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Don'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.

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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.

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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 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.

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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.

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property at 12238 Benton St

12238 Benton St

Springfield GardensNY11413
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New York, NY Local Guide

Cheapest Neighborhoods for Apartments in New York, NY

Pricing Updated: 09/28/2025

Current apartment rentals in the New York, NY area range in price from $650 to $60,000 with an overall median price of $7,008. The three New York neighborhoods with the lowest median rent pricing are Emerson Hill at $1,775, New Springville at $1,700, and Randall Manor at $1,800. 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
Emerson Hill$1,775$1,7751
New Springville$1,800$1,7002
Randall Manor$1,800$1,8001
West Brighton$1,824$1,5162
Annadale$2,250$1,8002
Bay Terrace$2,250$1,7754
Eltingville$2,250$1,7753
Great Kills$2,250$1,7753
Lighthouse Hill$2,250$1,7753
Richmond Town$2,250$1,7754

Cheapest Available New York Apartments for Rent

 

The cheapest available apartment rental in New York, NY is a Studio unit found at 1154 Myrtle Ave in the Bedford Stuyvesant neighborhood priced from $30. 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
1154 Myrtle AveStudio, 1 bathStudio,1BA$30
Markham Gardens1 Bedroom1BR,1BA$848
41 Leick AveApartment1BR,1BA$1,000
The Astra - Income RestrictedStudioStudio,1BA$1,013
Whitney Young ManorStudioStudio,1BA$1,039

Best Value Apartments for Rent in New York, NY

As of September 28, 2025 the best value apartment in the New York area is the $0.60 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 $6,000. The second greatest value New York apartment is the 86 Prospect St Model at 86 Prospect St, Unit #1 starting at $3,750 with a $0.38 price per square foot in the The Heights 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$0.60
86 Prospect St, Unit #186 Prospect St4BR,2BA$0.38
305 Chadwick Ave305 Chadwick Ave3BR,1BA$0.18
350 Arlington Ave350 Arlington Ave1BR,1.5BA$0.25
785 Audrey Dr, Unit 1785 Audrey Dr2BR,1BA$0.22
862 E 217th St, Unit 2862 E 217th St3BR,1BA$0.93
1154 Myrtle AveStudio, 1 bathStudio ,1BA$0.01
59 Vroom St59 Vroom StStudio ,1BA$0.67
688 Communipaw Ave688 Communipaw AveStudio ,1BA$0.71
6158 56th St, Unit 26158 56th St1BR,1BA$1.13

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore New York, NY Rentals by Map

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Frequently Asked Questions about New York

What type of rentals are currently available in New York?

There are currently 74328 Apartments for Rent in New York, NY with pricing that ranges from $650 to $60,000. There are also 7377 Single Family Homes for rent, Condos, and Townhome rentals currently available in New York ranging from $725 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 $725 to $100,000 with an average monthly rent of $8,168.

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 $32,780, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,050 to $100,000. Four Bedroom Single-Family rentals are also available starting from $950 and Four Bedroom Apartments start at $1,897.

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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Kansas Citys Major Employers & the Best Places to Rent Near Them | A Local Expert Guide

Written by: Amber Kanuckel

Hey, there! I’m Amber, your ApartmentHomeLiving.com local expert for Kansas City, and I’m back with my recommendations for top employers in the area.

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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! 

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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.