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Cheap Apartments for Rent

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Studio, East Williamsburg Rental in NYC for $1,770 - Photo 1 Studio, East Williamsburg Rental in NYC for $1,770 - Photo 2
Last hour
232 Boerum Street, Apt 1L
East Williamsburg, Williamsburg, Northern Brooklyn, Brooklyn
$1,770 Studio 1 Bath
By Abram
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No Fee
 
Exclusive
  200 ft² · Furnished
Studio, Financial District Rental in NYC for $2,814 - Photo 1 Studio, Financial District Rental in NYC for $2,814 - Photo 2
Last 30 min
Wall Street
Financial District, Downtown Manhattan, Manhattan
$2,814 Studio 1 Bath
Patrick Accorsi , Financial District Expert
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No Fee
  Doorman · Elevator · Laundry in Unit
Studio, West Village Rental in NYC for $2,950 - Photo 1 Studio, West Village Rental in NYC for $2,950 - Photo 2
Last hour
55 Perry St
West Village, Downtown Manhattan, Manhattan
$2,950 Studio 1 Bath
By Jay Siller
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Elevator
Studio, Kips Bay Rental in NYC for $2,750 - Photo 1 Studio, Kips Bay Rental in NYC for $2,750 - Photo 2
Last 30 min
E 25th Street
Kips Bay, Midtown Manhattan, Manhattan
$2,750 Studio 1 Bath
Mike Hari, Kips Bay Expert
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No Fee
  425 ft² · Doorman · Elevator
1 Bedroom, Rose Hill Rental in NYC for $2,895 - Photo 1 1 Bedroom, Rose Hill Rental in NYC for $2,895 - Photo 2
Last hour
E 26 St
Rose Hill, Kips Bay, Midtown Manhattan, Manhattan
$2,895 1 Bed 1 Bath
By Jonathan Gomez
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Studio, Long Island City Rental in NYC for $2,518 - Photo 1 Studio, Long Island City Rental in NYC for $2,518 - Photo 2
Last hour
43-10 Crescent Street, Apt 762...
Long Island City, Northwestern Queens, Queens
$2,518 Studio / Flex 1 1 Bath
Haruka Ue, Long Island City Expert
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No Fee
 
Exclusive
  Doorman · Elevator · Laundry in Unit
1 Bedroom, Washington Heights Rental in NYC for $2,000 - Photo 1 1 Bedroom, Washington Heights Rental in NYC for $2,000 - Photo 2
1 hour ago
509 West 155th Street, Apt 3A
Washington Heights, Upper Manhattan, Manhattan
$2,000 1 Bed 1 Bath
By Milton Coste
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Elevator · Pre-War
Studio, Yorkville Rental in NYC for $2,400 - Photo 1 Studio, Yorkville Rental in NYC for $2,400 - Photo 2
1 hour ago
Third Avenue
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,400 Studio 1 Bath
Jason Polanco, Upper East Side Expert
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No Fee
  500 ft² · Doorman · Elevator · Hardwood Floors
Studio, Washington Heights Rental in NYC for $1,988 - Photo 1 Studio, Washington Heights Rental in NYC for $1,988 - Photo 2
1 hour ago
1365 Saint Nicholas Avenue, Ap...
Washington Heights, Upper Manhattan, Manhattan
$1,988 Studio 1 Bath
Carolyn Gibbs, Washington Heights Expert
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No Fee
  400 ft² · Doorman · Elevator
2 Bedrooms, Hudson Heights Rental in NYC for $2,295 - Photo 1 2 Bedrooms, Hudson Heights Rental in NYC for $2,295 - Photo 2
1 hour ago
282 Cabrini Boulevard, Apt 4K
Hudson Heights, Washington Heights, Upper Manhattan, Manhattan
$2,295 2 Bed 1 Bath
Gregory Healy, Washington Heights Expert
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No Fee
  600 ft² · Elevator · Pre-War · Hardwood Floors
2 Bedrooms, Astoria Rental in NYC for $2,600 - Photo 1 2 Bedrooms, Astoria Rental in NYC for $2,600 - Photo 2
2 hours ago
30-59 Crescent Street, Apt 2F
Astoria, Northwestern Queens, Queens
Open House - Tue, Feb 25, 12:00pm - 8:00pm
$2,600 2 Bed 1 Bath
Don Abbott, Astoria Expert
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  650 ft²
Studio, Yorkville Rental in NYC for $2,250 - Photo 1 Studio, Yorkville Rental in NYC for $2,250 - Photo 2
Last hour
Third Avenue
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,250 Studio 1 Bath
Jason Polanco, Upper East Side Expert
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No Fee
  Doorman · Elevator · Hardwood Floors
2 Bedrooms, Hudson Heights Rental in NYC for $2,150 - Photo 1 2 Bedrooms, Hudson Heights Rental in NYC for $2,150 - Photo 2
2 hours ago
81 Cabrini Boulevard, Apt 25
Hudson Heights, Washington Heights, Upper Manhattan, Manhattan
$2,150 2 Bed 1 Bath
Gregory Healy, Washington Heights Expert
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750 ft² · Pre-War · Hardwood Floors
1 Bedroom, East Village Rental in NYC for $2,550 - Photo 1 1 Bedroom, East Village Rental in NYC for $2,550 - Photo 2
2 hours ago
437 East 12th St, Apt 7
East Village, Downtown Manhattan, Manhattan
$2,550 1 Bed 1 Bath
By John McGriskin
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1 Bedroom, Central Harlem Rental in NYC for $1,995 - Photo 1 1 Bedroom, Central Harlem Rental in NYC for $1,995 - Photo 2
1 hour ago
620 Lenox Avenue, Apt 2J
Central Harlem, Upper Manhattan, Manhattan
$1,995 1 Bed 1 Bath
Jonathan D’silva, Central Harlem Expert
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No Fee
 
Exclusive
  600 ft² · Doorman · Elevator
Studio, Rego Park Rental in NYC for $1,700 - Photo 1 Studio, Rego Park Rental in NYC for $1,700 - Photo 2
2 hours ago
64-21 Booth Street, Apt 2J
Rego Park, Northwestern Queens, Queens
$1,700 Studio 1 Bath
Milton Coste, Rego Park Expert
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1 Bedroom, Murray Hill Rental in NYC for $2,980 - Photo 1 1 Bedroom, Murray Hill Rental in NYC for $2,980 - Photo 2
Last hour
East 38th Street
Murray Hill, Midtown Manhattan, Manhattan
$2,980 1 Bed 1 Bath
By Julia Chin
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Doorman · Elevator · Pre-War · Hardwood Floors
Studio, Long Island City Rental in NYC for $2,518 - Photo 1 Studio, Long Island City Rental in NYC for $2,518 - Photo 2
Last hour
Oversized studio/flex1
Long Island City, Northwestern Queens, Queens
$2,518 Studio / Flex 1 1 Bath
Haruka Ue, Long Island City Expert
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No Fee
  Doorman · Elevator
Studio, Washington Heights Rental in NYC for $1,650 - Photo 1 Studio, Washington Heights Rental in NYC for $1,650 - Photo 2
Last 30 min
75 Fort Washington Avenue
Washington Heights, Upper Manhattan, Manhattan
$1,650 Studio 1 Bath
By Rashid Percell Dewberry
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Studio, Williamsburg Rental in NYC for $2,975 - Photo 1 Studio, Williamsburg Rental in NYC for $2,975 - Photo 2
1 hour ago
Bedford Avenue
Williamsburg, Northern Brooklyn, Brooklyn
$2,975 Studio 1 Bath
By Nick Rafter
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Doorman
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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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