Cheap Homes for Rent in New York, NY from $700 (527 Rentals)

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property at 1170 E 43rd St

1170 E 43rd St

BrooklynNY11210

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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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.

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.

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.

New York, NY Local Guide

Cheapest Neighborhoods for Apartments in New York, NY

Pricing Updated: 08/13/2025

Current apartment rentals in the New York, NY area range in price from $650 to $60,000 with an overall median price of $6,921. The three New York neighborhoods with the lowest median rent pricing are West Brighton at $1,516, Ollinville at $2,000, and New Springville at $2,295. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for New York Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
West Brighton$1,848$1,5161
Ollinville$2,000$2,0001
New Springville$2,447$2,2951
Norwood$2,450$1,7005
Mariners Park$2,450$1,01761
Hunt's Point$2,581$2,4002
Neponsit & Belle$2,600$2,4502
Bronxwood$2,650$6503
Foxhurst$2,750$2,7001
Starrett City$2,800$2,6002

Cheapest Available New York Apartments for Rent

 

The cheapest available apartment rental in New York, NY is a 2 Beds unit found at Ventnor Flatz in the Prospect Park neighborhood priced from $800. Markham Gardens in the Grymes Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $848. Here is today’s list of the most affordable New York apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ventnor Flatz2 Bedroom/1 Bath2BR,1BA$800
Markham Gardens1 Bedroom1BR,1BA$848
Whitney Young ManorStudioStudio,1BA$1,039
Bay PlazaUnit CStudio,1BA$1,200
14 St Marks PlSTUStudio,$1,200

Best Value Apartments for Rent in New York, NY

As of August 14, 2025 the best value apartment in the New York area is the $0.17 price per square foot 234 Clark Pl Model at 234 Clark Pl, Unit 2R in the in the Elizabeth Port neighborhood starting from $1,650. The second greatest value New York apartment is the 17 Hanford St Model at 17 Hanford St, Unit 1 starting at $2,200 with a $0.22 price per square foot in the Lower Clinton Hill neighborhood. Here is today’s list of the best values for New York apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
234 Clark Pl, Unit 2R234 Clark Pl1BR,1BA$0.17
17 Hanford St, Unit 117 Hanford St3BR,1BA$0.22
200 Lt Glenn Zamorski Dr, Unit Huge and beautiful house200 Lt Glenn Zamorski Dr3BR,2BA$0.44
40 Blueberry Ln, Unit Gorgeous 3b2b Huge Deck40 Blueberry Ln3BR,2BA$0.88
1117 Chestnut St, Unit 11117 Chestnut St3BR,2BA$0.95
1154 Myrtle AveStudio, 1 bathStudio ,1BA$0.01
688 Communipaw Ave688 Communipaw AveStudio ,1BA$0.55
59 Vroom St59 Vroom StStudio ,1BA$0.67
2522 Bedford Ave, Unit 2C2522 Bedford Ave3BR,1BA$0.80
Ventnor Flatz2 Bedroom/1 Bath2BR,1BA$0.94

Quick Rent Budget Calculator

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Frequently Asked Questions about New York

What type of rentals are currently available in New York?

There are currently 74388 Apartments for Rent in New York, NY with pricing that ranges from $650 to $65,000. There are also 6747 Single Family Homes for rent, Condos, and Townhome rentals currently available in New York ranging from $750 to $100,000.

What is the current price range for Rental Homes in New York?

Today's rental pricing for Homes for Rent, Condos and Townhomes in New York ranges from $750 to $100,000 with an average monthly rent of $6,943.

How much are larger Three and Four Bedroom Rentals in New York?

For those who are looking for larger living arrangements, Three Bedroom Apartments in New York range from $1,000 to $65,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $100,000. Four Bedroom Single-Family rentals are also available starting from $1,075 and Four Bedroom Apartments start at $1,140.

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 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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.