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Cheap Apartments for Rent

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East 39th Street
Murray Hill, Midtown Manhattan, Manhattan
$3,000
By Abdulla Attareb, Last 30 min
Murray Hill Expert
Studio
|
1 Bath
Check Availability
St johns Place
Crown Heights, Central Brooklyn, Brooklyn
$2,895
No Fee
By Alexander Dimitrov, Last 30 min
1 Bed / Flex 2
|
1 Bath
Check Availability
East 91st Street between 1st A...
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,700
By Paul Iacono, Last 30 min
1 Bed
|
1 Bath
Check Availability
36th Avenue and Steinway
Long Island City, Northwestern Queens, Queens
$2,750
By Barry Greenberg, Last hour
2 Bed
|
1 Bath
|
800 Sqft
Check Availability
36th Ave and Steinway
Long Island City, Northwestern Queens, Queens
$2,799
By Barry Greenberg, Last hour
2 Bed
|
1 Bath
|
802 Sqft
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1654 Third Avenue, Apt 13
Upper East Side, Upper Manhattan, Manhattan
$2,400
Exclusive
By Massimo A. Astrologo, 1 hour ago
Studio
|
1 Bath
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East 53rd Street and 2nd Avenu...
Midtown East, Midtown Manhattan, Manhattan
$2,695
By Paul Iacono, Last 30 min
1 Bed
|
1 Bath
Check Availability
164 East 90 Street, Apt 3RW
Upper East Side, Upper Manhattan, Manhattan
$2,850
Exclusive
By Massimo A. Astrologo, 1 hour ago
1 Bed
|
1 Bath
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East 39th Street
Murray Hill, Midtown Manhattan, Manhattan
$2,995
By Bradley Henry, Last hour
Murray Hill Expert
Studio
|
1 Bath
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106 Washington Avenue, Apt 4B
Clinton Hill, Northwestern Brooklyn, Brooklyn
$2,500
Exclusive
No Fee
By Owner
By Harry, Last hour
1 Bed
|
1 Bath
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636 Knickerbocker Avenue
Bushwick, Northern Brooklyn, Brooklyn
$1,625
Exclusive
No Fee
By Owner
By June, 1 hour ago
Private Room
|
3 Bath
|
99 Sqft
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1357 Flatbush Avenue, Apt 2F
Flatbush, Central Brooklyn, Brooklyn
$2,150
Exclusive
No Fee
By Isiah Zephir, 1 hour ago
Studio
|
1 Bath
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2272 7th Avenue
Central Harlem, Harlem, Upper Manhattan, Manhattan
$1,450
Exclusive
No Fee
By Owner
By June, 1 hour ago
Private Room
|
1 Bath
|
85 Sqft
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323 East 78th Street, Apt 1B
Upper East Side, Upper Manhattan, Manhattan
$3,000
By Ted Fernandez, Last hour
1 Bed
|
1 Bath
Check Availability
117 -12 Ocean Promenade, Rocka...
Richmond Hill, Southwestern Queens, Queens
$2,000
Exclusive
By Catherine Amato, Last hour
1 Bed
|
1 Bath
|
845 Sqft
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461 Winthrop Street, Apt 6A
Wingate, East Flatbush, Central Brooklyn, Brooklyn
$2,400
Exclusive
By Katrina Massey, Last hour
2 Bed
|
1 Bath
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21 West 87th Street, Apt A
Upper West Side, Upper Manhattan, Manhattan
$2,550
By Ted Fernandez, Last hour
Studio
|
1 Bath
Check Availability
Flatbush Ave Btw Foster Ave & ...
Flatbush, Central Brooklyn, Brooklyn
$2,450
No Fee
By Isiah Zephir, 1 hour ago
1 Bed
|
1 Bath
Check Availability
31-48 29th Street, Apt 1ST FLO...
Astoria, Northwestern Queens, Queens
$2,300
Exclusive
By Dharamdeo Bisram, 13 hours ago
1 Bed
|
1 Bath
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4812 3 Avenue, Apt 1
Sunset Park, South Brooklyn, Brooklyn
$1,675
Exclusive
By Burton Weaver, 8 hours ago
Studio
|
1 Bath
Check Availability
East 36th Street
Murray Hill, Midtown Manhattan, Manhattan
$3,300
By Katrina Massey, 9 hours ago
Studio
|
1 Bath
Check Availability
East 36th street Third & Secon...
Murray Hill, Midtown Manhattan, Manhattan
$3,195
By Darnell Cruickshank, 1 day ago
Studio
|
1 Bath
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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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