Cheap Apartments for Rent in the Riverwalk Neighborhood of New York, NY from $500 (6 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Riverwalk 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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Riverwalk Park
Studio to 3 Bedroom Apartments

Riverwalk Park

460 Main StRoosevelt Island, NY 10044
Student Housing

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Riverwalk, New York, NY Local Guide

Cheapest Available Riverwalk Apartments for Rent

 

The cheapest available apartment rental in the Riverwalk area of New York, NY is a 1 Bed unit found at EHS Hudson Yards Campus priced from $2,175. The Aspen has the second lowest priced unit, which is a Studio apartment currently listed from $2,800. Here are the most affordable Riverwalk apartments for rent in New York, NY:

Apartment ListingModel NameBed/BathPriced From
EHS Hudson Yards CampusSingle Occupancy Room1BR,1BA$2,175
The AspenStudioStudio,1BA$2,800
1567 2nd AveStudio, 1 bathStudio,1BA$2,850

Best Value Apartments for Rent in Riverwalk, NY

As of May 25, 2026 the best value apartment in the Riverwalk area is the $6.88 price per square foot 2 Bedroom / 2 Bathroom Model at VIA 57 WEST in the in the West Side neighborhood starting from $7,600. The second greatest value Riverwalk apartment is the 3 Beds, 2 baths Model at 137 E 38th St starting at $6,495 with a $6.50 price per square foot in the Gramercy-Flatiron neighborhood. Here is today’s list of the best values for Riverwalk apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
VIA 57 WEST2 Bedroom / 2 Bathroom2BR,2BA$6.88
137 E 38th St3 Beds, 2 baths3BR,2BA$6.50
FOUND Study Chelsea- Student/InternShared Double Room in 3B2B3BR,1BA$2.44
205 East 31st StreetFlex 2 BR2BR,1BA$5.35
576 9th AveFlex 21BR,1BA$4.99
The Aspen1 Bedroom1BR,1BA$5.40
The Towne HouseSTUDIO / 1 BATHStudio ,1BA$6.66
241 E 39th StStudioStudio ,1BA$6.40
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
Riverwalk, New York, NY

Ranked #58

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Riverwalk Apartments

What is a cheap apartment in Riverwalk?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Riverwalk is under $3,200.

What is the price of a cheap apartment in Riverwalk?

The cheapest apartment in Riverwalk is EHS Hudson Yards Campus which is listed at $2,175, while the average apartment in Riverwalk costs $8,000.

What types of apartments are the cheapest in Riverwalk?

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 30 regular apartments in Riverwalk 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 Riverwalk?

Cheap apartments in Riverwalk have an average cost of $1,511 which is $6,489 cheaper than the average rent for all rentals in Riverwalk.

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.

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

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

Articles, How-To's, and Tips

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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.

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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.