Cheap Homes for Rent in Governors Island Neighborhood of New York, NY from $2,300 (52 Rentals)

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

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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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.

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property at 270 Marin Blvd

270 Marin Blvd

Jersey CityNJ07302
property at 50 Bayard St

50 Bayard St

New YorkNY10013

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 1 Clinton St

1 Clinton St

BrooklynNY11201
property at 478 Pacific Ave

478 Pacific Ave

Jersey CityNJ07304
property at 109 3rd St

109 3rd St, Unit 4

109 3rd St
BrooklynNY11231
property at 102 Fulton St

102 Fulton St

New YorkNY10038

New York's Best Affordable Neighborhoods

Learn about New York and the best places to live with original content written by our Local Expert Joshua Carlucci

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property at 10 Regent St

10 Regent St

Jersey CityNJ07302
property at 10 Regent St

10 Regent St

Jersey CityNJ07302
property at 56 Pine St

56 Pine St

New YorkNY10005
property at 75 Wall St

75 Wall St

New YorkNY10005
property at 225 Rector Pl

225 Rector Pl

New YorkNY10280
property at 33 Rector St

33 Rector St

New YorkNY10006
property at 80 Maiden Ln

80 Maiden Ln

New YorkNY10038
property at 30 West St

30 West St

New YorkNY10004
Showing Results 1-50, Page 1 of 2

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 The Montgomery priced from $2,271. Atlas has the second lowest priced unit, which is a Studio apartment currently listed from $2,501. Here are the most affordable Governors Island apartments for rent in New York, NY:

Apartment ListingModel NameBed/BathPriced From
The MontgomeryNStudio,1BA$2,271
AtlasS1Studio,1BA$2,501
LenoxS4Studio,1BA$2,963
295J1 Bedroom B1BR,1BA$3,015
Vantage CollectionStudio1 Bath-E6Studio,1BA$3,075
The AddisonStudio 1 bathStudio,1BA$3,148
The Bergen0 Bed 1 BathStudio,1BA$3,350

Best Value Apartments for Rent in Governors Island, NY

As of May 31, 2025 the best value apartment in the Governors Island area is the $3.14 price per square foot 3 BED 2 BATH Model at 714 5th Ave in the in the Park Slope neighborhood starting from $6,275. The second greatest value Governors Island apartment is the Baldwin Penthouse Model at Windsor at Liberty House starting at $5,995 with a $4.88 price per square foot in the The Waterfront 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.
714 5th Ave3 BED 2 BATH3BR,2BA$3.14
Windsor at Liberty HouseBaldwin Penthouse3BR,2BA$4.88
53 Nassau St, Unit 353 Nassau St3BR,1BA$4.82
354 Butler St, Unit New354 Butler StStudio ,1BA$2.11
177 YORK St, Unit 2177 YORK St2BR,1BA$2.94
260 Gold07 Line 1 Bed 1 Bath1BR,1BA$4.88
Warren at York by WindsorA31BR,1BA$4.93
218 York St, Unit 2218 York St1BR,1BA$4.07
The Gotham1 Bed 1 Bath A1BR,1BA$4.97
295J1 Bedroom B1BR,1BA$4.74

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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Frequently Asked Questions about Governors Island

What type of rentals are currently available in Governors Island?

There are currently 4701 Apartments for Rent in Governors Island, NY with pricing that ranges from $1,050 to $29,500. There are also 268 Single Family Homes for rent, Condos, and Townhome rentals currently available in Governors Island ranging from $2,300 to $27,000.

What is the current price range for Rental Homes in Governors Island?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Governors Island ranges from $2,300 to $27,000 with an average monthly rent of $9,151.

How much are larger Three and Four Bedroom Rentals in Governors Island?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Governors Island range from $1,050 to $29,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,900 to $18,500. Four Bedroom Single-Family rentals are also available starting from $10,000 and Four Bedroom Apartments start at $6,600.

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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.