Cheap Apartments for Rent in the Central Business District Rochester, NY from $400 (93 Rentals)

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

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90 Alexander St, Unit 1
$950
Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950
1 Bedroom Apartment Available Now

90 Alexander St, Unit 1

90 Alexander StRochester, NY 14620
Cost Per Sq.Ft.

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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346 S Goodman St, Unit 3
$1,050
Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050
1 Bedroom Apartment Available Now

346 S Goodman St, Unit 3

346 S Goodman StRochester, NY 14607
Affordability
property at 48 Harlem St

$1,095 - $1,250

1 Bedroom Rentals

Available Now

48 Harlem St

RochesterNY14607
property at 583 Averill Ave

$1,095 - $1,250

1 Bedroom Rentals

Available Now

583 Averill Ave

RochesterNY14607

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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The Hive @ 151
Rent Specials
$1,200 - $1,645
Total Monthly Price

Total Monthly Price

Base Rent
$1,200 - $1,645
Total Monthly Price
$1,200 - $1,645
Studio Apartments Available Now

The Hive @ 151

151 Saint Paul StRochester, NY 14604
Student Housing
  • Verified
  • Utilities Included
property at 151 St Paul St

$1,200 - $1,550

Studio Rentals

Available Now

151 St Paul St

RochesterNY14604
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8 Brighton St
$1,245 - $1,395
Total Monthly Price

Total Monthly Price

Base Rent
$1,245 - $1,395
Total Monthly Price
$1,245 - $1,395
2 Bedroom Apartment Available Jun 15

8 Brighton St

8 Brighton StRochester, NY 14607
Cost Per Sq.Ft.

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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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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property at 30 W Broad St

$1,325 - $2,290

Studio To 2 Bedroom Rentals

Available Now

30 W Broad St

RochesterNY14614

Rochester College Rentals: Finding the Best Value Neighborhoods for Students

Find your new digs in Rochester! We highlight the best value neighborhoods with safe, walkable, and affordable rental options close to all of the city’s postsecondary institutions.

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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 $750. Franklin Street Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here are the most affordable Central Business District apartments for rent in Rochester, NY:

Apartment ListingModel NameBed/BathPriced From
Shelbourne ApartmentsStudioStudio,1BA$750
Franklin Street ApartmentsOne Bedroom1BR,1BA$900
The Lofts at SearleStudioStudio,1BA$995
The Columbus BuildingStudio 7th FloorStudio,1BA$999
145 S. FitzhughStudioStudio,1BA$1,045
Arnold Park ApartmentsMayflower House - Studio, RenovatedStudio,1BA$1,065
46 Harlem St1BR/1.0BA1BR,1BA$1,095
Normandie Apartments0BR/1.0BAStudio,1BA$1,099

Best Value Apartments for Rent in Central Business District, NY

As of June 01, 2026 the best value apartment in the Central Business District area is the $0.93 price per square foot 2A Model at North Plymouth Terrace in the in the Sector 10 neighborhood starting from $1,350. The second greatest value Central Business District apartment is the 1 Bed 1 Bath | Classic DLX Model at Warner Lofts starting at $1,630 with a $1.21 price per square foot in the Sector 10 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.
North Plymouth Terrace2A1BR,1BA$0.93
Warner Lofts1 Bed 1 Bath | Classic DLX1BR,1.5BA$1.21
Water Street CommonsTwo Bedroom2BR,1BA$1.18
The Lofts at Michaels-SternStudioStudio ,1BA$1.30
Liberty Lofts110% AMI 1 Bed / 1 Bath Loft Den1BR,1BA$1.41
111 On East1BR/1.0BA1BR,1BA$1.39
90 Alexander St, Unit 190 Alexander St1BR,1BA$1.06
The Hive @ 151StudioStudio ,1BA$1.48
Hive@155 and Hive AndrewsHive 155 StudioStudio ,1BA$1.38
Shelbourne ApartmentsStudioStudio ,1BA$1.25

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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Pet Friendly Lifestyle
Central Business District, Rochester, NY

Ranked #10

Among cities in New York for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Central Business District, Rochester, NY

School data provided by Great Schools

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 the Cheapest Studio apartment in Central Business District?

Currently the most affordable Cheap Studio Apartment in Central Business District is at Shelbourne Apartments listed at $750.

How much is rent for a Cheap One Bedroom Central Business District Apartment?

The lowest price for a Cheap One Bedroom Central Business District Apartment is $900 at Franklin Street Apartments.

What is the lowest price for a Cheap Two Bedroom Central Business District Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Central Business District is starting from $1,300 at Franklin Street Apartments.

What is the most affordable Central Business District Three Bedroom Apartment?

The best deal on a cheap Central Business District Three Bedroom Apartment rental is at Cascade District Lofts and starts from $4,500.

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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Beyond the Finger Lakes: Unveiling Rochester's 7 Best-Value Neighborhoods to Rent

Written by: Patrick Ryan

There has never been a better time to live in Rochester.  Also known as the Young Lion of the West and Flower City, Rochester is an underrated living space within the gorgeous Finger Lakes region.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.