Cheap Apartments for Rent in the Governors Island Neighborhood of New York, NY from $1,000 (32 Rentals)

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

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116 John St
Studio to 2 Bedroom Apartments

116 John St

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

111 Mott St

111 Mott StNew York, NY 10013
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37 Wall Street
Studio to 2 Bedroom Apartments

37 Wall Street

37 Wall StNew York, NY 10005
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Post Towers
Studio to 3 Bedroom Apartments

Post Towers

71 West StNew York, NY 10006
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111 Mulberry St
Studio to 1 Bedroom Apartments

111 Mulberry St

111 Mulberry StNew York, NY 10013
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67 Mott St
1 Bedroom Apartments

67 Mott St

67 Mott StNew York, NY 10013
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28 Allen St
Studio to 1 Bedroom Apartments

28 Allen St

28 Allen StNew York, NY 10002
  • 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.

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19 Orchard St
1 to 3 Bedroom Apartments

19 Orchard St

19 Orchard StNew York, NY 10002
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126 E Broadway
Studio to 1 Bedroom Apartments

126 E Broadway

126 E BroadwayNew York, NY 10002
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88 Fulton St
Studio to 3 Bedroom Apartments

88 Fulton St

88 Fulton StNew York, NY 10038
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191 Henry
Studio to 2 Bedroom Apartments

191 Henry

191 Henry StNew York, NY 10002
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28 Orchard St
Studio to 2 Bedroom Apartments

28 Orchard St

28 Orchard StNew York, NY 10002
  • Utilities Included

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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90 Sands
Studio to 1 Bedroom Apartments

90 Sands

90 Sands StBrooklyn, NY 11201
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109 Joralemon St
Studio Apartments

109 Joralemon St

109 Joralemon StBrooklyn, NY 11201
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288 Clinton St
1 Bedroom Apartments

288 Clinton St

288 Clinton StBrooklyn, NY 11201
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323 Pine
1 to 2 Bedroom Apartments

323 Pine

323-325 Pine StJersey City, NJ 07304
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Brooklyn Heights
Studio to 1 Bedroom Apartments

Brooklyn Heights

138 Joralemon StBrooklyn, NY 11201

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.

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75  Pineapple St
Studio to 2 Bedroom Apartments

75 Pineapple St

75 Pineapple StBrooklyn, NY 11201
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537 Clinton St
1 Bedroom Apartments

537 Clinton St

537 Clinton StBrooklyn, NY 11231
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430 13th St
Studio to 3 Bedroom Apartments

430 13th St

430 13th StBrooklyn, NY 11215
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269 Henry St
Studio to 1 Bedroom Apartments

269 Henry St

269 Henry StBrooklyn, NY 11201
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Andy's Place
1 Bedroom Apartments

Andy's Place

215 20th StBrooklyn, NY 11232
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358 Henry Street
Studio to 1 Bedroom Apartments

358 Henry Street

358 Henry StBrooklyn, NY 11201
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295J
Studio to 3 Bedroom Apartments

295J

295 Johnston AveJersey City, NJ 07304

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.

Governors Island, New York, NY Local Guide

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 ListingModel NameBed/BathPriced From
EHS St George TowersShared Triple RoomStudio,1BA$1,396
295JStudio BStudio,1BA$2,195
AtlasS1Studio,1BA$2,286
FOUND Study Brooklyn HeightsSingle - StudioStudio,1BA$2,650
Vantage CollectionStudio1 Bath-E5Studio,1BA$2,850
225 GrandStudioStudio,1BA$2,925
70 GreeneStudioStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
133 23rd St, Unit 3F133 23rd St2BR,2BA$0.97
461 3rd Ave, Unit 3461 3rd Ave2BR,1BA$4.50
18 Park2 bed 2 bath2BR,2BA$4.43
235 Grand2 Bedroom - 2 Bathroom2BR,2BA$4.91
354 Butler St, Unit Furnished studio apt354 Butler St1BR,1BA$2.11
138 9th St, Unit Roommate138 9th St1BR,1BA$1.17
130 Water St, Unit 9C130 Water St1BR,1BA$4.93
The Gotham1 Bed 1 Bath D1BR,1BA$4.73
225 GrandStudioStudio ,1BA$4.58
AtlasS1Studio ,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.

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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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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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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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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

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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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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

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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.

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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!