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Cheap Apartments for Rent

Upcoming Open Houses
Mon, Oct 15 3:00pm - 10:00pm
$2,600
2BR at 633 Marcy Ave
Wed, Oct 17 10:00am - 6:00pm
$2,429
Studio at 41-17 Crescent St
Wed, Oct 17 3:00pm - 5:00pm
$3,000
Studio at 60 Riverside Boulevard
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21 mins  |  100
42 west 75th street
Upper West Side, Upper Manhattan, Manhattan
$2,650 1 Bed 1 Bath
Hillary Pitt, Upper West Side Expert
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18 mins  |  100
W 37th St
Garment District, Midtown Manhattan, Manhattan
$2,590 Studio 1 Bath
By Jason Polanco
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No Fee
  Doorman · Elevator · Laundry in Unit · Hardwood Floors
2 hours  |  100
13 Essex St, Apt 14A
Chinatown, Downtown Manhattan, Manhattan
$2,895 2 Bed 1 Bath
By Randall Smith
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Exclusive
  Elevator
59 mins  |  100
East 20's
Kips Bay, Midtown Manhattan, Manhattan
$2,995 1 Bed 1 Bath
Dimitar Nikolov, Kips Bay Expert
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No Fee
  Doorman · Elevator · Laundry in Unit · Furnished
58 mins  |  100
West 80th Street
Upper West Side, Upper Manhattan, Manhattan
$2,300 Studio 1 Bath
By Phillip Martin
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Elevator · Pre-War · Hardwood Floors
1 hour  |  100
East 20's
Gramercy Park, Midtown Manhattan, Manhattan
$2,995 1 Bed 1 Bath
Yordan Bobchev, Gramercy Park Expert
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No Fee
  Doorman · Elevator
3 hours  |  100
33-53 82nd St, Apt 1
Jackson Heights, Northwestern Queens, Queens
$2,499 2 Bed 1 Bath
By Diana Babayeva
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No Fee
 
Exclusive
  807 ft² · Hardwood Floors
3 mins  |  100
Third Avenue
Rose Hill, Kips Bay, Midtown Manhattan, Manhattan
$2,600 1 Bed 1 Bath
By Devon Carter
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Hardwood Floors
27 mins  |  100
325 Jefferson Ave, Apt BR
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$1,800 Studio 1 Bath
By Izzy Simpson
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No Fee
 
Exclusive
  Laundry in Unit
1 hour  |  100
E 34th St
Kips Bay, Midtown Manhattan, Manhattan
$2,994 2 Bed 1 Bath
By Jordan Charles
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No Fee
  Doorman · Elevator · Hardwood Floors
1 hour  |  100
225 West 105th Street
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
$2,250 Studio 1 Bath
By José A. Medina
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No Fee
 
1 hour  |  100
First Avenue
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,000 Studio 1 Bath
By Magaly Riera
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Elevator · Hardwood Floors
1 hour  |  100
113 Eckford St
Greenpoint, Northern Brooklyn, Brooklyn
$2,250 1 Bed 1 Bath
By Diana Hermanowski
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Exclusive
 
3 hours  |  100
33 Bond St
Downtown Brooklyn, Northwestern Brooklyn, Brooklyn
$2,300 Studio 1 Bath
By Kirsten Biddix
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No Fee
  Doorman · Elevator
3 mins  |  100
1068 Fulton Street
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,533 1 Bed 1 Bath
Dillon Wilson, Bedford-Stuyvesant Expert
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No Fee
 
Exclusive
  Elevator
18 mins  |  100
West 42nd Street
Theater District, Midtown Manhattan, Manhattan
$2,995 1 Bed 1 Bath
By Jason Polanco
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No Fee
  Doorman · Elevator · Laundry in Unit · Hardwood Floors
2 hours  |  100
332 W 47th St, Apt 1C
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,800 1 Bed 1 Bath
By Randall Smith
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No Fee
 
Exclusive
 
59 mins  |  100
East 20's
Gramercy Park, Midtown Manhattan, Manhattan
$2,395 Studio 1 Bath
By Dimitar Nikolov
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No Fee
  500 ft² · Doorman · Elevator
59 mins  |  100
East 20's
Kips Bay, Midtown Manhattan, Manhattan
$2,995 2 Bed 1 Bath
By Dimitar Nikolov
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No Fee
  Doorman · Elevator
21 mins  |  100
115 West 77th Street, Apt 5F
Upper West Side, Upper Manhattan, Manhattan
$2,575 1 Bed 1 Bath
By Hillary Pitt
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Exclusive
 
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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…

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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