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Cheap Apartments for Rent

Home  »  New York, NY  »  Cheap Apartments
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1 Bedroom, Financial District Rental in NYC for $2,574 - Photo 1
Score: 100
Broadway
Financial District, Downtown Manhattan, Manhattan
$2,574
|
1 Bed
|
1 Bath
By Alex Levi-Gardes
Featured
No Fee
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Studio, Yorkville Rental in NYC for $1,800 - Photo 1
Last 30 min  |  Score: 100
E 95th St
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$1,800
|
Studio / Flex 1
|
1 Bath
By Jason Polanco, Upper East Side Expert
Featured
No Fee
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1 Bedroom, Financial District Rental in NYC for $2,634 - Photo 1
Last 30 min  |  Score: 100
Hanover Square
Financial District, Downtown Manhattan, Manhattan
$2,634
|
1 Bed
|
1 Bath
By Lorenzo Belpassi, Financial District Expert
Featured
No Fee
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Studio, Financial District Rental in NYC for $2,357 - Photo 1
1 hour ago  |  Score: 100
95 Wall Street, Apt 213
Financial District, Downtown Manhattan, Manhattan
$2,357
|
Studio / Flex 2
|
1 Bath
By 95 Wall
Featured
No Fee
By Owner
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2 Bedrooms, Alphabet City Rental in NYC for $2,200 - Photo 1
Last 30 min  |  Score: 100
753 East 6th Street
Alphabet City, East Village, Downtown Manhattan, Manhattan
$2,200
|
2 Bed
|
1 Bath
By AB Landlord
Featured
No Fee
By Owner
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Studio, Financial District Rental in NYC for $2,008 - Photo 1
1 hour ago  |  Score: 100
95 Wall Street, Apt 519
Financial District, Downtown Manhattan, Manhattan
$2,008
|
Studio
|
1 Bath
By 95 Wall
Featured
No Fee
By Owner
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2 Bedrooms, Yorkville Rental in NYC for $2,995 - Photo 1
Last 30 min  |  Score: 100
234 East 83rd Street, Apt 1A
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,995
|
2 Bed
|
1 Bath
By Miguel Quinones
No Fee
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2 Bedrooms, Laconia Rental in NYC for $2,400 - Photo 1
Last 30 min  |  Score: 100
3031 Hone Avenue, Apt 1
Laconia, Allerton, East Bronx, Bronx
$2,400
|
2 Bed
|
1 Bath
By Margaret Vargas
No Fee
By Owner
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1 Bedroom, Financial District Rental in NYC for $2,574 - Photo 1
Last hour  |  Score: 100
Broadway
Financial District, Downtown Manhattan, Manhattan
$2,574
|
1 Bed
|
1 Bath
By Alex Levi-Gardes, Financial District Expert
Featured
No Fee
Video Tour
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1 Bedroom, Upper West Side Rental in NYC for $3,000 - Photo 1
1 hour ago  |  Score: 100
162 West 80th Street, Apt F
Upper West Side, Upper Manhattan, Manhattan
$3,000
|
1 Bed / Flex 2
|
1.5 Bath
By Kirill Kabachenko
Featured
No Fee
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2 Bedrooms, Fort George Rental in NYC for $1,975 - Photo 1
Last 30 min  |  Score: 100
562 West 189th Street
Fort George, Washington Heights, Upper Manhattan, Manhattan
$1,975
|
2 Bed
|
1 Bath
By Sophie
No Fee
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1 Bedroom, Upper West Side Rental in NYC for $2,650 - Photo 1
Last hour  |  Score: 100
47 West 75th Street, Apt 5F
Upper West Side, Upper Manhattan, Manhattan
$2,650
|
1 Bed
|
1 Bath
By Connor Durkin
No Fee
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Studio, West Village Rental in NYC for $2,900 - Photo 1
Last hour  |  Score: 100
175 West 12th Street, Apt 11N
West Village, Downtown Manhattan, Manhattan
$2,900
|
Studio
|
1 Bath
By Jason D
No Fee
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2 Bedrooms, Hell's Kitchen Rental in NYC for $2,595 - Photo 1
3 hours ago  |  Score: 100
776 9th Ave #4s, Apt 4S
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,595
|
2 Bed
|
1 Bath
By Bob Brooks, Hell's Kitchen Expert
Featured
No Fee
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2 Bedrooms, Bushwick Rental in NYC for $2,200 - Photo 1
Last 30 min  |  Score: 100
49 Cedar Street, Apt 4R
Bushwick, Northern Brooklyn, Brooklyn
$2,200
|
2 Bed
|
1 Bath
By Nell Simon
No Fee
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Studio, Turtle Bay Rental in NYC for $1,750 - Photo 1
2 hours ago  |  Score: 100
321 East 48th Street, Apt L4
Turtle Bay, Midtown East, Midtown Manhattan, Manhattan
$1,750
|
Studio
|
1 Bath
By Michelle Moyer
Featured
No Fee
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Studio, Manhattan Valley Rental in NYC for $2,715 - Photo 1
2 hours ago  |  Score: 100
808 Columbus Avenue, Apt 09P
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
$2,715
|
Studio
|
1 Bath
By Columbus Square
Featured
No Fee
By Owner
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2 Bedrooms, Yorkville Rental in NYC for $2,950 - Photo 1
Last 30 min  |  Score: 100
234 East 83rd Street, Apt 1A
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,950
|
2 Bed
|
2 Bath
By Miguel Quinones
Video Tour
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1 hour ago  |  Score: 100
1 William Street, Apt 313
Bergen
$2,458
|
1 Bed
|
1 Bath
By One William
Featured
No Fee
By Owner
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1 Bedroom, The Waterfront Rental in NYC for $2,219 - Photo 1
1 hour ago  |  Score: 100
131 Dudley St., Apt HUDSON (A1...
The Waterfront, Hudson
$2,219
|
1 Bed
|
1 Bath
By Equity Residential
Featured
No Fee
By Owner
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2 Bedrooms, Sunnyside Rental in NYC for $2,150 - Photo 1
3 hours ago  |  Score: 100
41-22 49th Street, Apt ONE
Sunnyside, Long Island City, Northwestern Queens, Queens
$2,150
|
2 Bed
|
1 Bath
By Martin DuPain
Featured
No Fee
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1 Bedroom, Financial District Rental in NYC for $2,950 - Photo 1
Score: 100
SATURDAYS ARE FOR THE APARTMEN...
Financial District, Downtown Manhattan, Manhattan
$2,950
|
1 Bed / Flex 3
|
1 Bath
By Robert Barry
Featured
No Fee
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« Back Page 1 / 930 Next »

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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