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Cheap Apartments for Rent

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Studio, Carnegie Hill Rental in NYC for $2,750 - Photo 1 Studio, Carnegie Hill Rental in NYC for $2,750 - Photo 2
Last 30 min
7 East 86th Street, Apt 10B
Carnegie Hill, Upper East Side, Upper Manhattan, Manhattan
$2,750 Studio 1 Bath
By Sandra Dor
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Doorman · Elevator · Hardwood Floors
Studio, Rose Hill Rental in NYC for $2,075 - Photo 1 Studio, Rose Hill Rental in NYC for $2,075 - Photo 2
Last 30 min
239 East 24 Street, Apt 15
Rose Hill, Kips Bay, Midtown Manhattan, Manhattan
$2,075 Studio 1 Bath
By Sandra Dor
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No Fee
  Pre-War · Hardwood Floors
1 Bedroom, Brighton Beach Rental in NYC for $2,150 - Photo 1 1 Bedroom, Brighton Beach Rental in NYC for $2,150 - Photo 2
Last 30 min
3440 Guider Avenue, Apt 1B
Brighton Beach, Southern Brooklyn, Brooklyn
$2,150 1 Bed 1 Bath
By Shabir Ahmad
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No Fee
 
Exclusive
  Doorman · Elevator
Studio, Theater District Rental in NYC for $2,600 - Photo 1 Studio, Theater District Rental in NYC for $2,600 - Photo 2
Last hour
888 Eighth Avenue, Apt 11K
Theater District, Midtown Manhattan, Manhattan
$2,600 Studio 1 Bath
Idan Elimeleh, Theater District Expert
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Doorman · Elevator · Hardwood Floors
3 Bedrooms, Ocean Hill Rental in NYC for $2,700 - Photo 1 3 Bedrooms, Ocean Hill Rental in NYC for $2,700 - Photo 2
Last 30 min
1871 Prospect Place, Apt 1
Ocean Hill, Central Brooklyn, Brooklyn
$2,700 3 Bed 1 Bath
By Andreas Photiou
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1,100 ft²
Studio, Financial District Rental in NYC for $2,615 - Photo 1 Studio, Financial District Rental in NYC for $2,615 - Photo 2
Last 30 min
Financial District, Downtown ...
Financial District, Downtown Manhattan, Manhattan
$2,615 Studio 1 Bath
Marco Bianchi, Financial District Expert
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No Fee
  Doorman · Elevator · Laundry in Unit
Studio, Financial District Rental in NYC for $2,867 - Photo 1 Studio, Financial District Rental in NYC for $2,867 - Photo 2
Last 30 min
Downtown Manhattan,
Financial District, Downtown Manhattan, Manhattan
$2,867 Studio / Flex 2 1 Bath
Marco Bianchi, Financial District Expert
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No Fee
  723 ft² · Doorman · Elevator
1 Bedroom, Upper West Side Rental in NYC for $2,750 - Photo 1 1 Bedroom, Upper West Side Rental in NYC for $2,750 - Photo 2
Last 30 min
West 80 Street and Amsterdam A...
Upper West Side, Upper Manhattan, Manhattan
$2,750 1 Bed 1 Bath
Sam Hassounia, Upper West Side Expert
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2 Bedrooms, Hell's Kitchen Rental in NYC for $2,578 - Photo 1 2 Bedrooms, Hell's Kitchen Rental in NYC for $2,578 - Photo 2
1 hour ago
530 West 50th Street, Apt 3B
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,578 2 Bed 1 Bath
Robert , Hell's Kitchen Expert
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  700 ft²
Studio, Hunters Point Rental in NYC for $2,500 - Photo 1 Studio, Hunters Point Rental in NYC for $2,500 - Photo 2
Last hour
Center Boulevard
Hunters Point, Long Island City, Northwestern Queens, Manhattan
$2,500 Studio 1 Bath
Yigal Krim, Long Island City Expert
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No Fee
  Doorman · Elevator · Laundry in Unit · Hardwood Floors
Studio, Hell's Kitchen Rental in NYC for $2,800 - Photo 1 Studio, Hell's Kitchen Rental in NYC for $2,800 - Photo 2
Last hour
West 42nd Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,800 Studio 1 Bath
Mike Navarro, Hell's Kitchen Expert
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No Fee
  Doorman · Elevator · Hardwood Floors
Studio, Hell's Kitchen Rental in NYC for $2,600 - Photo 1 Studio, Hell's Kitchen Rental in NYC for $2,600 - Photo 2
Last hour
West 55th Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,600 Studio 1 Bath
Chedvi Gerlitz, Hell's Kitchen Expert
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No Fee
  Doorman · Elevator · Hardwood Floors
2 Bedrooms, Brighton Beach Rental in NYC for $2,750 - Photo 1 2 Bedrooms, Brighton Beach Rental in NYC for $2,750 - Photo 2
Last 30 min
3440 Guider Avenue, Apt 6A
Brighton Beach, Southern Brooklyn, Brooklyn
$2,750 2 Bed 1 Bath
By Shabir Ahmad
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No Fee
 
1 Bedroom, Upper East Side Rental in NYC for $1,850 - Photo 1 1 Bedroom, Upper East Side Rental in NYC for $1,850 - Photo 2
Last hour
402 East 69th Street, Apt 8
Upper East Side, Upper Manhattan, Manhattan
Open House - Fri, Nov 15, 4:30pm - 6:00pm
$1,850 1 Bed 1 Bath
By William Rosa
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Exclusive
  700 ft²
1 Bedroom, Yorkville Rental in NYC for $2,250 - Photo 1 1 Bedroom, Yorkville Rental in NYC for $2,250 - Photo 2
Last 30 min
East 80's
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,250 1 Bed 1 Bath
NISHANT, Upper East Side Expert
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1 Bedroom, Bay Ridge Rental in NYC for $2,050 - Photo 1 1 Bedroom, Bay Ridge Rental in NYC for $2,050 - Photo 2
Last hour
333 86th St Apt 4f, Apt 4F
Bay Ridge, Southwestern Brooklyn, Brooklyn
$2,050 1 Bed 1 Bath
By Britany Lacroix
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No Fee
 
2 Bedrooms, Brighton Beach Rental in NYC for $2,750 - Photo 1 2 Bedrooms, Brighton Beach Rental in NYC for $2,750 - Photo 2
Last hour
3440 Guider Ave Apt 6a, Apt 6A...
Brighton Beach, Southern Brooklyn, Brooklyn
$2,750 2 Bed 1 Bath
By Britany Lacroix
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No Fee
  Doorman · Elevator
1 Bedroom, Yorkville Rental in NYC for $2,395 - Photo 1 1 Bedroom, Yorkville Rental in NYC for $2,395 - Photo 2
Last hour
E 88 Street
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,395 1 Bed 1 Bath
John Skip Murphy, Upper East Side Expert
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No Fee
 
Studio, Financial District Rental in NYC for $2,850 - Photo 1 Studio, Financial District Rental in NYC for $2,850 - Photo 2
1 hour ago
Broad Street
Financial District, Downtown Manhattan, Manhattan
$2,850 Studio 1 Bath
Suzanne Remy Colton, Financial District Expert
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No Fee
  Doorman · Elevator · Laundry in Unit
Studio, Hell's Kitchen Rental in NYC for $2,833 - Photo 1 Studio, Hell's Kitchen Rental in NYC for $2,833 - Photo 2
Last 30 min
Tenth Avenue
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,833 Studio 1 Bath
By New York Living Solutions
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No Fee
  Doorman · Elevator · Pre-War · Hardwood Floors
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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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