Cheap Homes for Rent in New York, NY from $850 (838 Rentals)

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Search the lowest-cost Homes available for rent right now in New York.

property at 455 Jerome St
$850

Total Monthly Price

Base Rent$850
Total Monthly Price$850
1 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

455 Jerome St

BrooklynNY11207
  • Smoke Free
property at 1023 Voorhees St
$950 - $1,100

Total Monthly Price

Base Rent$950 - $1,100
Total Monthly Price$950 - $1,100
1 Bedroom, 1 Bath Home for Rent
Available Now
Furnished

1023 Voorhees St

HillsideNJ07205

Beyond the Bridges: Brooklyn, Queens, Jersey City, and the Other Smart Moves for NYC Renters

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property at 115 Harrison Ave
$1,080

Total Monthly Price

Base Rent$1,080
Total Monthly Price$1,080
Studio, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

115 Harrison Ave

Jersey CityNJ07304

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.

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property at 14224 250th St
$1,200

Total Monthly Price

Base Rent$1,200
Total Monthly Price$1,200
1 Bedroom, 1 Bath Home for Rent
Available Now

14224 250th St

RosedaleNY11422

The Unofficial NYC Playbook: An Insider's Guide to Where to Eat, Roam, and Find Your Home in the City That Never Sleeps

Moving to NYC? Go beyond the landmarks. Our local expert shares an insider's guide to New York City's neighborhoods, finding your rhythm, and making the city feel like home.

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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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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New York, NY Local Guide

Cheapest Neighborhoods for Apartments in New York, NY

Pricing Updated: 09/03/2026

Current apartment rentals in the New York, NY area range in price from $890 to $37,060 with an overall median price of $4,344. The three New York neighborhoods with the lowest median rent pricing are Norwood at $1,950, Hunt's Point at $2,000, and Tompkinsville 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
Norwood$1,950$1,7003
Hunt's Point$2,000$2,0001
Tompkinsville$2,100$2,1001
Edgewater Park$2,175$2,1002
Graniteville$2,269$1,70012
Mariners Park$2,286$1,01767
University Heights$2,355$2,3552
Charleston$2,355$89038
Fieldston$2,375$1,20013
Travis Chelsea$2,412$1,70075

Cheapest Available New York Apartments for Rent

 

The cheapest available apartment rental in New York, NY is a 1 Bed unit found at Mirador at Union City in the The Heights neighborhood priced from $800. Whitney Young Manor in the Getty Square neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,039. Here is today’s list of the most affordable New York apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mirador at Union City1 BR1BR,1BA$800
Whitney Young ManorStudioStudio,1BA$1,039
Verrazano Garden ApartmentsStudioStudio,1BA$1,056
214 68th St1 Bed 1 Bath1BR,1BA$1,200

Best Value Apartments for Rent in New York, NY

As of September 03, 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 26 Hudson Pl Model at 26 Hudson Pl, Unit 1st Floor starting at $2,800 with a $1.12 price per square foot in the Union 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.
472 Myrtle Ave, Unit RETAIL472 Myrtle Ave1BR,1BA$1.00
26 Hudson Pl, Unit 1st Floor26 Hudson Pl1BR,1BA$1.12
49 Maiden Ln, Unit 149 Maiden Ln3BR,1.5BA$1.19
140 E Jersey St, Unit 1140 E Jersey St3BR,1BA$1.10
3223 105th St, Unit 3223 105 St3223 105th St2BR,2BA$1.30
540 Mercer St540 Mercer St1BR,1BA$0.75
59 Vroom St59 Vroom St1BR,1BA$0.74
292 Claremont Ave, Unit 3 Bedroom 1 Bathroom Units292 Claremont Ave3BR,1BA$1.26
227-03 113th Ave, Unit 1227-03 113th Ave1BR,1BA$1.00
647 Anderson Ave, Unit Fl. 3647 Anderson Ave1BR,1BA$1.29

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.

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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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A 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

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Real 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.

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New York, NY Area Reviews

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Virginia • 4+ years in New York

October 16, 2025

Good 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 75403 Apartments for Rent in New York, NY with pricing that ranges from $735 to $37,060. There are also 5302 Single Family Homes for rent, Condos, and Townhome rentals currently available in New York ranging from $800 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 $800 to $100,000 with an average monthly rent of $3,776.

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 $1,397 to $37,060, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,175 to $43,500. Four Bedroom Single-Family rentals are also available starting from $800 and Four Bedroom Apartments start at $1,200.

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

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Beyond the Bridges: Brooklyn, Queens, Jersey City, and the Other Smart Moves for NYC Renters

Written by: Joshua Carlucci

I'm Josh, your ApartmentHomeLiving.com Local Expert for New York City, and I live in the Lower East Side of Manhattan. I love it here.

decorative image for The Unofficial NYC Playbook: An Insider's Guide to Where to Eat, Roam, and Find Your Home in the City That Never Sleeps article

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.

decorative image for The Local NYC Expert's Guide to the Perfect Neighborhoods Near Top Employers article

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.

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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.

Articles, How-To's, and Tips

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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.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.