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Cheap Apartments for Rent in the Downtown Neighborhood of New York, NY from $1,200 (56 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown 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, New York, NY Local Guide
How much does it cost to rent an apartment in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Studio Apartments | $4,194 | $1,200 | $9,300 |
| Downtown 1 Bedroom Apartments | $5,445 | $2,400 | $10,000+ |
| Downtown 2 Bedroom Apartments | $6,475 | $3,250 | $10,000+ |
| Downtown 3 Bedroom Apartments | $8,353 | $3,850 | $10,000+ |
| Downtown 4 Bedroom Apartments | $12,761 | $6,950 | $10,000+ |
| Downtown 5 Bedroom Apartments | $8,995 | $8,995 | $8,995 |
| Downtown 6 Bedroom Apartments | $9,450 | $9,450 | $9,450 |
Browse Apartments in this Neighborhood
There are currently 56 rentals with your search options within a 1 mile radius of the Downtown Neighborhood of New York, NY.
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Downtown, New York, NY Local Guide
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Cheapest Available Downtown Apartments for Rent
The cheapest available apartment rental in the Downtown area of New York, NY is a Studio unit found at 14 St Marks Pl priced from $1,200. 37 Wall Street has the second lowest priced unit, which is a Studio apartment currently listed from $2,211. Here are the most affordable Downtown apartments for rent in New York, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 14 St Marks Pl | STU | Studio, | $1,200 |
| 37 Wall Street | $4.25/sq.ft. - 17Q | Studio,1BA | $2,211 |
| 328-330 E 14th St | 1 Bedroom | 1BR,1BA | $2,800 |
| 81 Sullivan St | Studio / 1 Bathroom | Studio,1BA | $3,200 |
| 11 Stanton Street | 1 Bedroom / 1 Bathroom | 1BR,1BA | $3,299 |
| 230 Sullivan St | Studio / 1 Bathroom | Studio,1BA | $3,300 |
| 620 East 11th Street | 620 EAST 11TH STREET - 2 BR / 1 BATH | 2BR,1BA | $3,415 |
| 92-96 3rd Avenue | 1BR/1BA | 1BR,1BA | $3,595 |
Best Value Apartments for Rent in Downtown, NY
As of October 21, 2025 the best value apartment in the Downtown area is the $0.92 price per square foot $4.25/sq.ft. - 17Q Model at 37 Wall Street in the in the Downtown neighborhood starting from $2,211. The second greatest value Downtown apartment is the 4 Bed Model at 344-348 E 18th St starting at $9,495 with a $6.13 price per square foot in the Gramercy-Flatiron 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 | $4.25/sq.ft. - 17Q | Studio ,1BA | $0.92 |
| 344-348 E 18th St | 4 Bed | 4BR,2BA | $6.13 |
| 215 E 4th St | 2 Bed 1 Bath | 2BR,1BA | $5.33 |
| 328-330 E 14th St | 2 Bedroom w/ LR | 2BR,1BA | $4.89 |
| 130 Water St, Unit 9C | 130 Water St | 1BR,1BA | $4.93 |
| 218 E 13th St, Unit 2G | 218 E 13th St | 2BR,1BA | $6.00 |
| 92-96 3rd Avenue | 1BR/1BA | 1BR,1BA | $5.99 |
| 251 Water St, Unit 2B | 251 Water St | Studio ,1BA | $6.52 |
| 66 E 1st St, Unit 2A | 66 E 1st St | Studio ,1BA | $6.40 |
| 14 St Marks Pl | STU | Studio ,0.5BA | $6.00 |
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.
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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 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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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 #5
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
School data provided by Great Schools
Frequently Asked Questions about Cheap Downtown Apartments
What is the Cheapest Studio apartment in Downtown?
Currently the most affordable Cheap Studio Apartment in Downtown is at 14 St Marks Pl listed at $1,200.
How much is rent for a Cheap One Bedroom Downtown Apartment?
The lowest price for a Cheap One Bedroom Downtown Apartment is $2,800 at 328-330 E 14th St.
What is the lowest price for a Cheap Two Bedroom Downtown Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown is starting from $3,415 at 620 East 11th Street.
What is the most affordable Downtown Three Bedroom Apartment?
The best deal on a cheap Downtown Three Bedroom Apartment rental is at 344-348 E 18th St and starts from $6,695.
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.
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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.