1141 Cheap Apartments for rent in New York, NY

Last updated September 26 at 9:34AM
876 Greene Avenue
Bedford-Stuyvesant
New York, NY
Updated September 14 at 11:52PM
3 Bedrooms
$1,900
141-40 84th Dr
Briarwood
New York, NY
Updated September 26 at 1:20AM
1 Bedroom
$1,795
650 Chauncey Street
Bushwick
New York, NY
Updated September 26 at 9:34AM
1 Bedroom
$1,975
1040 Bushwick Avenue
Bushwick
New York, NY
Updated September 14 at 11:55PM
2 Bedrooms
$2,000
746 Macon Street
Bedford-Stuyvesant
New York, NY
Updated September 15 at 12:05AM
1 Bedroom
$2,075
160 W 84th St
Upper West Side
New York, NY
Updated September 26 at 3:23AM
Studio
$1,895
5639 Netherland Avenue
North Riverdale
New York, NY
Updated September 22 at 2:48AM
2 Bedrooms
$1,950
245 East 62nd Street
Upper East Side
New York, NY
Updated September 15 at 12:03AM
Studio
$1,975
1408 70th St
Bensonhurst
New York, NY
Updated September 26 at 3:22AM
1 Bedroom
$1,650
147-06 Edgewood Street
Rosedale
New York, NY
Updated September 14 at 11:53PM
1 Bedroom
$1,500
2214 64th St
Mapleton
New York, NY
Updated September 26 at 1:40AM
1 Bedroom
$1,650
300 North 8th Street
Williamsburg
New York, NY
Updated September 15 at 12:01AM
Studio
$1,699
269 W 146th St
Harlem
New York, NY
Updated September 26 at 5:27AM
1 Bedroom
$1,700
705 Flatbush Ave, 2R
Flatbush
New York, NY
Updated September 15 at 12:06AM
Studio
$1,599
518 MONROE STREEET
Bedford-Stuyvesant
New York, NY
Updated September 21 at 7:10PM
Studio
$1,260
463 DEKALB AVENUE, 3
Bedford-Stuyvesant
New York, NY
Updated September 24 at 10:18AM
1 Bedroom
$1,899
188-28 Jamaica Ave
Hollis
New York, NY
Updated September 14 at 11:58PM
Studio
$1,800
679 Greene Avenue
Bedford-Stuyvesant
New York, NY
Updated September 24 at 5:26PM
1 Bedroom
$2,000
680 E 235th St
Wakefield
New York, NY
Updated September 26 at 3:24AM
1 Bedroom
$1,450
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Rent Report
New York

September 2017 New York Rent Report

Welcome to the September 2017 New York Rent Report. In this report, we'll evaluate trends in the New York rental market, including comparisons to similar cities nationwide.

New York rents increased moderately over the past month

New York rents have increased 0.3% over the past month, and are up slightly by 1.1% in comparison to the same time last year. Currently, median rents in New York stand at $2,090 for a one-bedroom apartment and $2,490 for a two-bedroom. This is the fifth straight month that the city has seen rent increases after a decline in March. New York's year-over-year rent growth lags the state average of 1.9%, as well as the national average of 3.0%.

Similar cities nationwide show more affordable rents compared to New York

Rent growth in New York has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Compared to most similar cities across the country, New York is less affordable for renters.

  • Other cities across the state have seen rents increase, with New York as a whole logging rent growth of 1.9% over the past year.
  • New York's median two-bedroom rent of $2,490 is above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 1.1% increase in New York.
  • While rents in New York remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Los Angeles (+5.0%), and Rochester (+3.8%); note that median 2BR rents in these cities go for $1,710, $1,740, and $940 respectively.
  • Renters will generally find more expensive prices in New York than most comparable cities. For example, Buffalo has a median 2BR rent of $870, where New York is more than two-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
New York $2,090 $2,490 0.3% 1.1%
Newark $1,160 $1,390 -0.8% 0.4%
Jersey City $1,590 $1,890 -0.5% 1.7%
White Plains $1,770 $2,110 -0.5% -3.7%
Hoboken $2,180 $2,590 -0.2% 0.7%
West New York $1,230 $1,460 0.1% 4.7%
Hackensack $1,460 $1,740 1.1% 4.5%

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.