
Cheap Apartments for Rent in the Midtown East Neighborhood of New York, NY from $1,500 (67 Rentals)
Search the lowest-cost Apartments available for rent right now in the Midtown East area of New York.


205 E 63rd St

Welcoming ROOM at The Park Avenue House, Unit 1

Prime ROOM at The Park Avenue House, Unit 3

Spacious ROOM at The Park Avenue House, Unit 1

Prime ROOM at The Park Avenue House, Unit 1

Prime ROOM at The Park Avenue House, Unit 4

Welcoming ROOM at The Park Avenue House, Unit 3

Spacious ROOM at The Park Avenue House, Unit 2

Room in Shared 2 bed/1 bath home, Unit A
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Room in Shared 2 bed/1 bath home, Unit B

Amazing ROOM at The Park Avenue House, Unit 3

Amazing ROOM at The Park Avenue House, Unit 2

Room in Shared 4 bed/4 bath home, Unit D

Room in Shared 4 bed/4 bath home, Unit A

239 East 53rd Street

255-257 E 61st St

1075 1st Ave

1057 First Avenue

1069 1st Ave
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.

324 East 66th Street

338 East 53 Street

357 E 68th St

1073 1st Ave

349 E 51st St

342 East 55th Street

25 Tudor City Place

344 E 62nd St

350 East 65 Street

Southgate Apartments III
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.

346 E 62nd St

110 E 36th St

328 East 66th Street

311 E 60TH ST

344 East 55th Street

330 East 52nd Street

222-224 E 51st St

330 EAST 54TH STREET

330 W 55th St

340 East 55th Street
The Unofficial NYC Playbook: An Insider's Guide to Where to Eat, Roam, and Find Your Home in the City That Never Sleeps
Moving to NYC? Go beyond the landmarks. Our local expert shares an insider's guide to New York City's neighborhoods, finding your rhythm, and making the city feel like home.

224 E 59th St

130 E 37th St

571 3rd Ave

340 East 61st Street

237 East 53rd Street

231-233 E 53rd St

311 East 61st Street

347 East 51st Street

209 East 59th Street

41 West 46th Street
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.
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 | $4,189 | $2,750 | $9,890 |
| Midtown East 1 Bedroom Apartments | $5,357 | $1,800 | $10,000+ |
| Midtown East 2 Bedroom Apartments | $7,646 | $3,995 | $10,000+ |
| Midtown East 3 Bedroom Apartments | $10,001 | $5,200 | $10,000+ |
| Midtown East 4 Bedroom Apartments | $10,485 | $7,150 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 67 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 Studio unit found at The Dryden East priced from $2,995. FOUND Study Turtle Bay- Student/Intern has the second lowest priced unit, which is a Studio apartment currently listed from $3,200. Here are the most affordable Midtown East apartments for rent in New York, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Dryden East | MASSIVE STUDIO | Studio,1BA | $2,995 |
| FOUND Study Turtle Bay- Student/Intern | Private Room | Studio,1BA | $3,200 |
| The Towne House | STUDIO / 1 BATH | Studio,1BA | $3,295 |
| The Ambassador East | STUDIO | Studio,1BA | $3,300 |
| 241 E 39th St | Studio | Studio,1BA | $3,300 |
Best Value Apartments for Rent in Midtown East, NY
As of April 11, 2026 the best value apartment in the Midtown East area is the $6.18 price per square foot 121 E 39th St Model at 121 E 39th St in the in the Gramercy-Flatiron neighborhood starting from $7,500. The second greatest value Midtown East apartment is the 401 E 57th St Model at 401 E 57th St starting at $6,500 with a $6.47 price per square foot in the Upper East Side 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. |
|---|---|---|---|
| 121 E 39th St | 121 E 39th St | 4BR,2BA | $6.18 |
| 401 E 57th St | 401 E 57th St | 2BR,1BA | $6.47 |
| 137 E 38th St | 3 Beds, 2 baths | 3BR,2BA | $6.50 |
| The Sutton Collection | A06 - 360 | 1BR,1BA | $6.15 |
| The Dryden East | TRUE 1 BED | 1BR,1BA | $5.19 |
| 318 E 53rd St, Unit 1b | 318 E 53rd St | 1BR,1BA | $5.38 |
| 121 E 38th St | 121 E 38th St | 2BR,1BA | $6.43 |
| 150 West 51st Street, Unit 905 | 150 West 51st Street | 1BR,1BA | $6.43 |
| 337 E 41st St, Unit 2B | 337 E 41st St | Studio ,1BA | $6.38 |
| The Towne House | STUDIO / 1 BATH | Studio ,1BA | $6.28 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleThe 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 ArticleDon'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.
Pet Friendly LifestyleMidtown East, New York, NY
Ranked #20
Among cities in New York 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
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 $3,300.
What is the price of a cheap apartment in Midtown East?
The cheapest apartment in Midtown East is FOUND Study Midtown East - Student/Intern which is listed at $3,700, while the average apartment in Midtown East costs $8,600.
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 4 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 $135 which is $8,465 cheaper than the average rent for all rentals in Midtown East.
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.

The Unofficial NYC Playbook: An Insiders Guide to Where to Eat, Roam, and Find Your Home in the City That Never Sleeps
Written by: Joshua Carlucci
Every block of New York City feels like a stage set for daily life.
Articles, How-To's, and Tips

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.