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1 Bedroom, Yorkville Rental in NYC for $2,350 - Photo 1
6 hours ago  |  Score: 100
213 East 84th Street, Apt 4D
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,350
|
1 Bed
|
1 Bath
By Charles Munroe, Upper East Side Expert
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2 Bedrooms, Central Harlem Rental in NYC for $2,400 - Photo 1
1 hour ago  |  Score: 100
162 Lenox Avenue, Apt 2D
Central Harlem, Upper Manhattan, Manhattan
$2,400
|
2 Bed
|
1 Bath
By Christian Florez
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3 Bedrooms, East Harlem Rental in NYC for $2,745 - Photo 1
1 hour ago  |  Score: 100
Second Avenue
East Harlem, Upper Manhattan, Manhattan
$2,745
|
3 Bed
|
2 Bath
By Don Carlos
Featured
No Fee
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1 Bedroom, Bedford-Stuyvesant Rental in NYC for $2,200 - Photo 1
3 hours ago  |  Score: 100
18 Hart Street, Apt 1B
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,200
|
1 Bed
|
1 Bath
By Harry
Featured
No Fee
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3 Bedrooms, Bedford-Stuyvesant Rental in NYC for $2,600 - Photo 1
3 hours ago  |  Score: 100
331 Vernon Avenue, Apt 2L
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,600
|
3 Bed
|
1.5 Bath
By Harry
Featured
No Fee
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Studio, Yorkville Rental in NYC for $2,150 - Photo 1
3 hours ago  |  Score: 100
1425 3 Avenue
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,150
|
Studio
|
1 Bath
By Katherine Johnson
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Studio, Upper East Side Rental in NYC for $2,600 - Photo 1
12 hours ago  |  Score: 100
1134 Madison Avenue, Apt 2F
Upper East Side, Upper Manhattan, Manhattan
$2,600
|
Studio
|
1 Bath
By Charles Munroe, Upper East Side Expert
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Studio, Hell's Kitchen Rental in NYC for $2,810 - Photo 1
Last hour  |  Score: 99.8
West 37th Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,810
|
Studio
|
1 Bath
By Tom Essien
No Fee
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1 Bedroom, Yorkville Rental in NYC for $2,295 - Photo 1
2 hours ago  |  Score: 99.3
East 80 Street
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,295
|
1 Bed
|
1 Bath
By Katherine Johnson
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Studio, Bowery Rental in NYC for $2,617 - Photo 1
2 hours ago  |  Score: 99.2
17 Stanton Street
Bowery, Downtown Manhattan, Manhattan
$2,617
|
Studio
|
1 Bath
By Christine Farkouh
No Fee
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1 Bedroom, Crown Heights Rental in NYC for $2,100 - Photo 1
2 hours ago  |  Score: 99.1
Prospect Place
Crown Heights, Central Brooklyn, Brooklyn
$2,100
|
1 Bed
|
1 Bath
By Arie Moller
Featured
No Fee
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Studio, Elmhurst Rental in NYC for $1,491 - Photo 1
2 hours ago  |  Score: 99.1
86-35 Queens Boulevard, Apt 4
Elmhurst, Northwestern Queens, Queens
$1,491
|
Studio
|
1 Bath
By Terry Gaynor
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3 Bedrooms, Crown Heights Rental in NYC for $2,975 - Photo 1
2 hours ago  |  Score: 99.1
New York Avenue
Crown Heights, Central Brooklyn, Brooklyn
$2,975
|
3 Bed
|
1 Bath
By Arie Moller
Featured
No Fee
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2 Bedrooms, Chinatown Rental in NYC for $2,995 - Photo 1
11 hours ago  |  Score: 98.8
13 Essex Street, Apt 13
Chinatown, Downtown Manhattan, Manhattan
$2,995
|
2 Bed
|
1 Bath
By Randall Smith
Featured
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1 Bedroom, Hell's Kitchen Rental in NYC for $2,450 - Photo 1
8 hours ago  |  Score: 98.7
328 West 47th Street, Apt 1
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,450
|
1 Bed
|
1 Bath
By Kennedy Gomez
Featured
No Fee
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2 Bedrooms, Flatbush Rental in NYC for $2,631 - Photo 1
3 hours ago  |  Score: 98.4
2708 Snyder Avenue, Apt 417
Flatbush, Central Brooklyn, Brooklyn
$2,631
|
2 Bed
|
1 Bath
By Eli Holtzman
Featured
No Fee
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Studio, Gramercy Park Rental in NYC for $3,000 - Photo 1
2 hours ago  |  Score: 98.4
East 22 Street
Gramercy Park, Midtown Manhattan, Manhattan
$3,000
|
Studio
|
1 Bath
By Yousaf Rehman, Gramercy Park Expert
No Fee
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1 Bedroom, Astoria Rental in NYC for $2,275 - Photo 1
14 hours ago  |  Score: 98.4
30-95 29th St., Apt 5F
Astoria, Northwestern Queens, Queens
$2,275
|
1 Bed
|
1 Bath
By David Kusayev, Astoria Expert
Featured
No Fee
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2 Bedrooms, Flatbush Rental in NYC for $2,631 - Photo 1
3 hours ago  |  Score: 98.4
2708 Snyder Avenue, Apt 417
Flatbush, Central Brooklyn, Brooklyn
$2,631
|
2 Bed
|
1 Bath
By Eli Holtzman
Featured
No Fee
Video Tour
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1 Bedroom, Bushwick Rental in NYC for $3,000 - Photo 1
8 hours ago  |  Score: 98.3
10 Montieth Street, Apt 531
Bushwick, Northern Brooklyn, Brooklyn
$3,000
|
1 Bed
|
1 Bath
By Karin
Featured
No Fee
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Cheap

New York is certainly one of the most exciting and diverse cities in the world. Yet, there is no question that it is also one of the most expensive. In fact, the standard one-bedroom apartment averages over $3,200. Even studios (or smaller units) aren't much cheaper. These prices can certainly dissuade any new graduates moving into the city. Don't fret, though. There are a number of cheap and affordable options throughout the city (and the outer boroughs). In addition, if you're willing to…

Cheap Apartments for Rent

Cheap

New York is certainly one of the most exciting and diverse cities in the world. Yet, there is no question that it is also one of the most expensive. In fact, the standard one-bedroom apartment averages over $3,200. Even studios (or smaller units) aren't much cheaper. These prices can certainly dissuade any new graduates moving into the city. Don't fret, though. There are a number of cheap and affordable options throughout the city (and the outer boroughs). In addition, if you're willing to have a roommate, a lot more options open up. Here at RentHop, we're helping you find the best affordable apartments within your budget. You can search for cheap apartments by price, location, as well as filter by floorplans. We've also written a comprehensive rental guide that will teach you more about the NYC rental process.

Saving Money

There are a number of ways to save money when looking for an apartment. First, you're paying a massive premium if you want to live in a doorman/elevator luxury building. Do you really need someone to accept your packages and watch the front door? Do you really need an elevator (or are you willing to walk up a few steps?). Second, much larger apartments tend to be cheaper per bedroom. If you're willing to live with multiple roommates, you can probably save money by dividing the cost of the common area among multiple people. Third, do you really need to be close to the trendy areas of the city? The public transportation system in New York is pretty robust. As long as you live near a subway line, you can pretty much get anyone in the city decently fast. Finally, for those who don't mind walking and exercise, RentHop has found that apartments farther away from subway access and on the higher floors of walkups tend to be significantly cheaper. If you're willing to compromise, there are a number of affordable apartments in New York (and even Manhattan). Of course, very rarely, you might find that "gem" apartment in the city. Save your searches on our site to get updates whenever new apartments pop up.

Best Neighborhoods for Finding Bargains

Every neighborhood has its own distinct flavor. Some neighborhoods are built tall (with skyscrapers and commercial buildings). Other neighborhoods are filled with old walk-ups and greenery. There is no question that prices also differ by neighborhood. The average price of a one-bedroom in NoMad (north of Madison Park) might be over $4,000 whereas a one-bedroom in the Lower East Side is only around $2,700. Even in adjoining neighborhoods, the prices can differ significantly. A few blocks matter!

When looking for the neighborhoods keep an open mind on the surrounding areas (and neighborhoods) to find the best "bang for buck" in terms of quality relative to cheapness. To get you started, though, RentHop has found that Lower East Side apartments, Upper East Side apartments, East Village apartments tend to be cheaper. Many of these areas have fewer luxury high-rise buildings and more inventory of older walkups (which tend to be cheaper). If you're looking to live in a luxury high-rise, your best bet might be Midtown East and the Financial District. Brooklyn Heights and Jersey City offer additional discounts if you're OK with living outside of Manhattan.

Why is it so expensive?

How did New York City get so expensive? First off, the pricing in Manhattan shouldn't be too surprising given that it is effectively a small peninsula with a limited amount of space. In addition, zoning laws across the city prevent it from "building up" except in certain neighborhoods. Just as important, though, is the relative wealth of the city. The New York City metropolitan area (which includes part of Jersey) has the second highest median household income (only slightly beaten by the San Francisco area). Finally, condos and co-ops in the city have become somewhat of an "investment asset," reducing the available inventory for renting.

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