
Cheap Homes for Rent in the Midtown East Neighborhood of New York, NY from $2,130 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Midtown East area of New York.


Welcoming ROOM at The Park Avenue House, Unit 1

Spacious ROOM at The Park Avenue House, Unit 1

Prime ROOM at The Park Avenue House, Unit 1

Spacious ROOM at The Park Avenue House, Unit 2
Beyond the Bridges: Brooklyn, Queens, Jersey City, and the Other Smart Moves for NYC Renters
Looking for apartments outside Manhattan? See average rent, commute times, and neighborhood pros for Brooklyn, Queens, Staten Island, Jersey City, and Yonkers.

Prime ROOM at The Park Avenue House, Unit 4

Welcoming ROOM at The Park Avenue House, Unit 3

Amazing ROOM at The Park Avenue House, Unit 3

Amazing ROOM at The Park Avenue House, Unit 2

320 E 42nd St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

77 W 55th St, Unit 6K
Midtown East, New York, NY Local Guide

How much does it cost to rent a home in Midtown East?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Midtown East 2 Bedroom Homes for Rent | $15,141 | $3,595 | $10,000+ |
| Midtown East 3 Bedroom Homes for Rent | $8,512 | $2,130 | $10,000+ |
| Midtown East 4 Bedroom Homes for Rent | $19,150 | $2,130 | $10,000+ |
| Midtown East 5 Bedroom Homes for Rent | $31,440 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Midtown East Neighborhood of New York, NY.
Explore New York
Midtown East, New York, NY Local Guide
- Nearby New York neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Midtown East Apartments for Rent
 The cheapest available apartment rental in the Midtown East area of New York, NY is a 1 Bed unit found at 312 E 51st St priced from $2,750. The Towne House has the second lowest priced unit, which is a Studio apartment currently listed from $3,450. Here are the most affordable Midtown East apartments for rent in New York, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 312 E 51st St | studio 1 | 1BR,1BA | $2,750 |
| The Towne House | STUDIO / 1 BATH | Studio,1BA | $3,450 |
| 241 E 39th St | Studio | Studio,1BA | $3,500 |
Best Value Apartments for Rent in Midtown East, NY
As of August 30, 2026 the best value apartment in the Midtown East area is the $6.90 price per square foot 3 Beds, 2 baths Model at 137 E 38th St in the in the Gramercy-Flatiron neighborhood starting from $6,900. The second greatest value Midtown East apartment is the 323 E 50th St Model at 323 E 50th St starting at $5,700 with a $6.71 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. |
|---|---|---|---|
| 137 E 38th St | 3 Beds, 2 baths | 3BR,2BA | $6.90 |
| 323 E 50th St | 323 E 50th St | 2BR,2BA | $6.71 |
| 318 E 53rd St, Unit 1b | 318 E 53rd St | 1BR,1BA | $5.00 |
| 420 E 64th St, Unit Royal York | 420 E 64th St | 1BR,1BA | $5.63 |
| 245 E 48th St, Unit 2A | 245 E 48th St | 2BR,1BA | $6.01 |
| 150 West 51st Street | 150 West 51st Street | 1BR,1BA | $6.43 |
| The Dryden East | MASSIVE STUDIO | Studio ,1BA | $6.62 |
| 337 E 41st St, Unit 2B | 337 E 41st St | Studio ,1BA | $6.38 |
| The Towne House | STUDIO / 1 BATH | Studio ,1BA | $6.57 |
| 321 E 51st St | 321 E 51st St | Studio ,1BA | $6.98 |
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 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 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 ArticleReal 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.
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 Midtown East
What type of rentals are currently available in Midtown East?
There are currently 1357 Apartments for Rent in Midtown East, NY with pricing that ranges from $2,750 to $25,221. There are also 203 Single Family Homes for rent, Condos, and Townhome rentals currently available in Midtown East ranging from $2,130 to $75,000.
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 $2,130 to $75,000 with an average monthly rent of $10,349.
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 $6,500 to $25,221, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,130 to $24,000. Four Bedroom Single-Family rentals are also available starting from $2,130 and Four Bedroom Apartments start at $7,995.
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

Beyond the Bridges: Brooklyn, Queens, Jersey City, and the Other Smart Moves for NYC Renters
Written by: Joshua Carlucci
I'm Josh, your ApartmentHomeLiving.com Local Expert for New York City, and I live in the Lower East Side of Manhattan. I love it here.

The Unofficial NYC Playbook: An Insider's 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.

The Local NYC Expert's 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.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.