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Cheap Apartments for Rent

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1 Bedroom, Jamaica Rental in NYC for $2,350 - Photo 1 1 Bedroom, Jamaica Rental in NYC for $2,350 - Photo 2
Posted 1 hour ago
178-02 Hillside Avenue
Jamaica, Southeastern Queens, Queens
$2,350 1 Bed 1 Bath
By Farah Jean-Baptiste
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No Fee
 
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By Owner
  572 ft² · Doorman · Elevator
Studio, Hunters Point Rental in NYC for $2,660 - Photo 1 Studio, Hunters Point Rental in NYC for $2,660 - Photo 2
Posted 1 hour ago
Center Blvd
Hunters Point, Long Island City, Northwestern Queens, Queens
$2,660 Studio 1 Bath
David Kusayev, Long Island City Expert
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No Fee
  Doorman · Elevator · Laundry in Unit · Hardwood Floors
1 Bedroom, Upper West Side Rental in NYC for $2,950 - Photo 1 1 Bedroom, Upper West Side Rental in NYC for $2,950 - Photo 2
Posted 1 hour ago
251 West 81st Street, Apt 2G
Upper West Side, Upper Manhattan, Manhattan
$2,950 1 Bed 1 Bath
By Jared Joseph
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Doorman · Elevator
1 Bedroom, Jamaica Rental in NYC for $2,150 - Photo 1 1 Bedroom, Jamaica Rental in NYC for $2,150 - Photo 2
Posted 1 hour ago
178-02 Hillside Avenue
Jamaica, Southeastern Queens, Queens
$2,150 1 Bed 1 Bath
By Farah Jean-Baptiste
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No Fee
 
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By Owner
  Doorman · Elevator
1 Bedroom, Hell's Kitchen Rental in NYC for $2,600 - Photo 1 1 Bedroom, Hell's Kitchen Rental in NYC for $2,600 - Photo 2
Posted 1 hour ago
358 West 47th Street, Apt 2W
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,600 1 Bed 1 Bath
By Jared Joseph
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1 Bedroom, Ridgewood Rental in NYC for $2,395 - Photo 1 1 Bedroom, Ridgewood Rental in NYC for $2,395 - Photo 2
Posted 1 hour ago
1890 Stockholm St., Apt 2R
Ridgewood, Northwestern Queens, Queens
$2,395 1 Bed 1 Bath
By David Kusayev
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No Fee
  Hardwood Floors
1 Bedroom, Midtown East Rental in NYC for $2,800 - Photo 1 1 Bedroom, Midtown East Rental in NYC for $2,800 - Photo 2
Posted 1 hour ago
234 East 58th Street, Apt 15
Midtown East, Midtown Manhattan, Manhattan
$2,800 1 Bed 1 Bath
By Kenny Li
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No Fee
  500 ft²
Studio, Hunters Point Rental in NYC for $2,400 - Photo 1 Studio, Hunters Point Rental in NYC for $2,400 - Photo 2
Posted 29 mins ago
5th St.
Hunters Point, Long Island City, Northwestern Queens, Queens
$2,400 Studio 1 Bath
AJ TCHERNEV, Long Island City Expert
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No Fee
  500 ft² · Doorman · Elevator · Laundry in Unit
2 Bedrooms, Bushwick Rental in NYC for $2,666 - Photo 1 2 Bedrooms, Bushwick Rental in NYC for $2,666 - Photo 2
Posted 1 hour ago
Willoughby Avenue Brooklyn, N...
Bushwick, Northern Brooklyn, Brooklyn
$2,666 2 Bed 1 Bath
Selin Dearborn, Bushwick Expert
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No Fee
  Elevator · Hardwood Floors
Studio, Greenpoint Rental in NYC for $2,820 - Photo 1 Studio, Greenpoint Rental in NYC for $2,820 - Photo 2
Posted 3 hours ago
21 India Street, Apt T1807
Greenpoint, Northern Brooklyn, Brooklyn
$2,820 Studio 1 Bath
By David Gelfenbeyn
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No Fee
  Doorman · Elevator · Laundry in Unit
Studio, Financial District Rental in NYC for $2,838 - Photo 1 Studio, Financial District Rental in NYC for $2,838 - Photo 2
Posted 3 hours ago
45 Wall Street, Apt 1520
Financial District, Downtown Manhattan, Manhattan
$2,838 Studio 1 Bath
David Gelfenbeyn, Financial District Expert
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No Fee
  Doorman · Elevator
Studio, Hunters Point Rental in NYC for $2,489 - Photo 1 Studio, Hunters Point Rental in NYC for $2,489 - Photo 2
Posted 29 mins ago
Center Boulevard
Hunters Point, Long Island City, Northwestern Queens, Queens
$2,489 Studio 1 Bath
AJ Tchernev - LIC Specialist , Long Island City Expert
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No Fee
  550 ft² · Doorman · Elevator · Laundry in Unit
1 Bedroom, Midtown East Rental in NYC for $2,700 - Photo 1 1 Bedroom, Midtown East Rental in NYC for $2,700 - Photo 2
Posted 1 hour ago
234 East 58th Street, Apt 25
Midtown East, Midtown Manhattan, Manhattan
$2,700 1 Bed 1 Bath
By Kenny Li
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No Fee
  500 ft²
2 Bedrooms, Flushing Rental in NYC for $1,995 - Photo 1 2 Bedrooms, Flushing Rental in NYC for $1,995 - Photo 2
Posted 3 hours ago
42-70 156th Street, Apt 3CL
Flushing, Northeastern Queens, Queens
$1,995 2 Bed 1 Bath
By Giulio Ferrante
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1 Bedroom, Yorkville Rental in NYC for $2,550 - Photo 1 1 Bedroom, Yorkville Rental in NYC for $2,550 - Photo 2
Posted 3 hours ago
225 East 83rd Street, Apt 1RW
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,550 1 Bed 1 Bath
By Giulio Ferrante
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No Fee
 
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2 Bedrooms, Bedford-Stuyvesant Rental in NYC for $2,125 - Photo 1 2 Bedrooms, Bedford-Stuyvesant Rental in NYC for $2,125 - Photo 2
Posted 1 hour ago
199 Hancock Street, Apt 3
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,125 2 Bed 1 Bath
By Garfield and Rona
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No Fee
 
By Owner
  450 ft²
1 Bedroom, Sunnyside Rental in NYC for $2,050 - Photo 1 1 Bedroom, Sunnyside Rental in NYC for $2,050 - Photo 2
Posted 4 hours ago
45-35 44th St., Apt 4D
Sunnyside, Long Island City, Northwestern Queens, Queens
$2,050 1 Bed 1 Bath
Kenneth Beak, Sunnyside Expert
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Elevator · Hardwood Floors
3 Bedrooms, Crown Heights Rental in NYC for $2,600 - Photo 1 3 Bedrooms, Crown Heights Rental in NYC for $2,600 - Photo 2
Posted 2 hours ago
137 Kingston Ave, Apt 3
Crown Heights, Central Brooklyn, Brooklyn
$2,600 3 Bed 1 Bath
By Lotfi Chortani
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  1,000 ft²
Studio, Rose Hill Rental in NYC for $2,998 - Photo 1 Studio, Rose Hill Rental in NYC for $2,998 - Photo 2
Posted 3 hours ago
141 East 33rd Street, Apt 11A
Rose Hill, Kips Bay, Midtown Manhattan, Manhattan
$2,998 Studio 1 Bath
By Victor Doyle
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No Fee
  Doorman · Elevator
3 Bedrooms, Bushwick Rental in NYC for $2,700 - Photo 1 3 Bedrooms, Bushwick Rental in NYC for $2,700 - Photo 2
Posted 2 hours ago
636 Central Ave, Apt 1
Bushwick, Northern Brooklyn, Brooklyn
$2,700 3 Bed 1 Bath
Lotfi Chortani, Bushwick Expert
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No Fee
  1,100 ft²
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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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