11 Most Affordable Neighborhoods in New York, NY in 2024

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The Big Apple, New York City, truly has something for everyone – from the bustling streets of Manhattan to the vibrant neighborhoods of Brooklyn. This world-renowned city is home to countless iconic landmarks, from Times Square and Central Park to Madison Square Garden and the Statue of Liberty.

If you’re looking to rent an apartment in New York City, you might be surprised to find that the average rent for a studio is $3,900 and a one-bedroom apartment is $4,770. But don’t worry, we’ve got you covered. ApartmentGuide has compiled a list of the most affordable neighborhoods in New York City to rent this year.

cities near new york

11 Affordable Neighborhoods in New York

From Lenox Hill to Flatbush, New York City has affordable neighborhoods that fit your budget. The best part is that they’re all under New York City’s average rent for studio and one-bedroom units. Let’s jump in and see what New York City neighborhoods made the list.

1. Lenox Hill
2. Flatbush
3. Washington Heights
4. Northeastern Queens
5. Ridgewood
6. West Bronx
7. East Harlem
8. Bushwick
9. Park Slope
10. Tudor City
11. Prospect Heights

Read on to see what each neighborhood has to offer its residents.

1. Lenox Hill

Average studio rent: $2,715
Average 1-bedroom rent: $1,425
Apartments for rent in Lenox Hill

Lenox Hill is the most affordable neighborhood in New York City, as the average rent for a one-bedroom unit is $1,425. There are plenty of reasons to love living in Lenox Hill, from attractions like Central Park and the Frick Collection to green spaces like St. Catherine’s Park. If you’re looking for a taste of the neighborhood, there are a variety of local restaurants to explore, from deli’s and Italian restaurants to trendy pubs and vegan spots. For renters living in New York without a car, there are several subway stations in Lenox Hill.

2. Flatbush

Average studio rent: $1,900
Average 1-bedroom rent: $2,000
Apartments for rent in Flatbush

Flatbush is a bustling area located in the Brooklyn borough. This affordable neighborhood has lots of attractions such as Prospect Park and the Brooklyn Botanic Garden, giving renters plenty of green spaces to enjoy. There are plenty of transit stops in the neighborhood, making it easy to get into Manhattan. It’s also a walkable area, so make sure to explore the restaurants, shops, and nearby neighborhoods like Kensington and Midwood.

3. Washington Heights

Average studio rent: $1,995
Average 1-bedroom rent: $2,100
Apartments for rent in Washington Heights

With an average one-bedroom rent of $2,100, Washington Heights is the third-most affordable neighborhood in New York. This Manhattan neighborhood is an awesome option to consider as it’s near attractions like Fort Tryon Park, United Palace, and Fort Washington Park. There are also picturesque views of the Hudson River, so this area is great for exploring and enjoying New York. Or, if you’re looking for a fun night out, you can head to nearby Yankee Stadium to watch a game.

4. Northeastern Queens

Average studio rent: $1,820
Average 1-bedroom rent: $2,145
Apartments for rent in Northeastern Queens

Northeastern Queens is the fourth-most affordable neighborhood in New York. This neighborhood is a great option if you’re looking for New York’s charm without living in the heart of Manhattan. For example, you can easily access the Queens Botanical Garden, Flushing Meadows Corona Park, and the New York Hall of Science.

new york city brownstones

5. Ridgewood

Average studio rent: $1,587
Average 1-bedroom rent: $2,300
Apartments for rent in Ridgewood

Just about 8 miles from Manhattan, Ridgewood is a stellar neighborhood if you want to rent an apartment. It’s also a great area if you’re living in New York without a car, as Ridgewood has a few subway stops. There are also several beautiful green spaces in the area, like Grover Cleveland Playground. Ridgewood is also home to a variety of restaurants, shops, and cafes like Super Pollo, Topos Bookstore, and Rudy’s Pastry Shop. You can also find the charming Madison–Putnam–60th Place Historic District.

6. West Bronx

Average studio rent: $1,603
Average 1-bedroom rent: $2,599
Apartments for rent in West Bronx

Next up is West Bronx, the sixth-most affordable neighborhood in New York. West Bronx is full of history and charm with tree-lined streets, historic buildings, and museums, like the Bronx Museum of Arts. This area also has plenty of parks, restaurants, and attractions, so you’ll have lots of explore. Make sure to enjoy the outdoors at Crotona Park, catch a game at Yankees Stadium, or grab a meal at one of the neighborhood restaurants. There’s something for everyone living in West Bronx.

7. East Harlem

Average studio rent: $2,800
Average 1-bedroom rent: $2,750
Apartments for rent in East Harlem

East Harlem is next on our list, just east of Central Park. East Harlem has a friendly atmosphere and community feeling, with plenty of local cafes and restaurants throughout the area, such as Ricardo Steak House and El Kallejon. You can also check out some of East Harlem’s green spaces, like Thomas Jefferson Park, or visit museums, like El Museo del Barrio, the Graffiti Hall of Fame, and the Museum of the City of New York.

8. Bushwick

Average studio rent: $2,289
Average 1-bedroom rent: $2,850
Apartments for rent in Bushwick

Bushwick takes the eighth spot on our list of most affordable neighborhoods in New York. The average rent for a one-bedroom unit is roughly $2,000 less than the city’s average, making Bushwick a great option to consider renting in. It’s located in Brooklyn, which means you’ll have the best of city life without living in the city center. This artsy area is home to many art galleries, like the Bushwick Collective, and green spaces, like Maria Hernandez Park and Irving Square Park.

top view of central park and skyscrapers in nyc

9. Park Slope

Average studio rent: $2,500
Average 1-bedroom rent: $3,100
Apartments for rent in Park Slope

A well-known New York neighborhood, Park Slope is the next area. In the Brooklyn borough, Park Slope is home to the Old Stone House of Brooklyn and Grand Army Plaza, meaning there’s plenty to do throughout the week. You’ll find there are countless historic brownstones in Park Slope, so make sure to explore the area’s charm. If you need to commute to work, there are lots of options as the 7th Avenue subway station is nearby.

10. Tudor City

Average studio rent: $2,400
Average 1-bedroom rent: $3,575
Apartments for rent in Tudor City

The tenth-most affordable neighborhood in New York is Tudor City. This area has a vibrant feeling, just blocks from the Empire State Building. You can find parks like Robert Moses Playground and the East River Esplanade, perfect for enjoying a sunny day in New York. Tudor City also events throughout the year at Tudor City Greens, providing residents with lots of opportunities to enjoy their neighborhood.

11. Prospect Heights

Average studio rent: $2,201
Average 1-bedroom rent: $4,145
Apartments for rent in Prospect Heights

The final spot on our list of affordable neighborhoods in New York is Prospect Heights. This affordable neighborhood is located north of the popular Prospect Park and is an awesome area if you’re looking for a neighborhood with a charming main street. You can find plenty of cozy cafes and lively restaurants along Vanderbilt Avenue and Flatbush Avenue. Prospect Heights is home to Barclays Center, where you can see concerts and sporting events. It’s also close to parks like Prospect Park and the Brooklyn Museum, so there’s a lot to do in this neighborhood.

Methodology: Affordability based on whether a neighborhood has average studio and 1-bedroom rent prices under the city’s average. Average rental data from Rent.com in 2024.



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