Cheap Apartments for Rent in the Downtown Peekskill Neighborhood of Peekskill, NY from $1,000 (17 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Peekskill area of Peekskill.

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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Crossroads
1 Bedroom Apartments

Crossroads

1101 Brown StPeekskill, NY 10566
  • Utilities Included
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Parkway Plaza
Studio to 1 Bedroom Apartments

Parkway Plaza

545 South StPeekskill, NY 10566
  • Utilities Included

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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Park Place Tower
Studio to 3 Bedroom Apartments

Park Place Tower

1 Park PlPeekskill, NY 10566
property at 207 Chateau Rive

$2,295

Total Monthly Price

Total Monthly Price

Base Rent
$2,295

Total Monthly Price
$2,295

1 Bedroom, 1 Bath Condo for Rent

Available Now

207 Chateau Rive, Unit 207, Unit 207

207 Chateau Rive
PeekskillNY10566

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.

Downtown Peekskill, Peekskill, NY Local Guide

Cheapest Available Downtown Peekskill Apartments for Rent

 

The cheapest available apartment rental in the Downtown Peekskill area of Peekskill, NY is a 1 Bed unit found at 645 Main St priced from $1,912. HudsonView Living has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,075. Here are the most affordable Downtown Peekskill apartments for rent in Peekskill, NY:

Apartment ListingModel NameBed/BathPriced From
645 Main St1 Bed/1 Bath - 60%1BR,1BA$1,912
HudsonView Living1 Bed 1 Bath1BR,1BA$2,075
Fort Hill PeekskillB41BR,1BA$2,795
East Point on HudsonA21BR,1BA$3,350

Best Value Apartments for Rent in Downtown Peekskill, NY

As of May 07, 2026 the best value apartment in the Downtown Peekskill area is the $2.50 price per square foot 2 bed 1.5 Bath W/ WD Townhome Model at HudsonView Living in the in the Downtown Peekskill neighborhood starting from $2,630. The second greatest value Downtown Peekskill apartment is the A2 Model at East Point on Hudson starting at $3,350 with a $3.79 price per square foot in the Downtown Peekskill neighborhood. Here is today’s list of the best values for Downtown Peekskill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
HudsonView Living2 bed 1.5 Bath W/ WD Townhome2BR,1.5BA$2.50
East Point on HudsonA21BR,1BA$3.79
645 Main St1 Bed/1 Bath - 80%1BR,1BA$3.31
Fort Hill PeekskillB41BR,1BA$4.14

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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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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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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Frequently Asked Questions about Cheap Downtown Peekskill Apartments

What is the price of a cheap apartment in Downtown Peekskill?

The cheapest apartment in Downtown Peekskill is 645 Main St which is listed at $1,912, while the average apartment in Downtown Peekskill costs $4,095.

What types of apartments are the cheapest in Downtown Peekskill?

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 8 regular apartments in Downtown Peekskill 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 Downtown Peekskill?

Cheap apartments in Downtown Peekskill have an average cost of $524 which is $3,571 cheaper than the average rent for all rentals in Downtown Peekskill.

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.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.