Cheap Apartments for Rent in the Midtown Neighborhood of New York, NY from $1,000 (156 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Midtown 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.

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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.

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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.

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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.

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147 E 30th St
Studio to 2 Bedroom Apartments

147 E 30th St

147 E 30th StNew York, NY 10016
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577 2nd Ave
Studio to 3 Bedroom Apartments

577 2nd Ave

577 Second AveNew York, NY 10016
  • Utilities Included
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365 W 52nd St
Studio to 3 Bedroom Apartments

365 W 52nd St

365 W 52nd StNew York, NY 10019
  • Utilities Included

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.

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Midtown, New York, NY Local Guide

Cheapest Available Midtown Apartments for Rent

 

The cheapest available apartment rental in the Midtown area of New York, NY is a Studio unit found at EHS Hudson Yards Campus priced from $2,175. 154 East 37th Street has the second lowest priced unit, which is a Studio apartment currently listed from $2,450. Here are the most affordable Midtown apartments for rent in New York, NY:

Apartment ListingModel NameBed/BathPriced From
EHS Hudson Yards CampusSingle Occupancy RoomStudio,1BA$2,175
154 East 37th StreetStudio, 1 BathStudio,1BA$2,450
419-421 W 50th StStudio1BR,1BA$2,995
The Dryden EastMASSIVE STUDIOStudio,1BA$2,995
726 Tenth AveStudioStudio,1BA$2,995
FOUND Study Turtle Bay- Student/InternPrivate RoomStudio,1BA$3,200
The Towne HouseSTUDIO / 1 BATHStudio,1BA$3,295

Best Value Apartments for Rent in Midtown, NY

As of April 17, 2026 the best value apartment in the Midtown area is the $6.15 price per square foot A06 - 360 Model at The Sutton Collection in the in the Midtown neighborhood starting from $5,500. The second greatest value Midtown apartment is the Flex 2 BR Model at 205 East 31st Street starting at $4,550 with a $5.35 price per square foot in the Gramercy-Flatiron neighborhood. Here is today’s list of the best values for Midtown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Sutton CollectionA06 - 3601BR,1BA$6.15
205 East 31st StreetFlex 2 BR2BR,1BA$5.35
576 9th AveFlex 21BR,1BA$4.99
The Dryden EastTRUE 1 BED1BR,1BA$5.19
141 E 29th St141 E 29th St2BR,1BA$6.14
442 W 44th St, Unit 3B442 W 44th St2BR,1BA$6.16
154 East 37th StreetStudio, 1 BathStudio ,1BA$4.90
EHS Hudson Yards CampusSingle Occupancy RoomStudio ,1BA$4.35
419-421 W 50th StStudio1BR,1BA$6.05
726 Tenth AveStudioStudio ,1BA$6.18

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.

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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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The 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.

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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.

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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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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, New York, NY

Ranked #4

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Midtown, New York, NY

School data provided by Great Schools

Lifestyle Ratings

Our team is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for New York City, New York. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, places that make kids happy, raising pets, transit options, and more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Midtown Apartments

What is a cheap apartment in Midtown?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Midtown is under $3,295.

What is the price of a cheap apartment in Midtown?

The cheapest apartment in Midtown is 419-421 W 50th St which is listed at $2,995, while the average apartment in Midtown costs $10,872.

What types of apartments are the cheapest in Midtown?

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 7 regular apartments in Midtown 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?

Cheap apartments in Midtown have an average cost of $111 which is $10,761 cheaper than the average rent for all rentals in Midtown.

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.

decorative image for The Local NYC Experts Guide to the Perfect Neighborhoods Near Top Employers article

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.

decorative image for The Unofficial NYC Playbook: An Insiders Guide to Where to Eat, Roam, and Find Your Home in the City That Never Sleeps article

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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.

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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.

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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.