1043 Cheap Apartments for rent in New York, NY

Last updated January 17 at 2:07am UTC
78 Hawthorne St
Flatbush
New York, NY
Updated January 3 at 11:18am UTC
1 Bedroom
$1,799
664 Decatur Street
Ocean Hill
New York, NY
Updated January 17 at 1:37am UTC
1 Bedroom
$1,800
394 East 8th Street
East Village
New York, NY
Updated January 3 at 11:36am UTC
Studio
$1,995
414 E 34th St
East Flatbush
New York, NY
Updated January 3 at 11:18am UTC
Studio
$1,399
21 Van Buren Street, 2
Bedford-Stuyvesant
New York, NY
Updated January 3 at 11:34am UTC
1 Bedroom
$1,700
1598 3rd Ave
Upper East Side
New York, NY
Updated January 17 at 1:21am UTC
Studio
$1,750
227 Eldert Street
Bushwick
New York, NY
Updated January 3 at 11:37am UTC
2 Bedrooms
$1,900
508 W 136th St
Hamilton Heights
New York, NY
Updated September 15 at 12:04am UTC
2 Bedrooms
$1,850
10124 Astoria Blvd
East Elmhurst
New York, NY
Updated January 3 at 11:20am UTC
1 Bedroom
$1,450
413A Halsey St
Bedford-Stuyvesant
New York, NY
Updated January 17 at 1:20am UTC
2 Bedrooms
$1,800
447 83rd St
Bay Ridge
New York, NY
Updated January 17 at 1:20am UTC
2 Bedrooms
$1,800
124 Boerum St
Williamsburg
New York, NY
Updated January 16 at 1:47am UTC
2 Bedrooms
$1,999
235 Brighton Street
Tottenville
New York, NY
Updated January 3 at 11:37am UTC
1 Bedroom
$1,100
2409 Tilden Ave
Flatbush
New York, NY
Updated January 17 at 1:20am UTC
2 Bedrooms
$1,900
31-82 31st St
Astoria
New York, NY
Updated January 17 at 1:20am UTC
1 Bedroom
$1,950
217 East 89th Street
Upper East Side
New York, NY
Updated January 17 at 1:40am UTC
Studio
$1,890
1660 St Johns Pl
Crown Heights
New York, NY
Updated January 14 at 1:51am UTC
2 Bedrooms
$1,850
454 E 134th St
New York
New York, NY
Updated January 3 at 1:52am UTC
Studio
$1,250
1337 Nostrand Ave
Flatbush
New York, NY
Updated January 17 at 2:07am UTC
1 Bedroom
$1,400
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January 2018 New York Rent Report

Welcome to the January 2018 New York Rent Report. New York rents declined over the past month. In this report, we'll evaluate trends in the New York rental market, including comparisons to cities throughout the state and nation.

View full New York Rent Report
Rent Report
New York

January 2018 New York Rent Report

Welcome to the January 2018 New York Rent Report. New York rents declined over the past month. In this report, we'll evaluate trends in the New York rental market, including comparisons to cities throughout the state and nation.

New York rents declined slightly over the past month

New York rents have declined 0.2% over the past month, but have been relatively flat at 0.1% in comparison to the same time last year. Currently, median rents in New York stand at $2,070 for a one-bedroom apartment and $2,470 for a two-bedroom. This is the fourth straight month that the city has seen rent decreases after an increase in August. New York's year-over-year rent growth lags the state average of 1.1%, as well as the national average of 2.8%.

Rents rising across cities in New York

Throughout the past year, rents have remained steady in the city of New York, but other cities across the entire state have seen rents increase. Of the largest 10 cities that we have data for in New York, all of them have seen prices rise. The state as a whole logged rent growth of 1.1% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Hoboken is the most expensive of all New York's major cities, with a median two-bedroom rent of $2,560; of the 10 largest New York cities that we have data for, all have seen rents rise year-over-year, with Union City experiencing the fastest growth (+6.6%).
  • Newark, West New York, and Rochester have all experienced year-over-year growth above the state average (3.2%, 3.1%, and 3.0%, respectively).

Other large 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 other large cities across the country, New York is less affordable for renters.

  • New York's median two-bedroom rent of $2,470 is above the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the stagnant growth in New York.
  • While rents in New York remained moderately stable this year, similar cities saw increases, including Los Angeles (+5.4%), Seattle (+3.0%), and Houston (+2.5%); note that median 2BR rents in these cities go for $1,750, $1,640, and $1,030 respectively.
  • Renters will generally find more expensive prices in New York than most similar cities. For example, Houston has a median 2BR rent of $1,030, where New York is nearly 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 $2,070 $2,470 -0.2% 0.1%
Newark $1,200 $1,430 1.2% 3.2%
Jersey City $1,570 $1,870 0.0% 0.7%
Union City $1,360 $1,620 -0.5% 6.6%
White Plains $1,770 $2,100 -2.6% 0.7%
Hoboken $2,150 $2,560 -0.5% 0.4%
West New York $1,220 $1,460 -0.0% 3.1%
Hackensack $1,450 $1,730 -0.1% 2.5%

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.