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Cheap Apartments for Rent

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3 Bedrooms, Bedford-Stuyvesant Rental in NYC for $2,383 - Photo 1 3 Bedrooms, Bedford-Stuyvesant Rental in NYC for $2,383 - Photo 2
Last 30 min
879 Dekalb Ave, Apt 2
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,383 3 Bed 1 Bath
Josh, Bedford-Stuyvesant Expert
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No Fee
  Laundry in Unit
Studio, Upper West Side Rental in NYC for $2,375 - Photo 1 Studio, Upper West Side Rental in NYC for $2,375 - Photo 2
Last 30 min
250 West 105 Street, Apt 2A
Upper West Side, Upper Manhattan, Manhattan
$2,375 Studio 1 Bath
By Jermaine Johns
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Elevator
1 Bedroom, Yorkville Rental in NYC for $2,325 - Photo 1 1 Bedroom, Yorkville Rental in NYC for $2,325 - Photo 2
Last 30 min
E 89th Street
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,325 1 Bed 1 Bath
Paul Schermerhorn, Upper East Side Expert
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Hardwood Floors
1 Bedroom, Upper East Side Rental in NYC for $2,495 - Photo 1 1 Bedroom, Upper East Side Rental in NYC for $2,495 - Photo 2
Last hour
E 78th Street
Upper East Side, Upper Manhattan, Manhattan
$2,495 1 Bed 1 Bath
Paul Schermerhorn, Upper East Side Expert
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Hardwood Floors
1 Bedroom, Sheepshead Bay Rental in NYC for $1,700 - Photo 1 1 Bedroom, Sheepshead Bay Rental in NYC for $1,700 - Photo 2
Last 30 min
Kings Hgwy/E 13th
Sheepshead Bay, Southern Brooklyn, Brooklyn
$1,700 1 Bed 1 Bath
By Liena Stebere
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Elevator
1 Bedroom, Flatbush Rental in NYC for $1,775 - Photo 1 1 Bedroom, Flatbush Rental in NYC for $1,775 - Photo 2
Last 30 min
Dorchester Rd/Flatbush
Flatbush, Central Brooklyn, Brooklyn
$1,775 1 Bed 1 Bath
By Liena Stebere
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Elevator
3 Bedrooms, Bedford-Stuyvesant Rental in NYC for $2,658 - Photo 1 3 Bedrooms, Bedford-Stuyvesant Rental in NYC for $2,658 - Photo 2
Last hour
45 Kingston
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,658 3 Bed 1 Bath
Josh, Bedford-Stuyvesant Expert
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No Fee
 
Studio, Long Island City Rental in NYC for $2,529 - Photo 1 Studio, Long Island City Rental in NYC for $2,529 - Photo 2
Last hour
Queens St
Long Island City, Northwestern Queens, Queens
$2,529 Studio 1 Bath
Gooktae Jason Kim, Long Island City Expert
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No Fee
  Doorman · Elevator · Laundry in Unit · Hardwood Floors
Studio, Long Island City Rental in NYC for $2,585 - Photo 1 Studio, Long Island City Rental in NYC for $2,585 - Photo 2
Last hour
Crescent St
Long Island City, Northwestern Queens, Queens
$2,585 Studio / Flex 1 1 Bath
Jason Kim, Long Island City Expert
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No Fee
  Doorman · Elevator · Laundry in Unit
Studio, Yorkville Rental in NYC for $1,875 - Photo 1 Studio, Yorkville Rental in NYC for $1,875 - Photo 2
1 hour ago
E 90th Street
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$1,875 Studio 1 Bath
By Miriam Antenor
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1 Bedroom, Financial District Rental in NYC for $3,000 - Photo 1 1 Bedroom, Financial District Rental in NYC for $3,000 - Photo 2
Last hour
Financial District, Downtown M...
Financial District, Downtown Manhattan, Manhattan
$3,000 1 Bed / Flex 3 1 Bath
Marco Bianchi, Financial District Expert
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No Fee
  Doorman · Elevator
1 Bedroom, Financial District Rental in NYC for $2,600 - Photo 1 1 Bedroom, Financial District Rental in NYC for $2,600 - Photo 2
Last hour
Financial District, Downtown M...
Financial District, Downtown Manhattan, Manhattan
$2,600 1 Bed / Flex 2 1 Bath
Marco Bianchi, Financial District Expert
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No Fee
  Doorman · Elevator
Studio, Financial District Rental in NYC for $2,750 - Photo 1 Studio, Financial District Rental in NYC for $2,750 - Photo 2
Last 30 min
William Street
Financial District, Downtown Manhattan, Manhattan
$2,750 Studio 1 Bath
Melissa Kirby, Financial District Expert
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No Fee
  Doorman · Elevator
1 Bedroom, Fort George Rental in NYC for $1,850 - Photo 1 1 Bedroom, Fort George Rental in NYC for $1,850 - Photo 2
1 hour ago
Sickles Street
Fort George, Washington Heights, Upper Manhattan, Manhattan
$1,850 1 Bed 1 Bath
By Miriam Antenor
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No Fee
  Pre-War
Studio, Chelsea Rental in NYC for $2,800 - Photo 1 Studio, Chelsea Rental in NYC for $2,800 - Photo 2
1 hour ago
West 33rd Street
Chelsea, Midtown Manhattan, Manhattan
$2,800 Studio 1 Bath
By Minara Lama
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No Fee
  450 ft² · Doorman · Elevator
Studio, Financial District Rental in NYC for $2,796 - Photo 1 Studio, Financial District Rental in NYC for $2,796 - Photo 2
Last hour
20 Broad Street, Apt 1310
Financial District, Downtown Manhattan, Manhattan
$2,796 Studio 1 Bath
Katya Hrabianiuk, Financial District Expert
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No Fee
 
Exclusive
  Doorman · Elevator · Laundry in Unit
Studio, Hell's Kitchen Rental in NYC for $2,900 - Photo 1 Studio, Hell's Kitchen Rental in NYC for $2,900 - Photo 2
1 hour ago
West 37th Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,900 Studio 1 Bath
By Minara Lama
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No Fee
  500 ft² · Doorman · Elevator
Studio, East Village Rental in NYC for $2,400 - Photo 1 Studio, East Village Rental in NYC for $2,400 - Photo 2
Last 30 min
Saint Marks Place
East Village, Downtown Manhattan, Manhattan
$2,400 Studio 1 Bath
By Austin Roque
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Doorman · Hardwood Floors
1 Bedroom, East Harlem Rental in NYC for $1,995 - Photo 1 1 Bedroom, East Harlem Rental in NYC for $1,995 - Photo 2
1 hour ago
291 Pleasant Avenue, Apt 4C
East Harlem, Upper Manhattan, Manhattan
$1,995 1 Bed 1 Bath
By George Falero
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Exclusive
  650 ft² · Laundry in Unit
2 Bedrooms, East Harlem Rental in NYC for $2,450 - Photo 1 2 Bedrooms, East Harlem Rental in NYC for $2,450 - Photo 2
1 hour ago
238 East 116th Street, Apt 17
East Harlem, Upper Manhattan, Manhattan
$2,450 2 Bed 1 Bath
By George Falero
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Exclusive
  800 ft² · Laundry in Unit
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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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