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Apartments under $500 for Rent in New York, NY

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Living & Renting in New York

New York at a Glance

Average Rent

$3,859
(All bedrooms and property types)
Learn more about
Average Rent in New York
10

School Rating

out of 10 Rating
Learn more about
Schools in New York
100

Some Transit

out of 100 TransitScore® Rating
Learn more about
Transportation in New York
86

Somewhat Bikeable

out of 100 BikeScore® Rating
Learn more about
Transportation in New York

New York, NY Apartments for Rent

New York, NY, presents an exhilarating experience filled with endless opportunities and diverse neighborhoods. Renters can find a variety of housing options, from cozy studios in bustling areas similar to the Lower East Side to spacious one-bedroom apartments in quieter sections of Brooklyn. The city boasts an impressive array of parks, including the serene Washington Square Park and the expansive Prospect Park, where residents can enjoy leisurely strolls, picnics, and outdoor concerts. Iconic landmarks such as the Empire State Building and the Statue of Liberty provide a constant reminder of the city’s rich history and cultural significance. With a robust public transportation system, getting around is convenient, allowing easy access to all that the city has to offer.

Cultural events and festivals abound throughout the year, showcasing everything from food to art. The Tribeca Film Festival and the New York Film Festival attract cinephiles, while the West Indian American Day Carnival celebrates Caribbean heritage with vibrant parades and music. Museums similar to the Museum of Modern Art and the Intrepid Museum offer residents a chance to immerse themselves in world-class art and history. Dining options are plentiful, with renowned restaurants such as Carmine's and Bryant Park Grill providing unforgettable culinary experiences. For a sweet treat, Magnolia Bakery and Dominique Ansel Bakery are must-visit spots.

Shopping enthusiasts can explore nearby destinations similar to The Shops at Columbus Circle and Newport Centre, while the Canal Street Market offers a unique blend of local vendors and artisanal goods. Cafes similar to Veniero's Pasticceria & Caffe and Max Brenner New York provide cozy spots to unwind with a coffee or dessert. Living in New York means embracing a lifestyle filled with excitement, creativity, and a sense of community that is hard to find elsewhere.

Why New York?

  • Nicknamed the “Center of the Universe,” New York is a place of inspiration for fashion, art, literature, and music
  • Prestigious colleges and universities like New York University, Columbia University, and The Julliard School
  • There are five distinct boroughs, each with their own appeal: Manhattan, the Bronx, Brooklyn, Queens, and Staten Island
  • Professional sports teams like the MLB Yankees, the MLB Mets, the NFL Giants, and the NFL Jets
  • Attractions include the Bronx Zoo, Washington Square Park, and Coney Island
  • For entertainment, there’s the New York City Ballet and the Metropolitan Opera, or catch a free concert in Central Park

Renting in New York

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in New York

(For 1 bedroom apartments)

Getting Around New York

Transportation

98

Walker’s Paradise

out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you need a car.
86

Very Bikeable

out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you'll most likely want your car for most errands.
100

Rider’s Paradise

out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Scores provided by Walk Scoreⓘ

Education

Public University
Private University
Private University
Private University
Private University
10
Stuyvesant High School
out of 10 Rating
Public | Grades 9- 12 | 3,334 Students
10
Millennium High School
out of 10 Rating
Public | Grades 9- 12 | 665 Students
10
Public | Grades 9- 12 | 555 Students
10
Public | Grades 9- 12 | 541 Students
10
Public | Grades 9- 12 | 373 Students
School data provided by Great Schoolsⓘ

New York Apartments for Rent in Your Budget

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