Cheap Homes for Rent in Lower East Side Neighborhood of New York, NY from $2,300 (65 Rentals)

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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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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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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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property at 50 Bayard St

50 Bayard St

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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. 221 2nd Avenue has the second lowest priced unit, which is a Studio apartment currently listed from $3,000. 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
221 2nd AvenueStudioStudio,1BA$3,000
197 E 4th St1 bed/ 1bath1BR,1BA$3,300
35 E 7th StStudioStudio,1BA$3,300
32 East 7th Street32 EAST 7TH STREET - 2 BR / 1 BATH2BR,1BA$3,500
55-61 Delancey Street55-F Line 2 Bed 1 Bath2BR,1BA$3,950
The SuffolkStudio / 1 BathroomStudio,1BA$3,950
Niko East Village1 Bedroom / 1 Bathroom1BR,1BA$4,075
The ChrystieMarket StudioStudio,1BA$4,308

Best Value Apartments for Rent in Lower East Side, NY

As of May 22, 2025 the best value apartment in the Lower East Side area is the $3.89 price per square foot 32 EAST 7TH STREET - 2 BR / 1 BATH Model at 32 East 7th Street in the in the Gramercy-Flatiron neighborhood starting from $3,500. The second greatest value Lower East Side apartment is the 9B - Studio/1BA, Terrace Model at Stella LES starting at $4,600 with a $5.11 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.
32 East 7th Street32 EAST 7TH STREET - 2 BR / 1 BATH2BR,1BA$3.89
Stella LES9B - Studio/1BA, TerraceStudio ,1BA$5.11
197 E 4th St3 Bed/1.5 Bath3BR,1.5BA$6.56
249 E Houston St, Unit 1249 E Houston St1BR,1BA$6.95
Niko East Village1 Bedroom / 1 Bathroom1BR,1BA$6.08
50 N 5thApt ME & MW1BR,1BA$8.68
250 E Houston St, Unit FL7-ID179250 E Houston St1BR,1BA$8.86
250 E Houston1 bed, 1 bath1BR,1BA$8.62
221 2nd Avenue1 Bed1BR,1BA$6.70
277 Mott St, Unit 1R277 Mott St1BR,1BA$9.04

Quick Rent Budget Calculator

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Frequently Asked Questions about Lower East Side

What type of rentals are currently available in Lower East Side?

There are currently 3085 Apartments for Rent in Lower East Side, NY with pricing that ranges from $1,650 to $60,000. There are also 265 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lower East Side ranging from $2,350 to $28,000.

What is the current price range for Rental Homes in Lower East Side?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lower East Side ranges from $2,350 to $28,000 with an average monthly rent of $7,044.

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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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.