It only takes a few minutes of searching for apartments to realize that renting in NYC is going to be expensive. In Manhattan, small studios start at around $1,700 (yikes!). Even sharing an apartment with roommates, you will be hard pressed to find a place for rent below $1,000.
for those on a budget, it can be tempting to look for an apartment in one of the city’s more affordable neighborhoods. Many people that go this route end up compromising on safety, or living in a neighborhood which lacks ‘the NYC magic’ that they moved to the city for in the first place. Don’t be one of them!
If you are on a budget, check out this list of NYC neighborhoods that won’t break the bank and still offer plenty of big city allure.
Prospect Heights – Brooklyn
With convenient subway access to Manhattan, and an abundance of charming 1920s brownstones as well as modern luxury buildings, Prospect Heights is both affordable and livable. The neighborhood is a mixture of affluent families, working class families and young individual households. While there are plenty of reasonably priced restaurants and cafes, nightlife options are sparse as the neighborhood is more family oriented than some of the others on this list.
For more detail on this neighborhood than you could possibly require – check the City-Data page here: Prospect Heights
Murray Hill – Manhattan
Murray Hill is perhaps the most popular option for young professionals making their move to the city. The neighborhood is home to an abundance of large apartment buildings that offer both affordable rent prices and a prime location– sandwiched between the bustling nightlife of downtown Manhattan (where most people play), and the offices of mid-town (where most people work).
For more detail on this neighborhood than you could possibly require – check the City-Data page here: Murrary Hill
Williamsburg – Brooklyn
Years ago, Williamsburg was dominated by artists and creative types. More recently, young professionals looking for cheaper rent have become a prevalent part of the neighborhood scene, pushing many of the creative types out toward East Williamsburg. While low rents can still be found in Williamsburg, most of the really affordable properties are located further East, away from Manhattan. the neighborhood features an abundance of restaurants, cafes and nightlife options that are always well attended by the neighborhoods hip denizens. Williamsburg has easy access to Manhattan via the Williamsburg bridge or the L subway train.
For more detail on this neighborhood than you could possibly require – check the City-Data page here: Williamsburg
Morningside Heights – Manhattan
If Manhattan were a stadium, Morningside Heights would be located in the nose bleed section. The neighborhood is situated in the upper (upper) West Side and is home to both Columbia University and some surprisingly affordable apartments. The neighborhood has plenty of restaurants, cafes and a bustling nightlife options nearby. However, given this neighborhood’s location so far uptown, it may not be an ideal option for anyone that plans to spend a lot of time in lower Manhattan.
For more detail on this neighborhood than you could possibly require – check the City-Data page here: Morningside Heights
The Lower East Side – Manhattan
While the rental market in the Lower East Side (LES) can be spotty, some incredible deals can be had in this neighborhood. The LES is home to some of the most active nightlife hotspots in the city as well as easy access to the rest of Downtown Manhattan. However, given the age of the buildings in this neighborhood and its compact dimensions, expect to live in pretty cramped quarters.
For more detail on this neighborhood than you could possibly require – check the City-Data page here: Lower East Side
To view a list of popular neighborhoods in a variety of different price ranges – check out this page
To view a map of New York city with information about average rental prices by neighborhood – check out this infographic