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Cheap Apartments for Rent

Upcoming Open Houses
Mon, Aug 20 10:00am - 10:00pm
$2,250
1BR at 127 West 92 Street
Mon, Aug 20 10:00am - 9:00pm
$2,000
Studio at 11 West 82 Street
Mon, Aug 20 10:00am - 8:30pm
$2,600
1BR at 306 west 73rd street
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10 mins  |  100
263 West 87th Street, Apt 1
Upper West Side, Upper Manhattan, Manhattan
$2,290 Studio 1 Bath
By David Marciano
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Exclusive
  Elevator
4 mins  |  100
William Street
Financial District, Downtown Manhattan, Manhattan
$2,599 Studio 1 Bath
Ryan Strennen, Financial District Expert
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Doorman · Elevator
44 mins  |  100
74 Macdonough St, Apt 5
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,250 1 Bed 1 Bath
Maayan Meller, Bedford-Stuyvesant Expert
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No Fee
 
Exclusive
 
1 hour  |  100
524 West 50th Street #4b, Apt ...
Hell's Kitchen, Midtown Manhattan, Manhattan
$1,995 Studio 1 Bath
Bob Brooks, Hell's Kitchen Expert
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Exclusive
  420 ft² · Pre-War
39 mins  |  100
304 W 10th Street, Apt 3B
West Village, Downtown Manhattan, Manhattan
$2,250 Studio 1 Bath
Julie Souëf, West Village Expert
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Exclusive
 
1 hour  |  100
11 West 82 Street, Apt 14
Upper West Side, Upper Manhattan, Manhattan
$2,000 Studio 1 Bath
Hillary Pitt, Upper West Side Expert
Open House:  Mon, Aug 20, 10:00am - 9:00pm
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Exclusive
  Elevator
31 mins  |  100
West 42nd st
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,690 Studio 1 Bath
Louis Ortiz, Hell's Kitchen Expert
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No Fee
  550 ft² · Doorman · Elevator
1 hour  |  100
144 W 23rd St, Apt 3C
Chelsea, Midtown Manhattan, Manhattan
$2,795 Studio 1 Bath
By Angel Ramirez
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No Fee
 
Exclusive
  Elevator
1 hour  |  100
325 Kent Ave, Apt 1010
Williamsburg, Northern Brooklyn, Brooklyn
$2,686 Studio 1 Bath
By 325 Kent Leasing
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No Fee
 
Exclusive
  Doorman · Elevator
12 mins  |  100
Astoria Blvd
Astoria, Northwestern Queens, Queens
$2,300 2 Bed 1 Bath
By Emily Pham
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1 hour  |  100
2nd Ave.
East Village, Downtown Manhattan, Manhattan
$2,950 Studio 1 Bath
Vidal Benbasat , East Village Expert
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No Fee
  Doorman · Elevator · Pre-War · Hardwood Floors
13 mins  |  100
305 W 45th St, Apt 6G
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,550 1 Bed 1 Bath
By Lane Matalon
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No Fee
 
Exclusive
  Elevator
3 mins  |  100
Mulberry Street
Little Italy, Downtown Manhattan, Manhattan
$2,190 Studio 1 Bath
By Tony Allan Jackson
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No Fee
  Pre-War · Hardwood Floors
1 hour  |  100
Navy Pier Court
Stapleton, North Shore, Staten Island
$1,995 1 Bed 1 Bath
By Richard Bier
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No Fee
  Elevator · Laundry in Unit · Hardwood Floors
1 hour  |  100
W 55th St.
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,500 Studio 1 Bath
By Keith Williams
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Doorman · Elevator · Pre-War
1 hour  |  100
321 Wythe Avenue, Apt 1209
Williamsburg, Northern Brooklyn, Brooklyn
$2,958 1 Bed 1 Bath
By EXR New Development
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No Fee
 
Exclusive
  Elevator · Hardwood Floors
1 hour  |  100
Maiden & Wall
Financial District, Downtown Manhattan, Manhattan
$2,420 Studio 1 Bath
Lou Bauta, Financial District Expert
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No Fee
  Doorman · Elevator
11 mins  |  100
125 Hull Street, Apt #3
Ocean Hill, Central Brooklyn, Brooklyn
$2,550 3 Bed 2 Bath
By Steven Michael Pennoyer
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No Fee
 
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1 hour  |  100
Park Avenue South
Gramercy Park, Midtown Manhattan, Manhattan
$2,995 Studio 1 Bath
By Corey Mittenthal
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No Fee
  Doorman · Elevator · Pre-War
4 mins  |  100
West Street
Financial District, Downtown Manhattan, Manhattan
$2,850 Studio 1 Bath
Christopher Rassam, Financial District Expert
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Doorman · Elevator
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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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