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Cheap Apartments for Rent

Upcoming Open Houses
Tue, Feb 19 9:00am - 7:30pm
$2,250
Studio at 17 Monitor St
Tue, Feb 19 9:30am - 9:00pm
$2,535
Studio at 801 Amsterdam Avenue
Tue, Feb 19 9:30am - 9:00pm
$2,920
Studio at 795 Columbus Avenue
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2 hours  |  100
20 Saint Marks Place, Apt 2F
Boerum Hill, South Brooklyn, Brooklyn
$2,200 Studio 1 Bath
By Linda Virtue
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Exclusive
  500 ft²
2 hours  |  100
226 E 74th St., Apt 5F
Upper East Side, Upper Manhattan, Manhattan
$2,195 Studio 1 Bath
By Phillip Estevez
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No Fee
 
Exclusive
  Elevator · Hardwood Floors
3 hours  |  100
385 Fort Washington Avenue, Ap...
Hudson Heights, Washington Heights, Upper Manhattan, Manhattan
$2,550 2 Bed 1 Bath
By Gifty Muniz
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Exclusive
  Elevator · Hardwood Floors
3 hours  |  100
1372 First Avenue
Upper East Side, Upper Manhattan, Manhattan
$2,200 1 Bed 1 Bath
By Coco Mindreau
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No Fee
 
Exclusive
  Pre-War
1 hour  |  100
East 73rd Street
Upper East Side, Upper Manhattan, Manhattan
$2,595 1 Bed 1 Bath
By Xavier Quintanilla
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45 mins  |  100
195 Troutman Street, Apt 2F
Bushwick, Northern Brooklyn, Brooklyn
$2,450 2 Bed 1 Bath
Alan Medvinsky, Bushwick Expert
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No Fee
 
Exclusive
  Hardwood Floors
3 hours  |  100
74 Hull Street
Ocean Hill, Central Brooklyn, Brooklyn
$2,475 3 Bed 2 Bath
By Monique Rowe
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No Fee
 
2 hours  |  100
Amsterdam Avenue
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
$2,575 1 Bed 1 Bath
Allison Deutsch, Upper West Side Expert
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No Fee
  Pre-War · Hardwood Floors
3 hours  |  100
166 Second Avenue, Apt 410
East Village, Downtown Manhattan, Manhattan
$2,900 Studio 1 Bath
By Phillip Martin
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Exclusive
  Doorman · Elevator · Pre-War · Hardwood Floors
1 hour  |  100
156 East 64th Street, Apt RR4
Lenox Hill, Upper East Side, Upper Manhattan, Manhattan
$2,450 Studio 1 Bath
By Ruth Zapata
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No Fee
 
Exclusive
 
1 hour  |  100
East 78th Street
Upper East Side, Upper Manhattan, Manhattan
$2,575 2 Bed 1 Bath
By Dmitriy Gorodensky
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Elevator · Hardwood Floors
2 hours  |  100
East 74th Street
Upper East Side, Upper Manhattan, Manhattan
$1,895 Studio 1 Bath
By Enide Douillard
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Laundry in Unit · Pre-War · Hardwood Floors
1 hour  |  100
43-09 40th St., Apt 2K
Sunnyside, Long Island City, Northwestern Queens, Queens
$1,900 1 Bed 1 Bath
Kenneth Beak, Sunnyside Expert
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Exclusive
  Elevator · Hardwood Floors
2 hours  |  100
East 34th Street
Kips Bay, Midtown Manhattan, Manhattan
$2,950 2 Bed 1 Bath
By Rohit Kumar
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No Fee
  Doorman · Elevator · Hardwood Floors
4 hours  |  100
East 20's
Gramercy Park, Midtown Manhattan, Manhattan
$2,495 Studio 1 Bath
Dimitar Nikolov, Gramercy Park Expert
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No Fee
  500 ft² · Doorman · Elevator
3 hours  |  100
W 37th St.
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,563 Studio 1 Bath
By LaTasha Crutcher
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No Fee
  Doorman · Elevator · Laundry in Unit · Hardwood Floors
1 hour  |  100
236 East 36th Street, Apt 5B
Murray Hill, Midtown Manhattan, Manhattan
$2,575 Studio 1 Bath
Levi Adir, Murray Hill Expert
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No Fee
 
Exclusive
  Doorman · Elevator · Hardwood Floors
2 hours  |  100
2517 Bedford Avenue
Flatbush, Central Brooklyn, Brooklyn
$2,400 2 Bed 1 Bath
By Linda Virtue
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No Fee
  700 ft²
2 hours  |  100
2517 Bedford Avenue, Apt 2F
Flatbush, Central Brooklyn, Brooklyn
$1,750 Studio 1 Bath
By Linda Virtue
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No Fee
 
Exclusive
  450 ft²
3 hours  |  100
E 73rd St.
Upper East Side, Upper Manhattan, Manhattan
$2,895 2 Bed 1 Bath
Lydia Pappas, Upper East Side Expert
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No Fee
  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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