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Posted 6 mins ago
E 3rd St.
Bowery, Downtown Manhattan, Manhattan
$2,400 Studio 1 Bath
By Keith Williams
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No Fee
 
Posted 38 mins ago
102-14 Lewis Ave, Apt 1G
South Corona, Corona, Northwestern Queens, Queens
$2,295 2 Bed 1 Bath
By Najib Meleschi
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No Fee
 
Exclusive
  Elevator
Posted 23 mins ago
West 30th Street
Chelsea, Midtown Manhattan, Manhattan
$2,500 Studio 1 Bath
By Soren Murray
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Elevator
Posted 12 mins ago
E 81ST
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$1,950 1 Bed 1 Bath
By Giovanni Nunez
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600 ft²
Posted 1 hour ago
532 West 50th Street 1a Rear, ...
Hell's Kitchen, Midtown Manhattan, Manhattan
$1,798 Studio 1 Bath
Robert A. Brooks, Hell's Kitchen Expert
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Exclusive
  320 ft² · Pre-War
Posted 2 hours ago
522 West 147th St, Apt 24
Hamilton Heights, West Harlem, Upper Manhattan, Manhattan
$2,750 3 Bed 1 Bath
By Zahra Jami-Andre
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Posted 4 mins ago
330 East 63rd St
Lincoln Square, Upper West Side, Upper Manhattan, Manhattan
$2,650 1 Bed 1 Bath
By Nicole Sobol
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Exclusive
  Doorman · Elevator
Posted 2 hours ago
178-02 Hillside Avenue, Apt 51...
Jamaica, Southeastern Queens, Queens
Open House - Tue, Jul 23, 3:00pm - 7:30pm
$1,875 Studio 1 Bath
By Jose Cisneros
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No Fee
 
Exclusive
 
By Owner
  477 ft² · Doorman · Elevator
Posted 1 hour ago
718 E 217th St, Apt 4F
Williamsbridge, East Bronx, Bronx
$1,900 2 Bed 1 Bath
By Karolina Nevia
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No Fee
 
Exclusive
  700 ft²
Posted 1 hour ago
East 78th Street
Upper East Side, Upper Manhattan, Manhattan
$1,995 Studio 1 Bath
By Alessandro Delmonaco
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Pre-War · Hardwood Floors
Posted 57 mins ago
East 38th Street
Murray Hill, Midtown Manhattan, Manhattan
$2,850 1 Bed 1 Bath
By Nina Fox
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Doorman · Elevator · Pre-War · Hardwood Floors
Posted 52 mins ago
East 16th St
Flatbush, Central Brooklyn, Brooklyn
$1,925 2 Bed 1 Bath
By Jamila Khan
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Posted 2 hours ago
38 Market St, Apt 4R
Two Bridges, Downtown Manhattan, Manhattan
$2,745 1 Bed 1 Bath
By jeffry
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Exclusive
  800 ft²
Posted 1 hour ago
23-56 Steinway Street, Apt 2
Astoria, Northwestern Queens, Queens
$2,050 1 Bed 1 Bath
Theodosis Neocli, Astoria Expert
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Exclusive
  700 ft²
Posted 2 hours ago
333 East 54th St, Apt 3B
Sutton Place, Midtown East, Midtown Manhattan, Manhattan
$2,295 Studio 1 Bath
By Jay Siller
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Elevator
Posted 8 mins ago
191 Stanhope St
Bushwick, Northern Brooklyn, Brooklyn
$2,200 1 Bed / Flex 2 1 Bath
Sarah Galdes, Bushwick Expert
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No Fee
 
Posted 16 mins ago
1063 Bedford Ave, Apt 3B
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,750 2 Bed 1 Bath
Shakeria Francis, Bedford-Stuyvesant Expert
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No Fee
 
Exclusive
  Laundry in Unit
Posted 20 mins ago
1521 West 7th Street, Apt 3
Bensonhurst, Southwestern Brooklyn, Brooklyn
$2,300 3 Bed 1 Bath
Monjurul Haque, Bensonhurst Expert
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Exclusive
  1,200 ft² · Hardwood Floors
Posted 42 mins ago
East 17th Street
Gramercy Park, Midtown Manhattan, Manhattan
$2,680 Studio 1 Bath
By Sandra Dor
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Elevator · Loft · Hardwood Floors
Posted 59 mins ago
East 19th street
Flatbush, Central Brooklyn, Brooklyn
$1,850 Studio 1 Bath
By Stacy Jenkins
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Elevator
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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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