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Cheapest Neighborhoods In New York, NY For Renters

If you’re searching for a new place to live in New York, rent prices are probably one of the most important factors in your decision. Apartment rental prices in New York neighborhoods have continued to increase over the years. Luckily, even in 2024, there are some New York neighborhoods that do offer budget friendly, affordable rental rates. The list of the cheapest neighborhoods in New York for renters is sorted by lowest median rental rates compared to the New York average.

Population 23,582
-71%
Median Rent $438 / month
71% less expensive than New York
Population 9,989
-67%
Median Rent $486 / month
67% less expensive than New York
Population 3,871
-60%
Median Rent $600 / month
60% less expensive than New York
Population 119,512
-48%
Median Rent $774 / month
48% less expensive than New York
Population 34,729
-44%
Median Rent $828 / month
44% less expensive than New York
Population 15,609
-43%
Median Rent $845 / month
43% less expensive than New York
Population 10,884
-35%
Median Rent $964 / month
35% less expensive than New York
Population 82,321
-35%
Median Rent $970 / month
35% less expensive than New York
Population 39,750
-32%
Median Rent $1,010 / month
32% less expensive than New York
Population 51,253
-32%
Median Rent $1,018 / month
32% less expensive than New York
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