Welcome to the Big Apple, New York City! Known for its iconic skyline, bustling streets, and endless entertainment, NYC is a city that many dream of calling home. Enticing as it sounds, it’s no secret that big city living can come with an even bigger price tag. The skyscrapers, social life, and never-ending entertainment often come with a cost: your housing price.
While finding an apartment close to all the excitement can be expensive, it is possible to work, play, and rent at a reasonable price. We’ve compiled a list to help you experience the best of New York City without breaking the bank. The five cheapest neighborhoods in NYC in 2023 are:
Harlem
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Average 1-bedroom rent in NYC: $3,650/month
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Average 1-bedroom rent in Harlem: $2,117/month
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Median Home Value in Harlem: $825,000
Harlem is a neighborhood that's rich in history and culture. Located in the northern section of Manhattan, Harlem is known for its vibrant arts scene, soulful music, and diverse culinary offerings. Commuting from Harlem is easy, thanks to the neighborhood's access to several subway lines and trains.
Things to do in Harlem
Harlem is a neighborhood that's always buzzing with activity. From exploring the historic Apollo Theater to enjoying a meal at Sylvia's, the "Queen of Soul Food," there's never a dull moment here. Plus, with Central Park just a stone's throw away, residents can easily escape the city's busy streets for a breath of fresh air.
Yorkville
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Average 1-bedroom rent in NYC: $3,650/month
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Average 1-bedroom rent in Yorkville: $3,311/month
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Median Home Value in Yorkville: $915,000
Next on our list is Yorkville, a charming neighborhood located on the east side of NYC. Known for its quiet, tree-lined streets and family-friendly atmosphere, Yorkville offers a tranquil retreat from the city's fast-paced lifestyle. With several different subway lines running through the neighborhood, commuting from Yorkville is convenient for locals.
Things to do in Yorkville
From exploring the historic Gracie Mansion (now a museum and public space) to picnicking in Carl Schurz Park, there's plenty to do in Yorkville. The neighborhood is also home to several delicious eateries and bakeries, as well as the 92nd Street Y, a community center that hosts a variety of events and classes.
Hell's Kitchen
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Average 1-bedroom rent in NYC: $3,650/month
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Average 1-bedroom rent in Hell’s Kitchen: $4,320/month
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Median Home Value in Hell's Kitchen: $988,000
Hell's Kitchen is a neighborhood that's as vibrant and eclectic as its name suggests. Known for its bustling food scene, diverse population, and proximity to Broadway theaters, Hell's Kitchen is a hotspot for those seeking a lively urban experience. With Subway lines and several trains servicing the area, residents can commute in and out of the city with ease.
Things to do in Hell's Kitchen
In Hell's Kitchen, there's always something exciting happening. From catching a Broadway show to enjoying a meal at one of the neighborhood's many international restaurants, Hell's Kitchen offers a unique NYC experience to visitors and residents alike.
East Village
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Average 1-bedroom rent in NYC: $3,650/month
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Average 1-bedroom rent in East Village: $3,320/month
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Median Home Value in East Village: $1,100,000
The East Village is a charming neighborhood known for its nightlife, diverse dining options, and thriving arts scene. With six trains serving the area, commuting is made easy for city dwellers.
Things to do in East Village
In the East Village, there's always something exciting happening. From catching a performance at the historic La MaMa theatre to enjoying a meal at one of the neighborhood's many international restaurants, the East Village offers a cultural experience like no other.
Upper East Side
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Average 1-bedroom rent in NYC: $3,650/month
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Average 1-bedroom rent in Upper East Side: $3,357/month
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Median Home Value in Upper East Side: $1,300,000
Finally, the Upper East Side, is a neighborhood synonymous with elegance and sophistication. Known for its posh boutiques, upscale eateries, and world-renowned museums, the Upper East Side offers residents a taste of luxury without the sky-high price tag. With access to several Subway lines, transportation in and out of the city is widely available.
Things to do in Upper East Side
The Upper East Side is home to some of NYC's most famous landmarks, from the Metropolitan Museum of Art to Central Park. Whether you're exploring the exhibits at the Guggenheim or enjoying a stroll along the East River, there's always something to see and do in this neighborhood.
Make the Most of Your Move with Apartments.com
Whether you're planning a short-term stay or looking to settle down, Apartments.com can help you find your perfect home in New York City. Use our customized search engine to find housing options that fit your budget and preferences. Start your journey with us today and discover the endless possibilities that await you in NYC. Pay less, live more, and rent on.
*Apartment rent data provided by CoStar Group’s November 2023 reports.
