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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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property at 322 E 120th St

322 E 120th St

New YorkNY10035

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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New York's Best Affordable Neighborhoods

Learn about New York and the best places to live with original content written by our Local Expert Joshua Carlucci

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New York, NY Local Guide

Cheapest Neighborhoods for Apartments in New York, NY

Pricing Updated: 06/29/2025

Current apartment rentals in the New York, NY area range in price from $890 to $50,000 with an overall median price of $6,426. The three New York neighborhoods with the lowest median rent pricing are Mount Hope at $2,000, Hunt's Point at $1,500, and West Farms at $2,100. 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
Mount Hope$2,000$2,0001
Hunt's Point$2,042$1,5002
West Farms$2,100$2,1001
Starrett City$2,200$1,1003
Astor Row$2,450$2,4501
Broadway Junction$2,800$1,9003
Woodrow$2,820$1,695107
Parkchester$2,850$1,5507
Clifton$2,900$2,2002
Fieldston$3,000$1,70024

Cheapest Available New York Apartments for Rent

 

The cheapest available apartment rental in New York, NY is a 1 Bed unit found at Ventnor Flatz in the Prospect Park neighborhood priced from $700. 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 Flatz1 Bedroom/1 Bath1BR,1BA$700
Markham Gardens1 Bedroom1BR,1BA$848
Whitney Young ManorStudioStudio,1BA$1,039
Royale at Highland Park44BR,3BA$1,050
14 St Marks PlSTUStudio,$1,100

Best Value Apartments for Rent in New York, NY

As of June 29, 2025 the best value apartment in the New York area is the $0.65 price per square foot 346 Arlington Ave Model at 346 Arlington Ave, Unit 346 Arlington Ave in the in the Martin Luther King-Bergen neighborhood starting from $6,500. The second greatest value New York apartment is the 350 Arlington Ave Model at 350 Arlington Ave starting at $2,500 with a $0.25 price per square foot in the Martin Luther King-Bergen 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.
346 Arlington Ave, Unit 346 Arlington Ave346 Arlington Ave5BR,5BA$0.65
350 Arlington Ave350 Arlington Ave1BR,1.5BA$0.25
1284 Arnow Ave, Unit 11284 Arnow Ave3BR,2BA$0.97
471 PALISADE Ave, Unit 2471 PALISADE Ave2BR,1BA$1.16
688 Communipaw Ave688 Communipaw AveStudio ,1BA$0.55
285 Albourne Ave285 Albourne Ave2BR,1.5BA$1.20
540 Mercer St540 Mercer St1BR,1BA$0.55
544 Mercer St, Unit 2544 Mercer StStudio ,1BA$0.60
664 Pennsylvania Ave, Unit 3664 Pennsylvania Ave3BR,2BA$0.73
Ventnor Flatz1 Bedroom/1 Bath1BR,1BA$1.00

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 74743 Apartments for Rent in New York, NY with pricing that ranges from $735 to $65,000. There are also 5926 Single Family Homes for rent, Condos, and Townhome rentals currently available in New York ranging from $650 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 $650 to $100,000 with an average monthly rent of $7,853.

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 $65,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,125 to $100,000. Four Bedroom Single-Family rentals are also available starting from $1,175 and Four Bedroom Apartments start at $1,020.

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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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.