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Cheap Apartments for Rent in New York, NY

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350 East 76 Street, Apt 5C
Upper East Side, Upper Manhattan, Manhattan
10021
$2,600
Exclusive
By Massimo A. Astrologo, 1 hour ago
bedrooms
1 Bed
|
bathrooms
1 Bath
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102 East 30th Street, Apt 4R
NoMad, Rose Hill, Midtown Manhattan, Manhattan
10016
$2,895
Exclusive
By Jeremy Bilgre, 1 hour ago
bedrooms
Studio
|
bathrooms
1 Bath
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348 East 87 Street, Apt 4B
Yorkville, Upper East Side, Upper Manhattan, Manhattan
10028
$2,350
Exclusive
By Massimo A. Astrologo, 2 hours ago
bedrooms
Studio
|
bathrooms
1 Bath
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220 West 98th Street, Apt 5M
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
10025
$2,600
By Jessie Huaman, 3 hours ago
bedrooms
Studio
|
bathrooms
1 Bath
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1269 First Ave, Apt 2D
Upper East Side, Upper Manhattan, Manhattan
10065
$2,900
Exclusive
By Monica Penaranda, 2 hours ago
bedrooms
1 Bed
|
bathrooms
1 Bath
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14 W 76th St, Apt 3RE
Upper West Side, Upper Manhattan, Manhattan
10023
$3,000
Exclusive
By Saul Castagnello, 2 hours ago
bedrooms
1 Bed
|
bathrooms
1 Bath
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1558 2nd Avenue, Apt 3R
Yorkville, Upper East Side, Upper Manhattan, Manhattan
10075
$2,700
By Edoardo Maggini, 2 hours ago
bedrooms
1 Bed
|
bathrooms
1 Bath
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East 91st Street
Yorkville, Upper East Side, Upper Manhattan, Manhattan
10128
$2,850
No Fee
By Priscilla Pappas, 3 hours ago
bedrooms
1 Bed
|
bathrooms
1 Bath
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166 E 61st St, Apt 1D
Lenox Hill, Upper East Side, Upper Manhattan, Manhattan
10065
$3,000
Exclusive
No Fee
By Elie Khen, 5 hours ago
bedrooms
Studio
|
bathrooms
Shared Bath
|
square feet
600 Sqft
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154 Orchard St, Apt 14
Lower East Side, Downtown Manhattan, Manhattan
10002
$2,450
Exclusive
By Alma Burns, 8 hours ago
bedrooms
Studio
|
bathrooms
1 Bath
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622 East 11th Street, Apt 6
Alphabet City, East Village, Downtown Manhattan, Manhattan
10009
$2,925
By Yin Nguyen, 7 hours ago
bedrooms
1 Bed
|
bathrooms
1 Bath
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314 East 91st Street, Apt 3W
Yorkville, Upper East Side, Upper Manhattan, Manhattan
10128
$3,000
No Fee
By James Brennan, 8 hours ago
bedrooms
1 Bed
|
bathrooms
1 Bath
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335 East 92 Street, Apt 4D
Yorkville, Upper East Side, Upper Manhattan, Manhattan
10128
$2,300
Exclusive
By Massimo A. Astrologo, 2 hours ago
bedrooms
Studio
|
bathrooms
1 Bath
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324 East 83 Street, Apt 1
Yorkville, Upper East Side, Upper Manhattan, Manhattan
10028
$2,350
Exclusive
By Massimo A. Astrologo, 3 hours ago
bedrooms
Studio
|
bathrooms
1 Bath
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403 east 87th
Yorkville, Upper East Side, Upper Manhattan, Manhattan
10128
$2,650
By Bond New York, 1 hour ago
bedrooms
Studio
|
bathrooms
1 Bath
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East 88 Street
Yorkville, Upper East Side, Upper Manhattan, Manhattan
10128
$2,795
By Nicole Petito, 13 hours ago
bedrooms
1 Bed
|
bathrooms
1 Bath
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21
Yorkville, Upper East Side, Upper Manhattan, Manhattan
10075
$2,550
By Hossein Abadi, 2 days ago
bedrooms
1 Bed
|
bathrooms
1 Bath
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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).

Cheap Apartments for Rent in New York, NY

Cheap Apartments for Rent in NYC

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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