Cheap Homes for Rent in Governors Island Neighborhood of New York, NY from $1,700 (27 Rentals)
Search the lowest-cost Homes available for rent right now in the Governors Island area of New York.

200 Congress St

200 Rector Pl

Room in Shared 3 bed/1 bath home

Room in Shared 3 bed/1 bath home
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.

Room in Shared 3 bed/1 bath home

Room in Shared 3 bed/1 bath home

Room in Shared 3 bed/1 bath home

Room in Shared 3 bed/1 bath home

Room in Shared 3 bed/1 bath home
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.

Room in Shared 3 bed/1 bath home

Room in Shared 3 bed/1 bath home

Room in Shared 3 bed/1 bath home

Room in Shared 3 bed/1 bath home
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.

Room in Shared 3 bed/1 bath home

Room in Shared 3 bed/1 bath home

270 Marin Blvd

Room in Shared 3 bed/1 bath home

Room in Shared 3 bed/1 bath home
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.

Room in Shared 3 bed/1 bath home

270 Marin Blvd

393-395 5th Ave
Governors Island, New York, NY Local Guide

How much does it cost to rent a home in Governors Island?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Governors Island 2 Bedroom Homes for Rent | $5,707 | $2,800 | $10,000+ |
Governors Island 3 Bedroom Homes for Rent | $6,608 | $1,830 | $10,000+ |
Governors Island 4 Bedroom Homes for Rent | $12,613 | $6,995 | $10,000+ |
Governors Island 5 Bedroom Homes for Rent | $18,000 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 27 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 1 Bed unit found at EHS St George Towers priced from $1,500. Webster Apartments- ALL WOMENS HOUSING has the second lowest priced unit, which is a Studio apartment currently listed from $2,300. 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 | 1BR,1BA | $1,500 |
Webster Apartments- ALL WOMENS HOUSING | Studio: Single | Studio,1BA | $2,300 |
Atlas | S1 | Studio,1BA | $2,692 |
Essex Commons | Model K | 1BR,1BA | $2,800 |
225 Grand | Studio | Studio,1BA | $2,908 |
The Bergen | 0 Bed 1 Bath | Studio,1BA | $2,966 |
235 Grand | Studio | Studio,1BA | $2,980 |
Vantage Collection | Studio-E.16-II | Studio,1BA | $3,180 |
Best Value Apartments for Rent in Governors Island, NY
As of September 15, 2025 the best value apartment in the Governors Island area is the $1.39 price per square foot $4.25/sq.ft. - 17Q Model at 37 Wall Street in the in the Downtown neighborhood starting from $3,325. The second greatest value Governors Island apartment is the 2BR/1B Model at 77 Chrystie St starting at $4,500 with a $4.09 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
37 Wall Street | $4.25/sq.ft. - 17Q | Studio ,1BA | $1.39 |
77 Chrystie St | 2BR/1B | 2BR,1BA | $4.09 |
77 Chrystie St, Unit 4 | 77 Chrystie St | 2BR,1BA | $4.09 |
Warren at York by Windsor | B2 | 2BR,2BA | $4.88 |
The Gotham | 2 Bed 2 Bath D | 2BR,2BA | $4.55 |
354 Butler St, Unit Studio | 354 Butler St | Studio ,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 |
Essex Commons | Model W | 1BR,1BA | $4.38 |
225 Grand | Studio | Studio ,1BA | $4.55 |
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.
Pet Friendly LifestyleGovernors Island, New York, NY
Ranked #26
Among cities in New York for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Governors Island, New York, NY
Ps 15 Patrick F Daly
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 4603 Apartments for Rent in Governors Island, NY with pricing that ranges from $1,000 to $21,750. There are also 616 Single Family Homes for rent, Condos, and Townhome rentals currently available in Governors Island ranging from $1,750 to $40,000.
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 $1,750 to $40,000 with an average monthly rent of $8,487.
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 $1,000 to $14,100, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,830 to $24,950. Four Bedroom Single-Family rentals are also available starting from $6,995 and Four Bedroom Apartments start at $6,950.
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.

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.

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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.