Cheap Homes for Rent in Governors Island Neighborhood of New York, NY from $1,300 (32 Rentals)

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

property at 145 Grand St

145 Grand St

Jersey CityNJ07302
property at 101 Pioneer St

101 Pioneer St

BrooklynNY11231
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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 1 Bed unit found at EHS St George Towers priced from $1,500. 37 Wall Street has the second lowest priced unit, which is a Studio apartment currently listed from $2,211. Here are the most affordable Governors Island apartments for rent in New York, NY:

Apartment ListingModel NameBed/BathPriced From
EHS St George TowersShared Triple Room1BR,1BA$1,500
37 Wall Street$4.25/sq.ft. - 17QStudio,1BA$2,211
295JStudio BStudio,1BA$2,358
AtlasS1Studio,1BA$2,473
The Bergen0 Bed 1 BathStudio,1BA$2,493
Vantage CollectionStudio-E.16-IIStudio,1BA$2,710
235 GrandStudioStudio,1BA$2,730
70 GreeneStudioStudio,1BA$2,803

Best Value Apartments for Rent in Governors Island, NY

As of November 09, 2025 the best value apartment in the Governors Island area is the $4.35 price per square foot 20 Maiden Ln Model at 20 Maiden Ln, Unit 17 in the in the Downtown neighborhood starting from $8,695. The second greatest value Governors Island apartment is the $3.92/sq.ft. - 22M Model at 37 Wall Street starting at $5,105 with a $3.74 price per square foot in the Downtown 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.
20 Maiden Ln, Unit 1720 Maiden Ln5BR,2.5BA$4.35
37 Wall Street$3.92/sq.ft. - 22M2BR,2BA$3.74
143 Sussex St, Unit Apt. #4143 Sussex St1BR,1BA$3.89
138 9th St, Unit Roommate138 9th St1BR,1BA$1.17
354 Butler St, Unit Studio354 Butler StStudio ,1BA$2.11
135 Sussex St, Unit 1135 Sussex St2BR,2BA$4.50
15 Warren St, Unit 31915 Warren St1BR,1BA$4.92
The Gotham1 Bed 1 Bath D1BR,1BA$4.79
18 ParkStudioStudio ,1BA$4.42
225 GrandStudioStudio ,1BA$4.50

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Pet Friendly Lifestyle
Governors Island, New York, NY

Ranked #7

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 4614 Apartments for Rent in Governors Island, NY with pricing that ranges from $1,050 to $25,200. There are also 585 Single Family Homes for rent, Condos, and Townhome rentals currently available in Governors Island ranging from $1,300 to $28,000.

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 $1,300 to $28,000 with an average monthly rent of $6,177.

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 $3,850 to $14,100, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,630 to $20,250. Four Bedroom Single-Family rentals are also available starting from $1,300 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.

decorative image for The 10 Best Affordable Neighborhoods for Renting in New York City article

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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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! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.