Cheap Homes for Rent in New York, NY from $700 (1,144 Rentals)

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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 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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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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Showing Results 1-50, Page 1 of 23

New York, NY Local Guide

Cheapest Neighborhoods for Apartments in New York, NY

Pricing Updated: 12/28/2025

Current apartment rentals in the New York, NY area range in price from $800 to $60,000 with an overall median price of $7,506. The three New York neighborhoods with the lowest median rent pricing are Manhattan Beach at $1,200, Annadale at $1,750, and Clifton at $2,200. 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
Manhattan Beach$1,500$1,2002
Annadale$2,200$1,7503
Clifton$2,200$2,2001
Eltingville$2,200$1,7503
Great Kills$2,200$1,7504
Norwood$2,450$1,7003
University Heights$2,450$2,4501
Castleton Corners$2,500$2,5001
Emerson Hill$2,700$1,8003
Woodrow$2,750$1,750103

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 $750. 41 Leick Ave in the Arden Heights neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $800. 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$750
41 Leick AveStudio, 1 bathStudio,1BA$800
Bay PlazaUnit CStudio,1BA$950
The Astra - Income RestrictedStudioStudio,1BA$1,013
Whitney Young ManorStudioStudio,1BA$1,039

Best Value Apartments for Rent in New York, NY

As of December 28, 2025 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 ListingModel NameBed/BathPrice Per Sq.Ft.
472 Myrtle Ave, Unit RETAIL472 Myrtle Ave1BR,1BA$1.00
123 Liberty St, Unit 3123 Liberty St3BR,1BA$0.53
487 Mercer St, Unit 2nd Fl Apt487 Mercer St3BR,1BA$0.54
213 E 9th Ave, Unit 2nd213 E 9th Ave3BR,1.5BA$0.88
59 Vroom St59 Vroom StStudio ,1BA$0.60
604 Remsen Ave, Unit 604 Remsen Ave. Unit 3604 Remsen Ave2BR,1BA$1.25
779 Montgomery St779 Montgomery StStudio ,1BA$0.60
329 Elizabeth Ave, Unit 3329 Elizabeth Ave3BR,1BA$1.31
138 9th St, Unit Roommate138 9th St1BR,1BA$1.17
Ventnor Flatz2 Bedroom/1 Bath2BR,1BA$0.88

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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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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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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Quick 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.

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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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See the most popular apartments and homes in New York, NY

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New York, NY Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

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 75036 Apartments for Rent in New York, NY with pricing that ranges from $735 to $60,000. There are also 6829 Single Family Homes for rent, Condos, and Townhome rentals currently available in New York ranging from $750 to $77,000.

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 $77,000 with an average monthly rent of $4,182.

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 $39,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $77,000. Four Bedroom Single-Family rentals are also available starting from $925 and Four Bedroom Apartments start at $1,600.

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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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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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.

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The Local NYC Experts 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.

Articles, How-To's, and Tips

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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!