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Posted 1 min ago
99 Hall St
Clinton Hill, Northwestern Brooklyn, Brooklyn
$3,000 3 Bed 1 Bath
By Maksym Druzhynskyi
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Posted < 1 minute ago
East 95th Street
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$3,000 2 Bed 1 Bath
Abraham Zaydan, Upper East Side Expert
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No Fee
  Doorman · Elevator · Hardwood Floors
Posted 52 mins ago
43 Underhill Avenue, Apt A1
Prospect Heights, Northwestern Brooklyn, Brooklyn
$3,000 2 Bed 1 Bath
By Linda Virtue
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No Fee
  800 ft²
Posted 2 hours ago
St Nicholas Ave
Washington Heights, Upper Manhattan, Manhattan
$3,000 3 Bed 1 Bath
By Zahra Jami-Andre
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Elevator
Posted 27 mins ago
112 Manhattan Ave, Apt 4F
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
$3,000 2 Bed 1 Bath
By Shakeria Francis
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No Fee
 
Posted 7 mins ago
Saint Nicholas Avenue
Washington Heights, Upper Manhattan, Manhattan
$3,000 3 Bed 1 Bath
By Tiffany Linton
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Elevator
Posted 2 hours ago
East Village
Bowery, Downtown Manhattan, Manhattan
$3,000 1 Bed 1 Bath
By Julia Chin
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Elevator · Pre-War
Posted 1 hour ago
54 Noll St, Apt 555
Bushwick, Northern Brooklyn, Brooklyn
$3,000 1 Bed / Flex 2 1 Bath
By Robert Bateman
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No Fee
 
Exclusive
  615 ft² · Doorman · Elevator · Laundry in Unit
Posted 1 hour ago
1032 Dekalb Ave, Apt 3F
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$3,000 3 Bed 1 Bath
By Keith Dunn
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No Fee
  Hardwood Floors
Posted 31 mins ago
Underhill Avenue, between Dean...
Prospect Heights, Northwestern Brooklyn, Brooklyn
$3,000 2 Bed 1 Bath
By Kat Jennings
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No Fee
 
Posted 1 hour ago
East 44th Street
Turtle Bay, Midtown East, Midtown Manhattan, Manhattan
$3,000 Studio 1 Bath
By Cooper and Cooper
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Doorman · Elevator
Posted 4 hours ago
West 54th Street
Theater District, Midtown Manhattan, Manhattan
$3,000 Studio 1 Bath
By Alan Haddad
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No Fee
  556 ft² · Doorman · Elevator · Hardwood Floors
Posted 2 hours ago
West End Ave.
Upper West Side, Upper Manhattan, Manhattan
$3,000 1 Bed 1 Bath
By Sergio Seche
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Doorman · Elevator · Pre-War · Hardwood Floors
Posted 44 mins ago
34–19 31 St, Apt 2
Astoria, Northwestern Queens, Queens
$3,000 3 Bed 2 Bath
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Exclusive
  1,000 ft²
Posted 1 hour ago
West 11 Street
Greenwich Village, Downtown Manhattan, Manhattan
$3,000 1 Bed 1 Bath
By Francisco Holguin
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Pre-War · Hardwood Floors
Posted 1 hour ago
E 30th St
NoMad, Midtown Manhattan, Manhattan
$3,000 2 Bed 1 Bath
By William Kammerer
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Posted 1 hour ago
10th st and 2nd ave
East Village, Downtown Manhattan, Manhattan
$3,000 Studio 1 Bath
By Gerald Torregosa
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No Fee
  Doorman · Elevator
Posted 2 hours ago
75 Ralph Ave, Apt 2D
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$3,000 3 Bed 1 Bath
Eliran Avisror, Bedford-Stuyvesant Expert
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No Fee
 
Exclusive
 
By Owner
  900 ft² · Elevator
Posted 23 hours ago
627 E 6th Street, Apt 2
Alphabet City, East Village, Downtown Manhattan, Manhattan
$3,000 1 Bed / Flex 2 1 Bath
By Christa Lawrence
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Exclusive
 
Posted 2 hours ago
390 East 52nd Street, Apt 1
East Flatbush, Central Brooklyn, Brooklyn
$3,000 3 Bed 1 Bath
By Jana Parker
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By Owner
  1 ft² · Furnished
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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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