Cheap Apartments for Rent in the Midtown Neighborhood of New York, NY from $1,000 (163 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.

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.

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.

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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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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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 $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 Room1BR,1BA$2,175
154 East 37th StreetStudio, 1 BathStudio,1BA$2,450
726 Tenth AveStudioStudio,1BA$2,995
419-421 W 50th StStudio1BR,1BA$2,995
69 W 55th StStudioStudio,1BA$3,100
241 E 39th StStudioStudio,1BA$3,200
FOUND Study Turtle Bay- Student/InternPrivate RoomStudio,1BA$3,200

Best Value Apartments for Rent in Midtown, NY

As of June 03, 2026 the best value apartment in the Midtown area is the $5.32 price per square foot 141 E 29th St Model at 141 E 29th St in the in the Gramercy-Flatiron neighborhood starting from $8,000. The second greatest value Midtown apartment is the 125 E 26th St Model at 125 E 26th St, Unit 3C starting at $7,995 with a $5.51 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.
141 E 29th St141 E 29th St4BR,2BA$5.32
125 E 26th St, Unit 3C125 E 26th St4BR,2BA$5.51
442 W 44th St442 W 44th St3BR,2BA$6.36
205 East 31st StreetFlex 2 BR2BR,1BA$5.35
576 9th AveFlex 21BR,1BA$4.99
245 E 48th St, Unit 2A245 E 48th St2BR,1BA$5.82
128 E 56th St128 E 56th StStudio ,1BA$5.71
154 East 37th StreetStudio, 1 BathStudio ,1BA$4.90
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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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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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 the Cheapest Studio apartment in Midtown?

Currently the most affordable Cheap Studio Apartment in Midtown is at 154 East 37th Street listed at $2,450.

How much is rent for a Cheap One Bedroom Midtown Apartment?

The lowest price for a Cheap One Bedroom Midtown Apartment is $2,175 at EHS Hudson Yards Campus.

What is the lowest price for a Cheap Two Bedroom Midtown Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Midtown is starting from $3,995 at 419-421 W 50th St.

What is the most affordable Midtown Three Bedroom Apartment?

The best deal on a cheap Midtown Three Bedroom Apartment rental is at 419-421 W 50th St and starts from $5,495.

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.

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

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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.