Cheap Apartments for Rent in Prospect, NY from $300 (40 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
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208 Jefferson Ave
1 Bedroom Apartments

208 Jefferson Ave

208 Jefferson AveUtica, NY 13501
  • Utilities Included

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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Garden Apartments
Studio to 3 Bedroom Apartments

Garden Apartments

1427 Oneida StUtica, 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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13 Redfield Ave
2 Bedroom Apartments

13 Redfield Ave

13 Redfield AveWhitesboro, NY 13492
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207 Maple St
2 Bedroom Apartments

207 Maple St

207 Maple StRome, NY 13440
Corporate Housing
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1705 Genesee St
1 Bedroom Apartments

1705 Genesee St

1705 Genesee StUtica, NY 13501

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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Showing Results 1-40, 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
The Brook (Senior / Income Restricted)One bedroom1BR,1BA$844
Steinhorst Square (Senior/ Income Restricted)2 Bdrm 1 Ba2BR,1BA$852
Lofts at Globe Mill1 Bed 1 Bath A1BR,1BA$922
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
Valenti Country Estates1BD/1BA w/Balcony1BR,1BA$1,155

Best Value Apartments for Rent in Prospect, NY and Nearby

As of July 06, 2026 the best value apartment in the Prospect area is the $1.81 price per square foot 2 Bed/2 Bath with W/D & Backyard Model at Fayetteville Pines Townhouses in the starting from $1,995. The second greatest value Prospect apartment is the 2 Bed 1.5 Bath + Balcony Model at Carriage Garden Apartments starting at $1,775 with a $1.78 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.
Fayetteville Pines Townhouses2 Bed/2 Bath with W/D & Backyard2BR,1.5BA$1.81
Carriage Garden Apartments2 Bed 1.5 Bath + Balcony2BR,1.5BA$1.78
Manlius Academy2x1AYMA2BR,1BA$1.50
Holiday Efficiency ApartmentsStudio1BR,1BA$0.93
Hickory Hills Apartments1 Bed, 1 bath1BR,1BA$1.68
The Brook (Senior / Income Restricted)One bedroom1BR,1BA$1.28
Steinhorst Square (Senior/ Income Restricted)1 Bdrm 1 Ba1BR,1BA$1.31
Lofts at Globe Mill1 Bed 1 Bath A1BR,1BA$1.49
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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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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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 Griffiss Park Suites listed at $995.

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).

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

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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.