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Cheap Apartments for Rent

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1 Bedroom, Yorkville Rental in NYC for $2,675 - Photo 1 1 Bedroom, Yorkville Rental in NYC for $2,675 - Photo 2
2 hours ago
East 85th Street
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,675 1 Bed 1 Bath
Soren Murray , Upper East Side Expert
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Elevator
Studio, Turtle Bay Rental in NYC for $1,900 - Photo 1 Studio, Turtle Bay Rental in NYC for $1,900 - Photo 2
2 hours ago
East 53rd Street
Turtle Bay, Midtown East, Midtown Manhattan, Manhattan
$1,900 Studio 1 Bath
Soren Murray , Midtown East Expert
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1 Bedroom, Weeksville Rental in NYC for $1,605 - Photo 1 1 Bedroom, Weeksville Rental in NYC for $1,605 - Photo 2
7 hours ago
1433 Park Place, Brooklyn, Ny ...
Weeksville, Crown Heights, Central Brooklyn, Brooklyn
$1,605 1 Bed 1 Bath
By Zee Grant
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Exclusive
 
Studio, Lenox Hill Rental in NYC for $2,800 - Photo 1 Studio, Lenox Hill Rental in NYC for $2,800 - Photo 2
10 hours ago
120 East 62nd Street, Apt 5D
Lenox Hill, Upper East Side, Upper Manhattan, Manhattan
$2,800 Studio 1 Bath
By Charles Munroe
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585 ft² · Elevator
1 Bedroom, Rose Hill Rental in NYC for $2,163 - Photo 1 1 Bedroom, Rose Hill Rental in NYC for $2,163 - Photo 2
10 hours ago
455 Second Ave, Apt 2AB
Rose Hill, Kips Bay, Midtown Manhattan, Manhattan
$2,163 1 Bed 1 Bath
By Charles Munroe
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500 ft² · Hardwood Floors
3 Bedrooms, Flushing Rental in NYC for $2,150 - Photo 1 3 Bedrooms, Flushing Rental in NYC for $2,150 - Photo 2
8 hours ago
42-70 156th Street, Apt 4BL
Flushing, Northeastern Queens, Queens
$2,150 3 Bed 1 Bath
By Giulio Ferrante
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No Fee
 
Exclusive
 
2 Bedrooms, Crown Heights Rental in NYC for $2,699 - Photo 1 2 Bedrooms, Crown Heights Rental in NYC for $2,699 - Photo 2
8 hours ago
1513 Dean St, Apt 1
Crown Heights, Central Brooklyn, Brooklyn
$2,699 2 Bed 1 Bath
By David Quigua
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No Fee
  800 ft²
2 Bedrooms, Flushing Rental in NYC for $2,195 - Photo 1 2 Bedrooms, Flushing Rental in NYC for $2,195 - Photo 2
8 hours ago
42-70 156th Street, Apt 1BL
Flushing, Northeastern Queens, Queens
Open House - Mon, Jan 20, 5:00pm - 7:00pm
$2,195 2 Bed 1 Bath
By Giulio Ferrante
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No Fee
 
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2 Bedrooms, Prospect Lefferts Gardens Rental in NYC for $2,999 - Photo 1 2 Bedrooms, Prospect Lefferts Gardens Rental in NYC for $2,999 - Photo 2
8 hours ago
1146 Nostrand Ave, Apt 2
Prospect Lefferts Gardens, Flatbush, Central Brooklyn, Brooklyn
$2,999 2 Bed 1 Bath
By David Quigua
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1,000 ft² · Laundry in Unit
1 Bedroom, Bay Ridge Rental in NYC for $1,700 - Photo 1 1 Bedroom, Bay Ridge Rental in NYC for $1,700 - Photo 2
4 hours ago
325 Marine Avenue, Apt D10
Bay Ridge, Southwestern Brooklyn, Brooklyn
$1,700 1 Bed 1 Bath
By Anna Gorokhovskaya
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Loft, Financial District Rental in NYC for $2,900 - Photo 1 Loft, Financial District Rental in NYC for $2,900 - Photo 2
Last hour
west street
Financial District, Downtown Manhattan, Manhattan
$2,900 Loft 1 Bath
Jason Hernandez, Financial District Expert
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No Fee
  Doorman · Elevator
1 Bedroom, Greenwich Village Rental in NYC for $2,950 - Photo 1 1 Bedroom, Greenwich Village Rental in NYC for $2,950 - Photo 2
9 hours ago
178 Thompson St, Apt 2C
Greenwich Village, Downtown Manhattan, Manhattan
$2,950 1 Bed 1 Bath
By Maggie Bedrossian
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2 Bedrooms, Astoria Rental in NYC for $2,600 - Photo 1 2 Bedrooms, Astoria Rental in NYC for $2,600 - Photo 2
12 hours ago
30-59 Crescent Street, Apt 2F ...
Astoria, Northwestern Queens, Queens
Open House - Mon, Jan 20, 11:30am - 12:00pm
$2,600 2 Bed 1 Bath
Don Abbott, Astoria Expert
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  650 ft²
Studio, Financial District Rental in NYC for $3,000 - Photo 1 Studio, Financial District Rental in NYC for $3,000 - Photo 2
3 hours ago
90 Washington St
Financial District, Downtown Manhattan, Manhattan
$3,000 Studio 1 Bath
By Amy Serfass
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425 ft² · Doorman · Elevator
2 Bedrooms, Fort George Rental in NYC for $2,300 - Photo 1 2 Bedrooms, Fort George Rental in NYC for $2,300 - Photo 2
10 hours ago
382 Wadsworth Ave, Apt G4
Fort George, Washington Heights, Upper Manhattan, Manhattan
$2,300 2 Bed 1 Bath
By Brittany Shaffer
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1 Bedroom, Jamaica Rental in NYC for $2,150 - Photo 1 1 Bedroom, Jamaica Rental in NYC for $2,150 - Photo 2
12 hours ago
178-02 Hillside Avenue, Apt 40...
Jamaica, Southeastern Queens, Queens
$2,150 1 Bed 1 Bath
By Jose Cisneros
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No Fee
 
Exclusive
 
By Owner
  563 ft² · Doorman · Elevator
Studio, Jamaica Rental in NYC for $1,995 - Photo 1 Studio, Jamaica Rental in NYC for $1,995 - Photo 2
12 hours ago
178-02 Hillside Avenue, Apt 61...
Jamaica, Southeastern Queens, Queens
$1,995 Studio 1 Bath
By Jose Cisneros
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No Fee
 
Exclusive
  543 ft² · Doorman · Elevator
Studio, Long Island City Rental in NYC for $2,525 - Photo 1 Studio, Long Island City Rental in NYC for $2,525 - Photo 2
6 hours ago
Jackson Ave
Long Island City, Northwestern Queens, Queens
$2,525 Studio 1 Bath
Jason Kim, Long Island City Expert
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No Fee
  Doorman · Elevator · Laundry in Unit
1 Bedroom, Long Island City Rental in NYC for $2,954 - Photo 1 1 Bedroom, Long Island City Rental in NYC for $2,954 - Photo 2
6 hours ago
Jackson Ave
Long Island City, Northwestern Queens, Queens
$2,954 1 Bed 1 Bath
Jason Kim, Long Island City Expert
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No Fee
  Doorman · Elevator · Laundry in Unit
Studio, Downtown Brooklyn Rental in NYC for $2,700 - Photo 1 Studio, Downtown Brooklyn Rental in NYC for $2,700 - Photo 2
8 hours ago
Gold St.
Downtown Brooklyn, Northwestern Brooklyn, Brooklyn
$2,700 Studio 1 Bath
Cherish Dawn, Downtown Brooklyn Expert
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No Fee
  Doorman · Elevator · Laundry in Unit · 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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