Cheap Homes for Rent in Midtown East Neighborhood of New York, NY from $1,800 (18 Rentals)

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

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.

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.

property at 942 1st Ave

$2,995

Total Monthly Price

Total Monthly Price

Base Rent
$2,995

Total Monthly Price
$2,995

Studio, 1 Bath Townhome for Rent

Available Now

942 1st Ave

New YorkNY10022

Cash 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.

Midtown East, New York, NY Local Guide

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 154 East 37th Street priced from $2,450. 69 W 55th St has the second lowest priced unit, which is a Studio apartment currently listed from $3,100. Here are the most affordable Midtown East apartments for rent in New York, NY:

Apartment ListingModel NameBed/BathPriced From
154 East 37th StreetStudio, 1 BathStudio,1BA$2,450
69 W 55th StStudioStudio,1BA$3,100
241 E 39th StStudioStudio,1BA$3,200
FOUND Study Turtle Bay- Student/InternPrivate RoomStudio,1BA$3,200
141 E 56th StStudio, 1 bathStudio,1BA$3,395

Best Value Apartments for Rent in Midtown East, NY

As of May 31, 2026 the best value apartment in the Midtown East area is the $6.64 price per square foot 323 E 50th St Model at 323 E 50th St in the in the Midtown neighborhood starting from $7,300. The second greatest value Midtown East apartment is the 3 Beds, 2 baths Model at 137 E 38th St starting at $6,495 with a $6.50 price per square foot in the Gramercy-Flatiron neighborhood. Here is today’s list of the best values for Midtown East apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
323 E 50th St323 E 50th St3BR,2BA$6.64
137 E 38th St3 Beds, 2 baths3BR,2BA$6.50
212 E 63rd St212 E 63rd St2BR,1BA$7.27
121 E 38th St121 E 38th St1BR,1BA$7.14
128 E 56th St128 E 56th StStudio ,1BA$5.71
304 E 49th St304 E 49th St1BR,1BA$7.27
337 E 41st St, Unit 2B337 E 41st StStudio ,1BA$6.38
The Towne HouseSTUDIO / 1 BATHStudio ,1BA$6.66
154 East 37th StreetStudio, 1 BathStudio ,1BA$4.90
241 E 39th StStudioStudio ,1BA$6.40

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.

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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

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Pet Friendly Lifestyle
Midtown East, New York, NY

Ranked #21

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Midtown East

What type of rentals are currently available in Midtown East?

There are currently 1338 Apartments for Rent in Midtown East, NY with pricing that ranges from $2,793 to $28,875. There are also 242 Single Family Homes for rent, Condos, and Townhome rentals currently available in Midtown East ranging from $1,890 to $39,000.

What is the current price range for Rental Homes in Midtown East?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Midtown East ranges from $1,890 to $39,000 with an average monthly rent of $14,018.

How much are larger Three and Four Bedroom Rentals in Midtown East?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Midtown East range from $5,784 to $27,029, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,890 to $21,000. Four Bedroom Single-Family rentals are also available starting from $1,890 and Four Bedroom Apartments start at $7,250.

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

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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.

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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.

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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.

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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

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.