Cheap Apartments for Rent

Updated - July 26, 2017
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Wed, Jul 26 9:00am - 9:30pm
$2,300
1BR, 1BA at 1326 Ocean Ave
Wed, Jul 26 9:00am - 9:30pm
$1,850
Studio, 1BA at 1326 Ocean Ave
Wed, Jul 26 9:00am - 9:30pm
$1,800
Studio, 1BA at 1326 Ocean Ave
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1 Bedroom, Hell's Kitchen Rental in NYC for $2,750 - Photo 1
1 Bedroom, Hell's Kitchen Rental in NYC for $2,750 - Photo 2
Posted 1 min ago
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,750
Per Month
By Jaime Vito
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No Fee · Doorman · Elevator · Hardwood Floors
Studio, Flatbush Rental in NYC for $2,229 - Photo 1
Studio, Flatbush Rental in NYC for $2,229 - Photo 2
Posted 2 mins ago
Flatbush, Central Brooklyn, Brooklyn
$2,229
Per Month
By Rebecca Appel
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Exclusive · No Fee · Elevator
Studio, Upper West Side Rental in NYC for $2,300 - Photo 1
Studio, Upper West Side Rental in NYC for $2,300 - Photo 2
Posted 11 mins ago
Upper West Side, Upper Manhattan, Manhattan
$2,300
Per Month
By Russell Dinstein
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Pre-War
1 Bedroom, East Williamsburg Rental in NYC for $3,000 - Photo 1
1 Bedroom, East Williamsburg Rental in NYC for $3,000 - Photo 2
Posted Just Posted
East Williamsburg, Williamsburg, Northern Brooklyn, Brooklyn
$3,000
Per Month
By Quinn Ferree
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Exclusive · 780 ft² · Elevator · Furnished
1 Bedroom, Bowery Rental in NYC for $2,875 - Photo 1
1 Bedroom, Bowery Rental in NYC for $2,875 - Photo 2
Posted 2 mins ago
Bowery, Downtown Manhattan, Manhattan
$2,875
Per Month
By Peddy Kermanian
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Studio, Gramercy Park Rental in NYC for $2,350 - Photo 1
Studio, Gramercy Park Rental in NYC for $2,350 - Photo 2
Posted Just Posted
Gramercy Park, Midtown Manhattan, Manhattan
$2,350
Per Month
By Kevin Damman
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Elevator
1 Bedroom, Rose Hill Rental in NYC for $2,800 - Photo 1
1 Bedroom, Rose Hill Rental in NYC for $2,800 - Photo 2
Posted 11 mins ago
Rose Hill, Kips Bay, Midtown Manhattan, Manhattan
$2,800
Per Month
By Spencer Trotman
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Pre-War · Hardwood Floors
Studio, Rose Hill Rental in NYC for $2,100 - Photo 1
Studio, Rose Hill Rental in NYC for $2,100 - Photo 2
Posted Just Posted
Rose Hill, Kips Bay, Midtown Manhattan, Manhattan
$2,100
Per Month
By Slava Dobroff
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No Fee · Elevator · Hardwood Floors
Studio, Koreatown Rental in NYC for $3,000 - Photo 1
Studio, Koreatown Rental in NYC for $3,000 - Photo 2
Posted 1 min ago
Koreatown, Midtown Manhattan, Manhattan
$3,000
Per Month
By Natalia Skrypnyk
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No Fee · 520 ft² · Doorman · Elevator · Hardwood Floors
1 Bedroom, Theater District Rental in NYC for $2,950 - Photo 1
1 Bedroom, Theater District Rental in NYC for $2,950 - Photo 2
Posted 10 mins ago
Theater District, Midtown Manhattan, Manhattan
$2,950
Per Month
By JC Castro
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Doorman · Elevator
Studio, Yorkville Rental in NYC for $1,825 - Photo 1
Studio, Yorkville Rental in NYC for $1,825 - Photo 2
Posted 1 min ago
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$1,825
Per Month
By Alsu Coronis
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Pre-War · Loft · Hardwood Floors
Studio, Hell's Kitchen Rental in NYC for $2,850 - Photo 1
Studio, Hell's Kitchen Rental in NYC for $2,850 - Photo 2
Posted 12 mins ago
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,850
Per Month
Hell's Kitchen Expert
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No Fee · Doorman · Elevator · Pre-War · Hardwood Floors
2 Bedrooms, Alphabet City Rental in NYC for $2,675 - Photo 1
2 Bedrooms, Alphabet City Rental in NYC for $2,675 - Photo 2
Posted 11 mins ago
Alphabet City, East Village, Downtown Manhattan, Manhattan
$2,675
Per Month
By REAL New York
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Exclusive · Hardwood Floors
1 Bedroom, Hunters Point Rental in NYC for $2,784 - Photo 1
1 Bedroom, Hunters Point Rental in NYC for $2,784 - Photo 2
Posted 2 mins ago
Hunters Point, Long Island City, Northwestern Queens, Queens
$2,784
Per Month
By David Andres
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No Fee · Doorman · Pre-War · Hardwood Floors
1 Bedroom, East Village Rental in NYC for $2,500 - Photo 1
1 Bedroom, East Village Rental in NYC for $2,500 - Photo 2
Posted 12 mins ago
East Village, Downtown Manhattan, Manhattan
$2,500
Per Month
By Elizabeth (Liz) Hessler
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Exclusive ·
Studio, Hunters Point Rental in NYC for $2,690 - Photo 1
Studio, Hunters Point Rental in NYC for $2,690 - Photo 2
Posted Just Posted
Hunters Point, Long Island City, Northwestern Queens, Queens
$2,690
Per Month
By Ivan Urgiles
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By Owner · Exclusive · No Fee · Doorman · Elevator
1 Bedroom, Central Harlem Rental in NYC for $2,100 - Photo 1
1 Bedroom, Central Harlem Rental in NYC for $2,100 - Photo 2
Posted 32 mins ago
Central Harlem, Upper Manhattan, Manhattan
$2,100
Per Month
By Benjamin Fader
Check Availability
Exclusive ·
1 Bedroom, Ukrainian Village Rental in NYC for $1,225 - Photo 1
1 Bedroom, Ukrainian Village Rental in NYC for $1,225 - Photo 2
Posted 11 mins ago
Ukrainian Village, Northwest Side, Chicago
$1,225
Per Month
By The Common Team
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Exclusive · No Fee ·
Studio, SoHo Rental in NYC for $2,650 - Photo 1
Studio, SoHo Rental in NYC for $2,650 - Photo 2
Posted 12 mins ago
SoHo, Downtown Manhattan, Manhattan
$2,650
Per Month
By Tarek Bendida
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1 Bedroom, Bedford-Stuyvesant Rental in NYC for $2,400 - Photo 1
1 Bedroom, Bedford-Stuyvesant Rental in NYC for $2,400 - Photo 2
Posted 1 min ago
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,400
Per Month
By Jonathan Quigley
Check Availability
No Fee · Hardwood Floors
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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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