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1 Bedroom, East Harlem Rental in NYC for $1,900 - Photo 1 1 Bedroom, East Harlem Rental in NYC for $1,900 - Photo 2
Posted 38 mins ago
155 East 108 Street, Apt 3
East Harlem, Upper Manhattan, Manhattan
$1,900 1 Bed 1 Bath
By Alexanne Pemberton
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3 Bedrooms, Maspeth Rental in NYC for $2,600 - Photo 1 3 Bedrooms, Maspeth Rental in NYC for $2,600 - Photo 2
Posted 1 hour ago
54-38 Arnold Ave, Apt 2R
Maspeth, Northwestern Queens, Queens
$2,600 3 Bed 1.5 Bath
By Karolina Nevia
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No Fee
 
Exclusive
  900 ft²
3 Bedrooms, Bushwick Rental in NYC for $2,750 - Photo 1 3 Bedrooms, Bushwick Rental in NYC for $2,750 - Photo 2
Posted 3 hours ago
1381 Madison St, Apt 2R
Bushwick, Northern Brooklyn, Brooklyn
$2,750 3 Bed 1 Bath
Christopher Grande, Bushwick Expert
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No Fee
 
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  Hardwood Floors
Studio, Hunters Point Rental in NYC for $2,775 - Photo 1 Studio, Hunters Point Rental in NYC for $2,775 - Photo 2
Posted 2 hours ago
Center Boulevard
Hunters Point, Long Island City, Northwestern Queens, Manhattan
$2,775 Studio 1 Bath
Yigal Krim, Long Island City Expert
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No Fee
  Doorman · Elevator · Laundry in Unit · Hardwood Floors
2 Bedrooms, Bedford-Stuyvesant Rental in NYC for $2,900 - Photo 1 2 Bedrooms, Bedford-Stuyvesant Rental in NYC for $2,900 - Photo 2
Posted 48 mins ago
425 Monroe Street, Apt 3
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,900 2 Bed 2 Bath
By Nabil West
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No Fee
 
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  866 ft² · Hardwood Floors
1 Bedroom, Bedford-Stuyvesant Rental in NYC for $1,950 - Photo 1 1 Bedroom, Bedford-Stuyvesant Rental in NYC for $1,950 - Photo 2
Posted 3 hours ago
1157 Fulton Street, Apt 3F
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$1,950 1 Bed 1 Bath
By Andrew Paul Smith
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No Fee
  450 ft²
Studio, Bushwick Rental in NYC for $2,399 - Photo 1 Studio, Bushwick Rental in NYC for $2,399 - Photo 2
Posted 1 hour ago
123 Melrose St, Apt 538
Bushwick, Northern Brooklyn, Brooklyn
$2,399 Studio 1 Bath
By Kristina Sotskova
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No Fee
 
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  Doorman · Elevator · Laundry in Unit
Studio, Sunset Park Rental in NYC for $1,352 - Photo 1 Studio, Sunset Park Rental in NYC for $1,352 - Photo 2
Posted 29 mins ago
515 49th St, Apt 3
Sunset Park, South Brooklyn, Brooklyn
Open House - Sat, Aug 24, 11:00am - 12:00pm
$1,352 Studio 1 Bath
Winny Lam, Sunset Park Expert
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Studio, Kips Bay Rental in NYC for $2,790 - Photo 1 Studio, Kips Bay Rental in NYC for $2,790 - Photo 2
Posted 3 hours ago
E 34th St
Kips Bay, Midtown Manhattan, Manhattan
$2,790 Studio 1 Bath
By Etty Friesel
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No Fee
  Doorman · Elevator · Hardwood Floors
3 Bedrooms, East Flatbush Rental in NYC for $2,700 - Photo 1 3 Bedrooms, East Flatbush Rental in NYC for $2,700 - Photo 2
Posted 5 hours ago
149 East 92nd St, Apt 1
East Flatbush, Central Brooklyn, Brooklyn
$2,700 3 Bed 1 Bath
By Michael Charles
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  1,200 ft² · Laundry in Unit
Studio, Greenpoint Rental in NYC for $2,605 - Photo 1 Studio, Greenpoint Rental in NYC for $2,605 - Photo 2
Posted 6 hours ago
21 India Street, Apt S405
Greenpoint, Northern Brooklyn, Brooklyn
$2,605 Studio 1 Bath
By David Gelfenbeyn
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No Fee
  Doorman · Elevator · Laundry in Unit
1 Bedroom, Manhattanville Rental in NYC for $2,550 - Photo 1 1 Bedroom, Manhattanville Rental in NYC for $2,550 - Photo 2
Posted 6 mins ago
W. 135th St. & Broadway
Manhattanville, West Harlem, Upper Manhattan, Manhattan
$2,550 1 Bed 1 Bath
By Ciarah Mosley
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No Fee
  620 ft² · Doorman · Elevator
3 Bedrooms, Steinway Rental in NYC for $3,000 - Photo 1 3 Bedrooms, Steinway Rental in NYC for $3,000 - Photo 2
Posted 2 hours ago
20-05 38th Street, Apt 3
Steinway, Astoria, Northwestern Queens, Queens
$3,000 3 Bed 2 Bath
By Spiro Anagnos
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  1,000 ft²
Studio, Koreatown Rental in NYC for $2,800 - Photo 1 Studio, Koreatown Rental in NYC for $2,800 - Photo 2
Posted 6 hours ago
50 West 34th Street, Apt 19B01...
Koreatown, Midtown Manhattan, Manhattan
$2,800 Studio 1 Bath
By Becky Cooke
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No Fee
  Doorman · Elevator
1 Bedroom, Upper East Side Rental in NYC for $2,300 - Photo 1 1 Bedroom, Upper East Side Rental in NYC for $2,300 - Photo 2
Posted 6 mins ago
East 77th Street
Upper East Side, Upper Manhattan, Manhattan
$2,300 1 Bed 1 Bath
By Fatou Soumahoro
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Pre-War
1 Bedroom, Kew Gardens Rental in NYC for $1,750 - Photo 1 1 Bedroom, Kew Gardens Rental in NYC for $1,750 - Photo 2
Posted 6 hours ago
83-96 118th Street, Apt 6
Kew Gardens, Northeastern Queens, Queens
$1,750 1 Bed 1 Bath
By Leo
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No Fee
 
By Owner
  1,000 ft² · Elevator
Studio, East Village Rental in NYC for $2,199 - Photo 1 Studio, East Village Rental in NYC for $2,199 - Photo 2
Posted 15 mins ago
Saint Marks Place
East Village, Downtown Manhattan, Manhattan
$2,199 Studio 1 Bath
By Jenifer Tavarez
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3 Bedrooms, Astoria Rental in NYC for $3,000 - Photo 1 3 Bedrooms, Astoria Rental in NYC for $3,000 - Photo 2
Posted 6 hours ago
35-11 29th Street, Astoria, N...
Astoria, Northwestern Queens, Queens
$3,000 3 Bed 1 Bath
By Nikolay Antchev
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Studio, Rego Park Rental in NYC for $2,070 - Photo 1 Studio, Rego Park Rental in NYC for $2,070 - Photo 2
Posted 4 hours ago
Queens Blvd
Rego Park, Northwestern Queens, Queens
$2,070 Studio 1 Bath
By David Kusayev
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No Fee
  Doorman · Elevator · Hardwood Floors
1 Bedroom, City Line Rental in NYC for $2,100 - Photo 1 1 Bedroom, City Line Rental in NYC for $2,100 - Photo 2
Posted 1 hour ago
975 Liberty Ave, Apt 5H
City Line, East New York, Eastern Brooklyn, Brooklyn
$2,100 1 Bed 1 Bath
By David Quigua
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No Fee
  667 ft² · Elevator
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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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