Cheap Apartments for Rent in the Midtown Neighborhood of New York, NY from $1,000 (167 Rentals)

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

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.

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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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321 E 51st St
$2,750 - $3,300
Total Monthly Price

Total Monthly Price

Base Rent
$2,750 - $3,300
Total Monthly Price
$2,750 - $3,300
Studio to 1 Bedroom Apartment Available Now

321 E 51st St

321 E 51st StNew York, NY 10022
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323 E 50th St, Unit 1R
$2,750
Total Monthly Price

Total Monthly Price

Base Rent
$2,750
Total Monthly Price
$2,750
Studio Apartment Available Now

323 E 50th St, Unit 1R

323 E 50th StNew York, NY 10022
Affordability

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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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
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255-257 E 61st St
Studio to 1 Bedroom Apartments

255-257 E 61st St

255-257 E 61st StNew York, NY 10065
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1075 1st Ave
Studio to 2 Bedroom Apartments

1075 1st Ave

1075 1st AveNew York, NY 10022
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1057 First Avenue
Studio to 1 Bedroom Apartments

1057 First Avenue

1057 First AveNew York, NY 10022
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328 W 44TH ST
Studio to 1 Bedroom Apartments

328 W 44TH ST

328 W 44th StNew York, NY 10036

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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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 1 Bed unit found at EHS Hudson Yards Campus priced from $1,950. 419-421 W 50th St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,995. Here are the most affordable Midtown apartments for rent in New York, NY:

Apartment ListingModel NameBed/BathPriced From
EHS Hudson Yards CampusSingle Occupancy Room1BR,1BA$1,950
419-421 W 50th StStudio1BR,1BA$2,995
726 Tenth AveStudioStudio,1BA$2,995
Symphony HouseSymphony House Residence – P1BR,1BA$3,000
69 W 55th StStudioStudio,1BA$3,100
FOUND Study Turtle Bay- Student/InternPrivate RoomStudio,1BA$3,200
240 E 23rd St1 Bedroom1BR,1BA$3,200

Best Value Apartments for Rent in Midtown, NY

As of July 19, 2026 the best value apartment in the Midtown area is the $4.92 price per square foot Penthouse A Model at Le Triomphe in the in the Upper East Side neighborhood starting from $18,150. The second greatest value Midtown apartment is the 141 E 29th St Model at 141 E 29th St starting at $6,500 with a $5.38 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.
Le TriomphePenthouse A3BR,4BA$4.92
141 E 29th St141 E 29th St3BR,2BA$5.38
442 W 44th St442 W 44th St3BR,2BA$6.45
328 E 30th St, Unit 1328 E 30th St3BR,1BA$4.95
318 E 53rd St, Unit 1b318 E 53rd St1BR,1BA$5.38
576 9th AveFlex 21BR,1BA$4.99
Symphony HouseSymphony House Residence – P1BR,1BA$4.62
The Towne HouseSTUDIO / 1 BATHStudio ,1BA$6.44
419-421 W 50th StStudio1BR,1BA$6.05
726 Tenth AveStudioStudio ,1BA$6.18

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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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 $3,200.

What is the price of a cheap apartment in Midtown?

The cheapest apartment in Midtown is EHS Hudson Yards Campus which is listed at $1,950, while the average apartment in Midtown costs $17,070.

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 4 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 $121 which is $16,949 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 Expert's Guide to the Perfect Neighborhoods Near Top Employers article

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.

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

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.

Articles, How-To's, and Tips

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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.

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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.