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Cheap Apartments for Rent in the Lower Manhattan Neighborhood of New York, NY from $1,500 (561 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lower Manhattan area of New York.
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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.
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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 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.
Lower Manhattan, New York, NY Local Guide
How much does it cost to rent an apartment in Lower Manhattan?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lower Manhattan Studio Apartments | $6,550 | $2,575 | $8,500 |
| Lower Manhattan 1 Bedroom Apartments | $5,908 | $2,980 | $10,000+ |
| Lower Manhattan 2 Bedroom Apartments | $7,171 | $3,820 | $10,000+ |
| Lower Manhattan 3 Bedroom Apartments | $10,701 | $5,712 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 561 rentals with your search options within a 2 mile radius of the Lower Manhattan Neighborhood of New York, NY.
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Lower Manhattan, New York, NY Local Guide
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Cheapest Available Lower Manhattan Apartments for Rent
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Avalon Bowery Place | S1-205-805-493sq | Studio,1BA | $4,548 |
| Freeman Residences | Studio | Studio,1BA | $5,500 |
Best Value Apartments for Rent in Lower Manhattan, NY
As of December 27, 2025 the best value apartment in the Lower Manhattan area is the $8.18 price per square foot 349 Grand St Model at 349 Grand St, Unit 3A in the in the Downtown neighborhood starting from $8,995. The second greatest value Lower Manhattan apartment is the One Bedroom Model at Freeman Residences starting at $8,500 with a $10.00 price per square foot in the Downtown neighborhood. Here is today’s list of the best values for Lower Manhattan apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 349 Grand St, Unit 3A | 349 Grand St | 2BR,2BA | $8.18 |
| Freeman Residences | One Bedroom | 1BR,2BA | $10.00 |
| 3 Centre Market Pl, Unit #1 | 3 Centre Market Pl | 1BR,1BA | $6.00 |
| Avalon Bowery Place | A2P-1 | 1BR,1BA | $9.85 |
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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleA 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
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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 LifestyleLower Manhattan, New York, NY
Ranked #36
Among cities in New York for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Lower Manhattan, New York, NY
School data provided by Great Schools
Frequently Asked Questions about Cheap Lower Manhattan Apartments
What is the Cheapest Studio apartment in Lower Manhattan?
Currently the most affordable Cheap Studio Apartment in Lower Manhattan is at Avalon Bowery Place listed at $4,548.
How much is rent for a Cheap One Bedroom Lower Manhattan Apartment?
The lowest price for a Cheap One Bedroom Lower Manhattan Apartment is $6,235 at Avalon Bowery Place.
What is the lowest price for a Cheap Two Bedroom Lower Manhattan Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lower Manhattan is starting from $8,470 at Avalon Bowery Place.
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
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.
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.
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.
Articles, How-To's, and Tips
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!