Cheap Apartments for Rent in Prospect, NY from $300 (47 Rentals)

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Search the lowest-cost Apartments available for rent right now in Prospect.

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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Community View Apartments
1 Bedroom Apartments

Community View Apartments

1055 Community WayMorrisville, NY 13408
Senior Living
  • Utilities Included
property at 337 Bleecker St

$850

1 Bedroom, 1 Bath Home for Rent

Available Jun 1

337 Bleecker St

GloversvilleNY12078

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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208 Jefferson Ave
1 Bedroom Apartments

208 Jefferson Ave

208 Jefferson AveUtica, NY 13501
  • Utilities Included
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1436 Genesee St
1 to 3 Bedroom Apartments

1436 Genesee St

1436 Genesee StUtica, NY 13502
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6 School St
2 to 3 Bedroom Apartments

6 School St

6 School StLittle Falls, NY 13365
  • Utilities Included
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121 Park Dr
Studio to 4 Bedroom Apartments

121 Park Dr

121 Park DrManlius, NY 13104
Student Housing
  • Utilities Included

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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1705 Genesee St
1 Bedroom Apartments

1705 Genesee St

1705 Genesee StUtica, NY 13501
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207 Maple St
2 Bedroom Apartments

207 Maple St

207 Maple StRome, NY 13440
Corporate Housing
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13 Redfield Ave
2 Bedroom Apartments

13 Redfield Ave

13 Redfield AveWhitesboro, NY 13492
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9575 Maynard Dr
2 Bedroom Apartments

9575 Maynard Dr

9575 Maynard DrMarcy, NY 13403
Student Housing
  • Utilities Included

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Campus Hill Apartments
1 to 4 Bedroom Apartments

Campus Hill Apartments

55 E Main StMorrisville, NY 13408
  • Utilities Included
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9585 Maynard Dr
2 Bedroom Apartments

9585 Maynard Dr

9585 Maynard DrMarcy, NY 13403
  • Utilities Included
Showing Results 1-47, Page 1 of 1

Prospect, NY Local Guide

Cheapest Available Prospect Apartments for Rent and Nearby

 

The cheapest available apartment rental in Prospect, NY is a 1 Bed unit found at Holiday Efficiency Apartments in the Outer Utica neighborhood priced from $700. Oneida Garden Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $820. Here is today’s list of the most affordable Prospect apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Holiday Efficiency ApartmentsStudio1BR,1BA$700
Oneida Garden Apartments1 Bedroom/1 Bath1BR,1BA$820
The Brook (Senior / Income Restricted)One bedroom1BR,1BA$844
Steinhorst Square (Senior/ Income Restricted)2 Bdrm 1 Ba2BR,1BA$852
Garden ApartmentsStudioStudio,1BA$875
Maple ManorAcerStudio,1BA$925
Hillcrest Manor Apartments1 Bed, 1 bath1BR,1BA$975
Griffiss Park SuitesFurnished Studio1BR,1BA$995
Hartford Mills ApartmentsF-M 1 BD1BR,1BA$1,000
Fayetteville Pines Townhouses1 Bed/1 Bath Utilities Included1BR,1BA$1,050

Best Value Apartments for Rent in Prospect, NY and Nearby

As of May 21, 2026 the best value apartment in the Prospect area is the $1.65 price per square foot The Lofts Model at The Lofts at Cazenovia Market in the starting from $2,045. The second greatest value Prospect apartment is the Style 2D Model at Lewiston Properties starting at $2,000 with a $1.67 price per square foot in the Outer Utica neighborhood. Here is today’s list of the best values for Prospect apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Lofts at Cazenovia MarketThe Lofts2BR,2BA$1.65
Lewiston PropertiesStyle 2D2BR,1.5BA$1.67
Hickory Hills Apartments2 Bedroom 1 Bath2BR,1BA$1.51
Maple Tree Apartments2 Bedroom2BR,1BA$1.50
Holiday Efficiency ApartmentsStudio1BR,1BA$0.93
Garden ApartmentsStudioStudio ,1BA$1.21
The Brook (Senior / Income Restricted)One bedroom1BR,1BA$1.28
Steinhorst Square (Senior/ Income Restricted)1 Bdrm 1 Ba1BR,1BA$1.31
Oneida Garden Apartments1 Bedroom/1 Bath1BR,1BA$1.34
Hillcrest Manor Apartments1 Bed, 1 bath1BR,1BA$1.70

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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Prospect, NY Rentals by Map

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Frequently Asked Questions about Cheap Prospect Apartments

What is the Cheapest Studio apartment in Prospect?

Currently the most affordable Cheap Studio Apartment in Prospect is at Garden Apartments listed at $875.

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

The lowest price for a Cheap One Bedroom Prospect Apartment is $700 at Holiday Efficiency Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Prospect is starting from $852 at Steinhorst Square (Senior/ Income Restricted).

What is the most affordable Prospect Three Bedroom Apartment?

The best deal on a cheap Prospect Three Bedroom Apartment rental is at 406 Rutger St and starts from $1,400.

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.