009
Room in Shared 3 bed/1 bath home, Unit B
7 Eldridge St
New YorkNY10002
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.
Downtown, New York, NJ Local Guide
How much does it cost to rent an apartment in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Studio Apartments | $4,920 | $2,575 | $8,500 |
| Downtown 1 Bedroom Apartments | $6,012 | $2,613 | $10,000+ |
| Downtown 2 Bedroom Apartments | $7,657 | $3,250 | $10,000+ |
| Downtown 3 Bedroom Apartments | $8,524 | $3,850 | $10,000+ |
| Downtown 4 Bedroom Apartments | $9,701 | $6,495 | $10,000+ |
| Downtown 5 Bedroom Apartments | $14,450 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 136 rentals with your search options within a 1 mile radius of the Downtown Neighborhood of New York, NJ.
See all Apartments in New YorkExplore New York
Downtown, New York, NJ Local Guide
- Nearby New York neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Downtown Apartments for Rent
The cheapest available apartment rental in the Downtown area of New York, NJ is a Studio unit found at 112 East 7th Street priced from $2,750. 622 East 11th Street has the second lowest priced unit, which is a 2 Beds apartment currently listed from $3,700. Here are the most affordable Downtown apartments for rent in New York, NJ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 112 East 7th Street | 112 EAST 7TH STREET - STUDIO / 1 BATH | Studio,1BA | $2,750 |
| 622 East 11th Street | 622 EAST 11TH STREET - 2 BR / 1 BATH / DUPLEX /... | 2BR,1BA | $3,700 |
| 110 East 7th Street | 110 EAST 7TH STREET - 2 BR / 1 BATH | 2BR,1BA | $3,900 |
| 55-61 Delancey Street | 55-C Line 2 Bed 1 Bath | 2BR,1BA | $4,100 |
| Gateway Battery Park City | Alcove Studio | Studio,1BA | $4,156 |
| 70 Pine Apartments | S07 - 729|829|929|1029|1129 | Studio,1BA | $4,300 |
Best Value Apartments for Rent in Downtown, NJ
As of June 06, 2026 the best value apartment in the Downtown area is the $5.34 price per square foot $3.92/sq.ft. - 22M Model at 37 Wall Street in the in the Downtown neighborhood starting from $7,300. The second greatest value Downtown apartment is the Studio / 2 Bathroom Model at The Archive starting at $8,195 with a $6.90 price per square foot in the Downtown neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 37 Wall Street | $3.92/sq.ft. - 22M | 2BR,2BA | $5.34 |
| The Archive | Studio / 2 Bathroom | Studio ,2BA | $6.90 |
| 68 E First St | 2BR/1BA | 2BR,1BA | $5.15 |
| 40 Broad Street #PH4A, Unit PH4A | 40 Broad Street #PH4A | 1BR,1.5BA | $6.25 |
| Exhibit | 2 Bedroom / 2 Bathroom | 2BR,2BA | $6.52 |
| 21 West Street | MZA03 - Res 3B, 5B-23B | 1BR,1BA | $7.01 |
| 7 Bleecker St, Unit 2B | 7 Bleecker St | 1BR,1BA | $6.69 |
| 130 Water St, Unit 5-F | 130 Water St | 1BR,1BA | $6.29 |
| 251 Water St | 251 Water St | 2BR,1BA | $7.67 |
| 66 E 1st St | 66 E 1st St | Studio ,1BA | $6.40 |
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 Article
Don'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 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.
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Do you know the Downtown area?
If you’re an expert on all things Downtown, tell us what you love (and don't) by rating it and writing a review.
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Pet Friendly LifestyleDowntown, New York, NY
Ranked #2
Among cities in New York for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Downtown, New York, NY
Pace High School
New York City Geographic District 2 Manhattan
Public School - Grades 9-12 (499)
3 out of 10
School data provided by Great Schools
Frequently Asked Questions about Cheap Downtown Apartments
What is a cheap apartment in Downtown?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown is under $4,300.
What is the price of a cheap apartment in Downtown?
The cheapest apartment in Downtown is 235 Sullivan St which is listed at $4,300, while the average apartment in Downtown costs $12,500.
What types of apartments are the cheapest in Downtown?
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 7 regular apartments in Downtown 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 Downtown?
Cheap apartments in Downtown have an average cost of $387 which is $12,113 cheaper than the average rent for all rentals in Downtown.
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
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.
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.
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.
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
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
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.