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1 Bedroom, Astoria Rental in NYC for $2,400 - Photo 1
21-34 Broadway, Apt 6D
Astoria, Northwestern Queens, Queens
$2,400
|
1 Bed
|
1 Bath
By Don Abbott
Featured
No Fee
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1 Bedroom, Yorkville Rental in NYC for $3,000 - Photo 1
Last 30 min
Third Avenue
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$3,000
|
1 Bed
|
1 Bath
By Jason Polanco, Upper East Side Expert
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No Fee
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Studio, Hell's Kitchen Rental in NYC for $2,780 - Photo 1
Last 30 min
W 42nd Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,780
|
Studio
|
1 Bath
By Deyan (Dan) Ivanov
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No Fee
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2 Bedrooms, Astoria Rental in NYC for $2,600 - Photo 1
Last hour
35-33 28th Street, Apt 1
Astoria, Northwestern Queens, Queens
$2,600
|
2 Bed
|
1 Bath
By Rebekah Gibson, Astoria Expert
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Studio, Yorkville Rental in NYC for $2,500 - Photo 1
Last 30 min
E 95th St
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,500
|
Studio / Flex 1
|
1 Bath
By Jason Polanco, Upper East Side Expert
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No Fee
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1 Bedroom, Upper East Side Rental in NYC for $3,000 - Photo 1
Last 30 min
East 63rd St
Upper East Side, Upper Manhattan, Manhattan
$3,000
|
1 Bed
|
1 Bath
By Miguel Ubinas
Featured
No Fee
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1 Bedroom, Astoria Rental in NYC for $1,625 - Photo 1
Last hour
24-35 Steinway Street, Apt 12
Astoria, Northwestern Queens, Queens
$1,625
|
1 Bed
|
1 Bath
By Rebekah Gibson, Astoria Expert
Featured
No Fee
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Studio, Financial District Rental in NYC for $3,000 - Photo 1
Last 30 min
Wall Street
Financial District, Downtown Manhattan, Manhattan
$3,000
|
Studio / Flex 1
|
1 Bath
By Ashini Mehta, Financial District Expert
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1 Bedroom, Astoria Rental in NYC for $2,400 - Photo 1
Last 30 min
21-34 Broadway, Apt 6D
Astoria, Northwestern Queens, Queens
$2,400
|
1 Bed
|
1 Bath
By Don Abbott, Astoria Expert
Featured
No Fee
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1 Bedroom, Murray Hill Rental in NYC for $2,825 - Photo 1
1 hour ago
32 West 40th Street
Murray Hill, Midtown Manhattan, Manhattan
$2,825
|
1 Bed
|
1 Bath
By Lee Lin
Featured
No Fee
By Owner
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1 Bedroom, Astoria Rental in NYC for $2,225 - Photo 1
1 hour ago
31-49 29th Street, Apt A02
Astoria, Northwestern Queens, Queens
$2,225
|
1 Bed
|
1 Bath
By Julia Cordova, Astoria Expert
Featured
No Fee
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3 Bedrooms, Bushwick Rental in NYC for $3,000 - Photo 1
Last 30 min
71 Grove Street, Apt 3
Bushwick, Northern Brooklyn, Brooklyn
$3,000
|
3 Bed
|
2 Bath
By Eli Levitin, Bushwick Expert
No Fee
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1 Bedroom, Bushwick Rental in NYC for $2,063 - Photo 1
Last 30 min
358 Grove Street
Bushwick, Northern Brooklyn, Brooklyn
$2,063
|
1 Bed
|
1 Bath
By Eli Levitin, Bushwick Expert
No Fee
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1 Bedroom, Astoria Rental in NYC for $2,275 - Photo 1
1 hour ago
31-49 29th Street, Apt B7
Astoria, Northwestern Queens, Queens
$2,275
|
1 Bed
|
1 Bath
By Julia Cordova, Astoria Expert
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No Fee
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Studio, Financial District Rental in NYC for $1,850 - Photo 1
Last hour
63 Wall Street, Apt APT. 615
Financial District, Downtown Manhattan, Manhattan
$1,850
|
Studio
|
1 Bath
By Marc Z
No Fee
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2 Bedrooms, South Slope Rental in NYC for $2,400 - Photo 1
Last hour
207 Prospect Avenue, Apt 2
South Slope, Park Slope, South Brooklyn, Brooklyn
$2,400
|
2 Bed
|
1 Bath
By M.T.
No Fee
By Owner
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Studio, Turtle Bay Rental in NYC for $2,200 - Photo 1
Last 30 min
321 East 45th Street, Apt 6F
Turtle Bay, Midtown East, Midtown Manhattan, Manhattan
$2,200
|
Studio
|
1 Bath
By Emmanuel 'Manny' Guervil, Midtown East Expert
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2 Bedrooms, Forest Hills Rental in NYC for $2,599 - Photo 1
Last hour
112-15 72 Road
Forest Hills, Northwestern Queens, Queens
$2,599
|
2 Bed
|
1 Bath
By Joseph Segal
Featured
No Fee
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1 Bedroom, East Harlem Rental in NYC for $2,200 - Photo 1
Last 30 min
1955 1st Avenue, Apt 437
East Harlem, Upper Manhattan, Manhattan
$2,200
|
1 Bed
|
1 Bath
By Ekaterina Weber
No Fee
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1 Bedroom, The Waterfront Rental in NYC for $2,562 - Photo 1
1 hour ago
131 Dudley St., Apt HUDSON (A1...
The Waterfront, Hudson
$2,562
|
1 Bed
|
1 Bath
By Equity Residential
Featured
No Fee
By Owner
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1 Bedroom, Upper East Side Rental in NYC for $2,950 - Photo 1
Last hour
East 63rd St
Upper East Side, Upper Manhattan, Manhattan
$2,950
|
1 Bed
|
1 Bath
By Miguel Ubinas
Featured
No Fee
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1 Bedroom, Astoria Rental in NYC for $2,450 - Photo 1
25-40 Shore Boulevard, Apt 9I
Astoria, Northwestern Queens, Queens
$2,450
|
1 Bed
|
1 Bath
By Kathleen Eng
Featured
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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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