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Apartments for Rent in New York under $400
15 Rentals Available


New York Demographics

  • Total Population19,572,194
  • Female 9,500,902
    Male 10,071,292
  • Median Age43

Average Rent in New York

  • New York Average Rental Price, September 2021 $2,220 /mo

New York Apartment Rent Ranges

New York Rent Trends

Average Rent Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Mar / 2021 Sep / 2021
New York $2,056 $2,063 $2,116 $2,229 $2,244 $2,238 $2,216 $2,143 $2,110 $2,220
National $1,347 $1,356 $1,361 $1,393 $1,400 $1,402 $1,393 $1,397 $1,485 $1,510
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New York Households

  • Total Number of Households7,343,234
  • Family 4,632,289
    Non-family 2,710,945
  • Children 2,151,245
    No Children 5,191,989
  • Average People Per Household2.52
  • Median Household Income$63,806
  • Median Housing Costs Per Month$980

New York Education Statistics

Renting apartments in New York under $400

Searching for apartments for rent in New York under $400 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, RENTCafé 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. In New York, where the average rent is $159 per month, there are 15 units available for less than $400. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.

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 $400” 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 New York. 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 New York going for $75 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.

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