
Cheap Apartments for Rent in the Downtown Neighborhood of New York, NY from $1,200 (136 Rentals) Page 3 of 3
Search the lowest-cost Apartments available for rent right now in the Downtown area of New York.


225 E Tenth St

522 East 5th Street

320 East 9th Street

72 Forsyth St

87 1st Ave

177 Ludlow St

207 E 5th St

105 Macdougal St

55 Spring Street

31 east 1st

AJ Clarke

120 E 4th 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

349 E 14th

207 East 14th Street

178 Clinton Street

520 East 11th Street

20 Cornelia Street

233 East 12th Street

211 E Tenth St

122 orchard

11 Jones Street

37 Catherine St

286 Bleecker St

435 East 9th Street

500 E 11th St

175 Ludlow Street
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 | $4,920 | $2,575 | $8,500 |
| Downtown 1 Bedroom Apartments | $6,012 | $2,613 | $10,000+ |
| Downtown 2 Bedroom Apartments | $7,657 | $3,250 | $10,000+ |
| Downtown 3 Bedroom Apartments | $8,524 | $3,850 | $10,000+ |
| Downtown 4 Bedroom Apartments | $9,701 | $6,495 | $10,000+ |
| Downtown 5 Bedroom Apartments | $14,450 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 136 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 a cheap apartment in Downtown?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown is under $4,300.
What is the price of a cheap apartment in Downtown?
The cheapest apartment in Downtown is 235 Sullivan St which is listed at $4,300, while the average apartment in Downtown costs $12,500.
What types of apartments are the cheapest in Downtown?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 7 regular apartments in Downtown that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown?
Cheap apartments in Downtown have an average cost of $387 which is $12,113 cheaper than the average rent for all rentals in Downtown.
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

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.