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Cheap Apartments for Rent

Home  »  New York, NY  »  Cheap Apartments
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2 Bedrooms, East Village Rental in NYC for $3,000 - Photo 1
Score: 97.1
First ave
East Village, Downtown Manhattan, Manhattan
$3,000
|
2 Bed
|
1 Bath
By Eleonora (Elle) Nikolova
Featured
No Fee
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2 Bedrooms, East Village Rental in NYC for $3,000 - Photo 1
3 hours ago  |  Score: 97.1
First ave
East Village, Downtown Manhattan, Manhattan
$3,000
|
2 Bed
|
1 Bath
By Eleonora (Elle) Nikolova
Featured
No Fee
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2 Bedrooms, Gramercy Park Rental in NYC for $3,000 - Photo 1
4 hours ago  |  Score: 96.2
East 16st
Gramercy Park, Midtown Manhattan, Manhattan
$3,000
|
2 Bed
|
1 Bath
By Marin Daskalov, Gramercy Park Expert
Featured
No Fee
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3 Bedrooms, Astoria Rental in NYC for $3,000 - Photo 1
5 hours ago  |  Score: 99.5
25-52 33rd Street, Apt 3F
Astoria, Northwestern Queens, Queens
$3,000
|
3 Bed
|
2 Bath
By Don Abbott, Astoria Expert
Featured
No Fee
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2 Bedrooms, Ridgewood Rental in NYC for $3,000 - Photo 1
10 hours ago  |  Score: 95.6
61-50 Linden Street, Apt 1
Ridgewood, Northwestern Queens, Queens
$3,000
|
2 Bed
|
1 Bath
By Belinda Cruz
Featured
Video Tour
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2 Bedrooms, East Village Rental in NYC for $3,000 - Photo 1
3 hours ago  |  Score: 95.4
East Village, Downtown Manhattan, Manhattan
$3,000
|
2 Bed
|
1 Bath
By Eleonora (Elle) Nikolova
Featured
No Fee
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4 Bedrooms, Bushwick Rental in NYC for $3,000 - Photo 1
11 hours ago  |  Score: 95.4
1277 Jefferson Avenue, Apt 2
Bushwick, Northern Brooklyn, Brooklyn
$3,000
|
4 Bed
|
1.5 Bath
By Ariel Lopez
Featured
No Fee
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2 Bedrooms, East Village Rental in NYC for $3,000 - Photo 1
6 hours ago  |  Score: 95.0
E 14st
East Village, Downtown Manhattan, Manhattan
$3,000
|
2 Bed
|
1 Bath
By Marin Daskalov, East Village Expert
Featured
No Fee
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2 Bedrooms, East Village Rental in NYC for $3,000 - Photo 1
4 hours ago  |  Score: 94.9
East 16th street
East Village, Downtown Manhattan, Manhattan
$3,000
|
2 Bed
|
1 Bath
By Evelina Palankerina, East Village Expert
Featured
No Fee
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2 Bedrooms, Hell's Kitchen Rental in NYC for $3,000 - Photo 1
1 hour ago  |  Score: 94.9
885 10th Avenue
Hell's Kitchen, Midtown Manhattan, Manhattan
$3,000
|
2 Bed
|
1 Bath
By Said Bennani
No Fee
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2 Bedrooms, Gramercy Park Rental in NYC for $3,000 - Photo 1
4 hours ago  |  Score: 94.4
East 14th Street
Gramercy Park, Midtown Manhattan, Manhattan
$3,000
|
2 Bed
|
1 Bath
By Evelina Palankerina
Featured
No Fee
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3 Bedrooms, Bedford-Stuyvesant Rental in NYC for $3,000 - Photo 1
4 hours ago  |  Score: 93.6
568 Lafayette Avenue, Apt 2B
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$3,000
|
3 Bed
|
2 Bath
By Geoffrey Garcia
No Fee
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1 Bedroom, Midtown East Rental in NYC for $3,000 - Photo 1
13 hours ago  |  Score: 93.2
East 58th Street
Midtown East, Midtown Manhattan, Manhattan
$3,000
|
1 Bed
|
1 Bath
By David Menashe
Featured
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1 Bedroom, Financial District Rental in NYC for $3,000 - Photo 1
12 hours ago  |  Score: 93.0
Water Street
Financial District, Downtown Manhattan, Manhattan
$3,000
|
1 Bed / Flex 2
|
1 Bath
By Ashini Mehta, Financial District Expert
Featured
No Fee
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1 Bedroom, Murray Hill Rental in NYC for $3,000 - Photo 1
6 hours ago  |  Score: 92.9
401 E 34th St, Apt N10P
Murray Hill, Midtown Manhattan, Manhattan
$3,000
|
1 Bed
|
1 Bath
By View 34
No Fee
By Owner
Video Tour
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4 Bedrooms, Bushwick Rental in NYC for $3,000 - Photo 1
5 hours ago  |  Score: 92.7
Copy of Copy of 1277 Jefferson...
Bushwick, Northern Brooklyn, Brooklyn
$3,000
|
4 Bed
|
1.5 Bath
By Ariel Lopez
Featured
No Fee
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1 Bedroom, Financial District Rental in NYC for $3,000 - Photo 1
14 hours ago  |  Score: 92.4
Spruce Street
Financial District, Downtown Manhattan, Manhattan
$3,000
|
1 Bed / Flex 2
|
1 Bath
By Ashini Mehta, Financial District Expert
Featured
No Fee
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3 Bedrooms, Lower East Side Rental in NYC for $3,000 - Photo 1
11 hours ago  |  Score: 92.3
252 Broome Street, Apt 12
Lower East Side, Downtown Manhattan, Manhattan
$3,000
|
3 Bed
|
1 Bath
By Maryam Nazari
No Fee
Video Tour
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1 Bedroom, Financial District Rental in NYC for $3,000 - Photo 1
14 hours ago  |  Score: 92.2
Cliff st
Financial District, Downtown Manhattan, Manhattan
$3,000
|
1 Bed / Flex 3
|
1 Bath
By Carlos G Frias
Featured
No Fee
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1 Bedroom, Upper West Side Rental in NYC for $3,000 - Photo 1
5 hours ago  |  Score: 92.2
139 West 82nd St, Apt 1B
Upper West Side, Upper Manhattan, Manhattan
$3,000
|
1 Bed
|
1 Bath
By John A Herbst
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2 Bedrooms, Gramercy Park Rental in NYC for $3,000 - Photo 1
15 hours ago  |  Score: 92.2
E 15 street
Gramercy Park, Midtown Manhattan, Manhattan
$3,000
|
2 Bed
|
1 Bath
By Orhan Chapkanov, Gramercy Park Expert
Featured
No Fee
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2 Bedrooms, East Village Rental in NYC for $3,000 - Photo 1
Score: 95.4
East Village, Downtown Manhattan, Manhattan
$3,000
|
2 Bed
|
1 Bath
By Eleonora (Elle) Nikolova
Featured
No Fee
Check Availability
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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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