
Cheap Homes for Rent in New York, NY from $700 (826 Rentals)
Search the lowest-cost Homes available for rent right now in New York.


Furnished room/NOT APARTMENT, Unit 3FL

62 Dehart Pl

267 Covert St.

2308 Kerrigan Ave, Unit Room Rental

535 E 29th St

210 E 55th St

109 Vassar Ave, Unit PRIVATE Room ONLY Shared

148 Chilton St

1023 Voorhees St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

881 New York Ave

Furnished room/NOT APARTMENT, Unit 2

Furnished room/NOT APARTMENT, Unit 3L

Furnished room/NOT APARTMENT, Unit 8

Furnished room/NOT APARTMENT, Unit 3

631 Elm St

Furnished room/NOT APARTMENT, Unit 2L

Furnished room/NOT APARTMENT, Unit 1R

Furnished room/NOT APARTMENT, Unit 1R

Furnished room/NOT APARTMENT, Unit 2
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Furnished room/NOT APARTMENT, Unit 3L

Furnished room/NOT APARTMENT, Unit 2

546 Summit Ave

517 Walnut St, Unit second

Furnished room/NOT APARTMENT, Unit 3

Nice room in a good neighborhood, Unit 3B

Furnished room/NOT APARTMENT, Unit 3FL

Furnished room/NOT APARTMENT, Unit 4

Furnished room/NOT APARTMENT, Unit 4B

Furnished room/NOT APARTMENT, Unit 2B
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.

Bright & Modern Living Space in a Prime NYC Location, Unit 6E

CORNELIA STREET, Unit 2B

CORNELIA STREET, Unit 2B

244 Frank Ave

857 Cleveland St

83-33 118th St

6155 Broadway

857 Cleveland St

210 Benson Ave

244 Frank Ave
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.

340 Fairmount Ave

225-18 S Conduit Ave

86-91 208th St

62 Newkirk St

Furnished room/NOT APARTMENT, Unit 6D

11-09 36th Ave, Unit 3

Furnished room/NOT APARTMENT, Unit 4

Furnished room/NOT APARTMENT, Unit 3

Room in Shared 5 bed/2 bath home in Sunset Park, Unit D

Furnished room/NOT APARTMENT, Unit 3
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.
New York, NY Local Guide

How much does it cost to rent a home in New York?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New York 2 Bedroom Homes for Rent | $4,124 | $1,630 | $10,000+ |
| New York 3 Bedroom Homes for Rent | $3,709 | $1,120 | $10,000+ |
| New York 4 Bedroom Homes for Rent | $3,418 | $750 | $10,000+ |
| New York 5 Bedroom Homes for Rent | $4,012 | $1,000 | $10,000+ |
| New York 6 Bedroom Homes for Rent | $5,568 | $850 | $10,000+ |
| New York 7 Bedroom Homes for Rent | $4,080 | $1,160 | $10,000+ |
Browse Top Homes for Rent in New York
Explore New York
New York, NY Local Guide
- New York Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in New York, NY
Pricing Updated: 07/18/2026Current apartment rentals in the New York, NY area range in price from $750 to $79,000 with an overall median price of $6,261. The three New York neighborhoods with the lowest median rent pricing are Bronxwood at $1,200, Fieldston at $1,200, and Bronx Park at $1,200. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for New York Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Bronxwood | $1,200 | $1,200 | 1 |
| Fieldston | $1,200 | $1,200 | 1 |
| Bronx Park | $1,567 | $1,200 | 2 |
| Morrisania | $1,700 | $1,700 | 1 |
| Morris Heights | $1,700 | $1,700 | 1 |
| Astor Row | $1,790 | $1,790 | 1 |
| Little Senegal | $1,810 | $1,630 | 2 |
| Arden Heights | $2,200 | $1,875 | 2 |
| Norwood | $2,367 | $1,934 | 2 |
| Bath Beach | $2,500 | $1,250 | 1 |
Cheapest Available New York Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mirador at Union City | 1 BR | 1BR,1BA | $800 |
| Whitney Young Manor | Studio | Studio,1BA | $1,039 |
Best Value Apartments for Rent in New York, NY
As of July 19, 2026 the best value apartment in the New York area is the $1.00 price per square foot 472 Myrtle Ave Model at 472 Myrtle Ave, Unit RETAIL in the in the Downtown Brooklyn neighborhood starting from $6,500. The second greatest value New York apartment is the 123 Liberty St Model at 123 Liberty St, Unit 3 starting at $2,650 with a $0.53 price per square foot . Here is today’s list of the best values for New York apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 472 Myrtle Ave, Unit RETAIL | 472 Myrtle Ave | 1BR,1BA | $1.00 |
| 123 Liberty St, Unit 3 | 123 Liberty St | 3BR,1BA | $0.53 |
| 1154 Myrtle Ave | Studio, 1 bath | Studio ,1BA | $0.02 |
| 804 Lafayette Ave | 804 Lafayette Ave | 1BR,1BA | $1.12 |
| 140 E Jersey St, Unit 1 | 140 E Jersey St | 3BR,1BA | $1.10 |
| 779 Montgomery St | 779 Montgomery St | Studio ,1BA | $0.60 |
| 540 Mercer St | 540 Mercer St | 1BR,1BA | $0.75 |
| 664 Pennsylvania Ave, Unit 2 | 664 Pennsylvania Ave | 3BR,1BA | $0.65 |
| 2710 Parsons Blvd, Unit Unit1 | 2710 Parsons Blvd | 1BR,1BA | $0.80 |
| 455 Jerome St, Unit #2B | 455 Jerome St | 1BR,1BA | $0.90 |
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.
Read ArticleDon'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.
Read ArticleA 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
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore New York, NY Rentals by Map
See the most popular apartments and homes in New York, NY
New York, NY Area Reviews
Virginia • 4+ years in New York
October 16, 2025Good vibes - but the stores could be better. Too many junk stores and nail salons. Not enough food stores - and the ones here are rather pricey. Not pet friendly - yet another service presented by the greedy landlords--rents are too high.
Frequently Asked Questions about New York
What type of rentals are currently available in New York?
There are currently 75228 Apartments for Rent in New York, NY with pricing that ranges from $735 to $37,680. There are also 5743 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 $3,703.
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 $1,100 to $37,680, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,120 to $36,910. Four Bedroom Single-Family rentals are also available starting from $750 and Four Bedroom Apartments start at $1,400.
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

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.

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.

The Local NYC Expert's 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.

The Unofficial NYC Playbook: An Insider's Guide to Where to Eat, Roam, and Find Your Home in the City That Never Sleeps
Written by: Joshua Carlucci
Every block of New York City feels like a stage set for daily life.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.