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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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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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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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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 | $3,753 | $2,700 | $5,670 |
| Lower East Side 1 Bedroom Apartments | $4,793 | $2,500 | $10,000+ |
| Lower East Side 2 Bedroom Apartments | $6,349 | $3,000 | $10,000+ |
| Lower East Side 3 Bedroom Apartments | $9,633 | $5,500 | $10,000+ |
| Lower East Side 4 Bedroom Apartments | $13,482 | $6,600 | $10,000+ |
| Lower East Side 5 Bedroom Apartments | $9,250 | $9,250 | $9,250 |
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
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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 $3,100. The Suffolk has the second lowest priced unit, which is a Studio apartment currently listed from $3,780. 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 | $3,100 |
| The Suffolk | Studio / 1 Bathroom | Studio,1BA | $3,780 |
| 55-61 Delancey Street | 55-F Line 2 Bed 1 Bath | 2BR,1BA | $4,395 |
| 195 Stanton | 1 BED | 1BR,1BA | $4,995 |
| Stella LES | 2B - 1BR/1BA | 1BR,1BA | $5,400 |
| 237 East Fifth Street | 2BR/1BA | 2BR,1BA | $6,250 |
| 104-106 Second Ave | 3BR/1BA | 3BR,1BA | $7,595 |
| 245 E Second St | 3 Bed/2 Bath | 3BR,2BA | $7,950 |
| Avalon Bowery Place | B9-1 | 2BR,2BA | $10,230 |
Best Value Apartments for Rent in Lower East Side, NY
As of August 15, 2025 the best value apartment in the Lower East Side area is the $7.60 price per square foot 3BR/1BA Model at 104-106 Second Ave in the in the Gramercy-Flatiron neighborhood starting from $7,595. The second greatest value Lower East Side apartment is the 3 Bed/2 Bath Model at 245 E Second St starting at $7,950 with a $7.95 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 104-106 Second Ave | 3BR/1BA | 3BR,1BA | $7.60 |
| 245 E Second St | 3 Bed/2 Bath | 3BR,2BA | $7.95 |
| 237 East Fifth Street | 2BR/1BA | 2BR,1BA | $7.81 |
| Avalon Bowery Place | A4-1 | 1BR,1BA | $9.17 |
| 195 Stanton | 1 BED | 1BR,1BA | $7.68 |
| 131 Mott St, Unit 4R | 131 Mott St | 1BR,1BA | $5.56 |
| Niko East Village | Studio / 1 Bathroom | Studio ,1BA | $7.33 |
| 55-61 Delancey Street | 55-C Line 2 Bed 1 Bath | 2BR,1BA | $12.17 |
| 543 East 5th Street | 543 EAST 5TH STREET - 2 BR / 1 BATH | 2BR,1BA | $9.40 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleLower East Side, New York, NY
Ranked #33
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 $3,100.
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 $4,075 at Niko East Village.
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 $2,820 at 543 East 5th 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 104-106 Second Ave and starts from $7,595.
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
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.