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Cheap Apartments for Rent

Home  »  New York, NY  »  Cheap Apartments
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Studio, Financial District Rental in NYC for $2,695 - Photo 1
Score: 100
113 Nassau Street, Apt HIGH FL...
Financial District, Downtown Manhattan, Manhattan
$2,695
|
Studio
|
1 Bath
By Tom Foley
Featured
No Fee
Video Tour
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Studio, Financial District Rental in NYC for $2,695 - Photo 1
1 hour ago  |  Score: 100
113 Nassau Street, Apt HIGH FL...
Financial District, Downtown Manhattan, Manhattan
$2,695
|
Studio
|
1 Bath
By Tom Foley
Featured
No Fee
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1 Bedroom, Exchange Place North Rental in NYC for $2,855 - Photo 1
1 hour ago  |  Score: 100
1 Harborside Place, Apt A6
Exchange Place North, The Waterfront, Hudson
$2,855
|
1 Bed
|
1 Bath
By Equity Residential
Featured
No Fee
By Owner
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1 Bedroom, Bedford-Stuyvesant Rental in NYC for $2,200 - Photo 1
3 hours ago  |  Score: 100
162 Decatur Street, Apt 3
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,200
|
1 Bed / Flex 2
|
1 Bath
By Duran Doughlin
Featured
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Studio, Hell's Kitchen Rental in NYC for $2,654 - Photo 1
1 hour ago  |  Score: 100
505 W. 54th St., Apt STUDIO B
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,654
|
Studio
|
1 Bath
By Equity Residential
Featured
No Fee
By Owner
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1 Bedroom, Lincoln Square Rental in NYC for $2,875 - Photo 1
2 hours ago  |  Score: 100
120 West 71st Street
Lincoln Square, Upper West Side, Upper Manhattan, Manhattan
$2,875
|
1 Bed
|
1 Bath
By June Homes
Featured
No Fee
By Owner
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Studio, Financial District Rental in NYC for $2,575 - Photo 1
Last 30 min  |  Score: 99.8
West Street
Financial District, Downtown Manhattan, Manhattan
$2,575
|
Studio / Flex 1
|
1 Bath
By Natallia Bryleuskaya, Financial District Expert
No Fee
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Studio, Murray Hill Rental in NYC for $1,795 - Photo 1
Last 30 min  |  Score: 99.6
Second Avenue and E 36th St
Murray Hill, Midtown Manhattan, Manhattan
$1,795
|
Studio
|
1 Bath
By Jovaan Whitton
No Fee
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Studio, Manhattan Valley Rental in NYC for $2,227 - Photo 1
1 hour ago  |  Score: 99.2
795 Columbus Avenue, Apt 09M
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
$2,227
|
Studio
|
1 Bath
By Columbus Square
No Fee
By Owner
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Room, Central Harlem Rental in NYC for $1,150 - Photo 1
1 hour ago  |  Score: 98.5
285 Saint Nicholas Avenue
Central Harlem, Upper Manhattan, Manhattan
$1,150
|
Private Room
|
1 Bath
By June Homes
Featured
No Fee
By Owner
Video Tour
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Studio, Manhattan Valley Rental in NYC for $2,755 - Photo 1
2 hours ago  |  Score: 98.4
801 Amsterdam Avenue, Apt 06H
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
$2,755
|
Studio
|
1 Bath
By Columbus Square
No Fee
By Owner
Video Tour
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Loft, Hudson Heights Rental in NYC for $1,525 - Photo 1
1 hour ago  |  Score: 98.3
Riverside Dr/ west 180st
Hudson Heights, Washington Heights, Upper Manhattan, Manhattan
$1,525
|
Loft
|
1 Bath
By Said Bennani
Featured
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4 hours ago  |  Score: 97.9
1 William Street, Apt 541
Bergen
$2,297
|
1 Bed
|
1 Bath
By One William
Featured
No Fee
By Owner
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2 Bedrooms, Crown Heights Rental in NYC for $2,550 - Photo 1
3 hours ago  |  Score: 97.8
Bedford Avenue
Crown Heights, Central Brooklyn, Brooklyn
$2,550
|
2 Bed
|
1 Bath
By Duran Doughlin
Featured
No Fee
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Studio, Inwood Rental in NYC for $1,699 - Photo 1
6 hours ago  |  Score: 97.8
600 West 218th Street, Apt 3E
Inwood, Upper Manhattan, Manhattan
$1,699
|
Studio
|
1 Bath
By Annie Hawkins, Inwood Expert
Featured
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1 Bedroom, Chelsea Rental in NYC for $2,830 - Photo 1
1 hour ago  |  Score: 97.4
415 West 23rd Street
Chelsea, Midtown Manhattan, Manhattan
$2,830
|
1 Bed
|
1 Bath
By Michael cohen
No Fee
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1 Bedroom, Hell's Kitchen Rental in NYC for $2,050 - Photo 1
9 hours ago  |  Score: 97.2
522 West 50th Street, Apt B4
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,050
|
1 Bed
|
1 Bath
By Bob Brooks, Hell's Kitchen Expert
Featured
No Fee
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2 Bedrooms, Weeksville Rental in NYC for $2,468 - Photo 1
7 hours ago  |  Score: 97.2
1606 Prospect Place
Weeksville, Crown Heights, Central Brooklyn, Brooklyn
$2,468
|
2 Bed
|
1.5 Bath
By Nedra Campbell
Featured
Video Tour
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Studio, Lenox Hill Rental in NYC for $1,938 - Photo 1
2 hours ago  |  Score: 97.1
East 65th Street
Lenox Hill, Upper East Side, Upper Manhattan, Manhattan
$1,938
|
Studio
|
1 Bath
By Mark Danich
Featured
No Fee
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3 Bedrooms, Bedford-Stuyvesant Rental in NYC for $2,700 - Photo 1
7 hours ago  |  Score: 96.9
29 Herkimer Street, Apt 3
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,700
|
3 Bed
|
1 Bath
By Nadia Hussey
Featured
No Fee
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1 Bedroom, Astoria Rental in NYC for $2,495 - Photo 1
12 hours ago  |  Score: 96.8
30-64 34th Street, Apt UNIT 2E...
Astoria, Northwestern Queens, Queens
$2,495
|
1 Bed
|
1 Bath
By David Kusayev, Astoria Expert
Featured
No Fee
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Studio, Financial District Rental in NYC for $2,369 - Photo 1
Score: 95.7
West Street
Financial District, Downtown Manhattan, Manhattan
$2,369
|
Studio
|
1 Bath
By Fatima Tahir
Featured
No Fee
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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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