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Cheap Apartments for Rent

Upcoming Open Houses
Mon, Jun 25 1:00pm - 5:00pm
$2,295
2BR at 206 Scholes St
Mon, Jun 25 1:00pm - 7:00pm
$3,000
2BR at 745 Ninth Avenue
Mon, Jun 25 1:30pm - 4:00pm
$2,950
3BR at 132 Graham Ave
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19 mins  |  100
1461 Third Ave, Apt 6A
Upper East Side, Upper Manhattan, Manhattan
$2,250 1 Bed 1 Bath
By Miguel Arellano
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Exclusive
  700 ft² · Furnished
29 mins  |  100
530 East 89th Street, Apt 4A
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,950 1 Bed 1 Bath
By Jay Siller
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Exclusive
  Elevator · Pre-War
1 hour  |  100
1215 Flatbush Ave, Apt 3A
Flatbush, Central Brooklyn, Brooklyn
$2,995 3 Bed 1 Bath
By David Kusayev
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No Fee
 
Exclusive
  Laundry in Unit · Hardwood Floors
1 hour  |  100
374 West 46th Street, Apt 2W
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,395 1 Bed 1 Bath
Bob Brooks, Hell's Kitchen Expert
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  530 ft² · Pre-War · Loft · Hardwood Floors
37 mins  |  100
63 Wall Street, Apt 1207
Financial District, Downtown Manhattan, Manhattan
$2,550 Studio 1 Bath
By Ariel Maman
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No Fee
 
Exclusive
  Doorman · Elevator · Laundry in Unit
1 hour  |  100
238 East 87 Street, Apt 5A
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,100 Studio 1 Bath
By Michael Cohen
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  Pre-War · Hardwood Floors
1 min  |  100
122 West 81st, Apt 4A
Upper West Side, Upper Manhattan, Manhattan
$2,099 1 Bed 1 Bath
By David Marciano
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1 hour  |  100
672 Halsey Street
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,600 2 Bed 2 Bath
bev smith, Bedford-Stuyvesant Expert
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No Fee
  800 ft²
1 hour  |  100
50 Battery Pl, Apt 3A
Battery Park City, Downtown Manhattan, Manhattan
$2,575 Studio 1 Bath
By Robin Iselin
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No Fee
 
Exclusive
 
By Owner
  Doorman · Elevator
28 mins  |  100
1507 Fulton St, Apt 3
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,500 3 Bed 1 Bath
By Noah Tanenbaum
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No Fee
 
Exclusive
 
3 hours  |  100
53 West 84 Street Ny 10024, Ap...
Upper West Side, Upper Manhattan, Manhattan
$2,295 Studio 1 Bath
Paul Paljusevic, Upper West Side Expert
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No Fee
 
Exclusive
  400 ft²
1 hour  |  100
Lenox Hill
Upper East Side, Upper Manhattan, Manhattan
$1,850 Studio 1 Bath
Brandon Snook, Upper East Side Expert
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3 hours  |  100
191 23rd Street, Apt O2ND
Greenwood Heights, South Brooklyn, Brooklyn
$2,799 3 Bed 1 Bath
By Lindsey Perez
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No Fee
 
Exclusive
  1,100 ft²
36 mins  |  100
381 Metropolitan Ave, Apt 4A
Williamsburg, Northern Brooklyn, Brooklyn
$1,123 Share 2 Bath
Amanda Ezell, Williamsburg Expert
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No Fee
 
Exclusive
  Laundry in Unit
1 hour  |  100
EAST 61ST
Upper East Side, Upper Manhattan, Manhattan
$2,995 Studio 1 Bath
Amit Halon, Upper East Side Expert
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No Fee
  Doorman · Elevator · Hardwood Floors
1 hour  |  100
East 20's
Kips Bay, Midtown Manhattan, Manhattan
$3,000 2 Bed 1 Bath
Dimitar Nikolov, Kips Bay Expert
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No Fee
  Doorman · Elevator
1 hour  |  100
East 20's
Gramercy Park, Midtown Manhattan, Manhattan
$3,000 1 Bed 1 Bath
Yordan Bobchev, Gramercy Park Expert
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No Fee
  Doorman · Elevator
3 hours  |  100
57 Thames Street, Apt 3M
East Williamsburg, Williamsburg, Northern Brooklyn, Brooklyn
$2,675 Studio 1 Bath
Hannah Spongberg, Williamsburg Expert
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By Owner
  775 ft² · Elevator
3 hours  |  100
826 Ninth Ave
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,980 2 Bed 1 Bath
FrankCarlos Taylor, Hell's Kitchen Expert
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3 hours  |  100
509 17th Street, Apt 3L
Windsor Terrace, South Brooklyn, Brooklyn
$2,300 2 Bed 1 Bath
By Melissa Dehncke McGill
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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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