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Cheap Apartments for Rent in the Lower East Side Neighborhood of New York, NY from $1,500 (57 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lower East Side area of New York.
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Lower East Side, New York, NY Local Guide
How much does it cost to rent an apartment in Lower East Side?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lower East Side Studio Apartments | $4,009 | $2,380 | $6,495 |
| Lower East Side 1 Bedroom Apartments | $4,892 | $2,750 | $10,000+ |
| Lower East Side 2 Bedroom Apartments | $6,473 | $3,390 | $10,000+ |
| Lower East Side 3 Bedroom Apartments | $9,695 | $5,995 | $10,000+ |
| Lower East Side 4 Bedroom Apartments | $14,662 | $8,995 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 57 rentals with your search options within a 2 mile radius of the Lower East Side Neighborhood of New York, NY.
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Lower East Side, New York, NY Local Guide
- Nearby New York neighborhoods
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Cheapest Available Lower East Side Apartments for Rent
The cheapest available apartment rental in the Lower East Side area of New York, NY is a Studio unit found at Niko East Village priced from $2,925. 11 Stanton Street has the second lowest priced unit, which is a 1 Bed apartment currently listed from $3,299. Here are the most affordable Lower East Side apartments for rent in New York, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Niko East Village | Studio / 1 Bathroom | Studio,1BA | $2,925 |
| 11 Stanton Street | 1 Bedroom / 1 Bathroom | 1BR,1BA | $3,299 |
| 55-61 Delancey Street | 55-C Line 2 Bed 1 Bath | 2BR,1BA | $4,360 |
| 215 E 4th St | 2 Bed 1 Bath | 2BR,1BA | $4,795 |
| Avalon Bowery Place | S1-211-811-and-212-812-513sq | Studio,1BA | $4,805 |
| 195 Stanton | 1 BED | 1BR,1BA | $4,995 |
| Freeman Residences | Studio | Studio,1BA | $6,000 |
| 237 East Fifth Street | 2BR/1BA | 2BR,1BA | $6,250 |
Best Value Apartments for Rent in Lower East Side, NY
As of October 11, 2025 the best value apartment in the Lower East Side area is the $8.05 price per square foot 70 Mercer St Model at 70 Mercer St, Unit 4W in the in the Downtown neighborhood starting from $16,500. The second greatest value Lower East Side apartment is the 2 Bed 1 Bath Model at 215 E 4th St starting at $4,795 with a $5.33 price per square foot in the Gramercy-Flatiron neighborhood. Here is today’s list of the best values for Lower East Side apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 70 Mercer St, Unit 4W | 70 Mercer St | 4BR,3BA | $8.05 |
| 215 E 4th St | 2 Bed 1 Bath | 2BR,1BA | $5.33 |
| 237 East Fifth Street | 2BR/1BA | 2BR,1BA | $7.81 |
| 195 Stanton | 1 BED | 1BR,1BA | $7.68 |
| Freeman Residences | Studio | Studio ,1BA | $9.23 |
| 66 E 1st St, Unit 2A | 66 E 1st St | Studio ,1BA | $6.40 |
| Avalon Bowery Place | S1-PH08-468sq | Studio ,1BA | $11.09 |
| Niko East Village | Studio / 1 Bathroom | Studio ,1BA | $7.20 |
| 55-61 Delancey Street | 55-C Line 2 Bed 1 Bath | 2BR,1BA | $11.85 |
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Pet Friendly LifestyleLower East Side, New York, NY
Ranked #66
Among cities in New York for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Lower East Side, New York, NY
Ps 134 Henrietta Szold
New York City Geographic District 1 Manhattan
Public School - Grades PK-5 (177)
2 out of 10
School data provided by Great Schools
Frequently Asked Questions about Cheap Lower East Side Apartments
What is the Cheapest Studio apartment in Lower East Side?
Currently the most affordable Cheap Studio Apartment in Lower East Side is at Niko East Village listed at $2,925.
How much is rent for a Cheap One Bedroom Lower East Side Apartment?
The lowest price for a Cheap One Bedroom Lower East Side Apartment is $3,299 at 11 Stanton Street.
What is the lowest price for a Cheap Two Bedroom Lower East Side Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lower East Side is starting from $4,360 at 55-61 Delancey Street.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.