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Cheap Apartments for Rent

Home  »  New York, NY  »  Cheap Apartments
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1 Bedroom, Hell's Kitchen Rental in NYC for $2,880 - Photo 1
 |  Score: 100
605 West 42nd Street, Apt 45E
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,880
|
1 Bed
|
1 Bath
By Ely Levy
Featured
No Fee
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1 Bedroom, Upper East Side Rental in NYC for $2,496 - Photo 1
Last 30 min  |  Score: 100
1365 York Avenue, Apt 29M
Upper East Side, Upper Manhattan, Manhattan
$2,496
|
1 Bed
|
1 Bath
By Ely Levy
Featured
No Fee
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1 Bedroom, Hell's Kitchen Rental in NYC for $2,880 - Photo 1
Last 30 min  |  Score: 100
605 West 42nd Street, Apt 45E
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,880
|
1 Bed
|
1 Bath
By Ely Levy
Featured
No Fee
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1 Bedroom, Flatbush Rental in NYC for $1,999 - Photo 1
Last 30 min  |  Score: 100
95 Linden Boulevard, Apt 56B
Flatbush, Central Brooklyn, Brooklyn
$1,999
|
1 Bed
|
1 Bath
By Kimberlyn Casciano
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No Fee
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1 Bedroom, Hudson Heights Rental in NYC for $1,825 - Photo 1
Last 30 min  |  Score: 100
701 West 184th Street, Apt 2K
Hudson Heights, Washington Heights, Upper Manhattan, Manhattan
$1,825
|
1 Bed
|
1 Bath
By Corey Thomas
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Studio, Hell's Kitchen Rental in NYC for $2,194 - Photo 1
Last hour  |  Score: 100
606 West 57th Street, Apt 1027...
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,194
|
Studio / Flex 1
|
1 Bath
By Emmanuel 'Manny' Guervil, Hell's Kitchen Expert
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No Fee
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1 Bedroom, Hell's Kitchen Rental in NYC for $2,795 - Photo 1
Last 30 min  |  Score: 100
West 37th Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,795
|
1 Bed
|
1 Bath
By Idan Elimeleh, Hell's Kitchen Expert
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No Fee
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1 Bedroom, Theater District Rental in NYC for $2,495 - Photo 1
Last 30 min  |  Score: 100
Eighth Avenue
Theater District, Midtown Manhattan, Manhattan
$2,495
|
1 Bed
|
1 Bath
By Walter Too, Theater District Expert
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No Fee
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1 Bedroom, Hell's Kitchen Rental in NYC for $2,915 - Photo 1
Last 30 min  |  Score: 100
West 43rd Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,915
|
1 Bed
|
1 Bath
By Idan Elimeleh, Hell's Kitchen Expert
Featured
No Fee
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1 Bedroom, Hell's Kitchen Rental in NYC for $2,495 - Photo 1
Last 30 min  |  Score: 100
West 42nd Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,495
|
1 Bed
|
1 Bath
By Walter Too, Hell's Kitchen Expert
Featured
No Fee
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1 Bedroom, Hell's Kitchen Rental in NYC for $2,532 - Photo 1
Last hour  |  Score: 100
606 West 57th Street, Apt 718
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,532
|
1 Bed / Flex 2
|
1 Bath
By Emmanuel 'Manny' Guervil, Hell's Kitchen Expert
Featured
No Fee
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1 Bedroom, Central Harlem Rental in NYC for $1,850 - Photo 1
Last hour  |  Score: 100
2 West 120th Street, Apt 4F
Central Harlem, Upper Manhattan, Manhattan
$1,850
|
1 Bed
|
1 Bath
By Jenna Paulus
Featured
No Fee
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1 Bedroom, DUMBO Rental in NYC for $2,996 - Photo 1
1 hour ago  |  Score: 100
60 Water Street, Apt 504
DUMBO, Northwestern Brooklyn, Brooklyn
$2,996
|
1 Bed
|
1 Bath
By David Gelfenbeyn
Featured
No Fee
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1 Bedroom, Hell's Kitchen Rental in NYC for $2,800 - Photo 1
Last 30 min  |  Score: 100
West 42nd Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,800
|
1 Bed
|
1 Bath
By Tal Eshel, Hell's Kitchen Expert
Featured
No Fee
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2 Bedrooms, Hudson Heights Rental in NYC for $1,995 - Photo 1
Last hour  |  Score: 100
30 Magaw Place, Apt 3A
Hudson Heights, Washington Heights, Upper Manhattan, Manhattan
$1,995
|
2 Bed
|
1 Bath
By Jenna Paulus
Featured
No Fee
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1 Bedroom, Lincoln Square Rental in NYC for $2,559 - Photo 1
1 hour ago  |  Score: 100
210 West 70th Street, Apt 711
Lincoln Square, Upper West Side, Upper Manhattan, Manhattan
$2,559
|
1 Bed
|
1 Bath
By David Torres
Featured
No Fee
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2 Bedrooms, Yorkville Rental in NYC for $2,500 - Photo 1
1 hour ago  |  Score: 100
424 East 83rd Street, Apt 4E
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,500
|
2 Bed
|
1 Bath
By Candice Bynum
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No Fee
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Studio, Central Harlem Rental in NYC for $1,600 - Photo 1
1 hour ago  |  Score: 100
263 West 131st Street, Apt 1A
Central Harlem, Upper Manhattan, Manhattan
$1,600
|
Studio
|
1 Bath
By Saul Cohen
Featured
No Fee
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3 Bedrooms, Glendale Rental in NYC for $2,600 - Photo 1
Last hour  |  Score: 100
75-2 61st Street, Apt 1
Glendale, Northwestern Queens, Queens
$2,600
|
3 Bed
|
2 Bath
By Bryan Soto
Featured
No Fee
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1 Bedroom, Upper West Side Rental in NYC for $2,490 - Photo 1
1 hour ago  |  Score: 100
323 West 96th Street, Apt 603
Upper West Side, Upper Manhattan, Manhattan
$2,490
|
1 Bed / Flex 2
|
1 Bath
By Yoni
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No Fee
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Studio, Lincoln Square Rental in NYC for $1,600 - Photo 1
1 hour ago  |  Score: 100
160 West 71st Street, Apt 12A
Lincoln Square, Upper West Side, Upper Manhattan, Manhattan
$1,600
|
Studio / Flex 1
|
1 Bath
By Matteo Provasnik
Featured
No Fee
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1 Bedroom, Hell's Kitchen Rental in NYC for $2,800 - Photo 1
 |  Score: 100
West 42nd Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,800
|
1 Bed
|
1 Bath
By Tal Eshel
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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