Cheap Homes for Rent in Governors Island Neighborhood of New York, NY from $1,200 (42 Rentals)

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Search the lowest-cost Homes available for rent right now in the Governors Island 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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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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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 247 Grove St

$2,500

1 Bedroom, 1 Bath Home for Rent

Available Now

247 Grove St

Jersey CityNJ07302
Showing Results 1-42, Page 1 of 1

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$2,221
37 Wall Street$4.25/sq.ft. - 17QStudio,1BA$2,276
FOUND Study Brooklyn HeightsSingle - StudioStudio,1BA$2,650
235 GrandStudioStudio,1BA$2,765
225 GrandStudioStudio,1BA$2,970
18 Park1 bed 1 bath1BR,1BA$2,977

Best Value Apartments for Rent in Governors Island, NY

As of December 24, 2025 the best value apartment in the Governors Island area is the $4.33 price per square foot 124 Nassau St Model at 124 Nassau St, Unit 11 in the in the Downtown neighborhood starting from $6,495. The second greatest value Governors Island apartment is the 2 bed, 2 bath Model at The Addison starting at $5,201 with a $4.95 price per square foot in the Downtown Brooklyn 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.
124 Nassau St, Unit 11124 Nassau St3BR,2BA$4.33
The Addison2 bed, 2 bath2BR,2BA$4.95
354 Butler St, Unit Furnished studio apt354 Butler St1BR,1BA$2.11
138 9th St, Unit Roommate138 9th St1BR,1BA$1.17
Liberty TowersA11BR,1BA$5.08
130 Water St, Unit 9C130 Water St1BR,1BA$4.93
The Gotham1 Bed 1 Bath F1BR,1BA$4.98
18 ParkStudioStudio ,1BA$4.68
225 GrandStudioStudio ,1BA$4.65
AtlasS1Studio ,1BA$4.85

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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Pet Friendly Lifestyle
Governors Island, New York, NY

Ranked #8

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
Governors Island, New York, NY

School data provided by Great Schools

Frequently Asked Questions about Governors Island

What type of rentals are currently available in Governors Island?

There are currently 4621 Apartments for Rent in Governors Island, NY with pricing that ranges from $1,050 to $22,500. There are also 592 Single Family Homes for rent, Condos, and Townhome rentals currently available in Governors Island ranging from $1,280 to $37,500.

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 $1,280 to $37,500 with an average monthly rent of $5,663.

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 $2,800 to $9,999, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,280 to $20,250. Four Bedroom Single-Family rentals are also available starting from $5,200 and Four Bedroom Apartments start at $6,495.

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.

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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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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!