Cheap Apartments for Rent

Updated - September 23, 2017
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Upcoming Open Houses
Sat, Sep 23 3:30pm - 5:00pm
$2,796
Studio, 1BA at 247 N 7th Street
Sat, Sep 23 3:30pm - 4:30pm
$2,100
1BR, 1BA at 733 Bushwick Avenue
Sat, Sep 23 4:30pm - 5:00pm
$2,500
1BR, 1BA at 259 Columbia Street
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2 Bedrooms, East Williamsburg Rental in NYC for $2,999 - Photo 1
2 Bedrooms, East Williamsburg Rental in NYC for $2,999 - Photo 2
Posted 4 mins ago
East Williamsburg, Williamsburg, Northern Brooklyn, Brooklyn
$2,999
Per Month
By Danny Goldshtein
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Exclusive · No Fee · Elevator
Studio, Hell's Kitchen Rental in NYC for $2,525 - Photo 1
Studio, Hell's Kitchen Rental in NYC for $2,525 - Photo 2
Posted 6 mins ago
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,525
Per Month
Hell's Kitchen Expert
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No Fee · Doorman · Elevator · Hardwood Floors
Studio, Hell's Kitchen Rental in NYC for $2,999 - Photo 1
Studio, Hell's Kitchen Rental in NYC for $2,999 - Photo 2
Posted 4 mins ago
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,999
Per Month
By Shannon Francis
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No Fee · Laundry in Unit · Hardwood Floors
Studio, Astoria Rental in NYC for $1,690 - Photo 1
Studio, Astoria Rental in NYC for $1,690 - Photo 2
Posted 6 mins ago
Astoria, Northwestern Queens, Queens
$1,690
Per Month
By Lazar Ilic
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Exclusive · Elevator
Studio, Downtown Brooklyn Rental in NYC for $2,607 - Photo 1
Studio, Downtown Brooklyn Rental in NYC for $2,607 - Photo 2
Posted 5 mins ago
Downtown Brooklyn, Northwestern Brooklyn, Brooklyn
$2,607
Per Month
Downtown Brooklyn Expert
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No Fee · Doorman · Elevator · Hardwood Floors
1 Bedroom, Manhattan Valley Rental in NYC for $2,400 - Photo 1
1 Bedroom, Manhattan Valley Rental in NYC for $2,400 - Photo 2
Posted 6 mins ago
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
$2,400
Per Month
By Roselis Cortez-Landaverde
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Elevator
1 Bedroom, Gowanus Rental in NYC for $2,951 - Photo 1
1 Bedroom, Gowanus Rental in NYC for $2,951 - Photo 2
Posted 8 mins ago
Gowanus, South Brooklyn, Brooklyn
$2,951
Per Month
By Rebecca Attenweiler
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No Fee · Doorman · Elevator · Laundry in Unit
2 Bedrooms, Chelsea Rental in NYC for $3,000 - Photo 1
2 Bedrooms, Chelsea Rental in NYC for $3,000 - Photo 2
Posted 6 mins ago
Chelsea, Midtown Manhattan, Manhattan
$3,000
Per Month
By Frank Fisher
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No Fee · Doorman · Elevator · Hardwood Floors
Studio, Hudson Heights Rental in NYC for $1,995 - Photo 1
Studio, Hudson Heights Rental in NYC for $1,995 - Photo 2
Posted 5 mins ago
Hudson Heights, Washington Heights, Upper Manhattan, Manhattan
$1,995
Per Month
By Kyle Eberlein
Check Availability
Elevator
1 Bedroom, Theater District Rental in NYC for $2,795 - Photo 1
1 Bedroom, Theater District Rental in NYC for $2,795 - Photo 2
Posted 4 mins ago
Theater District, Midtown Manhattan, Manhattan
$2,795
Per Month
By Katya Nadirova
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Exclusive · Doorman · Elevator
Studio, Financial District Rental in NYC for $2,493 - Photo 1
Studio, Financial District Rental in NYC for $2,493 - Photo 2
Posted 5 mins ago
Financial District, Downtown Manhattan, Manhattan
$2,493
Per Month
By Joe Russo
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No Fee · Doorman · Elevator · Pre-War
Studio, Midtown East Rental in NYC for $2,850 - Photo 1
Studio, Midtown East Rental in NYC for $2,850 - Photo 2
Posted 4 mins ago
Midtown East, Midtown Manhattan, Manhattan
$2,850
Per Month
By Ariel Chazen
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No Fee · Doorman · Elevator · Hardwood Floors
Studio, Upper East Side Rental in NYC for $2,200 - Photo 1
Posted 4 mins ago
Upper East Side, Upper Manhattan, Manhattan
$2,200
Per Month
By Ewa Pruszko
Check Availability
Elevator
Studio, Hunters Point Rental in NYC for $2,494 - Photo 1
Studio, Hunters Point Rental in NYC for $2,494 - Photo 2
Posted 5 mins ago
Hunters Point, Long Island City, Northwestern Queens, Queens
$2,494
Per Month
By David Andres
Check Availability
No Fee · Doorman · Pre-War · Hardwood Floors
1 Bedroom, Yorkville Rental in NYC for $1,825 - Photo 1
1 Bedroom, Yorkville Rental in NYC for $1,825 - Photo 2
Posted 5 mins ago
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$1,825
Per Month
By Joseph Catalfo
Check Availability
Exclusive ·
Studio, Hell's Kitchen Rental in NYC for $2,543 - Photo 1
Studio, Hell's Kitchen Rental in NYC for $2,543 - Photo 2
Posted 4 mins ago
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,543
Per Month
By Stevan Barbul
Check Availability
No Fee · Doorman · Elevator · Pre-War · Hardwood Floors
Studio, Turtle Bay Rental in NYC for $2,675 - Photo 1
Studio, Turtle Bay Rental in NYC for $2,675 - Photo 2
Posted 6 mins ago
Turtle Bay, Midtown East, Midtown Manhattan, Manhattan
$2,675
Per Month
By Ariel Cohen Mullokandov
Check Availability
No Fee · Doorman · Elevator · Pre-War · Hardwood Floors
1 Bedroom, Fort Greene Rental in NYC for $2,600 - Photo 1
1 Bedroom, Fort Greene Rental in NYC for $2,600 - Photo 2
Posted 6 mins ago
Fort Greene, Northwestern Brooklyn, Brooklyn
$2,600
Per Month
By Daphnee Chapoteau
Check Availability
Exclusive ·
1 Bedroom, Upper West Side Rental in NYC for $2,600 - Photo 1
1 Bedroom, Upper West Side Rental in NYC for $2,600 - Photo 2
Posted 6 mins ago
Upper West Side, Upper Manhattan, Manhattan
$2,600
Per Month
By Ermir Cela
Check Availability
Studio, Hell's Kitchen Rental in NYC for $2,400 - Photo 1
Studio, Hell's Kitchen Rental in NYC for $2,400 - Photo 2
Posted 5 mins ago
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,400
Per Month
By Eric Coronel
Check Availability
No Fee · Doorman · Elevator · 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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