Cheap Homes for Rent in Lower Manhattan Neighborhood of New York, NY from $1,600 (12 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes available for rent right now in the Lower Manhattan area of New York.

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.

Read Article

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.

Read Article
Showing Results 1-12, Page 1 of 1

Lower Manhattan, New York, NY Local Guide

Cheapest Available Lower Manhattan Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Avalon Bowery PlaceS1-211-811-and-212-812-513sqStudio,1BA$4,885
Freeman ResidencesStudioStudio,1BA$5,500

Best Value Apartments for Rent in Lower Manhattan, NY

As of November 09, 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 $7,050 with a $11.14 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Freeman ResidencesStudioStudio ,1BA$8.46
Avalon Bowery PlaceA2P-11BR,1BA$11.14

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

Read Article
Decorative image

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.

Read Article
Decorative image

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 Article
Decorative image

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.

Read Article
Decorative image

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

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Lower Manhattan, New York, NY

Ranked #39

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Lower Manhattan, New York, NY

School data provided by Great Schools

Frequently Asked Questions about Lower Manhattan

What type of rentals are currently available in Lower Manhattan?

There are currently 1082 Apartments for Rent in Lower Manhattan, NY with pricing that ranges from $2,495 to $26,418. There are also 120 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lower Manhattan ranging from $1,630 to $45,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lower Manhattan ranges from $1,630 to $45,000 with an average monthly rent of $10,338.

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.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.