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Cheap Apartments for Rent

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1 Bedroom, Little Italy Rental in NYC for $2,590 - Photo 1 1 Bedroom, Little Italy Rental in NYC for $2,590 - Photo 2
Last 30 min
165 Mulberry Street, Apt 12
Little Italy, Downtown Manhattan, Manhattan
$2,590 1 Bed 1 Bath
By Ida Hamdan
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No Fee
 
Live Video Tour
  Pre-War · Hardwood Floors
Studio, Little Italy Rental in NYC for $2,390 - Photo 1 Studio, Little Italy Rental in NYC for $2,390 - Photo 2
Last 30 min
163 Mulberry Street, Apt 6
Little Italy, Downtown Manhattan, Manhattan
$2,390 Studio 1 Bath
By Ida Hamdan
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No Fee
  Pre-War · Hardwood Floors
Studio, Lincoln Square Rental in NYC for $2,780 - Photo 1 Studio, Lincoln Square Rental in NYC for $2,780 - Photo 2
Last hour
101 West End Avenue, Apt 19B
Lincoln Square, Upper West Side, Upper Manhattan, Manhattan
$2,780 Studio 1 Bath
Victor Doyle, Upper West Side Expert
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No Fee
 
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  457 ft² · Doorman · Elevator · Laundry in Unit
Studio, Hell's Kitchen Rental in NYC for $2,646 - Photo 1 Studio, Hell's Kitchen Rental in NYC for $2,646 - Photo 2
Last 30 min
550 West 54th Street, Apt 668
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,646 Studio 1 Bath
David Gelfenbeyn, Hell's Kitchen Expert
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No Fee
 
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  Doorman · Elevator · Laundry in Unit
2 Bedrooms, Washington Heights Rental in NYC for $2,250 - Photo 1 2 Bedrooms, Washington Heights Rental in NYC for $2,250 - Photo 2
Last 30 min
600 West 161st Street, Apt 6
Washington Heights, Upper Manhattan, Manhattan
$2,250 2 Bed 1 Bath
Oscarli Diaz, Washington Heights Expert
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  Elevator
2 Bedrooms, Manhattan Valley Rental in NYC for $2,765 - Photo 1 2 Bedrooms, Manhattan Valley Rental in NYC for $2,765 - Photo 2
Last 30 min
15 West 103rd Street, Apt 5A
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
$2,765 2 Bed 1 Bath
By Sixto Sibri
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No Fee
  Laundry in Unit
2 Bedrooms, East Williamsburg Rental in NYC for $2,750 - Photo 1
Last 30 min
83 Graham Avenue, Apt 3C
East Williamsburg, Williamsburg, Northern Brooklyn, Brooklyn
$2,750 2 Bed 1 Bath
By John Duffy
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  Laundry in Unit
1 Bedroom, Forest Hills Rental in NYC for $1,725 - Photo 1 1 Bedroom, Forest Hills Rental in NYC for $1,725 - Photo 2
Last 30 min
65th Rd and 102nd St
Forest Hills, Northwestern Queens, Queens
$1,725 1 Bed 1 Bath
By Barry Greenberg
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720 ft² · Laundry in Unit
2 Bedrooms, Hell's Kitchen Rental in NYC for $2,995 - Photo 1 2 Bedrooms, Hell's Kitchen Rental in NYC for $2,995 - Photo 2
1 hour ago
785 Ninth Avenue, Apt 2B
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,995 2 Bed 1 Bath
Robert "Bob" Brooks, Hell's Kitchen Expert
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  640 ft² · Pre-War
1 Bedroom, Hell's Kitchen Rental in NYC for $2,295 - Photo 1 1 Bedroom, Hell's Kitchen Rental in NYC for $2,295 - Photo 2
1 hour ago
374 West 46th Street #2w, Apt ...
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,295 1 Bed 1 Bath
Robert A. Brooks, Hell's Kitchen Expert
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  530 ft² · Pre-War · Loft · Hardwood Floors
1 Bedroom, NoHo Rental in NYC for $2,715 - Photo 1 1 Bedroom, NoHo Rental in NYC for $2,715 - Photo 2
1 hour ago
308 Mott Street, Apt 3RD FLOOR...
NoHo, Downtown Manhattan, Manhattan
$2,715 1 Bed 1 Bath
By Suzanne Goldklang
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  Pre-War
2 Bedrooms, Washington Heights Rental in NYC for $2,350 - Photo 1 2 Bedrooms, Washington Heights Rental in NYC for $2,350 - Photo 2
Last hour
601 West 163rd Street, Apt 54
Washington Heights, Upper Manhattan, Manhattan
$2,350 2 Bed 2 Bath
José A. Medina, Washington Heights Expert
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Studio, Upper West Side Rental in NYC for $2,200 - Photo 1 Studio, Upper West Side Rental in NYC for $2,200 - Photo 2
1 hour ago
50 West 82nd Street, Apt 1C
Upper West Side, Upper Manhattan, Manhattan
Open House - Sat, Jul 11, 9:30am - 10:00pm
$2,200 Studio 1 Bath
By Orail White
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Studio, Upper West Side Rental in NYC for $2,000 - Photo 1 Studio, Upper West Side Rental in NYC for $2,000 - Photo 2
1 hour ago
10 West 76th Street, Apt 4B
Upper West Side, Upper Manhattan, Manhattan
Open House - Sat, Jul 11, 9:30am - 10:00pm
$2,000 Studio 1 Bath
By Orail White
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Studio, Manhattan Valley Rental in NYC for $2,095 - Photo 1 Studio, Manhattan Valley Rental in NYC for $2,095 - Photo 2
Last hour
225 West 105th Street, Apt 2F
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
$2,095 Studio 1 Bath
José A. Medina, Upper West Side Expert
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No Fee
 
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1 Bedroom, Hamilton Heights Rental in NYC for $2,000 - Photo 1 1 Bedroom, Hamilton Heights Rental in NYC for $2,000 - Photo 2
Last 30 min
502 West 152nd Street, Apt BSM...
Hamilton Heights, West Harlem, Upper Manhattan, Manhattan
$2,000 1 Bed 1 Bath
By Jazmin Samora
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  Elevator
1 Bedroom, Morningside Heights Rental in NYC for $2,650 - Photo 1 1 Bedroom, Morningside Heights Rental in NYC for $2,650 - Photo 2
Last 30 min
45 Tiemann Place, Apt 1
Morningside Heights, West Harlem, Upper Manhattan, Manhattan
$2,650 1 Bed 1 Bath
By Jazmin Samora
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No Fee
 
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  Elevator
2 Bedrooms, Sunnyside Rental in NYC for $2,350 - Photo 1 2 Bedrooms, Sunnyside Rental in NYC for $2,350 - Photo 2
Last 30 min
40th St and 43rd Ave
Sunnyside, Long Island City, Northwestern Queens, Queens
$2,350 2 Bed 1 Bath
Barry Greenberg, Sunnyside Expert
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825 ft²
1 Bedroom, Chelsea Rental in NYC for $2,786 - Photo 1 1 Bedroom, Chelsea Rental in NYC for $2,786 - Photo 2
Last 30 min
E 34th St - Murray Hill/ Kips ...
Chelsea, Midtown Manhattan, Manhattan
$2,786 1 Bed / Flex 2 1 Bath
Sreeram Mallikarjun, Chelsea Expert
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No Fee
  Doorman · Elevator
1 Bedroom, Roosevelt Island Rental in NYC for $2,446 - Photo 1 1 Bedroom, Roosevelt Island Rental in NYC for $2,446 - Photo 2
Last 30 min
River Road
Roosevelt Island, Manhattan
$2,446 1 Bed 1 Bath
Devin Graham, Roosevelt Island Expert
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No Fee
  Doorman · Elevator · 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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