Cheap Apartments for Rent in the Downtown Neighborhood of New York, NY from $1,200 (56 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Downtown area of New York.

close
View Me
14 St Marks Pl
Studio Apartments

14 St Marks Pl

14 St Marks PlNew York, NY 10003
  • Utilities Included
close
View Me
116 John St
Studio to 2 Bedroom Apartments

116 John St

1 Platt StNew York, NY 10038
  • Utilities Included
close
View Me
111 Mott St
1 to 2 Bedroom Apartments

111 Mott St

111 Mott StNew York, NY 10013
close
View Me
116-120 Mott St
Studio to 2 Bedroom Apartments

116-120 Mott St

116-120 Mott StNew York, NY 10013
  • Utilities Included
close
View Me
166 Suffolk St
Studio to 1 Bedroom Apartments

166 Suffolk St

166 Suffolk StNew York, NY 10002
close
View Me
314 E 6th St
Studio Apartments

314 E 6th St

314 E 6th StNew York, NY 10003
  • Utilities Included
close
View Me
Post Towers
Studio to 3 Bedroom Apartments

Post Towers

71 West StNew York, NY 10006
  • Utilities Included

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.

Read Article
close
View Me
136 Orchard St
1 Bedroom Apartments

136 Orchard St

136 Orchard StNew York, NY 10002
  • Utilities Included
close
View Me
111 Mulberry St
Studio to 1 Bedroom Apartments

111 Mulberry St

111 Mulberry StNew York, NY 10013
  • Utilities Included
close
View Me
211 East 5th Street
Studio to 1 Bedroom Apartments

211 East 5th Street

211 E 5th StNew York, NY 10003
  • Utilities Included
close
View Me
28 Allen St
Studio to 1 Bedroom Apartments

28 Allen St

28 Allen StNew York, NY 10002
  • Utilities Included
close
View Me
528 E 13th St
Studio to 1 Bedroom Apartments

528 E 13th St

528 E 13th StNew York, NY 10009
  • Utilities Included
close
View Me
122 MacDougal St
1 Bedroom Apartments

122 MacDougal St

122 MacDougal StNew York, NY 10012
  • Utilities Included
close
View Me
208 Sullivan St
Studio to 2 Bedroom Apartments

208 Sullivan St

208 Sullivan StNew York, NY 10012
  • Utilities Included
close
View Me
67 Mott St
1 Bedroom Apartments

67 Mott St

67 Mott StNew York, NY 10013
close
View Me
19 Orchard St
1 to 3 Bedroom Apartments

19 Orchard St

19 Orchard StNew York, NY 10002

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.

Read Article
close
View Me
522-524 E 11th St
1 to 4 Bedroom Apartments

522-524 E 11th St

522-524 E 11th StNew York, NY 10009
close
View Me
Grand Elizabeth Manor
Studio to 1 Bedroom Apartments

Grand Elizabeth Manor

227 Grand StNew York, NY 10013
  • Utilities Included
close
View Me
151 Orchard St
Studio Apartments

151 Orchard St

151 Orchard StNew York, NY 10002
  • Utilities Included
close
View Me
326 E 6th St
Studio Apartments

326 E 6th St

326 E 6th StNew York, NY 10003
  • Utilities Included
close
View Me
104 Suffolk Street
1 Bedroom Apartments

104 Suffolk Street

104 Suffolk StNew York, NY 10002
Student Housing
  • Utilities Included
close
View Me
126 E Broadway
Studio to 1 Bedroom Apartments

126 E Broadway

126 E BroadwayNew York, NY 10002
  • Utilities Included
close
View Me
67 Pitt St
1 Bedroom Apartments

67 Pitt St

67 Pitt StNew York, NY 10002
  • Utilities Included
close
View Me
324 E 6th St
Studio Apartments

324 E 6th St

324 E 6th StNew York, NY 10003
  • Utilities Included

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.

Read Article
close
View Me
192 Sixth Avenue
Studio to 3 Bedroom Apartments

192 Sixth Avenue

188-192 Avenue of the AmericasNew York, NY 10013
  • Utilities Included
close
View Me
88 Fulton St
Studio to 3 Bedroom Apartments

88 Fulton St

88 Fulton StNew York, NY 10038
  • Utilities Included
close
View Me
191 Henry
Studio to 2 Bedroom Apartments

191 Henry

191 Henry StNew York, NY 10002
  • Utilities Included
close
View Me
244 E. Houston
Studio to 3 Bedroom Apartments

244 E. Houston

244 E Houston StNew York, NY 10002
close
View Me
28 Orchard St
Studio to 2 Bedroom Apartments

28 Orchard St

28 Orchard StNew York, NY 10002
  • Utilities Included
close
View Me
100 Saint Marks Pl
1 Bedroom Apartments

100 Saint Marks Pl

100 Saint Marks PlNew York, NY 10009
  • Utilities Included
close
View Me
170 Rivington St
1 to 2 Bedroom Apartments

170 Rivington St

170 Rivington StNew York, NY 10002
  • Utilities Included

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.

Read Article
close
View Me
338 E 11th St
Studio to 1 Bedroom Apartments

338 E 11th St

338-340 E 11th StNew York, NY 10003
  • Utilities Included
close
View Me
78-80 Mulberry St
1 to 2 Bedroom Apartments

78-80 Mulberry St

78-80 Mulberry StNew York, NY 10013
  • Utilities Included
close
View Me
190 East 3rd
Studio Apartments

190 East 3rd

190 E 3rd StNew York, NY 10009
close
View Me
99 Orchard St
Studio to 2 Bedroom Apartments

99 Orchard St

99 Orchard StNew York, NY 10002
  • Utilities Included
close
View Me
67 Thompson Street
Studio to 1 Bedroom Apartments

67 Thompson Street

67 Thompson StNew York, NY 10012
  • Utilities Included
close
View Me
225 E Tenth St
Studio to 1 Bedroom Apartments

225 E Tenth St

225 E Tenth StNew York, NY 10003
close
View Me
320 East 9th Street
Studio to 3 Bedroom Apartments

320 East 9th Street

320 E 9th StNew York, NY 10003
  • Utilities Included

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.

Read Article
Showing Results 1-50, Page 1 of 2

Downtown, New York, NY Local Guide

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 203 Chrystie Street priced from $2,799. 514 East 5th Street has the second lowest priced unit, which is a Studio apartment currently listed from $2,800. Here are the most affordable Downtown apartments for rent in New York, NY:

Apartment ListingModel NameBed/BathPriced From
203 Chrystie StreetStudio / 1 BathroomStudio,1BA$2,799
514 East 5th Street514 EAST 5TH STREET - 2 ROOM STUDIO / 1 BATHStudio,1BA$2,800
112 East 7th Street112 EAST 7TH STREET - STUDIO / 1 BATHStudio,1BA$2,850
620 East 11th Street620 EAST 11TH STREET - 2 BR / 1 BATH2BR,1BA$3,325
21 West StreetMZS04 - Res 4F-23FStudio,1BA$3,625
The SuffolkStudio / 1 BathroomStudio,1BA$4,081
Avalon Bowery PlaceS1-208-808-431sqStudio,1BA$4,235

Best Value Apartments for Rent in Downtown, NY

As of January 20, 2026 the best value apartment in the Downtown area is the $5.21 price per square foot 2 Bed 2 Bath Model at 222 E 7th St in the in the Gramercy-Flatiron neighborhood starting from $9,125. The second greatest value Downtown apartment is the $3.92/sq.ft. - 22M Model at 37 Wall Street starting at $7,300 with a $5.34 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 ListingModel NameBed/BathPrice Per Sq.Ft.
222 E 7th St2 Bed 2 Bath2BR,2BA$5.21
37 Wall Street$3.92/sq.ft. - 22M2BR,2BA$5.34
Exhibit2 Bedroom / 2 Bathroom2BR,2BA$6.52
215 E 4th St2 Bed 1 Bath2BR,1BA$5.33
218 E 13th St, Unit 2G218 E 13th St2BR,1BA$6.00
135 John St, Unit 20B135 John St1BR,1BA$6.27
130 Water St, Unit 9C130 Water St1BR,1BA$4.93
Gateway Battery Park CityStudioStudio ,1BA$5.72
251 Water St, Unit 2B251 Water StStudio ,1BA$6.52
66 E 1st St, Unit 2A66 E 1st StStudio ,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
Decorative image

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 Article
Decorative image

The 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 Article
Decorative image

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.

Read Article
Decorative image

A 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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Downtown, New York, NY

Ranked #3

Among cities in New York for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

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 514 East 5th Street listed at $2,800.

How much is rent for a Cheap One Bedroom Downtown Apartment?

The lowest price for a Cheap One Bedroom Downtown Apartment is $4,550 at Gateway Battery Park City.

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 $3,325 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 Alabama Flats LLC and starts from $2,495.

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

decorative image for The 10 Best Affordable Neighborhoods for Renting in New York City article

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.

decorative image for Top Student Friendly Neighborhoods to Rent Near Colleges in NYC article

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.

decorative image for The Local NYC Experts Guide to the Perfect Neighborhoods Near Top Employers article

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.

Articles, How-To's, and Tips

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!