
Cheap Apartments for Rent in the Midtown South Neighborhood of New York, NY from $1,078 (115 Rentals)
Search the lowest-cost Apartments available for rent right now in the Midtown South area of New York.


Prime 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 3

Welcoming ROOM at The Park Avenue House, Unit 3

Spacious ROOM at The Park Avenue House, Unit 2

Prime ROOM at The Park Avenue House, Unit 4

Amazing ROOM at The Park Avenue House, Unit 2

Amazing ROOM at The Park Avenue House, Unit 3

363 3rd Ave
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66 Madison Ave, Unit 3G

315 Seventh Avenue, Unit 25D

Total Monthly Price
145 E 26th St, Unit SI FL1-ID1263

240 E 23rd St

29 W 12th St

25 W 13th St, Unit 7KS

25 W 13th St, Unit 7KS

245 E 24th St, Unit 10F

Total Monthly Price
121 E 38th St

The Towne House
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Total Monthly Price
104 E 36th St

Total Monthly Price
236 E 30th St

222 E 14th St, Unit 15E

Marquis Apartments

Total Monthly Price
761 6th Ave

310 E 23rd St, Unit 13SC

Total Monthly Price
220 E 14th St, Unit SI FL2-ID299

226 E 25th St, Unit 5Q

308 W 30th St, Unit 2A

45 E 25th St, Unit 12D
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.

East 26th Street, Unit 2N

147 E 30th St

155 E 30th St

227 E 28th St

217 East 29th

110 E 36th St

21 East 21st Street

105 Lexington Avenue

The Liane

104 East 31st Street
New York's Best Affordable Neighborhoods
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210 E 26th St

104 E 30th St

130 E 37th St

True North Gramercy

200 west 21st

151 Lexington Avenue

The 5th Avenue

31 E 31st St

209 W 21st St

148 East 30
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Midtown South, New York, NY Local Guide

How much does it cost to rent an apartment in Midtown South?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Midtown South Studio Apartments | $4,719 | $2,700 | $8,000 |
| Midtown South 1 Bedroom Apartments | $5,986 | $3,140 | $10,000+ |
| Midtown South 2 Bedroom Apartments | $8,099 | $3,840 | $10,000+ |
| Midtown South 3 Bedroom Apartments | $8,554 | $4,995 | $10,000+ |
| Midtown South 4 Bedroom Apartments | $11,047 | $7,500 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 115 rentals with your search options within a 2 mile radius of the Midtown South Neighborhood of New York, NY.
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Midtown South, New York, NY Local Guide
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Cheapest Available Midtown South Apartments for Rent
 The cheapest available apartment rental in the Midtown South area of New York, NY is a 1 Bed unit found at 240 E 23rd St priced from $3,200. 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 South apartments for rent in New York, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 240 E 23rd St | 1 Bedroom | 1BR,1BA | $3,200 |
| The Towne House | STUDIO / 1 BATH | Studio,1BA | $3,450 |
| 382 Third Avenue | Studio, 1 Bath | Studio,1BA | $3,595 |
| 219 E 28th St | studio | Studio,1BA | $3,650 |
| 144 W 23rd Street | Studio | Studio,1BA | $3,700 |
| Kips Bay Court | B-Studio w/ terr | Studio,1BA | $4,015 |
Best Value Apartments for Rent in Midtown South, NY
As of August 23, 2026 the best value apartment in the Midtown South area is the $6.42 price per square foot 142 E 35th St Model at 142 E 35th St in the in the Gramercy-Flatiron neighborhood starting from $8,500. The second greatest value Midtown South apartment is the 218 E 32nd St Model at 218 E 32nd St starting at $9,495 with a $7.42 price per square foot in the Gramercy-Flatiron neighborhood. Here is today’s list of the best values for Midtown South apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 142 E 35th St | 142 E 35th St | 4BR,2BA | $6.42 |
| 218 E 32nd St | 218 E 32nd St | 4BR,2BA | $7.42 |
| 141 E 29th St | 141 E 29th St | 3BR,2BA | $5.38 |
| 219 E 28th St | 4 bedroom | 4BR,2BA | $7.15 |
| 761 6th Ave | 761 6th Ave | 3BR,1BA | $7.40 |
| 205 East 31st Street | Flex 2 BR | 2BR,1BA | $5.64 |
| 202 E 22nd St | 202 E 22nd St | 1BR,1BA | $6.57 |
| 121 E 38th St | 121 E 38th St | 2BR,1BA | $7.14 |
| The Towne House | STUDIO / 1 BATH | Studio ,1BA | $6.57 |
| 236 E 30th St | 236 E 30th St | Studio ,1BA | $7.00 |
The Local NYC Expert's Guide to the Perfect Neighborhoods Near Top Employers
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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
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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.
Best Local Schools in Midtown South, New York, NY
School data provided by Great Schools
Frequently Asked Questions about Cheap Midtown South Apartments
What is a cheap apartment in Midtown South?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Midtown South is under $4,015.
What is the price of a cheap apartment in Midtown South?
The cheapest apartment in Midtown South is 240 E 23rd St which is listed at $3,200, while the average apartment in Midtown South costs $5,995.
What types of apartments are the cheapest in Midtown South?
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 2 regular apartments in Midtown South 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 South?
Cheap apartments in Midtown South have an average cost of $161 which is $5,834 cheaper than the average rent for all rentals in Midtown South.
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
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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.

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Every block of New York City feels like a stage set for daily life.

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New York has a funny way of making your commute part of your identity.

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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

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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.