Cheap Apartments for Rent in the Lower East Side Neighborhood of New York, NY from $1,500 (91 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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.

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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111 Mott St
1 to 2 Bedroom Apartments

111 Mott St

111 Mott StNew York, NY 10013
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116-120 Mott St
Studio to 2 Bedroom Apartments

116-120 Mott St

116-120 Mott StNew York, NY 10013
  • Utilities Included
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166 Suffolk St
Studio to 1 Bedroom 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
  • Utilities Included
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136 Orchard St
1 Bedroom Apartments

136 Orchard St

136 Orchard StNew York, NY 10002
  • Utilities Included

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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153 Avenue C
Studio to 1 Bedroom Apartments

153 Avenue C

153 Avenue CNew York, NY 10009
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111 Mulberry St
Studio to 1 Bedroom Apartments

111 Mulberry St

111 Mulberry StNew York, NY 10013
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211 East 5th Street
Studio to 1 Bedroom Apartments

211 East 5th Street

211 E 5th StNew York, NY 10003
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28 Allen St
Studio to 1 Bedroom Apartments

28 Allen St

28 Allen StNew York, NY 10002
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67 Mott St
1 Bedroom Apartments

67 Mott St

67 Mott StNew York, NY 10013
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19 Orchard St
1 to 3 Bedroom Apartments

19 Orchard St

19 Orchard StNew York, NY 10002
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Grand Elizabeth Manor
Studio to 1 Bedroom Apartments

Grand Elizabeth Manor

227 Grand StNew York, NY 10013
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522-524 E 11th St
1 to 4 Bedroom Apartments

522-524 E 11th St

522-524 E 11th StNew York, NY 10009

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.

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 25 Clinton Street priced from $2,635. 622 East 11th Street has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,840. Here are the most affordable Lower East Side apartments for rent in New York, NY:

Apartment ListingModel NameBed/BathPriced From
25 Clinton Street25 CLINTON STREET - STUDIO / 1 BATHStudio,1BA$2,635
622 East 11th Street622 EAST 11TH STREET - 1 BR / 1 BATH2BR,1BA$2,840
32 East 7th Street32 EAST 7TH STREET - 2 BR / 1 BATH / GARDEN2BR,1BA$3,250
55-61 Delancey Street55-D Line 2 Bed 1 Bath2BR,1BA$3,900
The EastStudio #909Studio,1BA$4,390
Freeman ResidencesStudioStudio,1BA$5,500

Best Value Apartments for Rent in Lower East Side, NY

As of April 10, 2026 the best value apartment in the Lower East Side area is the $10.00 price per square foot One Bedroom Model at Freeman Residences in the in the Downtown neighborhood starting from $8,500. The second greatest value Lower East Side apartment is the 32 EAST 7TH STREET - 1 BR / 1 BATH Model at 32 East 7th Street starting at $3,100 with a $4.77 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Freeman ResidencesOne Bedroom1BR,2BA$10.00
32 East 7th Street32 EAST 7TH STREET - 1 BR / 1 BATH1BR,1BA$4.77
349 Grand St349 Grand St1BR,1BA$9.17
Avalon Bowery PlaceS1-706Studio ,1BA$12.23
The EastStudio #2205Studio ,1BA$12.36
55-61 Delancey Street55-D Line 2 Bed 1 Bath2BR,1BA$10.63
620 East 11th Street620 EAST 11TH STREET - 2 BR / 1 BATH2BR,1BA$9.62
622 East 11th Street622 EAST 11TH STREET - 1 BR / 1 BATH2BR,1BA$9.47
25 Clinton Street25 CLINTON STREET - STUDIO / 1 BATHStudio ,1BA$9.76

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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Pet Friendly Lifestyle
Lower East Side, New York, NY

Ranked #11

Among cities in New York for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 25 Clinton Street listed at $2,635.

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 $3,100 at 32 East 7th 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 $2,840 at 622 East 11th Street.

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

decorative image for The 10 Best Affordable Neighborhoods for Renting in New York City article

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.

decorative image for The Local NYC Experts Guide to the Perfect Neighborhoods Near Top Employers article

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.

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

The Unofficial NYC Playbook: An Insiders 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.

Articles, How-To's, and Tips

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.