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Cheap Apartments for Rent

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1 Bedroom, Bedford-Stuyvesant Rental in NYC for $2,200 - Photo 1 1 Bedroom, Bedford-Stuyvesant Rental in NYC for $2,200 - Photo 2
Last 30 min
181 Halsey Street
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,200 1 Bed 1 Bath
Duran Doughlin, Bedford-Stuyvesant Expert
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Exclusive
  Pre-War
Studio, Upper East Side Rental in NYC for $1,900 - Photo 1 Studio, Upper East Side Rental in NYC for $1,900 - Photo 2
Last 30 min
311 east 60th
Upper East Side, Upper Manhattan, Manhattan
$1,900 Studio 1 Bath
Jonathan Schnapp, Upper East Side Expert
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1 Bedroom, Rose Hill Rental in NYC for $2,300 - Photo 1 1 Bedroom, Rose Hill Rental in NYC for $2,300 - Photo 2
Last 30 min
240 East 24th Street, Apt 2FW
Rose Hill, Kips Bay, Midtown Manhattan, Manhattan
$2,300 1 Bed 1 Bath
By Jonathan Schnapp
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No Fee
 
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Studio, Theater District Rental in NYC for $2,732 - Photo 1 Studio, Theater District Rental in NYC for $2,732 - Photo 2
Last hour
West 50's
Theater District, Midtown Manhattan, Manhattan
$2,732 Studio 1 Bath
By Samia Akodu
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No Fee
  Doorman · Elevator · Hardwood Floors
Studio, Central Harlem Rental in NYC for $2,130 - Photo 1 Studio, Central Harlem Rental in NYC for $2,130 - Photo 2
Last 30 min
35 Morningside Ave, Apt 3
Central Harlem, Upper Manhattan, Manhattan
$2,130 Studio 1 Bath
By Mickele Gorman
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Studio, Financial District Rental in NYC for $2,889 - Photo 1 Studio, Financial District Rental in NYC for $2,889 - Photo 2
Last 30 min
John Street
Financial District, Downtown Manhattan, Manhattan
$2,889 Studio / Flex 1 1 Bath
Brenton Shelby, Financial District Expert
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No Fee
  Doorman · Elevator
Studio, Flatiron District Rental in NYC for $2,800 - Photo 1 Studio, Flatiron District Rental in NYC for $2,800 - Photo 2
Last hour
west 14th Street
Flatiron District, Midtown Manhattan, Manhattan
$2,800 Studio 1 Bath
By Samia Akodu
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Elevator
2 Bedrooms, Hamilton Heights Rental in NYC for $2,350 - Photo 1 2 Bedrooms, Hamilton Heights Rental in NYC for $2,350 - Photo 2
Last 30 min
611 W 135th St., Apt 24
Hamilton Heights, West Harlem, Upper Manhattan, Manhattan
$2,350 2 Bed 1 Bath
By Mickele Gorman
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No Fee
 
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1 Bedroom, Crown Heights Rental in NYC for $1,700 - Photo 1 1 Bedroom, Crown Heights Rental in NYC for $1,700 - Photo 2
Last hour
947 Montgomery St, Apt #A8
Crown Heights, Central Brooklyn, Brooklyn
$1,700 1 Bed 1 Bath
By Tony G
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No Fee
 
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  775 ft²
1 Bedroom, Astoria Rental in NYC for $2,850 - Photo 1 1 Bedroom, Astoria Rental in NYC for $2,850 - Photo 2
1 hour ago
21st St.
Astoria, Northwestern Queens, Queens
$2,850 1 Bed 1 Bath
Devin Graham, Astoria Expert
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No Fee
  Doorman · Elevator · Laundry in Unit · Hardwood Floors
2 Bedrooms, Bedford-Stuyvesant Rental in NYC for $2,450 - Photo 1 2 Bedrooms, Bedford-Stuyvesant Rental in NYC for $2,450 - Photo 2
Last hour
1557 Fulton St, Apt 2F
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,450 2 Bed 1 Bath
By Christopher Grande
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No Fee
 
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  Elevator · Hardwood Floors
1 Bedroom, Bedford-Stuyvesant Rental in NYC for $2,475 - Photo 1 1 Bedroom, Bedford-Stuyvesant Rental in NYC for $2,475 - Photo 2
Last hour
1557 Fulton St, Apt 25
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,475 1 Bed / Flex 2 1 Bath
By Christopher Grande
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No Fee
 
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  Elevator · Hardwood Floors
3 Bedrooms, Bushwick Rental in NYC for $2,800 - Photo 1 3 Bedrooms, Bushwick Rental in NYC for $2,800 - Photo 2
Last 30 min
1048 Decatur Street, Apt 3L
Bushwick, Northern Brooklyn, Brooklyn
$2,800 3 Bed 2 Bath
By Harry
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No Fee
 
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1 Bedroom, Bushwick Rental in NYC for $1,800 - Photo 1 1 Bedroom, Bushwick Rental in NYC for $1,800 - Photo 2
Last 30 min
218 Schaefer St, Apt 1F
Bushwick, Northern Brooklyn, Brooklyn
$1,800 1 Bed 1 Bath
By Harry
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No Fee
 
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Studio, Hell's Kitchen Rental in NYC for $2,950 - Photo 1 Studio, Hell's Kitchen Rental in NYC for $2,950 - Photo 2
3 hours ago
West 53rd Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,950 Studio 1 Bath
Chedvi Gerlitz, Hell's Kitchen Expert
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No Fee
  Doorman · Elevator · Hardwood Floors
Studio, Hell's Kitchen Rental in NYC for $2,758 - Photo 1 Studio, Hell's Kitchen Rental in NYC for $2,758 - Photo 2
3 hours ago
West 42nd Street,
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,758 Studio 1 Bath
Tal shel, Hell's Kitchen Expert
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Doorman · Elevator
Studio, Rego Park Rental in NYC for $1,675 - Photo 1 Studio, Rego Park Rental in NYC for $1,675 - Photo 2
1 hour ago
88-04 63rd Drive
Rego Park, Northwestern Queens, Queens
$1,675 Studio 1 Bath
realty depot, Rego Park Expert
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No Fee
 
Live Video Tour
  Elevator
1 Bedroom, Forest Hills Rental in NYC for $2,100 - Photo 1 1 Bedroom, Forest Hills Rental in NYC for $2,100 - Photo 2
1 hour ago
72-61 113th Street
Forest Hills, Northwestern Queens, Queens
$2,100 1 Bed 1 Bath
realty depot, Forest Hills Expert
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Doorman · Elevator
Studio, Financial District Rental in NYC for $2,908 - Photo 1 Studio, Financial District Rental in NYC for $2,908 - Photo 2
Last 30 min
West Street
Financial District, Downtown Manhattan, Manhattan
$2,908 Studio 1 Bath
Brenton Shelby, Financial District Expert
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No Fee
  Doorman · Elevator
1 Bedroom, Astoria Rental in NYC for $2,400 - Photo 1 1 Bedroom, Astoria Rental in NYC for $2,400 - Photo 2
Last 30 min
31-46 37st
Astoria, Northwestern Queens, Queens
$2,400 1 Bed 1 Bath
Dillon D DePinto, Astoria Expert
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700 ft²
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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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