Apartments Under $500 in New York, NY

This month, the typical cost to rent a one-bedroom apartment in New York stands at $4,620, with the majority falling between $1,850 and $7,230. Out of the 3,694 one-bedroom apartments currently on the market in New York, 5 are priced below $500, accounting for 0% of the total available one-bedroom units in New York.

The chart above provides information on the number of available apartments under $500 in New York, NY and the surrounding cities for the month of August, 2026. The chart displays the number of affordable apartments in the cities near New York, including Rahway, Ramsey, Ridgefield Park, Ridgewood, Glen Rock, Roseland, Roselle Park, Hackensack, Rutherford, Secaucus, Hasbrouck Heights, Hawthorne, South Plainfield, Hillsdale, Hoboken, Summit, Jersey City, Tenafly, Kearny, Lincoln Park, Allendale, Waldwick, Atlantic Highlands, Watchung, Bayonne, Madison, West Paterson, Westfield, Boonton, Woodcliff Lake, Wood-Ridge, Butler, Montvale, Caldwell, Carteret, Mountain Lakes, New Providence, Newark, Closter, North Plainfield, Oakland, Old Tappan, East Orange, Passaic, Paterson, Elizabeth, Englewood, Perth Amboy, Fair Haven, Fair Lawn, Plainfield, Fanwood, Florham Park, Fort Lee, Scarsdale, White Plains, Lawrence, Cedarhurst, Nyack, Freeport, Garden City, Yonkers, Glen Cove, Long Beach, Great Neck, Great Neck Plaza, Ardsley, Malverne, Pelham, Mamaroneck, Pelham Manor, Spring Valley, Massapequa Park, Suffern, Harrison, Hastings-on-Hudson, Hempstead, Tuckahoe, Dobbs Ferry, Hillburn, East Hills, Mount Vernon, East Rockaway, East Williston, Bronxville, Village of Irvington, Rockville Centre, New Hyde Park, New Rochelle, Elmsford, Saddle Rock, Sands Point, Westbury, Flower Hill, Larchmont, Montclair, Cedar Grove, Maplewood, Morristown, Woodbridge, Denville, Belleville, Iselin, Lodi, North Bergen, Elmwood Park, Irvington, Union, Levittown, North Bellmore, Edison, Valley Stream, Hicksville, Keansburg, Hanover, Clifton, Cliffwood, Seaford, Fords, East Meadow, Sleepy Hollow, Parsippany, Middlesex, Metuchen, Bergenfield, Pompton Plains, Wayne, Brookville, Brooklyn, Queens, The Bronx, Manhattan, Staten Island, Edgewater, Bloomfield, Bogota, Weehawken, Harrison, Union City, South Orange, Westwood, Tarrytown, Linden, Teaneck, Verona, Nutley, Matawan, Cranford, Franklin Lakes, Cliffside Park, Woodbridge Township, and Palisades Park. In total, the metro area has a 34 inventory of apartments that are priced below $500, offering prospective renters a range of budget-friendly options in this vibrant and bustling area.

City	Apartments Under $500 in August	M/M % Change
New York, NY	13	+1.11%
East Orange, NJ	6	+1.41%
Brooklyn, NY	5	+0.77%
Jersey City, NJ	4	+0.91%
Yonkers, NY	2	+1.0%
Elizabeth, NJ	2	+0.67%
Newark, NJ	2	+0.87%
Manhattan, NY	1	+0.83%
Atlantic Highlands, NJ	1	+1.0%
Woodcliff Lake, NJ	1	+1.0%

Available apartments under $500	47
Top amenities	Fitness Center, Dishwasher, Range / Oven, Microwave, Stainless Steel Appliances
Pet friendly	1
Studio	3
1 Bedroom	6
2 Bedroom	5