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Cheap Apartments for Rent

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191 East 76th Street, Apt 5F
Upper East Side, Upper Manhattan, Manhattan
$2,850
Featured
By Charles Munroe, last hour
1 Bed
|
1 Bath
|
750 Sqft
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242 East 75th Street, Apt 4B
Upper East Side, Upper Manhattan, Manhattan
$3,000
Featured
No Fee
By Charles Munroe, last hour
1 Bed
|
1 Bath
|
620 Sqft
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151 West 16th Street, Apt 1D
Chelsea, Midtown Manhattan, Manhattan
$2,995
Featured
By Austin Rudd, last 30 min
Studio
|
1 Bath
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336 East 87th Street, Apt 1D
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,350
Featured
By Austin Rudd, last 30 min
1 Bed
|
2 Bath
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1190 Madison Street, Apt 2ND F...
Bushwick, Northern Brooklyn, Brooklyn
$2,495
Featured
No Fee
By David Kusayev, last hour
2 Bed
|
1 Bath
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Wadsworth Avenue
Washington Heights, Upper Manhattan, Manhattan
$2,143
Featured
By Oscarli Diaz, last 30 min
1 Bed
|
1 Bath
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Stanton Street
Lower East Side, Downtown Manhattan, Manhattan
$2,995
Featured
No Fee
By Laura Maynard, last 30 min
Studio
|
1 Bath
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303 East 76th Street, Apt 6
Upper East Side, Upper Manhattan, Manhattan
$2,500
Featured
No Fee
By James Brennan, 1 hour ago
1 Bed
|
1 Bath
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868 Jefferson Avenue, Apt 3R
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$1,200
Featured
No Fee
By Aleph Living, last hour
4 Bed
|
2 Bath
|
800 Sqft
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474 Ninth Avenue
Garment District, Hudson Yards, Midtown Manhattan, Manhattan
$1,925
Featured
No Fee
By Owner
By June Homes, 1 hour ago
Studio
|
1 Bath
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180 Bainbridge Street, Apt 204...
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,900
No Fee
By Cassandra De Leon, last hour
1 Bed
|
1 Bath
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26-38 21st St., Apt 2A
Astoria, Northwestern Queens, Queens
$2,400
No Fee
By David Kusayev, last hour
Studio
|
1 Bath
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45-45 Center Boulevard
Hunters Point, Long Island City, Northwestern Queens, Queens
$2,985
Featured
No Fee
By Joseph Nardo Jacobs, 1 hour ago
Studio
|
1 Bath
Check Availability
600 Park Place, Apt 4
Crown Heights, Central Brooklyn, Brooklyn
$2,700
No Fee
By Cassandra De Leon, last hour
2 Bed
|
1 Bath
Check Availability
like Christmas everyday >...
Turtle Bay, Midtown East, Midtown Manhattan, Manhattan
$2,860
Featured
By Gent , last hour
Studio
|
1 Bath
|
450 Sqft
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1570 1st Avenue, Apt GA
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,295
By Ted Fernandez, 1 hour ago
Studio
|
1 Bath
Check Availability
191 East 76th Street, Apt 3F
Upper East Side, Upper Manhattan, Manhattan
$2,850
By Ted Fernandez, 1 hour ago
1 Bed
|
1 Bath
Check Availability
455 West 34th Street, Apt PENT...
Hudson Yards, Midtown Manhattan, Manhattan
$2,800
Featured
By Rebecca Li, 2 hours ago
1 Bed
|
1 Bath
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3 West 103rd Street, Apt 4RW
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
$2,995
No Fee
By Richard Ham, 1 hour ago
2 Bed
|
1 Bath
Check Availability
Wall corner w/ HO >> ...
Financial District, Downtown Manhattan, Manhattan
$2,996
No Fee
By Gent, last 30 min
Studio / Flex 1
|
1 Bath
|
640 Sqft
Check Availability
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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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