Cheap Homes for Rent in Downtown Neighborhood of New York, NY from $1,100 (24 Rentals)

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

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.

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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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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.

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Showing Results 1-24, Page 1 of 1

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 37 Wall Street priced from $3,325. 620 East 11th Street has the second lowest priced unit, which is a 2 Beds apartment currently listed from $3,415. Here are the most affordable Downtown apartments for rent in New York, NY:

Apartment ListingModel NameBed/BathPriced From
37 Wall Street$4.25/sq.ft. - 17QStudio,1BA$3,325
620 East 11th Street620 EAST 11TH STREET - 2 BR / 1 BATH2BR,1BA$3,415
81 Sullivan StStudio / 1 BathroomStudio,1BA$3,500
21 West StreetMZS04 - Res 4F-23FStudio,1BA$3,677
Gateway Battery Park CityStudioStudio,1BA$3,723

Best Value Apartments for Rent in Downtown, NY

As of December 06, 2025 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
130 Water St, Unit 9C130 Water St1BR,1BA$4.93
218 E 13th St, Unit 2G218 E 13th St2BR,1BA$6.00
135 John St, Unit 20B135 John St1BR,1BA$6.27
3 Centre Market Pl, Unit #13 Centre Market Pl1BR,1BA$6.00
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.

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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.

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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.

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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

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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.

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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

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Best Local Schools in
Downtown, New York, NY

School data provided by Great Schools

Frequently Asked Questions about Downtown

What type of rentals are currently available in Downtown?

There are currently 5119 Apartments for Rent in Downtown, NY with pricing that ranges from $2,441 to $39,500. There are also 832 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $1,180 to $39,480.

What is the current price range for Rental Homes in Downtown?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown ranges from $1,180 to $39,480 with an average monthly rent of $6,783.

How much are larger Three and Four Bedroom Rentals in Downtown?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown range from $3,850 to $39,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,180 to $39,480. Four Bedroom Single-Family rentals are also available starting from $6,295 and Four Bedroom Apartments start at $6,495.

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.

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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.

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!