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Cheap Apartments for Rent in the Lower Manhattan Neighborhood of New York, NY from $1,500 (564 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lower Manhattan area of New York.
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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 | $4,244 | $2,495 | $6,500 |
| Lower Manhattan 1 Bedroom Apartments | $4,888 | $2,960 | $10,000+ |
| Lower Manhattan 2 Bedroom Apartments | $6,581 | $4,000 | $10,000+ |
| Lower Manhattan 3 Bedroom Apartments | $14,452 | $6,290 | $10,000+ |
| Lower Manhattan 4 Bedroom Apartments | $16,500 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 564 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 | S1-211-811-and-212-812-513sq | Studio,1BA | $4,895 |
| Freeman Residences | Studio | Studio,1BA | $5,500 |
Best Value Apartments for Rent in Lower Manhattan, NY
As of November 11, 2025 the best value apartment in the Lower Manhattan area is the $8.46 price per square foot Studio Model at Freeman Residences in the in the Downtown neighborhood starting from $5,500. The second greatest value Lower Manhattan apartment is the A2P-1 Model at Avalon Bowery Place starting at $7,045 with a $11.13 price per square foot in the NoHo 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. |
|---|---|---|---|
| Freeman Residences | Studio | Studio ,1BA | $8.46 |
| Avalon Bowery Place | A2P-1 | 1BR,1BA | $11.13 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleLower Manhattan, New York, NY
Ranked #40
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 $4,880.
How much is rent for a Cheap One Bedroom Lower Manhattan Apartment?
The lowest price for a Cheap One Bedroom Lower Manhattan Apartment is $7,045 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 $8,790 at Avalon Bowery Place.
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.
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!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.