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40 East 52Nd Street ,new York
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Soho Lofts
(609) 293-2339
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RiverTrace at Port Imperial
(551) 291-2398
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Avalon Willoughby Square
(718) 643-6464
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Avalon Morningside Park
(212) 316-0529
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Avalon North Bergen
(201) 330-9800
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Avalon Midtown West
(212) 245-5050
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170 Amsterdam
(646) 989-8426
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The Brooklyner
(929) 252-9994
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Liberty Towers
(551) 296-5935
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Haus25
(551) 285-0370
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Avalon Bowery Place
(212) 387-7720
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Avalon Cove
(201) 216-9200
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AVA Fort Greene
(718) 596-3143
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Avalon Hoboken
(201) 798-5058
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Avalon at Edgewater
(201) 941-2600
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AVA DoBro
(718) 643-1581
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The BLVD Collection
(551) 296-7093
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Avalon Brooklyn Bay
(718) 891-2937
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Avalon Clinton
(212) 957-8200
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Avalon Riverview
(718) 937-1390
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77 Park Avenue
(201) 942-5623
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Parc East
(646) 989-8719
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70 Greene
(201) 942-5820
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RiverHouse 9 at Port Imperial
(973) 756-3190
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RiverHouse 11 at Port Imperial
(973) 834-8718
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Avalon West Chelsea
(212) 564-2813
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AVA High Line
(212) 239-1323
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303 East 83rd
(646) 989-8480
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Beatrice
(646) 989-8582
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Mantena
(646) 989-8642
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Apartments Under $500 in New York, NY

1 of 1 Result
3
$180
40 East 52Nd Street ,new York
New York, NY
2 BR | Ask for Availability
Air Conditioning
Midtown-Midtown South
1 - 1 of 1 Results
Apartments in New York, NY
1 of 3,456 Results
61
3D Tour
$3,293 - 12,862
Soho Lofts
5.0
273 16Th St Jersey City, NJ
Studio - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Covered Parking
In Unit Laundry
26
3D Tour
$2,982 - 10,920
RiverTrace at Port Imperial
Deal
5.0
11 Ave at Port Imperial West New York, NJ
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
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Air Conditioning
Covered Parking
39
$3,326 - 6,277
Avalon Willoughby Square
Deal
5.0
214 Duffield St Brooklyn, NY
Studio - 2 BR | Available Now
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Dishwasher
DUMBO-Vinegar Hill-Downtown Brooklyn-Boerum Hill
35
$4,034 - 7,595
Avalon Morningside Park
Deal
5.0
1 Morningside Drive New York, NY
Studio - 3 BR | Available Now
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Dishwasher
22
$2,121 - 2,430
Avalon North Bergen
Deal
5.0
5665 Kennedy Blvd., Ste 1 North Bergen, NJ
Studio - 1 BR | Available Now
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Dishwasher
39
$3,488 - 6,823
Avalon Midtown West
Deal
4.4
250 W. 50Th St. New York, NY
Studio - 2 BR | Available Now
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Dishwasher
Midtown-Midtown South
65
$3,998 - 6,910
170 Amsterdam
Deal
4.6
170 Amsterdam Ave New York, NY
Studio - 1 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
49
$3,126 - 6,547
The Brooklyner
Deal
2.8
111 Lawrence St Brooklyn, NY
Studio - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Fitness Center
35
$3,069 - 14,630
Liberty Towers
2.8
33 Hudson St Jersey City, NJ
Studio - 2 BR | Available Now
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Dog Friendly
Cat Friendly
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Air Conditioning
In Unit Laundry
68
$3,441 - 13,974
Haus25
5.0
25 Christopher Columbus Drive Jersey City, NJ
Studio - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Fitness Center
Disability Access
Dishwasher
42
$4,068 - 11,130
Avalon Bowery Place
Deal
5.0
11 E First St New York, NY
Studio - 2 BR | Available Now
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Dishwasher
North Side-South Side
47
$3,440 - 6,955
Avalon Cove
Deal
5.0
444 Washington Boulevard Jersey City, NJ
1 - 4 BR | Available Now
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Dishwasher
32
$3,417 - 8,295
AVA Fort Greene
Deal
5.0
343 Gold St Brooklyn, NY
Studio - 3 BR | Available Now
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Dishwasher
DUMBO-Vinegar Hill-Downtown Brooklyn-Boerum Hill
36
$3,647 - 5,395
Avalon Hoboken
Deal
5.0
800 Madison St Hoboken, NJ
1 - 2 BR | Available Now
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Dishwasher
41
$2,890 - 5,345
Avalon at Edgewater
Deal
5.0
100 River Mews Ln Edgewater, NJ
1 - 3 BR | Available Now
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Dishwasher
39
$3,174 - 7,171
AVA DoBro
Deal
5.0
100 Willoughby St Brooklyn, NY
Studio - 3 BR | Available Now
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Dishwasher
DUMBO-Vinegar Hill-Downtown Brooklyn-Boerum Hill
61
$2,675 - 14,680
The BLVD Collection
3.6
425 Washington Blvd. Jersey City, NJ
Studio - 3 BR | Available Now
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Furnished
Dog Friendly
Cat Friendly
In Unit Laundry
Harismus Cove
39
$2,859 - 3,130
Avalon Brooklyn Bay
Deal
5.0
1524 Sheepshead Bay Road Brooklyn, NY
1 BR | Available Now
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Dishwasher
Sheepshead Bay-Gerritsen Beach-Manhattan Beach
38
$3,485 - 7,561
Avalon Clinton
Deal
5.0
515 West 52Nd St. New York, NY
Studio - 2 BR | Available Now
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Dishwasher
Clinton
38
$2,975 - 6,025
Avalon Riverview
Deal
4.8
4-75 48Th Avenue Long Island City, NY
Studio - 2 BR | Available Now
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Dishwasher
Hunters Point-Sunnyside-West Maspeth
34
$3,228 - 6,070
77 Park Avenue
Deal
2.8
77 Park Ave. Hoboken, NJ
Studio - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony, Deck, Patio
42
$3,908 - 14,425
Parc East
Deal
4.2
240 E 27Th St Manhattan, NY
1 - 4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Fitness Center
51
$2,981 - 5,569
70 Greene
Deal
70 Greene St Jersey City, NJ
Studio - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony, Deck, Patio
68
$2,962 - 8,209
RiverHouse 9 at Port Imperial
Deal
4.2
900 Avenue at Port Imperial Weehawken, NJ
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Dishwasher
47
3D Tour
$2,897 - 14,637
RiverHouse 11 at Port Imperial
Deal
4.2
1100 Avenue at Port Imperial Weehawken, NJ
Studio - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
In Unit Laundry
27
$3,916 - 7,965
Avalon West Chelsea
Deal
5.0
282 11Th Avenue New York, NY
Studio - 2 BR | Available Now
Contact
Dishwasher
Hudson Yards-Chelsea-Flatiron-Union Square
35
$3,962 - 8,960
AVA High Line
Deal
5.0
525 W 28Th St New York, NY
Studio - 2 BR | Available Now
Contact
Dishwasher
Hudson Yards-Chelsea-Flatiron-Union Square
37
$4,331 - 7,325
303 East 83rd
5.0
303 E 83rd St. Manhattan, NY
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony, Deck, Patio
49
$4,284 - 8,222
Beatrice
Deal
4.2
105 W 29Th St Manhattan, NY
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony, Deck, Patio
36
$3,790 - 6,624
Mantena
Deal
4.2
431 W 37Th St Manhattan, NY
Studio - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
1 - 30 of 3,456 Results
  1. Home
  2. New York
  3. Apartments Under $500

How much does it cost to rent an apartment in New York?

New York Apartments
Bed Type Average Rent Range
Studio $3,290 $1,800 - $4,590
1BR $3,900 $2,000 - $5,700
2BR $5,100 $2,000 - $8,150
3BR $6,500 $2,000 - $12,340
4+BR $8,280 $3,440 - $56,310
Frequently Asked Questions

How many apartments are available in New York, NY on Rentable.co?

Rentable.co has over 59,002 apartments available in New York.

What is the average rent for a studio apartment in New York, NY?

The average rent for a studio apartment in New York is around $3,290 per month.

What is the average rent for a one-bedroom apartment in New York, NY?

The average rent for a one-bedroom apartment in New York is around $3,900 per month.

What is the average rent for a two-bedroom apartment in New York, NY?

The average rent for a two-bedroom apartment in New York is around $5,100 per month.

How expensive is living in New York, NY?

Based on average rent prices in New York, to afford a studio apartment you would need an annual salary of $132,000 to live comfortably.

How many apartments under $500 are available in New York, NY on Rentable.co?

Rentable.co has 1 apartments under $500 available for rent in New York.

Which neighborhoods have the most apartments under $500 for rent in New York, NY?

  1. Clinton
  2. Midtown-Midtown South
  3. SoHo-TriBeCa-Civic Center-Little Italy
  4. Hunters Point-Sunnyside-West Maspeth
  5. Ocean Parkway South

Asset 2
Apartments by Bedrooms
1 Bedroom Apartments
2 Bedroom Apartments
3 Bedroom Apartments
4 Bedroom Apartments
Studio Apartments
Apartments by Affordability
Cheap Apartments
Apartments Under $500
Apartments Under $600
Apartments Under $700
Apartments Under $800
Apartments Under $900
Apartments Under $1,000
Apartments Under $1,200
Apartments with Amenities
Apartments With Utilities Included
Furnished Apartments
Pet Friendly Apartments
Virtual Tour Apartments
Apartments with Move In Specials
Short Term Rentals
Apartments by Type
Student Apartments
Houses For Rent
Senior Apartments and Housing
Luxury Apartments
Condos For Rent

New York:
March Rent Report

Welcome to the March 2023 New York Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2023 key findings and figures for the New York rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in New York and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of New York average rent prices in the chart below.

Monthly Rent Report

New York Rent Prices Increase From February to March

New York rent prices increased over the last month. From February to March, the city experienced a 3.93% increase for the price of a one-bedroom apartment. The rent price for a New York one-bedroom apartments currently stands at $3,730.0.

When we take a look at the two-bedroom comparison from February to March, New York experienced a 4.03% increase for the price of a two-bedroom apartment. The rent price for a New York two-bedroom apartments currently stands at $4,541.0.

March Prices: New York vs. Surrounding Areas

Rent Prices in New York and Surrounding Areas

Rent prices have increased in New York over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 4 of the New York suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Brooklyn, NY, Woodbridge, NJ, New Rochelle, NY, East Orange, NJ .

  • Rent decreased in Jersey City, NJ, Manhattan, NY, Newark, NJ.

  • 1 suburb is currently priced higher than the city of New York.

  • 6 suburbs are currently priced lower than the city of New York.

March 2023 Pricing Trends: New York vs. National Comparisons

New York Rent Prices More Affordable Than Major Cities

Rent growth in New York over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, New York average rent prices appear to be relatively affordable for local residents.

The price for a New York one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about New York and surrounding area rent prices, take a look at the complete data set below.

Data set for New York and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change
New York, NY $3,589.0 2.93% $4,365.0 3.41%
Jersey City, NJ $3,384.0 -2.25% $4,513.0 -2.65%
Brooklyn, NY $2,675.0 1.87% $2,800.0 -1.17%
Manhattan, NY $4,238.0 -2.37% $6,315.0 -0.86%
Woodbridge, NJ $2,630.0 0.96% $3,211.0 1.33%
New Rochelle, NY $2,295.0 9.08% $3,559.0 10.63%
Newark, NJ $1,652.0 -6.88% $2,134.0 -4.09%
East Orange, NJ $1,612.0 0.25% $2,019.0 -3.54%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.