Cheap Homes for Rent in Roosevelt Island Neighborhood of New York, NY from $1,600 (8 Rentals)

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Search the lowest-cost Homes available for rent right now in the Roosevelt Island area of New York.

Roosevelt Island, New York, NY Local Guide

Cheapest Available Roosevelt Island Apartments for Rent

 

The cheapest available apartment rental in the Roosevelt Island area of New York, NY is a Studio unit found at The Octagon priced from $3,308. 27 on 27th has the second lowest priced unit, which is a 1 Bed apartment currently listed from $3,921. Here are the most affordable Roosevelt Island apartments for rent in New York, NY:

Apartment ListingModel NameBed/BathPriced From
The OctagonS3Studio,1BA$3,308
27 on 27th1 Bedroom - A Line1BR,1BA$3,921
Riverwalk Crossing1 Bedroom / 1 Bathroom1BR,1BA$4,150

Best Value Apartments for Rent in Roosevelt Island, NY

As of July 15, 2025 the best value apartment in the Roosevelt Island area is the $5.29 price per square foot 2 Bedroom / 1 Bathroom Model at Manhattan Park in the in the Upper East Side neighborhood starting from $4,500. The second greatest value Roosevelt Island apartment is the 450 E 78th St Model at 450 E 78th St, Unit 4H starting at $6,500 with a $8.39 price per square foot in the Upper East Side neighborhood. Here is today’s list of the best values for Roosevelt Island apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Manhattan Park2 Bedroom / 1 Bathroom2BR,1BA$5.29
450 E 78th St, Unit 4H450 E 78th St2BR,1BA$8.39
The Wellesley1 Bedroom / 1 Bathroom1BR,1BA$6.48
27 on 27th1 Bedroom - Large C Line1BR,1BA$6.40
The OctagonA21BR,1BA$6.81

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Frequently Asked Questions about Roosevelt Island

What type of rentals are currently available in Roosevelt Island?

There are currently 1018 Apartments for Rent in Roosevelt Island, NY with pricing that ranges from $2,249 to $18,500. There are also 164 Single Family Homes for rent, Condos, and Townhome rentals currently available in Roosevelt Island ranging from $1,675 to $16,500.

What is the current price range for Rental Homes in Roosevelt Island?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Roosevelt Island ranges from $1,675 to $16,500 with an average monthly rent of $5,516.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.