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1 Bedroom, East Harlem Rental in NYC for $2,108 - Photo 1
2 hours ago  |  Score: 100
121 East 97th Street, Apt 43
East Harlem, Upper Manhattan, Manhattan
$2,108
|
1 Bed
|
1 Bath
By Ofer Avital
Featured
No Fee
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3 Bedrooms, Bedford-Stuyvesant Rental in NYC for $2,650 - Photo 1
2 hours ago  |  Score: 100
741 Lafayette Avenue, Apt 3
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,650
|
3 Bed
|
2 Bath
By Nadia Hussey
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Studio, Upper East Side Rental in NYC for $2,600 - Photo 1
6 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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1 Bedroom, Sunnyside Rental in NYC for $1,800 - Photo 1
3 hours ago  |  Score: 100
45-20 43rd Street, Apt 2E
Sunnyside, Long Island City, Northwestern Queens, Queens
$1,800
|
1 Bed
|
1 Bath
By Christian Florez, Long Island City Expert
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Studio, Turtle Bay Rental in NYC for $2,350 - Photo 1
2 hours ago  |  Score: 100
E 46 Street
Turtle Bay, Midtown East, Midtown Manhattan, Manhattan
$2,350
|
Studio
|
1 Bath
By John Skip Murphy
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Studio, Turtle Bay Rental in NYC for $2,350 - Photo 1
2 hours ago  |  Score: 100
E 46 Street
Turtle Bay, Midtown East, Midtown Manhattan, Manhattan
$2,350
|
Studio
|
1 Bath
By John Skip Murphy
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Studio, Murray Hill Rental in NYC for $2,600 - Photo 1
2 hours ago  |  Score: 100
East 39th Street
Murray Hill, Midtown Manhattan, Manhattan
$2,600
|
Studio
|
1 Bath
By Abdulla Attareb, Murray Hill Expert
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No Fee
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Studio, Prospect Heights Rental in NYC for $3,000 - Photo 1
4 hours ago  |  Score: 100
Pacific Street
Prospect Heights, Northwestern Brooklyn, Brooklyn
$3,000
|
Studio
|
1 Bath
By Cherish Dawn
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No Fee
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Room, Bushwick Rental in NYC for $1,200 - Photo 1
1 hour ago  |  Score: 100
954 Madison Street, Apt A2A
Bushwick, Northern Brooklyn, Brooklyn
$1,200
|
Private Room
|
4 Bath
By Michelle, Bushwick Expert
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No Fee
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Room, Woodside Rental in NYC for $900 - Photo 1
1 hour ago  |  Score: 100
67-7 Woodside Avenue, Apt 3B
Woodside, Northwestern Queens, Queens
$900
|
Private Room
|
1 Bath
By Michelle
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No Fee
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2 Bedrooms, Ocean Hill Rental in NYC for $3,000 - Photo 1
4 hours ago  |  Score: 99.7
505 Bainbridge Street, Apt 1
Ocean Hill, Central Brooklyn, Brooklyn
$3,000
|
2 Bed
|
1 Bath
By Akeem Smith
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1 Bedroom, Downtown Brooklyn Rental in NYC for $3,000 - Photo 1
2 hours ago  |  Score: 99.5
250 Gold Street, Apt 3
Downtown Brooklyn, Northwestern Brooklyn, Brooklyn
$3,000
|
1 Bed
|
1 Bath
By Tiffinie Kish, Downtown Brooklyn Expert
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No Fee
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Studio, Koreatown Rental in NYC for $2,950 - Photo 1
1 hour ago  |  Score: 99.2
33&Broadway
Koreatown, Midtown Manhattan, Manhattan
$2,950
|
Studio
|
1 Bath
By Yordan Bobchev
No Fee
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1 Bedroom, Astoria Rental in NYC for $2,450 - Photo 1
5 hours ago  |  Score: 99.1
31-72 31 STREET
Astoria, Northwestern Queens, Queens
$2,450
|
1 Bed
|
1 Bath
By Julia Cordova
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Studio, Murray Hill Rental in NYC for $2,600 - Photo 1
3 hours ago  |  Score: 99.1
East 38th Street
Murray Hill, Midtown Manhattan, Manhattan
$2,600
|
Studio
|
1 Bath
By Abdulla Attareb, Murray Hill Expert
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No Fee
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2 Bedrooms, Astoria Rental in NYC for $2,350 - Photo 1
11 hours ago  |  Score: 99.0
31-64 21st Street, Apt 15C
Astoria, Northwestern Queens, Queens
$2,350
|
2 Bed
|
1 Bath
By Andreas Photiou
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Studio, Hunters Point Rental in NYC for $2,895 - Photo 1
1 hour ago  |  Score: 99.0
Center Blvd and 46th Ave
Hunters Point, Long Island City, Northwestern Queens, Queens
$2,895
|
Studio
|
1 Bath
By Justin Travis
No Fee
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3 Bedrooms, Sunnyside Rental in NYC for $3,000 - Photo 1
3 hours ago  |  Score: 98.8
50-48 45th Street, Apt 2ND FLO...
Sunnyside, Long Island City, Northwestern Queens, Queens
$3,000
|
3 Bed
|
1 Bath
By Kathy
No Fee
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1 Bedroom, Gramercy Park Rental in NYC for $2,300 - Photo 1
2 hours ago  |  Score: 98.7
Irving Place
Gramercy Park, Midtown Manhattan, Manhattan
$2,300
|
1 Bed
|
1 Bath
By Isaiah Dunn
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Studio, Kew Gardens Rental in NYC for $1,795 - Photo 1
1 hour ago  |  Score: 98.6
Metropolitan Ave and Lefferts ...
Kew Gardens, Northeastern Queens, Queens
$1,795
|
Studio
|
1 Bath
By Justin Travis
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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