
Cheap Apartments for Rent in the Downtown Neighborhood of New York, NY from $1,200 (114 Rentals) Page 2 of 3
Search the lowest-cost Apartments available for rent right now in the Downtown area of New York.


Grand Elizabeth Manor

522-524 E 11th St

61 East 3rd Street

326 E 6th St

126 E Broadway

67 Pitt St

104 Suffolk Street

151 Orchard St

324 E 6th St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

192 Sixth Avenue

88 Fulton St

154 Orchard Street

192 East 3rd Street

191 Henry

244 E. Houston

28 Orchard St

325 East 10th Street

100 Saint Marks Pl

338 E 11th St
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.

170 Rivington St

445 East 9th Street

78-80 Mulberry St

190 East 3rd

331 East 5th Street

99 Orchard St

67 Thompson Street

225 E Tenth St

522 East 5th Street

72 Forsyth St
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.

320 East 9th Street

87 1st Ave

177 Ludlow St

105 Macdougal St

207 E 5th St

55 Spring Street

31 east 1st

AJ Clarke

120 E 4th St

224 Sullivan Street
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.

226 E 7th St

102 Norfolk St

12 5th Avenue

128 McDougal St

Prestige East Village Apartments

Unfurnished 1 Bedroom

103 Avenue A

18 Cornelia Street

41 Henry St

138 Ludlow Street Apartments
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.
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 | $4,894 | $1,200 | $8,500 |
| Downtown 1 Bedroom Apartments | $6,250 | $2,613 | $10,000+ |
| Downtown 2 Bedroom Apartments | $7,270 | $3,250 | $10,000+ |
| Downtown 3 Bedroom Apartments | $8,540 | $3,250 | $10,000+ |
| Downtown 4 Bedroom Apartments | $10,721 | $6,495 | $10,000+ |
| Downtown 5 Bedroom Apartments | $12,271 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 114 rentals with your search options within a 1 mile radius of the Downtown Neighborhood of New York, NY.
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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 $2,825.
How much is rent for a Cheap One Bedroom Downtown Apartment?
The lowest price for a Cheap One Bedroom Downtown Apartment is $4,495 at 202 E 13th 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 $3,100 at 543 East 5th 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 $2,773.
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

Beyond the Bridges: Brooklyn, Queens, Jersey City, and the Other Smart Moves for NYC Renters
Written by: Joshua Carlucci
I'm Josh, your ApartmentHomeLiving.com Local Expert for New York City, and I live in the Lower East Side of Manhattan. I love it here.

The Unofficial NYC Playbook: An Insider's 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.

The Local NYC Expert's 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.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.