Cheap Apartments for Rent in the Lower East Side Neighborhood of New York, NY from $1,500 (100 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lower East Side area of New York.

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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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111 Mott St
1 Bedroom Apartments

111 Mott St

111 Mott StNew York, NY 10013
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116-120 Mott St
Studio to 1 Bedroom Apartments

116-120 Mott St

116-120 Mott StNew York, NY 10013
  • Utilities Included

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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166 Suffolk St
Studio Apartments

166 Suffolk St

166 Suffolk StNew York, NY 10002
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314 E 6th St
Studio Apartments

314 E 6th St

314 E 6th StNew York, NY 10003
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153 Avenue C
1 Bedroom Apartments

153 Avenue C

153 Avenue CNew York, NY 10009
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Lower East Side, New York, NY Local Guide

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 112 East 7th Street priced from $2,600. 514 East 5th Street has the second lowest priced unit, which is a Studio apartment currently listed from $2,620. Here are the most affordable Lower East Side apartments for rent in New York, NY:

Apartment ListingModel NameBed/BathPriced From
112 East 7th Street112 EAST 7TH STREET - STUDIO / 1 BATHStudio,1BA$2,600
514 East 5th Street514 EAST 5TH STREET - 2 ROOM STUDIO / 1 BATHStudio,1BA$2,620
624 E 11th StreetStudio / 1 BathroomStudio,1BA$2,899
32 East 7th Street32 EAST 7TH STREET - 2 BR / 1 BATH2BR,1BA$2,995
197 E 4th St1 bed/ 1bath1BR,1BA$3,300
Niko East VillageStudio / 1 BathroomStudio,1BA$3,350
11 Stanton Street1 Bedroom / 1 Bathroom1BR,1BA$3,399
Stella LES9B - Studio/1BA, TerraceStudio,1BA$4,900
55-61 Delancey Street61-C Line 3 Bed 1 Bath3BR,1BA$5,235

Best Value Apartments for Rent in Lower East Side, NY

As of June 24, 2025 the best value apartment in the Lower East Side area is the $8.20 price per square foot 4BR/1BA Model at 104-106 Second Ave in the in the Gramercy-Flatiron neighborhood starting from $9,845. The second greatest value Lower East Side apartment is the 8E - 2BR/2BA Model at Stella LES starting at $8,500 with a $7.33 price per square foot in the Downtown neighborhood. Here is today’s list of the best values for Lower East Side apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
104-106 Second Ave4BR/1BA4BR,1BA$8.20
Stella LES8E - 2BR/2BA2BR,2BA$7.33
197 E 4th St3 Bed/1.5 Bath3BR,1.5BA$7.78
32 East 7th Street32 EAST 7TH STREET - 2 BR / 1 BATH2BR,1BA$3.33
55-61 Delancey Street61-C Line 3 Bed 1 Bath3BR,1BA$8.05
Niko East Village1 Bedroom / 1 Bathroom1BR,1BA$7.00
277 Mott St, Unit 1R277 Mott St1BR,1BA$9.04
112 East 7th Street112 EAST 7TH STREET - STUDIO / 1 BATHStudio ,1BA$13.00
514 East 5th Street514 EAST 5TH STREET - 2 ROOM STUDIO / 1 BATHStudio ,1BA$13.10
624 E 11th StreetStudio / 1 BathroomStudio ,1BA$2,899.00

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Pet Friendly Lifestyle
Lower East Side, New York, NY

Ranked #102

Among neighborhoods in New York, NY for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Lower East Side, New York, NY

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 112 East 7th Street listed at $2,600.

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 $3,300 at 197 E 4th St.

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 $2,995 at 32 East 7th Street.

What is the most affordable Lower East Side Three Bedroom Apartment?

The best deal on a cheap Lower East Side Three Bedroom Apartment rental is at 55-61 Delancey Street and starts from $5,235.

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.