Cheap Apartments for Rent near Prospect, NY from $700 (45 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Community View Apartments
1 Bedroom Apartments

Community View Apartments

1055 Community WayMorrisville, NY 13408
Senior Living
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208 Jefferson Ave
1 Bedroom Apartments

208 Jefferson Ave

208 Jefferson AveUtica, NY 13501
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Garden Apartments
Studio to 3 Bedroom Apartments

Garden Apartments

1427 Oneida StUtica, NY 13501
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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
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121 Park Dr
Studio to 4 Bedroom Apartments

121 Park Dr

121 Park DrManlius, NY 13104
Student Housing
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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

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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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
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Campus Hill Apartments
1 to 4 Bedroom Apartments

Campus Hill Apartments

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

9585 Maynard Dr

9585 Maynard DrMarcy, NY 13403
  • 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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Showing Results 1-45, 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 in the Madison County neighborhood 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
Rose Garden ApartmentsTwo Bedroom2BR,1BA$840
The Brook (Senior / Income Restricted)One bedroom1BR,1BA$844
Steinhorst Square (Senior/ Income Restricted)2 Bdrm 1 Ba2BR,1BA$852
Griffiss Park Suites0BR/1.0BAStudio,1BA$995
Hillcrest Manor Apartments1 bedroom1BR,1BA$1,000
Fayetteville Pines Townhouses1 Bed/1 Bath Utilities Included1BR,1BA$1,050
Maple ManorSycamore1BR,1BA$1,125
The Sullivan in Downtown Utica1BR/1.0BA1BR,1BA$1,250

Best Value Apartments for Rent in Prospect, NY and Nearby

As of August 20, 2026 the best value apartment in the Prospect area is the $1.30 price per square foot 1BR/1.0BA Model at Rathbun Lofts in the in the Adrian Terrace neighborhood starting from $1,750. The second greatest value Prospect apartment is the 2BD/1BA w/Den & Patio or Balcony Model at Valenti Country Estates starting at $1,445 with a $1.38 price per square foot in the Madison County 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.
Rathbun Lofts1BR/1.0BA1BR,1BA$1.30
Valenti Country Estates2BD/1BA w/Den & Patio or Balcony2BR,1BA$1.38
The Courtyard at Cazenovia1 Bedroom, 1 Bathroom1BR,1BA$1.71
Holiday Efficiency ApartmentsStudio1BR,1BA$0.93
Rose Garden ApartmentsTwo Bedroom2BR,1BA$1.20
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
Griffiss Park Suites0BR/1.0BAStudio ,1BA$1.66
Hillcrest Manor Apartments1 bedroom1BR,1BA$1.74

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

Explore Prospect, NY Rentals by Map

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See the most popular apartments and homes in Prospect, NY

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Frequently Asked Questions about Cheap Prospect Apartments

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 $840 at Rose Garden Apartments.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.