Cheap Apartments for Rent in the Central Business District Rochester, NY from $400 (54 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Central Business District area of Rochester.

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.

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.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Midtown Manor Apartments
Studio to 1 Bedroom Apartments

Midtown Manor Apartments

475 E Broad StRochester, NY 14607
Senior Living
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SOHO Center
Studio Apartments

SOHO Center

90 Canal StRochester, NY 14608
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Andrews Terrace
Studio to 2 Bedroom Apartments

Andrews Terrace

125 Saint Paul StRochester, NY 14604
Senior Living
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St. Simon's Terrace
1 to 4 Bedroom Apartments

St. Simon's Terrace

360 St Paul StRochester, NY 14605
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Gibbs Place
Studio to 1 Bedroom Apartments

Gibbs Place

35 Chestnut StRochester, NY 14604
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East End Apartments
Studio to 2 Bedroom Apartments

East End Apartments

325 Alexander StRochester, NY 14607
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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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119 Ashland St
Studio Apartments

119 Ashland St

119 Ashland StRochester, NY 14620
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Stanton
Studio to 2 Bedroom Apartments

Stanton

240 S Goodman StRochester, NY 14607
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262 S Goodman St
Studio Apartments

262 S Goodman St

262 S Goodman StRochester, NY 14607
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Shelbourne Apartments
Studio Apartments

Shelbourne Apartments

517 University AveRochester, NY 14607
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Park Square Apartments
Studio to 3 Bedroom Apartments

Park Square Apartments

10 Manhattan Square DrRochester, NY 14607
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33-35 S Goodman St.
1 Bedroom Apartments

33-35 S Goodman St.

33 S Goodman StRochester, NY 14607
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South & Hickory Place
Studio to 2 Bedroom Apartments

South & Hickory Place

661-663 South AveRochester, NY 14620
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23 Brighton St
1 Bedroom Apartments

23 Brighton St

23 Brighton StRochester, NY 14607

Central Business District, Rochester, NY Local Guide

Cheapest Available Central Business District Apartments for Rent

 

The cheapest available apartment rental in the Central Business District area of Rochester, NY is a Studio unit found at Shelbourne Apartments priced from $825. 49 Troup Street has the second lowest priced unit, which is a Studio apartment currently listed from $850. Here are the most affordable Central Business District apartments for rent in Rochester, NY:

Apartment ListingModel NameBed/BathPriced From
Shelbourne ApartmentsStudio, 1 bathStudio,1BA$825
49 Troup Street0BR/1.0BAStudio,1BA$850
Franklin Street ApartmentsOne Bedroom1BR,1BA$950
The AmbassadorSTUDIOStudio,1BA$975
145 S. FitzhughStudioStudio,$1,000
The Smith Gormly5041BR,1BA$1,000
46-48 Harlem1BR/1.0BA1BR,1BA$1,050

Best Value Apartments for Rent in Central Business District, NY

As of July 04, 2025 the best value apartment in the Central Business District area is the $1.19 price per square foot 308 Park Ave Model at 308 Park Ave, Unit #1 in the in the East End neighborhood starting from $1,800. The second greatest value Central Business District apartment is the 3 Beds, 1.5 baths Model at 246-254 Park Ave starting at $1,750 with a $1.17 price per square foot in the East End neighborhood. Here is today’s list of the best values for Central Business District apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
308 Park Ave, Unit #1308 Park Ave3BR,1BA$1.19
246-254 Park Ave3 Beds, 1.5 baths3BR,1.5BA$1.17
432 Frederick Douglass St, Unit North Apartment432 Frederick Douglass St2BR,1BA$1.08
Kirstein LoftsTwo Bedroom2BR,2BA$1.24
318 Scio St, Unit #1318 Scio St2BR,1BA$1.19
Water Street CommonsOne Bedroom1BR,1BA$1.19
139 Spencer St, Unit 139-5139 Spencer St4BR,1BA$1.30
The Smith Gormly5041BR,1BA$1.00
36 Woodward St, Unit 136 Woodward St1BR,1BA$1.10
Shelbourne ApartmentsStudio, 1 bathStudio ,1BA$1.38

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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Pet Friendly Lifestyle
Central Business District, Rochester, NY

Ranked #9

Among neighborhoods in Rochester, NY for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across New York, including Rochester. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, transit availability, pet-friendly communities, family-friendly amenities, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Central Business District Apartments

What is a cheap apartment in Central Business District?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central Business District is under $1,050.

What is the price of a cheap apartment in Central Business District?

The cheapest apartment in Central Business District is Franklin Street Apartments which is listed at $950, while the average apartment in Central Business District costs $2,395.

What types of apartments are the cheapest in Central Business District?

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 20 regular apartments in Central Business District 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 Central Business District?

Cheap apartments in Central Business District have an average cost of $208 which is $2,187 cheaper than the average rent for all rentals in Central Business District.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.