Save This Search

Apartments for Rent in New York under $500

87 Rentals Available
Apartments for Rent in New York under $500. 87 Rentals Available
  • a collage of photos and the building
    Today

    3155 Grand Concourse, Bronx, NY 10468
    2 BEDS Ask for Pricing
  • a collage of photos and the building
    Today

    222 Bedford Park Blvd, Bronx, NY 10458
    1 BED Ask for Pricing
  • a group of cars parked in front of a building
    Today

    170 Decatur Street, Brooklyn, NY 11233
    STUDIO $413
  • a sales rents management company logo with the word asset property services
    Today

    418 Route 376, Hopewell Jct, NY 12533
    STUDIO $75
  • Transworld Studio Apartment for Rent
    Today

    Transworld, New York, NY 10003
    STUDIO $20
  • Renting has its Rewards
    Start earning points to redeem on travel, experiences, gift cards, live events, and more!
    Earn points for:
    Internet and Entertainment
    Utilities
    Insurance
    Learn more
  • two trash cans on the sidewalk in front of a house
    Today

    197 Emerson Street, Rochester, NY 14613
    1 BED $475
  • a living room with a wooden table and a closet
    Today

    6 Wierk Avenue, Liberty, NY 12754
    STUDIO $342+
  • a brick building with a sign on the side of it
    Today

    5933 Main Street, Williamsville, NY 14221
    STUDIO $175
  • a large building with a lawn in front of it
    Today

    Westchester, White Plains, NY 10603
    STUDIO $483
  • a kitchen with stainless steel appliances and a marble counter top
    Today

    4989 Genesee St, Cheektowaga, NY 14225
    STUDIO $99
  • a small building on the side of a street
    Today

    320 Buffalo RD, Rochester, NY 14611
    STUDIO $450
  • Interactive banner bedroom
    How many bedrooms are you
    looking for?
  • the front of a building with the center hacienda sign
    Today

    171 East State Street, Ithaca, NY 14850
    STUDIO Ask for Pricing
  • a tall brick building with a tree in front of it
    Today

    Ridgewood, Ridgewood, NY 11385
    STUDIO $300
  • a sales rents management company logo with the word asset property services
    Today

    112 East Hook Cross Road, Fishkill, NY 12524
    STUDIO $300+
  • a building with a balcony and cars parked in front of it
    Today

    118-120 Grand Street, Croton-On-Hudson, NY 10520
    STUDIO $150
  • a parking lot with cars and trees
    Today

    840 Linden Avenue, Rochester, NY 14625
    STUDIO $450
  • a red brick house with a tree in front of it
    Today

    104 Hinchey Avenue, Lancaster, NY 14086
    STUDIO $175
  • a kitchen with a sink and a window
    Today

    77 Laverack Avenue, Depew, NY 14043
    STUDIO $185
  • a brown and with a sign in front of it
    Today

    476 Terrace Blvd, Depew, NY 14043
    STUDIO $325
  • a dirt road in front of a building
    Today

    797 Main St Land Only, Corfu, NY 14036
    STUDIO $10+
  • a collage of photos with buildings and a dog
    Today

    55 East 210Th Street, Bronx, NY 10467
    2 BEDS Ask for Pricing
  • a city street with cars parked in front of a building
    Today

    314-320 East State Street, Ithaca, NY 14850
    STUDIO $20+
  • a white house with a balcony and a porch
    Today

    91 Laverack Avenue, Depew, NY 14043
    STUDIO $345
  • a house with a bike parked in front of it
    Today

    52 Patsy Lane, Depew, NY 14043
    STUDIO $195
  • a row of houses with trees and plants in front of them
    Today

    Scattered Sites, Rochester, NY 14607
    Income Restricted
    1 BED Ask for Pricing
32-0-state
Nice work, you've checked out every rental here! Expand your search to find your happy place.

Save Search

Getting around in New York, NY

6 /100
Somewhat Bikeable
Bike Score®: 6

Frequently asked questions

When were prices and availability in New York last updated?

Prices and availability in New York were last updated on 21 Feb 2026.

What are the best apartments in New York?

The best apartments in New York are: Vicina - Modern Urban Flats, Greybarn Amityville - 20 Greybarn Lane, Idylwood Resort Apartment Homes, Brookwood at Sayville and Whitney Ridge Apartments.

What type of rental buildings are in New York?

In New York 46% of the housing is rented out compared to 54% of homes are owned, according to the most recent Census Bureau estimates. 28% of New York's apartments are found in large buildings of 50 units or more, 63% are located in smaller apartment complexes with less than 50 units, and 9% are single-family rentals.

Apartments in New York under $500

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $500?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 87 apartments for rent in New York on which you’ll spend less than $500. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

Rentals near you under $500

Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $500. The average rental size in New York is 1,070 Sqft, but the $500 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!