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Cheap Apartments for Rent

Upcoming Open Houses
Mon, Nov 20 7:30pm - 8:30pm
$2,195
1BR at 1018 Bedford Avenue
Tue, Nov 21 9:15am - 4:45pm
$2,500
1BR at 811 Classon Ave
Tue, Nov 21 3:00pm - 6:30pm
$2,350
2BR at 433 Lorimer St
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1 Bedroom, Upper West Side Rental in NYC for $2,730 - Photo 1
1 Bedroom, Upper West Side Rental in NYC for $2,730 - Photo 1 1 Bedroom, Upper West Side Rental in NYC for $2,730 - Photo 1
Upper West Side, Upper Manhattan, Manhattan
$2,730 1 Bed 1 Bath
By Sam Hassounia, Upper West Side Expert
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2 Bedrooms, Flatbush Rental in NYC for $1,950 - Photo 1
2 Bedrooms, Flatbush Rental in NYC for $1,950 - Photo 1 2 Bedrooms, Flatbush Rental in NYC for $1,950 - Photo 1
12 mins  |  100
708 Ocean AVE
Flatbush, Central Brooklyn, Brooklyn
$1,950 2 Beds 1 Bath
By Michael Charles
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800 ft²
Studio, Yorkville Rental in NYC for $2,350 - Photo 1
Studio, Yorkville Rental in NYC for $2,350 - Photo 1 Studio, Yorkville Rental in NYC for $2,350 - Photo 1
44 mins  |  100
219 East 81st St
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,350 Studio 1 Bath
By Jay Siller
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Elevator
2 Bedrooms, Gramercy Park Rental in NYC for $2,800 - Photo 1
2 Bedrooms, Gramercy Park Rental in NYC for $2,800 - Photo 1 2 Bedrooms, Gramercy Park Rental in NYC for $2,800 - Photo 1
10 mins  |  100
East 20's
Gramercy Park, Midtown Manhattan, Manhattan
$2,800 2 Beds 1 Bath
By Dimitar Nikolov, Gramercy Park Expert
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No Fee · Doorman · Elevator
2 Bedrooms, Yorkville Rental in NYC for $2,900 - Photo 1
2 Bedrooms, Yorkville Rental in NYC for $2,900 - Photo 1 2 Bedrooms, Yorkville Rental in NYC for $2,900 - Photo 1
1 hour  |  100
332 East 91st Street, Apt 5E
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,900 2 Beds 1 Bath
By Joseph Cvek, Upper East Side Expert
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No Fee · Exclusive · By Owner · 800 ft² · Laundry in Unit
1 Bedroom, Hunters Point Rental in NYC for $2,610 - Photo 1
1 Bedroom, Hunters Point Rental in NYC for $2,610 - Photo 1 1 Bedroom, Hunters Point Rental in NYC for $2,610 - Photo 1
34 mins  |  100
Center Boulevard
Hunters Point, Long Island City, Northwestern Queens, Queens
$2,610 1 Bed 1 Bath
By Ervin Emin
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No Fee · Doorman · Elevator · Laundry in Unit · Hardwood Floors
3 Bedrooms, Greenpoint Rental in NYC for $3,000 - Photo 1
3 Bedrooms, Greenpoint Rental in NYC for $3,000 - Photo 1 3 Bedrooms, Greenpoint Rental in NYC for $3,000 - Photo 1
2 hours  |  100
167 Freeman St, Apt 2
Greenpoint, Northern Brooklyn, Brooklyn
$3,000 3 Beds 1 Bath
By Danny Duffoo
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Exclusive
1 Bedroom, Inwood Rental in NYC for $1,550 - Photo 1
1 Bedroom, Inwood Rental in NYC for $1,550 - Photo 1 1 Bedroom, Inwood Rental in NYC for $1,550 - Photo 1
Inwood, Upper Manhattan, Manhattan
$1,550 1 Bed 1 Bath
By Amauris Martinez, Inwood Expert
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660 ft²
Studio, Hell's Kitchen Rental in NYC for $1,975 - Photo 1
Studio, Hell's Kitchen Rental in NYC for $1,975 - Photo 1 Studio, Hell's Kitchen Rental in NYC for $1,975 - Photo 1
1 hour  |  100
417 West 56th St
Hell's Kitchen, Midtown Manhattan, Manhattan
$1,975 Studio 1 Bath
By Leslie Ann Vooris
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No Fee
2 Bedrooms, Chinatown Rental in NYC for $2,999 - Photo 1
2 Bedrooms, Chinatown Rental in NYC for $2,999 - Photo 1 2 Bedrooms, Chinatown Rental in NYC for $2,999 - Photo 1
12 mins  |  100
124 Mott St, Apt 27B
Chinatown, Downtown Manhattan, Manhattan
$2,999 2 Beds 1 Bath
By Jorge Vega
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Exclusive
2 Bedrooms, Central Harlem Rental in NYC for $2,108 - Photo 1
2 Bedrooms, Central Harlem Rental in NYC for $2,108 - Photo 1 2 Bedrooms, Central Harlem Rental in NYC for $2,108 - Photo 1
4 hours  |  100
312 West 142nd Street, Apt 4W
Central Harlem, Upper Manhattan, Manhattan
$2,108 2 Beds 1 Bath
By Gregory Witchel
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No Fee · Exclusive
2 Bedrooms, Hell's Kitchen Rental in NYC for $2,890 - Photo 1
2 Bedrooms, Hell's Kitchen Rental in NYC for $2,890 - Photo 1 2 Bedrooms, Hell's Kitchen Rental in NYC for $2,890 - Photo 1
34 mins  |  100
W 37 St.
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,890 2 Beds 1 Bath
By LIBBY MATSUI, Hell's Kitchen Expert
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No Fee · Doorman · Elevator · Hardwood Floors
1 Bedroom, Lower East Side Rental in NYC for $2,600 - Photo 1
1 Bedroom, Lower East Side Rental in NYC for $2,600 - Photo 1 1 Bedroom, Lower East Side Rental in NYC for $2,600 - Photo 1
3 hours  |  100
175 Orchard Street
Lower East Side, Downtown Manhattan, Manhattan
$2,600 1 Bed 1 Bath
By Moran Khousravi
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Pre-War · Hardwood Floors
2 Bedrooms, Kips Bay Rental in NYC for $2,800 - Photo 1
2 Bedrooms, Kips Bay Rental in NYC for $2,800 - Photo 1 2 Bedrooms, Kips Bay Rental in NYC for $2,800 - Photo 1
1 hour  |  100
East 20's
Kips Bay, Midtown Manhattan, Manhattan
$2,800 2 Beds 1 Bath
By Yordan Bobchev, Kips Bay Expert
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No Fee · Elevator
Studio, Kips Bay Rental in NYC for $2,295 - Photo 1
Studio, Kips Bay Rental in NYC for $2,295 - Photo 1 Studio, Kips Bay Rental in NYC for $2,295 - Photo 1
1 hour  |  100
East 29th Street
Kips Bay, Midtown Manhattan, Manhattan
$2,295 Studio 1 Bath
By Eric Coronel
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No Fee · Doorman · Elevator · Hardwood Floors
1 Bedroom, Manhattanville Rental in NYC for $1,995 - Photo 1
1 Bedroom, Manhattanville Rental in NYC for $1,995 - Photo 1 1 Bedroom, Manhattanville Rental in NYC for $1,995 - Photo 1
1 hour  |  100
Broadway
Manhattanville, West Harlem, Upper Manhattan, Manhattan
$1,995 1 Bed 1 Bath
By Clell Tickle
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No Fee · 620 ft² · Doorman · Elevator · Pre-War · Hardwood Floors
2 Bedrooms, Kips Bay Rental in NYC for $2,695 - Photo 1
2 Bedrooms, Kips Bay Rental in NYC for $2,695 - Photo 1 2 Bedrooms, Kips Bay Rental in NYC for $2,695 - Photo 1
1 hour  |  100
E 25th St.
Kips Bay, Midtown Manhattan, Manhattan
$2,695 2 Beds 1 Bath
By Meyer Ovadia
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No Fee · Doorman · Elevator · Hardwood Floors
1 Bedroom, Midtown East Rental in NYC for $2,550 - Photo 1
1 Bedroom, Midtown East Rental in NYC for $2,550 - Photo 1 1 Bedroom, Midtown East Rental in NYC for $2,550 - Photo 1
1 hour  |  100
220 East 57th St
Midtown East, Midtown Manhattan, Manhattan
$2,550 1 Bed 1 Bath
By Gregory Cohen
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No Fee · Exclusive · 550 ft² · Doorman · Elevator
1 Bedroom, Yorkville Rental in NYC for $2,707 - Photo 1
1 Bedroom, Yorkville Rental in NYC for $2,707 - Photo 1 1 Bedroom, Yorkville Rental in NYC for $2,707 - Photo 1
5 hours  |  100
340 East 90th Street, Apt 2A
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,707 1 Bed 1 Bath
By Diana Babayeva, Upper East Side Expert
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No Fee · Exclusive · Doorman · Elevator
1 Bedroom, Rose Hill Rental in NYC for $2,795 - Photo 1
1 Bedroom, Rose Hill Rental in NYC for $2,795 - Photo 1 1 Bedroom, Rose Hill Rental in NYC for $2,795 - Photo 1
2 hours  |  100
213 E 26th St.
Rose Hill, Kips Bay, Midtown Manhattan, Manhattan
$2,795 1 Bed 1 Bath
By 9300 Realty
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No Fee · Laundry in Unit · Pre-War · Hardwood Floors
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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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