How Much Does A Cheap Apartment Cost?

How Much Does A Cheap Apartment Cost?

Moving to a new home can be a daunting task, especially in a bustling city like New York. One of the most significant challenges is finding a reliable and affordable moving service. With so many options available, the cost of hiring movers in NYC can vary greatly. This article will help you understand the factors that influence the cost and provide tips on how to find the best deal.

Max 3min read

When it comes to renting an apartment in NYC we can’t help but get shocked at the ever-rising prices. It’s no secret that New York is one of the most expensive cities in the world, but what are the real numbers for real estate? How much does a cheap apartment cost in NYC? Let’s have a look at some numbers below.

How Much Does A Cheap Apartment Cost?
Photo credit: ClatieK via Source / CC BY-ND

How Much Does A Cheap Apartment Cost In Manhattan?

According to the MNS rental market report, the average rent in Manhattan was $3,957 in April. Moreover, the prices have risen by 2.79% comparing to the previous month. Are there more affordable prices in Manhattan? The answer is yes, it is possible to find a cheap apartment in NYC. For instance, we have found one-bedroom apartments in Inwood for only $1,450 per month. Central Harlem, Fort George, and Washington Heights also offer places at a reasonable price around $1,500-$1,600 per month. According to Trulia, the median rent in Inwood varies from a bit more than $2,000 in summer to $1,650 during winter months. It’s no secret why we chose this neighborhood as one of the best for young professionals in NYC.

How Much Does A Cheap Apartment Cost In Brooklyn?

The average rent in Brooklyn was $2,773 in April. Like in Manhattan, prices keep rising. The average rent for a one-bedroom apartment was $2,682 per month, while a Studio can cost $2,187. Let’s find some lower rents in this borough. StreetEasy has one-bedroom apartment listings for only $1,350 per month. By the way, rentals in Williamsburg and Bushwick will drop due to the L train closure. If you don’t mind that your commute to work won’t be so fast, check out these neighborhoods. As for Studios in Brooklyn, the prices rise from $1,300.

How Much Does A Cheap Apartment Cost in Queens?

How Much Does A Cheap Apartment Cost?
Photo credit: pdstahl via Interior Design / CC BY-SA

According to the MNS rental market report, average rents in Queens were $2,164 this April. Comparing to 2015, the rents have increased by 4.36%. Rentals keep rising in such neighborhoods as Astoria, Forest Hills, Long Island City, Ridgewood, and Jackson Heights. However, you can find a one-bedroom apartment for $1,400 per month. The cheapest places found in Astoria cost from $1,650 per month.

As you can see, it is possible to find a cheap apartment in NYC. However, you should consider all the important factors before making the final decision. How close your cheap apartment will be to subway stations? Being a young professional, you will most likely spend lots of time at work, so do your best to find a place not too far from your work.

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