Cheap Homes for Rent in Roosevelt Island, NY from $1,200 (202 Rentals)

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Search the lowest-cost Homes available for rent right now in Roosevelt Island.

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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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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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.

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Roosevelt Island, NY Local Guide

Cheapest Available Roosevelt Island Apartments for Rent and Nearby

 

The cheapest available apartment rental in Roosevelt Island, NY is a Studio unit found at 154 East 37th Street in the Gramercy-Flatiron neighborhood priced from $2,450. The Aspen in the Upper East Side neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $2,800. Here is today’s list of the most affordable Roosevelt Island apartments for rent:

Apartment ListingModel NameBed/BathPriced From
154 East 37th StreetStudio, 1 BathStudio,1BA$2,450
The AspenStudioStudio,1BA$2,800
1567 2nd AveStudio, 1 bathStudio,1BA$2,850
47-45 Vernon Boulevard47-45 VERNON BLVD - STUDIO / 1 BATHStudio,1BA$3,000

Best Value Apartments for Rent in Roosevelt Island, NY and Nearby

As of May 22, 2026 the best value apartment in the Roosevelt Island area is the $2.81 price per square foot 3104 31st Ave Model at 3104 31st Ave, Unit 3 in the in the Ditmars Steinway neighborhood starting from $4,495. The second greatest value Roosevelt Island apartment is the 3220 35th St Model at 3220 35th St, Unit 3 starting at $3,450 with a $3.45 price per square foot in the Ditmars Steinway neighborhood. Here is today’s list of the best values for Roosevelt Island apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3104 31st Ave, Unit 33104 31st Ave3BR,1BA$2.81
3220 35th St, Unit 33220 35th St2BR,1BA$3.45
3707 36th Ave, Unit 33707 36th Ave2BR,1BA$3.56
3212 23rd St, Unit 33212 23rd St1BR,1BA$3.44
3156 31st St, Unit 33156 31st St2BR,1BA$4.24
174 E 111th St, Unit East 111th174 E 111th St1BR,1BA$3.84
2821 36th St, Unit 42821 36th St1BR,1BA$4.93
3434 10th St, Unit 13434 10th StStudio ,1BA$4.80
154 East 37th StreetStudio, 1 BathStudio ,1BA$4.90
122 India St, Unit 2B122 India StStudio ,1BA$4.65

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 Roosevelt Island, NY Rentals by Map

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See the most popular apartments and homes in Roosevelt Island, NY

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Frequently Asked Questions about Roosevelt Island

What type of rentals are currently available in Roosevelt Island?

There are currently 9530 Apartments for Rent in Roosevelt Island, NY with pricing that ranges from $1,280 to $38,000. There are also 1089 Single Family Homes for rent, Condos, and Townhome rentals currently available in Roosevelt Island ranging from $1,220 to $57,500.

What is the current price range for Rental Homes in Roosevelt Island?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Roosevelt Island ranges from $1,220 to $57,500 with an average monthly rent of $8,286.

How much are larger Three and Four Bedroom Rentals in Roosevelt Island?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Roosevelt Island range from $4,100 to $38,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,510 to $32,000. Four Bedroom Single-Family rentals are also available starting from $1,220 and Four Bedroom Apartments start at $5,995.

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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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.

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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.

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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.