Top 10 Most Affordable Neighborhoods In New York City For Rent

These are the most affordable priced and family-friendly neighborhoods in New York City, ranging from Sunset Park, Brooklyn, to Tompkinsville, Staten Island. One of the world’s liveliest cities, the Big Apple boasts a booming global economy, a diverse and highly skilled population, and a wealth of tourist attractions. While tourists will naturally be drawn to the various landmarks, cultural institutions, and other attractions scattered throughout New York City’s distinct neighborhoods, those who intend to relocate there will have different priorities.

They will be primarily intrigued by the fact that New York City is among the most expensive metropolitan areas in the country; in fact, many of the most affluent neighborhoods in the city are globally renowned. Although there are a lot of opportunities and it is a very dynamic place, affordability can be a problem. Fortunately, the city still has a number of affordable neighborhoods that provide important amenities and a wealth of attractions. These are the top 10 most affordable neighborhoods in New York City for rent for those looking to live in the most economical areas of the city.

Summary:

  • Victorian architecture, a sense of community, and a trendy, diverse neighborhood characterize Bedford-Stuyvesant, Brooklyn. A one-bedroom apartment typically costs $2,680 per month in rent.
  • Manhattan’s Harlem is a lively neighborhood with a bustling nightlife and reasonably priced housing options. A one-bedroom apartment typically costs $2,557 per month in rent.
  • East Flatbush, Brooklyn: Also referred to as Little Haiti and Little Caribbean, this neighborhood has a large number of Caribbean eateries and retail establishments. A one-bedroom apartment typically costs $2,300 per month in rent.

Top 10 Most affordable neighborhoods in New York City for rent:

  1. Tompkinsville, Staten Island
  2. Bay Ridge, Brooklyn
  3. Jamaica, Queens
  4. Sunset Park, Brooklyn
  5. Inwood, Manhattan
  6. Kew Gardens, Queens
  7. Jackson Heights, Queens
  8. East Flatbush, Brooklyn
  9. Harlem, Manhattan
  10. Bedford-Stuyvesant, Brooklyn

Top 10 Most Affordable Neighborhoods In New York City for Rent in detail:

10.Bedford-Stuyvesant, Brooklyn

  • The average studio rent is $2,225.
  • A one-bedroom apartment’s average rent is $2,680.
  • A two-bedroom apartment’s typical rent is $3,000.
  • Price of a median home: $1.7M

A one-bedroom apartment’s average rent is $2,680. With its Victorian architecture, tree-lined streets, murals, and multicultural population, this area of New York City can offer a unique way of life. Nowadays, Bedford-Stuyvesant has undergone significant gentrification, with chic boutiques, hip caf├ęs, and bars lining the streets. A tight-knit community is present in the area, supported by nearby mosques and churches.

The A, C, G, and J trains of the New York City Subway serve the neighborhood, making it easy to commute to and from. Additionally, a number of MTA bus routes pass through the neighborhood.

9.Harlem, Manhattan

  • The average studio rent is $2,085.
  • $2,557 is the average rent for a one-bedroom apartment.
  • $3,175 is the average rent for a two-bedroom apartment.

$2,557 is the average rent for a one-bedroom apartment. One of the most reasonably priced neighborhoods in Manhattan is the Harlem neighborhood, which is a part of a borough of New York City that is notorious for being absurdly expensive to live in. Harlem is a highly populated neighborhood that is worth visiting because of its numerous hip restaurants and exciting nightlife.

The Harlem River divides this part of the Manhattan borough from the rest of it, but there are five bridges that span it to link it to the city. The New York City Subway and buses operated by MTA Regional Bus Operations also service Harlem.

8.East Flatbush, Brooklyn

  • The average studio rent is $1,925.
  • $2,267 is the average rent for a one-bedroom apartment.
  • A two-bedroom apartment’s typical rent is $2,500.
  • Price of a median home: $674,700

$2,300 is the average rent for a one-bedroom apartment. East Flatbrush, which is in the Brooklyn borough, is also known as Little Haiti and Little Caribbean due to its population. There are lots of Caribbean eateries and stores nearby for residents. The Brooklyn Kings Theater is located in this area as well.

IRT Nostrant Avenue trains 2 and 5 as well as the five MTA Regional bus routes that pass through the neighborhood are the two ways that people commute.

7.Jackson Heights, Queens

  • The average studio rent is $1,850.
  • $2,250 is the typical rent for a one-bedroom apartment.
  • $2,725 is the average rent for a two-bedroom apartment.
  • The typical house costs $360,000.

$2,250 is the average rent for a one-bedroom apartment. Being a resident of Jackson Heights means being a part of one of the nation’s most ethnically diverse neighborhoods. Most of the people living in the area are migrants, with many coming from Tibet, Nepal, India, and other places. The area is distinctive due to its garden apartments, which are residential buildings featuring spacious interior courtyards.

Nine MTA Regional Bus Routes pass through the area, and residents can take any of the five available New York City subway trains to get to the rest of the city.

6.Kew Gardens, Queens

  • The typical studio rent is $1,900.
  • $2,125 is the average rent for a one-bedroom apartment.
  • A two-bedroom apartment’s typical rent is $2,500.
  • Price of a median home: $277,000.

$2,125 is the average rent for a one-bedroom apartment. The Kew Gardens neighborhood was initially intended to be a lovely residential area with Victorian homes, tree-lined streets, and lush green spaces. It was named after the well-known Kew Gardens in London, England. Much of the area’s original, endearing character is still present today.

The three New York City subway trains and the five city bus routes are used by locals to get to and from the rest of the city. In the vicinity is a Long Island Railroad terminal as well.

5.Inwood, Manhattan

  • The average studio rent is $2,085.
  • $2,125 is the average rent for a one-bedroom apartment.
  • A two-bedroom apartment’s average rent is $2,395
  • Price of a median home: $404,600

$2,125 is the average rent for a one-bedroom apartment. Situated in Manhattan, which is generally an expensive area, Inwood is an affordable neighborhood for individuals who wish to live in the bustling commercial hub of New York City without having to pay exorbitant real estate or rental costs. The expansive Inwood Hill Park and Columbia University’s recreational facilities are located in the vast neighborhood.

Two New York City subway lines serve Inwood, and its boundaries are crossed by six bus routes.

4.Sunset Park, Brooklyn

  • A studio’s average rent is $4,950.
  • A one-bedroom apartment’s average rent is $2,095
  • For a two-bedroom apartment, the average rent is $2,500.
  • Average cost of a house: $577,600

$2,095 is the average rent for a one-bedroom apartment. With parks, bars, restaurants, and a Chinatown, the Sunset Park neighborhood is a charming and family-friendly place to live. With expansive views of the Statue of Liberty, lush fields, a playground, and a sizable public swimming pool, Sunset Park lives up to its name.

Three bus routes that pass through the neighborhood’s boundaries as well as three subway trains from New York City serve it. A ferry service operates nearby as well.

3.Jamaica, Queens

  • The average studio rent is $2,200.
  • $2,074 is the average rent for a one-bedroom apartment.
  • A two-bedroom apartment’s average rent is $2,647.
  • $655,000 is the median home price.

A one-bedroom apartment’s average rent is $2,074. Queens will be a part of a sizable African-American and Caribbean community in Jamaica. The lively neighborhood has bars, restaurants, a thriving commercial nerve center, and the 100-acre Baisely Pond Park.

Two New York City Subway trains, the Long Island Rail Road, and a vast network of buses in Jamaica all serve the neighborhood. Within Jamaica’s borders is also the John F. Kennedy International Airport.

2.Bay Ridge, Brooklyn

  • The typical studio rent is $2,644.
  • $1,906 is the average rent for a one-bedroom apartment.
  • A two-bedroom apartment’s average rent is $2,550.
  • Price of a median home: $340,000

$1,906 is the average rent for a one-bedroom apartment. The apartment buildings, row homes, and brownstones that line the tree-lined streets of Bay Ridge, a borough in Brooklyn, give the neighborhood its distinctive character. With lots of neighborhood parks and ethnic eateries, it’s one of Brooklyn’s oldest and least altered neighborhoods.

The three express bus routes that serve the area, the NYC ferry, and the R train on the New York City Subway are the ways that locals commute to and from work.

1.Tompkinsville, Staten Island

  • The average studio rent is $1,638.
  • $1,567 is the average rent for a one-bedroom apartment.
  • A two-bedroom apartment’s average rent is $2,600.
  • Price of a median home: $484,500

$1,567 is the average rent for a one-bedroom apartment. Not everyone will find living in Tompkinsville, Staten Island, ideal. Getting around the city often involves taking multiple transit methods in addition to a ferry ride. But the area is really beautiful, with parks, eateries, hiking trails, and more.

The Staten Island Railway runs through Tompkinsville, and there are frequent buses that transport locals to the island’s ferry.

 

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