Cheap Apartments for Rent

Updated - April 24, 2017
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Upcoming Open Houses
Mon, Apr 24 10:00am - 4:00pm
$2,825
Studio, 1BA at 795 Columbus Avenue
Mon, Apr 24 11:00am - 6:00pm
$2,495
Studio, 1BA at 146 Orchard St.
Mon, Apr 24 11:00am - 6:00pm
$1,950
Studio, 1BA at 179 Orchard St.
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Studio, Murray Hill Rental in NYC for $2,575 - Photo 1
Studio, Murray Hill Rental in NYC for $2,575 - Photo 2
Posted 9 mins ago
Murray Hill, Midtown Manhattan, Manhattan
$2,575
Per Month
By Natalia Stoyanova
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No Fee · Doorman · Elevator · Dishwasher
3 Bedrooms, Bushwick Rental in NYC for $2,499 - Photo 1
3 Bedrooms, Bushwick Rental in NYC for $2,499 - Photo 2
Posted 9 mins ago
Bushwick, Northern Brooklyn, Brooklyn
$2,499
Per Month
Bushwick Expert
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By Owner · Exclusive · No Fee ·
Studio, Financial District Rental in NYC for $2,250 - Photo 1
Studio, Financial District Rental in NYC for $2,250 - Photo 2
Posted 8 mins ago
Financial District, Downtown Manhattan, Manhattan
$2,250
Per Month
By Majlinda Arber
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No Fee · Doorman · Elevator · Laundry in Unit · Dishwasher · Pre-War
1 Bedroom, Manhattan Valley Rental in NYC for $2,450 - Photo 1
1 Bedroom, Manhattan Valley Rental in NYC for $2,450 - Photo 2
Posted 9 mins ago
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
$2,450
Per Month
By Russell Dinstein
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Doorman · Elevator · Pre-War
1 Bedroom, Astoria Rental in NYC for $1,750 - Photo 1
1 Bedroom, Astoria Rental in NYC for $1,750 - Photo 2
Posted 7 mins ago
Astoria, Northwestern Queens, Queens
$1,750
Per Month
By Andrew Lenis
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Elevator
Studio, Koreatown Rental in NYC for $2,515 - Photo 1
Studio, Koreatown Rental in NYC for $2,515 - Photo 2
Posted 9 mins ago
Koreatown, Midtown Manhattan, Manhattan
$2,515
Per Month
By Tina Borges-Druth
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Exclusive · No Fee · Doorman · Elevator · Dishwasher · Pre-War
Studio, Hell's Kitchen Rental in NYC for $2,125 - Photo 1
Studio, Hell's Kitchen Rental in NYC for $2,125 - Photo 2
Posted 9 mins ago
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,125
Per Month
By Jason Zwillman
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Studio, Yorkville Rental in NYC for $2,800 - Photo 1
Studio, Yorkville Rental in NYC for $2,800 - Photo 2
Posted 9 mins ago
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,800
Per Month
By Daniel Wirth
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Doorman
2 Bedrooms, Upper East Side Rental in NYC for $2,975 - Photo 1
2 Bedrooms, Upper East Side Rental in NYC for $2,975 - Photo 2
Posted 8 mins ago
Upper East Side, Upper Manhattan, Manhattan
$2,975
Per Month
By Howard Hauptman
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No Fee · Elevator · Hardwood Floors
1 Bedroom, Rego Park Rental in NYC for $1,750 - Photo 1
1 Bedroom, Rego Park Rental in NYC for $1,750 - Photo 2
Posted 9 mins ago
Rego Park, Northwestern Queens, Queens
$1,750
Per Month
By Kings & Queens Apartments - Queens
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By Owner · No Fee · 812 ft²
1 Bedroom, Lower East Side Rental in NYC for $2,150 - Photo 1
1 Bedroom, Lower East Side Rental in NYC for $2,150 - Photo 2
Posted 9 mins ago
Lower East Side, Downtown Manhattan, Manhattan
$2,150
Per Month
Lower East Side Expert
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Hardwood Floors
1 Bedroom, Yorkville Rental in NYC for $2,450 - Photo 1
1 Bedroom, Yorkville Rental in NYC for $2,450 - Photo 2
Posted 8 mins ago
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,450
Per Month
By Alex Prose
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1 Bedroom, Flatbush Rental in NYC for $2,030 - Photo 1
1 Bedroom, Flatbush Rental in NYC for $2,030 - Photo 2
Posted 9 mins ago
Flatbush, Central Brooklyn, Brooklyn
$2,030
Per Month
By NYC Leasing
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By Owner · Exclusive · No Fee · Dishwasher
1 Bedroom, Upper West Side Rental in NYC for $2,450 - Photo 1
1 Bedroom, Upper West Side Rental in NYC for $2,450 - Photo 2
Posted 9 mins ago
Upper West Side, Upper Manhattan, Manhattan
$2,450
Per Month
By Alex Prose
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1 Bedroom, Upper West Side Rental in NYC for $2,750 - Photo 1
1 Bedroom, Upper West Side Rental in NYC for $2,750 - Photo 2
Posted 8 mins ago
Upper West Side, Upper Manhattan, Manhattan
$2,750
Per Month
By Greg Linkous
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Dishwasher · Fireplace
1 Bedroom, Upper East Side Rental in NYC for $2,275 - Photo 1
1 Bedroom, Upper East Side Rental in NYC for $2,275 - Photo 2
Posted 8 mins ago
Upper East Side, Upper Manhattan, Manhattan
$2,275
Per Month
By Chase Smith
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Dishwasher
Studio, Flatbush Rental in NYC for $1,892 - Photo 1
Studio, Flatbush Rental in NYC for $1,892 - Photo 2
Posted 19 mins ago
Flatbush, Central Brooklyn, Brooklyn
$1,892
Per Month
By NYC Leasing
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By Owner · Exclusive · No Fee · Elevator · Dishwasher
2 Bedrooms, Rose Hill Rental in NYC for $2,995 - Photo 1
2 Bedrooms, Rose Hill Rental in NYC for $2,995 - Photo 2
Posted 8 mins ago
Rose Hill, Kips Bay, Midtown Manhattan, Manhattan
$2,995
Per Month
By Andrew MacLaren
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Laundry in Unit · Dishwasher · Hardwood Floors
Room, East Williamsburg Rental in NYC for $1,283 - Photo 1
Room, East Williamsburg Rental in NYC for $1,283 - Photo 2
Posted 9 mins ago
East Williamsburg, Williamsburg, Northern Brooklyn, Brooklyn
$1,283
Per Month
By Andres
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Exclusive · No Fee · Elevator
2 Bedrooms, Manhattan Valley Rental in NYC for $2,750 - Photo 1
2 Bedrooms, Manhattan Valley Rental in NYC for $2,750 - Photo 2
Posted 9 mins ago
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
$2,750
Per Month
By John Giannone
Check Availability
No Fee · Laundry in Unit
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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). 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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