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Cheap Apartments for Rent in the Downtown Neighborhood of New York, NY from $1,100 (41 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of New York.
83-71 116th St
New YorkNY11416
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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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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.
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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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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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Showing Results 1-41, Page 1 of 1
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 | $4,158 | $1,100 | $10,000+ |
| Downtown 1 Bedroom Apartments | $5,117 | $1,350 | $10,000+ |
| Downtown 2 Bedroom Apartments | $6,453 | $2,800 | $10,000+ |
| Downtown 3 Bedroom Apartments | $9,682 | $4,500 | $10,000+ |
| Downtown 4 Bedroom Apartments | $10,576 | $6,000 | $10,000+ |
| Downtown 5 Bedroom Apartments | $8,748 | $7,000 | $9,995 |
Browse Apartments in this Neighborhood
There are currently 41 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
- Nearby New York neighborhoods
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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 $1,100. 112 East 7th Street has the second lowest priced unit, which is a Studio apartment currently listed from $2,600. 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, | $1,100 |
| 112 East 7th Street | 112 EAST 7TH STREET - STUDIO / 1 BATH | Studio,1BA | $2,600 |
| 514 East 5th Street | 514 EAST 5TH STREET - 2 ROOM STUDIO / 1 BATH | Studio,1BA | $2,620 |
| 624 E 11th Street | Studio / 1 Bathroom | Studio,1BA | $2,899 |
| 32 East 7th Street | 32 EAST 7TH STREET - 1 BR / 1 BATH | 1BR,1BA | $2,900 |
| 221 2nd Avenue | Studio | Studio,1BA | $3,000 |
| 81 Sullivan St | Studio / 1 Bathroom | Studio,1BA | $3,200 |
| 214 East 10th Street | 1BR/1BA | 1BR,1BA | $3,300 |
| 197 E 4th St | 1 bed/ 1bath | 1BR,1BA | $3,300 |
| 11 Stanton Street | 1 Bedroom / 1 Bathroom | 1BR,1BA | $3,399 |
Best Value Apartments for Rent in Downtown, NY
As of June 28, 2025 the best value apartment in the Downtown area is the $7.05 price per square foot 3BR/1BA Model at 92-96 3rd Avenue in the in the Gramercy-Flatiron neighborhood starting from $7,050. 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. |
|---|---|---|---|
| 92-96 3rd Avenue | 3BR/1BA | 3BR,1BA | $7.05 |
| Exhibit | 2 Bedroom / 2 Bathroom | 2BR,2BA | $6.52 |
| 214 East 10th Street | 1BR/1BA | 1BR,1BA | $4.13 |
| 32 East 7th Street | 32 EAST 7TH STREET - 1 BR / 1 BATH | 1BR,1BA | $4.46 |
| Gateway Battery Park City | Studio | Studio ,1BA | $7.11 |
| 221 2nd Avenue | 1 Bed | 1BR,1BA | $6.70 |
| 251 Water St, Unit 2B | 251 Water St | Studio ,1BA | $6.52 |
| 45 Wall St | Apartment 1619 | Studio ,1BA | $6.79 |
| 21 West Street | MZS01 - Res 4H-18H, 19H-23H | Studio ,1BA | $7.09 |
| 14 St Marks Pl | STU | Studio ,0.5BA | $5.50 |
Quick Rent Budget Calculator
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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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Pet Friendly LifestyleDowntown, New York, NY
Ranked #10
Among neighborhoods in New York, NY 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 $1,100.
How much is rent for a Cheap One Bedroom Downtown Apartment?
The lowest price for a Cheap One Bedroom Downtown Apartment is $2,900 at 32 East 7th 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 $2,995 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 197 E 4th St and starts from $7,000.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
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.