Cheap Apartments for Rent

Updated - May 26, 2017
Home  »  New York, NY  »  Cheap Apartments
Upcoming Open Houses
Fri, May 26 10:00am - 5:00pm
$2,625
Studio, 1BA at 247 N 7th Street
Fri, May 26 10:00am - 4:00pm
$2,950
Studio, 1BA at 795 Columbus Avenue
Fri, May 26 10:00am - 5:00pm
$2,559
Studio, 1BA at 247 N 7th Street
Sort:   HopScore   |   Price
« Back   |   Page    of 1887 (37,738 Rentals)   |   Next »
Room, Gramercy Park Rental in NYC for $1,400 - Photo 1
Room, Gramercy Park Rental in NYC for $1,400 - Photo 2
Posted 8 mins ago
Gramercy Park, Midtown Manhattan, Manhattan
$1,400
Per Month
By James Mercure
Check Availability
No Fee · 1,000 ft² · Doorman · Elevator · Laundry in Unit
Room, Gramercy Park Rental in NYC for $1,400 - Photo 1
Room, Gramercy Park Rental in NYC for $1,400 - Photo 2
Posted 8 mins ago
Gramercy Park, Midtown Manhattan, Manhattan
$1,400
Per Month
By James Mercure
Check Availability
No Fee · 150 ft² · Elevator · Laundry in Unit
1 Bedroom, Astoria Rental in NYC for $1,995 - Photo 1
1 Bedroom, Astoria Rental in NYC for $1,995 - Photo 2
Posted 7 mins ago
Astoria, Northwestern Queens, Queens
$1,995
Per Month
By Russell Dinstein
Check Availability
440 ft² · Pre-War · Hardwood Floors
1 Bedroom, Upper East Side Rental in NYC for $3,000 - Photo 1
1 Bedroom, Upper East Side Rental in NYC for $3,000 - Photo 2
Posted 7 mins ago
Upper East Side, Upper Manhattan, Manhattan
$3,000
Per Month
By Melissa Ohana
Check Availability
No Fee · Doorman · Elevator · Hardwood Floors
1 Bedroom, Crown Heights Rental in NYC for $2,860 - Photo 1
1 Bedroom, Crown Heights Rental in NYC for $2,860 - Photo 2
Posted 6 mins ago
Crown Heights, Central Brooklyn, Brooklyn
$2,860
Per Month
By EXR New Development
Check Availability
Exclusive · No Fee · Elevator · Hardwood Floors
1 Bedroom, Crown Heights Rental in NYC for $2,769 - Photo 1
1 Bedroom, Crown Heights Rental in NYC for $2,769 - Photo 2
Posted 8 mins ago
Crown Heights, Central Brooklyn, Brooklyn
$2,769
Per Month
By EXR New Development
Check Availability
Exclusive · No Fee · Elevator · Hardwood Floors
1 Bedroom, Williamsburg Rental in NYC for $2,995 - Photo 1
1 Bedroom, Williamsburg Rental in NYC for $2,995 - Photo 2
Posted 8 mins ago
Williamsburg, Northern Brooklyn, Brooklyn
$2,995
Per Month
By Boaz Atzmon
Check Availability
Exclusive · No Fee · Elevator · Loft · Hardwood Floors
Studio, Upper West Side Rental in NYC for $2,400 - Photo 1
Studio, Upper West Side Rental in NYC for $2,400 - Photo 2
Posted 6 mins ago
Upper West Side, Upper Manhattan, Manhattan
$2,400
Per Month
By Jason Rosario
Check Availability
No Fee · Doorman · Hardwood Floors
1 Bedroom, Manhattan Valley Rental in NYC for $2,450 - Photo 1
1 Bedroom, Manhattan Valley Rental in NYC for $2,450 - Photo 2
Posted 7 mins ago
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
$2,450
Per Month
By Dmitry Yakhnis
Check Availability
Doorman · Elevator
Studio, Financial District Rental in NYC for $2,585 - Photo 1
Studio, Financial District Rental in NYC for $2,585 - Photo 2
Posted 8 mins ago
Financial District, Downtown Manhattan, Manhattan
$2,585
Per Month
By Jeffrey Carlson
Check Availability
Exclusive · No Fee · Doorman · Elevator
1 Bedroom, Yorkville Rental in NYC for $2,600 - Photo 1
1 Bedroom, Yorkville Rental in NYC for $2,600 - Photo 2
Posted 6 mins ago
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,600
Per Month
By Lior Ben-David
Check Availability
Doorman · Elevator · Hardwood Floors
3 Bedrooms, East Harlem Rental in NYC for $2,650 - Photo 1
3 Bedrooms, East Harlem Rental in NYC for $2,650 - Photo 2
Posted 37 mins ago
East Harlem, Upper Manhattan, Manhattan
$2,650
Per Month
By Anthony Santorelli
Check Availability
Exclusive ·
Posted 8 mins ago
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,850
Per Month
By Terence Jones
Check Availability
Pre-War
2 Bedrooms, Sunnyside Rental in NYC for $2,300 - Photo 1
2 Bedrooms, Sunnyside Rental in NYC for $2,300 - Photo 2
Posted 7 mins ago
Sunnyside, Long Island City, Northwestern Queens, Queens
$2,300
Per Month
By Trevor Nasroodin
Check Availability
Pre-War
1 Bedroom, Stuyvesant Town - Peter Cooper Village Rental in NYC for $2,852 - Photo 1
1 Bedroom, Stuyvesant Town - Peter Cooper Village Rental in NYC for $2,852 - Photo 2
Posted 6 mins ago
Stuyvesant Town - Peter Cooper Village, Midtown Manhattan, Manhattan, Gramercy Park, East Village
$2,852
Per Month
By StuyTown Apartments
Check Availability
By Owner · No Fee · 937 ft²
3 Bedrooms, Inwood Rental in NYC for $2,800 - Photo 1
3 Bedrooms, Inwood Rental in NYC for $2,800 - Photo 2
Posted 7 mins ago
Inwood, Upper Manhattan, Manhattan
$2,800
Per Month
By Roy Assaf
Check Availability
Elevator · Hardwood Floors
Studio, Koreatown Rental in NYC for $2,815 - Photo 1
Studio, Koreatown Rental in NYC for $2,815 - Photo 2
Posted 6 mins ago
Koreatown, Midtown Manhattan, Manhattan
$2,815
Per Month
By Tina Borges-Druth
Check Availability
Exclusive · No Fee · Doorman · Elevator · Pre-War
1 Bedroom, Inwood Rental in NYC for $1,800 - Photo 1
1 Bedroom, Inwood Rental in NYC for $1,800 - Photo 2
Posted 6 mins ago
Inwood, Upper Manhattan, Manhattan
$1,800
Per Month
Inwood Expert
Check Availability
Pre-War
1 Bedroom, Upper East Side Rental in NYC for $2,750 - Photo 1
1 Bedroom, Upper East Side Rental in NYC for $2,750 - Photo 2
Posted 7 mins ago
Upper East Side, Upper Manhattan, Manhattan
$2,750
Per Month
By Bryant Montalvo
Check Availability
No Fee · Elevator
1 Bedroom, Morningside Heights Rental in NYC for $2,675 - Photo 1
1 Bedroom, Morningside Heights Rental in NYC for $2,675 - Photo 2
Posted 17 mins ago
Morningside Heights, West Harlem, Upper Manhattan, Manhattan
$2,675
Per Month
By Russell Dinstein
Check Availability
« Back   |   Page    of 1887 (37,738 Rentals)   |   Next »

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.

Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
© 2009 - 2017 RentHop.com™
Quantcast