Modern ROOM at The Monroe House, Unit 3
355 Tompkins Ave
New YorkNY11221
Cheap Apartments for Rent in the Downtown Neighborhood of New York, NY from $1,200 (152 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of New York.
Chic 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 1
355 Tompkins Ave
New YorkNY11221
Adorable ROOM at The Monroe House, Unit 5
355 Tompkins Ave
New YorkNY11221
Modern 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
Peaceful 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
Peaceful ROOM at The Monroe House, Unit 5
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.
Chic 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
Chic ROOM at The Monroe House, Unit 5
355 Tompkins Ave
New YorkNY11221
Peaceful ROOM at The Monroe House, Unit 1
355 Tompkins Ave
New YorkNY11221
Chic ROOM at The Monroe House, Unit 3
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 4
355 Tompkins Ave
New YorkNY11221
Peaceful ROOM at The Monroe House, Unit 4
355 Tompkins Ave
New YorkNY11221
Adorable 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 C
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 B
243 East Broadway
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
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
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
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 A
7 Eldridge St
New YorkNY10002
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 A
243 East Broadway
New YorkNY10002
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 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 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
7 Eldridge St
New YorkNY10002
Room in Shared 3 bed/1 bath home, Unit C
7 Eldridge St
New YorkNY10002
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.
Room in Shared 2 bed/1 bath home, Unit B
20 Avenue A
New YorkNY10009
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 C
20 Avenue A
New YorkNY10009
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 5 bed/2 bath home, Unit D
375 E 10th St
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 B
20 Avenue A
New YorkNY10009
Room in Shared 3 bed/1 bath home, Unit B
7 Eldridge St
New YorkNY10002
Room in Shared 3 bed/2 bath home, Unit B
20 Avenue A Ave
New YorkNY10009
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.
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 | $4,784 | $2,575 | $10,000+ |
| Downtown 1 Bedroom Apartments | $5,971 | $2,750 | $10,000+ |
| Downtown 2 Bedroom Apartments | $7,181 | $3,250 | $10,000+ |
| Downtown 3 Bedroom Apartments | $8,181 | $3,850 | $10,000+ |
| Downtown 4 Bedroom Apartments | $9,501 | $3,995 | $10,000+ |
| Downtown 5 Bedroom Apartments | $13,595 | $10,000 | $10,000+ |
| Downtown 6 Bedroom Apartments | $14,725 | $9,450 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 152 rentals with your search options within a 1 mile radius of the Downtown Neighborhood of New York, NY.
See all Apartments in New YorkExplore New York
Downtown, New York, NY 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, NY is a Studio unit found at 25 Clinton Street priced from $2,795. 32 East 7th Street has the second lowest priced unit, which is a 2 Beds apartment currently listed from $3,250. Here are the most affordable Downtown apartments for rent in New York, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 25 Clinton Street | 25 CLINTON STREET - STUDIO / 1 BATH | Studio,1BA | $2,795 |
| 32 East 7th Street | 32 EAST 7TH STREET - 2 BR / 1 BATH / GARDEN | 2BR,1BA | $3,250 |
| 21 West Street | MZS01 - Res 4H-18H, 19H-23H | Studio,1BA | $3,470 |
| Gateway Battery Park City | Studio | Studio,1BA | $3,821 |
| 70 Pine Apartments | S03 - 1507|1607|1707 | Studio,1BA | $4,068 |
Best Value Apartments for Rent in Downtown, NY
As of April 21, 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 2 Bedroom / 2 Bathroom Model at Exhibit starting at $5,909 with a $6.52 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 |
| Exhibit | 2 Bedroom / 2 Bathroom | 2BR,2BA | $6.52 |
| 32 East 7th Street | 32 EAST 7TH STREET - 2 BR / 1 BATH / GARDEN | 2BR,1BA | $3.61 |
| 160 2nd Ave | 160 2nd Ave | 2BR,2BA | $7.93 |
| 219 E 11th St | 219 E 11th St | 2BR,1BA | $7.39 |
| 21 West Street | MZA03 - Res 3B, 5B-23B | 1BR,1BA | $6.71 |
| 7 Bleecker St, Unit 2B | 7 Bleecker St | 1BR,1BA | $6.69 |
| Gateway Battery Park City | Studio | Studio ,1BA | $6.41 |
| 251 Water St | 251 Water St | 2BR,1BA | $7.67 |
| 66 E 1st St | 66 E 1st St | Studio ,1BA | $6.40 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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 ArticleCash 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.
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, 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 the Cheapest Studio apartment in Downtown?
Currently the most affordable Cheap Studio Apartment in Downtown is at 25 Clinton Street listed at $2,795.
How much is rent for a Cheap One Bedroom Downtown Apartment?
The lowest price for a Cheap One Bedroom Downtown Apartment is $4,532 at 21 West Street.
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 $3,250 at 32 East 7th Street.
What is the most affordable Downtown Three Bedroom Apartment?
The best deal on a cheap Downtown Three Bedroom Apartment rental is at StuyTown and starts from $7,147.
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
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.
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.