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Cheap Apartments for Rent in New York, NY

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3,093 Results
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E 88th street and Third Avenu...
Yorkville, Upper East Side, Upper Manhattan, Manhattan
10128
$2,900
By John R Brandon Hooker, Last hour
bedrooms
1 Bed
|
bathrooms
1 Bath
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339 East 77 Street, Apt 1A
Upper East Side, Upper Manhattan, Manhattan
10075
$2,300
Exclusive
By Massimo A. Astrologo, 1 hour ago
bedrooms
Studio
|
bathrooms
1 Bath
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116 John Street, Apt 1709
Financial District, Downtown Manhattan, Manhattan
10038
$2,750
By Jedidiah Lopez, Last hour
Financial District Expert
bedrooms
Studio / Flex 1
|
bathrooms
1 Bath
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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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Third Avenue and Second Avenue...
Turtle Bay, Midtown East, Midtown Manhattan, Manhattan
10022
$2,650
By John R Brandon Hooker, Last 30 min
bedrooms
Studio
|
bathrooms
1 Bath
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233 East 50th Street, Apt 5
Turtle Bay, Midtown East, Midtown Manhattan, Manhattan
10022
$2,995
By Manhattan Dwelling Corp, 1 hour ago
Turtle Bay Expert
bedrooms
1 Bed
|
bathrooms
1 Bath
|
square feet
500 Sqft
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315 East 108th Street, Apt 56
East Harlem, Harlem, Upper Manhattan, Manhattan
10029
$1,900
By Rory O'Sullivan, 4 hours ago
bedrooms
1 Bed
|
bathrooms
1 Bath
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398 East 52nd Street, Apt 2B
Turtle Bay, Midtown East, Midtown Manhattan, Manhattan
10022
$2,600
Exclusive
By Manhattan Dwelling Corp, 1 hour ago
Turtle Bay Expert
bedrooms
Studio
|
bathrooms
1 Bath
|
square feet
400 Sqft
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106 Ft Washington Avenue
Washington Heights, Upper Manhattan, Manhattan
10032
$2,675
By Oscarli Diaz, Last hour
Washington Heights Expert
bedrooms
1 Bed
|
bathrooms
1 Bath
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West Street, New York, NY.
Financial District, Downtown Manhattan, Manhattan
10006
$2,950
By APG, Last hour
Financial District Expert
bedrooms
Studio
|
bathrooms
1 Bath
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56 Pine Street, Apt 10E
Financial District, Downtown Manhattan, Manhattan
10005
$2,800
By Joe Wolf, 14 hours ago
bedrooms
Studio
|
bathrooms
1 Bath
|
square feet
430 Sqft
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541 Kingston Avenue, Apt 3
Wingate, East Flatbush, Central Brooklyn, Brooklyn
11203
$2,950
No Fee
By Daniel Nadew, 14 hours ago
bedrooms
3 Bed
|
bathrooms
1 Bath
Check Availability
1772 Bergen Street, Apt 2
Weeksville, Crown Heights, Central Brooklyn, Brooklyn
11233
$2,800
No Fee
By Daniel Nadew, 16 hours ago
bedrooms
2 Bed
|
bathrooms
1 Bath
Check Availability
213 Union Ave, Apt 2B
East Williamsburg, Williamsburg, Northern Brooklyn, Brooklyn
11211
$2,899
Exclusive
No Fee
By The Belle Piper Team, 4 hours ago
bedrooms
1 Bed
|
bathrooms
1 Bath
Check Availability
82-16 34th Avenue, Apt 2E
Jackson Heights, Northwestern Queens, Queens
11372
$2,000
Exclusive
By Vernalie Velilla Panchame, 5 hours ago
bedrooms
1 Bed
|
bathrooms
1 Bath
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E 81st 1st & York Ave
Yorkville, Upper East Side, Upper Manhattan, Manhattan
10028
$2,675
By Freddy Perdomo, 1 day ago
bedrooms
1 Bed
|
bathrooms
1 Bath
Check Availability
East 89th Street
Yorkville, Upper East Side, Upper Manhattan, Manhattan
10128
$3,210
By Eileen McCarthy- Wulf, 5 days ago
bedrooms
1 Bed
|
bathrooms
1 Bath
Check Availability
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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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