
Cheap Homes for Rent in Putnam Valley, NY from $1,500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Putnam Valley.


3 Pine Terrace Rd

39 Rome Ave

12 Mountain Ave
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.

109 South Terrace

3311 Villa at the Woods

8 N James St

1879 Crompond Rd
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.
Putnam Valley, NY Local Guide

How much does it cost to rent a home in Putnam Valley?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Putnam Valley 2 Bedroom Homes for Rent | $4,119 | $2,000 | $9,000 |
| Putnam Valley 3 Bedroom Homes for Rent | $4,051 | $3,000 | $5,250 |
| Putnam Valley 4 Bedroom Homes for Rent | $4,933 | $4,300 | $5,800 |
| Putnam Valley 5 Bedroom Homes for Rent | $9,700 | $9,700 | $9,700 |
| Putnam Valley 6 Bedroom Homes for Rent | $10,500 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Putnam Valley
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Putnam Valley, NY Local Guide
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Cheapest Available Putnam Valley Apartments for Rent and Nearby
 The cheapest available apartment rental in Putnam Valley, NY is a 1 Bed unit found at Amber Grove in the Grove at New Windsor neighborhood priced from $484. Mountain View Knolls in the Old Hopewell Estates neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,300. Here is today’s list of the most affordable Putnam Valley apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Amber Grove | 1 Bed, 1 bath | 1BR,1BA | $484 |
| Mountain View Knolls | Studio | Studio,1BA | $1,300 |
| Scenic Ridge at Amberlands | Small Studio | Studio,1BA | $1,350 |
Best Value Apartments for Rent in Putnam Valley, NY and Nearby
As of April 21, 2026 the best value apartment in the Putnam Valley area is the $2.12 price per square foot C2 Model at Vista Point Apartments in the starting from $3,160. The second greatest value Putnam Valley apartment is the 2 bed 1.5 Bath W/ WD Model at HudsonView Living starting at $2,630 with a $2.50 price per square foot in the Downtown Peekskill neighborhood. Here is today’s list of the best values for Putnam Valley apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Vista Point Apartments | C2 | 3BR,2BA | $2.12 |
| HudsonView Living | 2 bed 1.5 Bath W/ WD | 2BR,1.5BA | $2.50 |
| The Lofts at Beacon | Sx1 E | Studio ,1BA | $2.57 |
| The Hamlet at Carmel | Two Bed One Bath | 2BR,1BA | $2.37 |
| 2205 Mayor Mitchell Court | 2 bedroom | 2BR,1BA | $2.45 |
| Sycamore Gardens | 2 Beds, 1 bath | 2BR,1BA | $2.41 |
| Squire Village Apartments | One Bedroom ( Coming Soon ) | 1BR,1BA | $2.08 |
| Knox Village | 1 Bedroom | 1BR,1BA | $2.05 |
| Idlewild Creek Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $2.66 |
| Amber Grove | 1 Bed, 1 bath | 1BR,1BA | $0.86 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick 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.
Best Local Schools in Putnam Valley, NY
Putnam Valley Elementary School
Putnam Valley High School
Putnam Valley Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Putnam Valley, NY Rentals by Map
See the most popular apartments and homes in Putnam Valley, NY
Frequently Asked Questions about Putnam Valley
What type of rentals are currently available in Putnam Valley?
There are currently 75 Apartments for Rent in Putnam Valley, NY with pricing that ranges from $484 to $5,665. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Putnam Valley ranging from $1,500 to $10,500.
What is the current price range for Rental Homes in Putnam Valley?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Putnam Valley ranges from $1,500 to $10,500 with an average monthly rent of $5,929.
How much are larger Three and Four Bedroom Rentals in Putnam Valley?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Putnam Valley range from $1,919 to $5,665, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,000 to $5,250. Four Bedroom Single-Family rentals are also available starting from $4,300 and Four Bedroom Apartments start at $2,140.
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

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.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.