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Apartments for Rent in Brooklyn, NY under $500

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  • Only 1 unit left
    Studio $350
    Base rent
    Verified Listing

    Rent Vector

    4.5 (11)
    2633 Ocean Avenue, Brooklyn, NY 11229
    Apply online • Pet friendly
  • Studio $500
    Base rent
    Verified Listing

    152 Norman Avenue Brooklyn NY

    152 Norman Avenue, Brooklyn, NY 11222
    Pet friendly • Dishwasher • Washer/Dryer
  • Studio $147
    Base rent
    Verified Listing

    Ruby's Place

    226 Linden Blvd, Brooklyn, NY 11226
    Pet friendly
  • 3-0-city
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Frequently asked questions

When were prices and availability in Brooklyn, NY last updated?

Prices and availability in Brooklyn, NY were last updated on 23 Aug 2026.

What are the best apartments in Brooklyn, NY?

The best apartments in Brooklyn, NY are: 260 Gold, 1134 Fulton Street, Two Blue Slip, The Paxton and One Blue Slip.

What type of rental buildings are in Brooklyn, NY?

In Brooklyn, 70% of the residents are renting compared to 30% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 27% of Brooklyn's rentals, 71% are small-scale complexes with under 50 units, and 1% are single-family rentals.

Renting apartments in Brooklyn, NY under $500

Searching for apartments for rent in Brooklyn, NY under $500 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $500” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Brooklyn, NY. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Brooklyn, NY going for $147 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.