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Cheap Apartments for Rent

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Studio, Greenpoint Rental in NYC for $2,495 - Photo 1 Studio, Greenpoint Rental in NYC for $2,495 - Photo 2
Posted 2 mins ago
India St & West St
Greenpoint, Northern Brooklyn, Brooklyn
$2,495 Studio 1 Bath
Michael Walter, Greenpoint Expert
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No Fee
  Doorman · Elevator · Laundry in Unit
3 Bedrooms, Bushwick Rental in NYC for $2,850 - Photo 1 3 Bedrooms, Bushwick Rental in NYC for $2,850 - Photo 2
Posted 1 hour ago
35 Furman Avenue
Bushwick, Northern Brooklyn, Brooklyn
$2,850 3 Bed 1 Bath
By Gregory Honigsberg
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1 Bedroom, East Harlem Rental in NYC for $1,795 - Photo 1 1 Bedroom, East Harlem Rental in NYC for $1,795 - Photo 2
Posted 1 hour ago
East 99th St
East Harlem, Upper Manhattan, Manhattan
$1,795 1 Bed 1 Bath
By Jos Mansell
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Hardwood Floors
Studio, Murray Hill Rental in NYC for $2,400 - Photo 1 Studio, Murray Hill Rental in NYC for $2,400 - Photo 2
Posted 1 hour ago
East 32nd Street
Murray Hill, Midtown Manhattan, Manhattan
$2,400 Studio 1 Bath
By Tresor Senga
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No Fee
  Doorman · Elevator · Pre-War · Hardwood Floors
2 Bedrooms, Long Island City Rental in NYC for $2,600 - Photo 1 2 Bedrooms, Long Island City Rental in NYC for $2,600 - Photo 2
Posted 1 hour ago
40-04 36 Avenue, Apt 2A
Long Island City, Northwestern Queens, Queens
$2,600 2 Bed 1 Bath
By Nelly Mrakovcic
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Hardwood Floors
2 Bedrooms, Turtle Bay Rental in NYC for $3,000 - Photo 1 2 Bedrooms, Turtle Bay Rental in NYC for $3,000 - Photo 2
Posted 1 hour ago
360 E 50th St, Apt LAS 3A
Turtle Bay, Midtown East, Midtown Manhattan, Manhattan
$3,000 2 Bed 1 Bath
By Lamar Ali Shorter
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2 Bedrooms, Bedford-Stuyvesant Rental in NYC for $2,850 - Photo 1 2 Bedrooms, Bedford-Stuyvesant Rental in NYC for $2,850 - Photo 2
Posted 7 hours ago
790 Madison St, Apt 4L
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
Open House - Fri, Sep 20, 10:00am - 1:00pm
$2,850 2 Bed 1 Bath
Daniel Boni, Bedford-Stuyvesant Expert
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No Fee
 
Exclusive
  Laundry in Unit
2 Bedrooms, Upper East Side Rental in NYC for $2,725 - Photo 1 2 Bedrooms, Upper East Side Rental in NYC for $2,725 - Photo 2
Posted 1 hour ago
East 66th Street
Upper East Side, Upper Manhattan, Manhattan
$2,725 2 Bed 1 Bath
By Jennifer Ayala
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Pre-War
1 Bedroom, Upper East Side Rental in NYC for $2,395 - Photo 1 1 Bedroom, Upper East Side Rental in NYC for $2,395 - Photo 2
Posted 2 hours ago
East 79th Street
Upper East Side, Upper Manhattan, Manhattan
$2,395 1 Bed 1 Bath
By Marc Levasseur
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Pre-War · Hardwood Floors
Studio, Upper East Side Rental in NYC for $1,895 - Photo 1 Studio, Upper East Side Rental in NYC for $1,895 - Photo 2
Posted 2 hours ago
East 78th Street
Upper East Side, Upper Manhattan, Manhattan
$1,895 Studio 1 Bath
By Fred Pierre
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No Fee
  Laundry in Unit · Pre-War · Loft · Hardwood Floors
2 Bedrooms, Hell's Kitchen Rental in NYC for $2,597 - Photo 1 2 Bedrooms, Hell's Kitchen Rental in NYC for $2,597 - Photo 2
Posted 7 hours ago
530 West 50th Street, Apt 3B
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,597 2 Bed 1 Bath
Robert , Hell's Kitchen Expert
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Exclusive
  700 ft²
Studio, Upper East Side Rental in NYC for $2,025 - Photo 1 Studio, Upper East Side Rental in NYC for $2,025 - Photo 2
Posted 2 hours ago
East 90th Street
Upper East Side, Upper Manhattan, Manhattan
$2,025 Studio 1 Bath
By Danielle Parraud
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Pre-War · Hardwood Floors
Studio, Carnegie Hill Rental in NYC for $2,800 - Photo 1 Studio, Carnegie Hill Rental in NYC for $2,800 - Photo 2
Posted 10 hours ago
7 East 86th Street, Apt 7C
Carnegie Hill, Upper East Side, Upper Manhattan, Manhattan
$2,800 Studio 1 Bath
Charles Munroe, Upper East Side Expert
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580 ft² · Doorman · Elevator
Studio, Yorkville Rental in NYC for $1,895 - Photo 1 Studio, Yorkville Rental in NYC for $1,895 - Photo 2
Posted 2 hours ago
York Ave
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$1,895 Studio 1 Bath
By Christopher Bernard
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2 Bedrooms, Sutton Place Rental in NYC for $2,200 - Photo 1 2 Bedrooms, Sutton Place Rental in NYC for $2,200 - Photo 2
Posted 7 hours ago
1073 1st Ave, Apt 24
Sutton Place, Midtown East, Midtown Manhattan, Manhattan
$2,200 2 Bed 1 Bath
By Sammy Awad
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2 Bedrooms, Kensington Rental in NYC for $2,295 - Photo 1 2 Bedrooms, Kensington Rental in NYC for $2,295 - Photo 2
Posted 2 hours ago
Albemarle Road
Kensington, Central Brooklyn, Brooklyn
$2,295 2 Bed 1 Bath
By Jana Parker
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600 ft² · Elevator · Pre-War
1 Bedroom, Chelsea Rental in NYC for $2,800 - Photo 1 1 Bedroom, Chelsea Rental in NYC for $2,800 - Photo 2
Posted 1 hour ago
West 29th street
Chelsea, Midtown Manhattan, Manhattan
$2,800 1 Bed / Flex 2 1 Bath
By Reyna Herrera
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Studio, Elmhurst Rental in NYC for $1,725 - Photo 1 Studio, Elmhurst Rental in NYC for $1,725 - Photo 2
Posted 2 hours ago
Baxter Avenue
Elmhurst, Northwestern Queens, Queens
$1,725 Studio 1 Bath
By Bhenisha Bantawa
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1 Bedroom, Upper East Side Rental in NYC for $2,650 - Photo 1 1 Bedroom, Upper East Side Rental in NYC for $2,650 - Photo 2
Posted 2 hours ago
East 65th St
Upper East Side, Upper Manhattan, Manhattan
$2,650 1 Bed 1 Bath
By SACHIKO HONDA
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1 Bedroom, Upper East Side Rental in NYC for $2,350 - Photo 1 1 Bedroom, Upper East Side Rental in NYC for $2,350 - Photo 2
Posted 1 hour ago
East 66th Street
Upper East Side, Upper Manhattan, Manhattan
$2,350 1 Bed 1 Bath
By Pablo Amoros
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Pre-War
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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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