Cheap Apartments for Rent in Riverhead, NY from $1,950 (38 Rentals)

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

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Peconic Crossing
1 to 2 Bedroom Apartments

Peconic Crossing

11 W Main StRiverhead, NY 11901
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John Wesley Village III
1 to 2 Bedroom Apartments

John Wesley Village III

1400 Aldgersgate RdRiverhead, NY 11901
Senior Living
  • Utilities Included

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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The Shipyard
Studio to 2 Bedroom Apartments

The Shipyard

331 E Main StRiverhead, NY 11901
Student Housing
  • Utilities Included

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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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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256 Elm St
Studio Apartments

256 Elm St

256 Elm StSouthampton, NY 11968
  • Utilities Included

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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Showing Results 1-38, Page 1 of 1

Riverhead, NY Local Guide

Cheapest Neighborhoods for Apartments in Riverhead, NY

Pricing Updated: 09/14/2026

Current apartment rentals in the Riverhead, NY area range in price from $800 to $60,000 with an overall median price of $2,574. Here is today’s list neighborhoods with the lowest median pricing for Riverhead Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Riverhead$2,370$2,00013
Eastern Suffolk$2,565$8001060
Outlying Eastern Suffolk$2,650$1,968159

Cheapest Available Riverhead Apartments for Rent

 

The cheapest available apartment rental in Riverhead, NY is a 1 Bed unit found at John Wesley Village III in the Outlying Eastern Suffolk neighborhood priced from $1,740. Fairfield Courtyard At Coram in the Coram neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,950. Here is today’s list of the most affordable Riverhead apartments for rent:

Apartment ListingModel NameBed/BathPriced From
John Wesley Village III1-11BR,1BA$1,740
Fairfield Courtyard At CoramResidence 3NStudio,1BA$1,950
Villas at Pine HillsThe StudioStudio,1BA$1,968
Pine Hills SouthThe Cambridge1BR,1BA$1,993
Fairfield Estates at Miller PlaceResidence 4Studio,1BA$2,035
Fairfield Pines EastThe AnchorageStudio,1BA$2,055
Oakview Apartments1 Bedroom Upper1BR,1BA$2,060
Brookwood at RidgeOne Bedroom (Upstairs)1BR,1BA$2,141
Fairfield Lakeside At MorichesThe Astor Upper1BR,1BA$2,235
122 Prince RdOne Bed/Upstairs & Downstairs Units Available1BR,1BA$2,300

Best Value Apartments for Rent in Riverhead, NY

As of September 15, 2026 the best value apartment in the Riverhead area is the $1.62 price per square foot CEDAR 3 BR/2 BATH Model at Fairfield Townhouses East at Coram in the in the Coram neighborhood starting from $4,215. The second greatest value Riverhead apartment is the The Townhouse Model at Echo Pond Luxury Apartments starting at $4,177 with a $2.35 price per square foot in the Poospatuck Reservation neighborhood. Here is today’s list of the best values for Riverhead apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fairfield Townhouses East at CoramCEDAR 3 BR/2 BATH3BR,3BA$1.62
Echo Pond Luxury ApartmentsThe Townhouse2BR,2.5BA$2.35
Fairfield Townhouses At RidgeThe Cherry2BR,2BA$2.81
Mirror PondThe Ranch2BR,2BA$3.02
The Point at Pine Ridge2 Bed/2 Bath-The Lopez2BR,2BA$3.01
Fairfield Courtyard At Middle IslandThe Knoll2BR,1BA$2.78
Fairfield PinesThe Stafford2BR,1BA$2.83
Walden Pond at East Moriches 55+ CommunityBostonian II - Penthouse Level1BR,1BA$2.60
Pinewood Estates A Vibrant 55 + Community1BR/1BA 2nd floor1BR,1BA$2.82
John Wesley Village III1-11BR,1BA$2.36

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Riverhead, NY

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Frequently Asked Questions about Cheap Riverhead Apartments

What is a cheap apartment in Riverhead?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Riverhead is under $2,300.

What is the price of a cheap apartment in Riverhead?

The cheapest apartment in Riverhead is John Wesley Village III which is listed at $1,740, while the average apartment in Riverhead costs $2,574.

What types of apartments are the cheapest in Riverhead?

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 68 regular apartments in Riverhead 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 Riverhead?

Cheap apartments in Riverhead have an average cost of $243 which is $2,331 cheaper than the average rent for all rentals in Riverhead.

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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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.