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Cheap Apartments for Rent

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Mon, Jun 17 2:30pm - 10:00pm
$2,650
2BR at 383 Prospect 2R
Mon, Jun 17 2:30pm - 10:00pm
$2,800
3BR at 808 Macdonough st 1R
Mon, Jun 17 2:30pm - 10:00pm
$2,400
1BR at 122 west 81st street
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12 mins  |  Score: 100
709 Hart St, Apt 2F
Bushwick, Northern Brooklyn, Brooklyn
$2,750 1 Bed 1 Bath
Shakeria Francis, Bushwick Expert
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Doorman · Elevator
11 mins  |  Score: 100
320 East 50th St, Apt 2C
Turtle Bay, Midtown East, Midtown Manhattan, Manhattan
$2,725 1 Bed 1 Bath
By Jay Siller
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Elevator
2 mins  |  Score: 100
428 East 89th Street, Apt 2B
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,695 1 Bed 1 Bath
By Daenna Hector
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15 mins  |  Score: 100
Third Avenue
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,100 Studio 1 Bath
Jason Polanco, Upper East Side Expert
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No Fee
  Doorman · Elevator · Hardwood Floors
9 mins  |  Score: 100
189 Minna St, Apt 2F
Borough Park, Southwestern Brooklyn, Brooklyn
$1,800 2 Bed 1 Bath
By Michael Rider
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No Fee
 
Exclusive
 
46 mins  |  Score: 100
131 E 17th St, Apt 12
Flatiron District, Midtown Manhattan, Manhattan
$2,472 1 Bed 1 Bath
By Kate Ishii
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Exclusive
 
58 mins  |  Score: 100
524 West 50th St. 3a Front New...
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,000 Studio 1 Bath
bob brooks, Hell's Kitchen Expert
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Exclusive
  550 ft² · Furnished
5 mins  |  Score: 100
Financial District- washer and...
Financial District, Downtown Manhattan, Manhattan
$2,713 Studio 1 Bath
Nick Tejerina, Financial District Expert
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No Fee
  Doorman · Elevator · Laundry in Unit
26 mins  |  Score: 100
530 East 89th Street, Apt 6F
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,050 Studio 1 Bath
By Soren Murray
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Exclusive
  Elevator
41 mins  |  Score: 100
East 18th Street
Homecrest, Sheepshead Bay, Southern Brooklyn, Brooklyn
$2,350 2 Bed 1 Bath
By Jose Garcia
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Elevator
1 hour  |  Score: 100
267 W 140th St, Apt 4C
Central Harlem, Upper Manhattan, Manhattan
$2,500 2 Bed 1 Bath
By Karolina Nevia
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No Fee
 
Exclusive
  700 ft²
44 mins  |  Score: 100
West 45th Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,995 Studio 1 Bath
Emily Pham, Hell's Kitchen Expert
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No Fee
  Doorman · Elevator · Laundry in Unit · Pre-War · Hardwood Floors
5 mins  |  Score: 100
135 14th Street
Gowanus, South Brooklyn, Brooklyn
$2,900 2 Bed 1 Bath
By Burdie
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Exclusive
 
1 hour  |  Score: 100
731 40th Street, Apt 1F
Sunset Park, South Brooklyn, Brooklyn
$2,000 2 Bed 1 Bath
By Andrei Nikolaev
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15 mins  |  Score: 100
411 E 118th Street #29, Apt 29...
East Harlem, Upper Manhattan, Manhattan
$2,100 1 Bed 1 Bath
By Jeffrey Lucero
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575 ft² · Laundry in Unit
1 hour  |  Score: 100
402 East 83 Street, Apt B
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,200 Loft 1 Bath
By George Solano
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Exclusive
 
1 hour  |  Score: 100
801 Avenue C, Apt 3F
Kensington, Central Brooklyn, Brooklyn
$1,800 1 Bed 1 Bath
By Ethan Karavani
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Elevator
36 mins  |  Score: 100
Broad St
Financial District, Downtown Manhattan, Manhattan
$2,995 Studio / Flex 1 1 Bath
Dimitrios Alevizos, Financial District Expert
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No Fee
  Doorman · Elevator · Laundry in Unit
1 min  |  Score: 100
545 92nd Street, Apt 2
Bay Ridge, Southwestern Brooklyn, Brooklyn
$1,750 2 Bed 1 Bath
Monjurul Haque, Bay Ridge Expert
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Exclusive
  750 ft² · Hardwood Floors
< 1 minute  |  Score: 100
235 Hawthorne Street
Prospect Lefferts Gardens, Flatbush, Central Brooklyn, Brooklyn
$2,150 1 Bed 1 Bath
By Chayim Schaider
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No Fee
 
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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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