
Cheap Apartments for Rent in the Midtown East Neighborhood of New York, NY from $1,500 (56 Rentals)
Search the lowest-cost Apartments available for rent right now in the Midtown East area of New York.


Private bedroom in 2 bed/1 bath Home

Private bedroom in 4 bed/4 bath Home

Private bedroom in 2 bed/1 bath Home

Private bedroom in 4 bed/4 bath Home
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.
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.
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.
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.
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
Midtown East, New York, NY Local Guide

How much does it cost to rent an apartment in Midtown East?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Midtown East Studio Apartments | $4,137 | $2,100 | $7,740 |
Midtown East 1 Bedroom Apartments | $5,704 | $2,500 | $10,000+ |
Midtown East 2 Bedroom Apartments | $7,042 | $1,875 | $10,000+ |
Midtown East 3 Bedroom Apartments | $10,497 | $3,600 | $10,000+ |
Midtown East 4 Bedroom Apartments | $8,899 | $2,200 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 56 rentals with your search options within a 2 mile radius of the Midtown East Neighborhood of New York, NY.
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Midtown East, New York, NY Local Guide
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Cheapest Available Midtown East Apartments for Rent
 The cheapest available apartment rental in the Midtown East area of New York, NY is a 2 Beds unit found at 224 E 59th St priced from $2,200. Rebeka 5800 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,250. Here are the most affordable Midtown East apartments for rent in New York, NY:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
224 E 59th St | Furnished Room | 2BR,1BA | $2,200 |
Rebeka 5800 | 1 Bedroom / 1 Bathroom | 1BR,1BA | $2,250 |
Hamilton Weehawken Residences: Where Luxury Meets | 2BR/1.0BA | 2BR,1BA | $2,800 |
207 East 37th Street | Studio | Studio,1BA | $2,850 |
315 E 58th St | Studio | Studio,1BA | $3,000 |
FOUND Study Turtle Bay- Student/Intern | Private Room | Studio,1BA | $3,000 |
The Towne House | STUDIO / 1 BATH | Studio,1BA | $3,200 |
249 E 53rd St | 1BR/1BA | 1BR,1BA | $3,225 |
The Ambassador East | MASSIVE STUDIO | Studio,1BA | $3,350 |
Sven | Studio / 1 Bathroom | Studio,1BA | $3,440 |
Best Value Apartments for Rent in Midtown East, NY
As of June 19, 2025 the best value apartment in the Midtown East area is the $5.77 price per square foot 127 West 56th Street Model at 127 West 56th Street, Unit Apt 5 in the in the Upper East Side neighborhood starting from $7,500. The second greatest value Midtown East apartment is the 218 E 50th St Model at 218 E 50th St, Unit 3 starting at $6,500 with a $6.50 price per square foot in the Midtown neighborhood. Here is today’s list of the best values for Midtown East apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
127 West 56th Street, Unit Apt 5 | 127 West 56th Street | 4BR,2BA | $5.77 |
218 E 50th St, Unit 3 | 218 E 50th St | 3BR,1.5BA | $6.50 |
236 E 61st St, Unit 2B | 236 E 61st St | 2BR,1BA | $5.11 |
249 E 53rd St | 1BR/1BA | 1BR,1BA | $4.03 |
315 E 58th St | 1 Bedroom | 1BR,1BA | $4.69 |
The Ambassador East | FLEX 2 | 2BR,1BA | $6.55 |
121 E 38th St, Unit 2 | 121 E 38th St | 2BR,1BA | $6.14 |
207 East 37th Street | 1 Bedroom | 1BR,1BA | $6.17 |
147 E 37th St, Unit 3 | 147 E 37th St | 1BR,1BA | $6.67 |
The Towne House | STUDIO / 1 BATH | Studio ,1BA | $6.10 |
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.
Pet Friendly LifestyleMidtown East, New York, NY
Ranked #37
Among neighborhoods in New York, NY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Midtown East, New York, NY
Ella Baker School
School data provided by Great Schools
Lifestyle Ratings
This website works hard to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across New York and customized analysis for Central New York City, NY. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, places that make kids happy, raising pets, transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Midtown East Apartments
What is a cheap apartment in Midtown East?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Midtown East is under $3,440.
What is the price of a cheap apartment in Midtown East?
The cheapest apartment in Midtown East is Rebeka 5800 which is listed at $2,250, while the average apartment in Midtown East costs $23,677.
What types of apartments are the cheapest in Midtown East?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 9 regular apartments in Midtown East that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Midtown East?
Cheap apartments in Midtown East have an average cost of $165 which is $23,512 cheaper than the average rent for all rentals in Midtown East.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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.