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Cheap Apartments for Rent

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4623 Avenue L, Apt 1
Flatlands, Southeastern Brooklyn, Brooklyn
$2,950
Exclusive
By Katrina Massey, 2 hours ago
3 Bed
|
1.5 Bath
Check Availability
412 Halsey Street, Apt 1
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$3,000
Exclusive
By Mahmudul Choudhury, 3 hours ago
2 Bed
|
2 Bath
Check Availability
457 Convent Avenue, Apt 3
Hamilton Heights, West Harlem, Harlem, Upper Manhattan, Manhattan
$2,400
Exclusive
No Fee
By Yakub Laguda, 3 hours ago
1 Bed
|
1 Bath
Check Availability
West 55th Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,650
By Robert Goodwin, 3 hours ago
Studio
|
1 Bath
|
590 Sqft
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577 2 Avenue, Apt 55
Rose Hill, Kips Bay, Midtown Manhattan, Manhattan
$2,995
By Tyler McKenna, 3 hours ago
Studio
|
1 Bath
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1630 Madison Avenue, Apt 4B
East Harlem, Harlem, Upper Manhattan, Manhattan
$1,995
Exclusive
By Laika Michelle Dacalos, 2 hours ago
Studio
|
1 Bath
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81 Hart Street, Apt 1
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,450
By William Smith, Last 30 min
2 Bed
|
1 Bath
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Pitt Street
Lower East Side, Downtown Manhattan, Manhattan
$3,000
By Tatiana Shreider, 4 hours ago
2 Bed
|
1 Bath
Check Availability
2068 Story Avenue, Apt 2F
Unionport, East Bronx, Bronx
$2,600
Exclusive
By Obed Asiedu, 5 hours ago
3 Bed
|
1 Bath
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243 45 Street, Apt 2
Sunset Park, South Brooklyn, Brooklyn
$2,000
Exclusive
By Ben Alexander, 3 hours ago
3 Bed
|
1 Bath
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650 Ninth Avenue
Hell's Kitchen, Midtown Manhattan, Manhattan
$1,850
Exclusive
No Fee
By Owner
By June, 1 hour ago
Private Room
|
2 Bath
|
80 Sqft
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201 East 89th Street, Apt 3B
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,500
Exclusive
By Justin Rodriguez, 3 hours ago
Studio
|
1 Bath
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204-10 43rd Ave, Apt 2A
Auburndale, Northeastern Queens, Queens
$2,495
Exclusive
No Fee
By Nelly Mrakovcic, 2 hours ago
3 Bed
|
1 Bath
Check Availability
4510 11 Avenue, Apt 3F
Borough Park, Southwestern Brooklyn, Brooklyn
$1,645
Exclusive
By Shang Wei, 2 hours ago
1 Bed
|
1 Bath
Check Availability
2068 Story Avenue, Apt 1F
Unionport, East Bronx, Bronx
$2,050
Exclusive
By Obed Asiedu, 4 hours ago
2 Bed
|
1 Bath
Check Availability
145-47 Shore Avenue, Apt 1
Jamaica, Southeastern Queens, Queens
$2,700
Exclusive
By Ben Alexander, 2 hours ago
2 Bed / Flex 3
|
1 Bath
|
1,050 Sqft
Check Availability
190 East 3 Street, Apt 5D
Alphabet City, East Village, Downtown Manhattan, Manhattan
$2,850
Exclusive
By Tatiana Shreider, 2 hours ago
Alphabet City Expert
1 Bed
|
1 Bath
Check Availability
152a Saratoga Avenue, Apt 2
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,800
Exclusive
By Katrina Massey, 6 hours ago
Bedford-Stuyvesant Expert
3 Bed
|
1 Bath
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204-06 43 Ave, Apt 3B
Auburndale, Northeastern Queens, Queens
$2,295
Exclusive
By Nelly Mrakovcic, 2 hours ago
2 Bed
|
1 Bath
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172 West 107th Street
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
$1,950
Exclusive
No Fee
By Owner
By June, 1 hour ago
Manhattan Valley Expert
Private Room
|
1 Bath
|
79 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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