
Cheap Apartments for Rent in the Governors Island Neighborhood of New York, NY from $1,000 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in the Governors Island area of New York.


111 Mott St

37 Wall Street

Fulton Plaza Apartments

Post Towers

111 Mulberry St

67 Mott St

28 Allen St
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19 Orchard St

126 E Broadway

88 Fulton St

191 Henry

28 Orchard St

138-139 9th St

138 9th St, Unit Roommate

EHS St George Towers
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354 Butler St

155 Hicks St

354 Butler St, Unit Furnished studio apt

90 Sands

109 Joralemon St

288 Clinton St

323 Pine

Brooklyn Heights
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75 Pineapple St

537 Clinton St

430 13th St

269 Henry St

Andy's Place

358 Henry Street

424 Whiton St Apartments

295J
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Governors Island, New York, NY Local Guide

How much does it cost to rent an apartment in Governors Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Governors Island Studio Apartments | $3,509 | $1,396 | $6,040 |
| Governors Island 1 Bedroom Apartments | $4,390 | $1,050 | $9,490 |
| Governors Island 2 Bedroom Apartments | $5,776 | $2,750 | $10,000+ |
| Governors Island 3 Bedroom Apartments | $6,365 | $2,800 | $10,000+ |
| Governors Island 4 Bedroom Apartments | $7,412 | $6,495 | $8,980 |
| Governors Island 5 Bedroom Apartments | $11,698 | $8,695 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 32 rentals with your search options within a 2 mile radius of the Governors Island Neighborhood of New York, NY.
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Governors Island, New York, NY Local Guide
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Cheapest Available Governors Island Apartments for Rent
 The cheapest available apartment rental in the Governors Island area of New York, NY is a Studio unit found at EHS St George Towers priced from $1,396. 295J has the second lowest priced unit, which is a Studio apartment currently listed from $2,195. Here are the most affordable Governors Island apartments for rent in New York, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| EHS St George Towers | Shared Triple Room | Studio,1BA | $1,396 |
| 295J | Studio B | Studio,1BA | $2,195 |
| Atlas | S1 | Studio,1BA | $2,286 |
| FOUND Study Brooklyn Heights | Single - Studio | Studio,1BA | $2,650 |
| Vantage Collection | Studio1 Bath-E5 | Studio,1BA | $2,850 |
| 225 Grand | Studio | Studio,1BA | $2,925 |
| 70 Greene | Studio | Studio,1BA | $2,946 |
Best Value Apartments for Rent in Governors Island, NY
As of January 13, 2026 the best value apartment in the Governors Island area is the $0.97 price per square foot 133 23rd St Model at 133 23rd St, Unit 3F in the in the Bush Terminal neighborhood starting from $2,915. The second greatest value Governors Island apartment is the 461 3rd Ave Model at 461 3rd Ave, Unit 3 starting at $4,500 with a $4.50 price per square foot in the Park Slope neighborhood. Here is today’s list of the best values for Governors Island apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 133 23rd St, Unit 3F | 133 23rd St | 2BR,2BA | $0.97 |
| 461 3rd Ave, Unit 3 | 461 3rd Ave | 2BR,1BA | $4.50 |
| 18 Park | 2 bed 2 bath | 2BR,2BA | $4.43 |
| 235 Grand | 2 Bedroom - 2 Bathroom | 2BR,2BA | $4.91 |
| 354 Butler St, Unit Furnished studio apt | 354 Butler St | 1BR,1BA | $2.11 |
| 138 9th St, Unit Roommate | 138 9th St | 1BR,1BA | $1.17 |
| 130 Water St, Unit 9C | 130 Water St | 1BR,1BA | $4.93 |
| The Gotham | 1 Bed 1 Bath D | 1BR,1BA | $4.73 |
| 225 Grand | Studio | Studio ,1BA | $4.58 |
| Atlas | S1 | Studio ,1BA | $4.99 |
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 ArticleDon'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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Read ArticleA 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 ArticleQuick 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.
Best Local Schools in Governors Island, New York, NY
Ps 15 Patrick F Daly
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities and towns, and rental properties across New York including Governors Island, New York, and the greater New York City area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, pet-friendly features, places to raise kids, proximity to transit, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Governors Island Apartments
What is a cheap apartment in Governors Island?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Governors Island is under $2,946.
What is the price of a cheap apartment in Governors Island?
The cheapest apartment in Governors Island is 295J which is listed at $2,770, while the average apartment in Governors Island costs $11,300.
What types of apartments are the cheapest in Governors Island?
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 14 regular apartments in Governors Island 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 Governors Island?
Cheap apartments in Governors Island have an average cost of $223 which is $11,077 cheaper than the average rent for all rentals in Governors Island.
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.

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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
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Articles, How-To's, and Tips

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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!