Today let you know about The Cheapest House Rent in New York. New York City is famous for its sky-high rents, with the average apartment going for over $3,000 per month. However, contrary to popular belief, there are still deals to be found for those looking to pay the lowest possible rent in the Big Apple. This article explores some of the cheapest areas to rent a house in New York and what you can expect to pay there.
Overview of Rental Prices in New York
Before diving into the specifics, here is a quick overview of rental prices across New York City’s five boroughs:
- Manhattan – The most expensive borough, with median rents over $4,000 per month for an apartment. Finding a full house for rent here is extremely rare and expensive.
- Brooklyn – More affordable than Manhattan but still pricey, with median monthly rents around $2,800. There are some cheaper options further from downtown.
- Queens – The most affordable borough for renters. Median rents are approximately $2,200 per month, with many cheaper options.
- The Bronx – Along with Queens, the most budget-friendly borough. Median monthly rents are around $1,800.
- Staten Island – Slightly more affordable than Brooklyn and Manhattan. Median monthly rents roughly $2,000.
So while Manhattan rentals are largely out of reach for budget-conscious renters, the outer boroughs, especially Queens and the Bronx, offer cheaper options for full houses.
The Cheapest House Rent in New York
If you’re looking for the absolute lowest house rental prices in New York, the Bronx is going to be your best bet.
Why Rent Is Cheaper in the Bronx
There are a few key reasons why house and apartment rental prices are lower here than other boroughs:
- Poorer economy – The Bronx has higher unemployment and poverty rates, depressing property values and rents.
- More remote location – Further from job centers like Manhattan, less demand to live here.
- Perception of higher crime – Unfairly or not, the Bronx is seen as less safe which also keeps rents down.
So while the borough may lack the glamor and amenities of Manhattan, what you make up for in low prices and more square footage.
Average Bronx House Rental Prices
According to the latest data, here are the average rents you can expect to pay for houses in various Bronx neighborhoods:
- Riverdale: $2,800/month
- Kingsbridge: $2,500/month
- City Island: $2,200/month
- Pelham Bay: $2,000/month
- Morris Park: $1,900/month
- Hunts Point: $1,800/month
- Mott Haven: $1,700/month
As you can see, even at the high end, house rental prices in the Bronx borough are 50% or less than comparable listings across the river in Manhattan.
And in many areas like Mott Haven, rents average only $1,700 per month for an entire house, which is cheaper than even most studio apartments in expensive areas of Brooklyn and Manhattan.
Other Affordable Areas to Rent Houses Under $2,000
While the Bronx offers the overall cheapest options, other affordable neighborhoods exist in Queens and upper Manhattan where you can rent houses for under $2,000 per month.
Queens Neighborhoods
Queens is New York’s largest borough by geographic area, so rental prices can vary widely depending on the neighborhood.
Some of the most affordable options for house rentals include:
- Jamaica: Average rents $1,900 per month
- East Elmhurst: Average rents $1,800 per month
- Jackson Heights: Average rents $1,950 per month
- Woodside: Average rents $1,900 per month
Jamaica and East Elmhurst, in particular, offer very low house rental prices thanks to their farther distance from Manhattan and perceived higher crime rates in those areas.
However, Woodside and Jackson Heights have lower crime and can still be reasonably affordable thanks to having older housing stock and a diverse mix of incomes in the neighborhoods.
Upper Manhattan Neighborhoods
Above Central Park on the northern tip of Manhattan island, house rental prices are much lower than the fashionable downtown neighborhoods.
Some of the best deals can be found in these Upper Manhattan neighborhoods:
- Inwood: Average rents $1,900 per month
- Hamilton Heights: Average rents $2,000 per month
- Washington Heights: Average rents $2,100 per month
Due to their relative remoteness from midtown and downtown Manhattan job centers, these neighborhoods are much more affordable while still allowing access to Manhattan amenities.
Inwood, at the very northern tip bordering the Bronx, tends to have the lowest prices in Manhattan itself for full house rentals.
Tips for Finding the Cheapest Rentals
If you’re set on finding the absolute lowest priced house rentals in NYC, keep these money-saving tips in mind:
Expand Your Search Area
Consider looking a little farther out in the outer boroughs than just neighborhoods close to Manhattan. Sometimes an extra few subway stops can make a big difference in bringing rents down.
Check Listings Frequently
Affordable apartments go fast! Check new listings daily or set up alerts to contact landlords/brokers right away.
Look for Private Listings
Finding privately-listed rentals can offer lower prices than units listed by brokers which charge fees.
Time Your Search
More units tend to hit the rental market during summer months and away from school semesters.
Consider Compromising on Space
Studios and 1-bedrooms have much lower rents than multi-bedroom houses in NYC. Consider downsizing space.
Frequently Asked Questions on Cheapest NYC Rents
What is the average rent for a house in New York City?
- For a full house rental, average prices in New York currently range from $1,700 per month in the Bronx to over $4,000 per month in many Manhattan neighborhoods. Outer boroughs like Queens and Brooklyn tend to fall somewhere in the middle around $2,200 to $2,800 per month.
What neighborhood has the lowest house rents in NYC?
- Within the five boroughs, the Bronx offers the lowest house rental prices at a median of around $1,800 per month. The cheapest specific Bronx neighborhoods include Mott Haven, Hunts Point, and Morris Park.
Is it realistic to find a 2-bedroom apartment in NYC for $1,500?
- While not common, it is possible to find 2-bedroom apartments for $1,500 or less in NYC if you expand your search to farther outlier neighborhoods. Areas to look include East New York in Brooklyn and Inwood/Washington Heights in Upper Manhattan.
Is it cheaper to rent an apartment or house in New York?
- Apartments tend to be cheaper than full houses of the same size. However, apartments come with the risk of noisy upstairs neighbors. A smaller house may allow more peace and privacy.
What resources can help me find affordable rentals?
- Sites like Craigslist, Zillow, HotPads, Apartments.com, and StreetEasy allow sorting and filtering by max price to identity cheaper units. Also check listings sites run by local brokers who know affordable areas well.
