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Apartments for Rent in New York under $500

25 Rentals Available
Apartments for Rent in New York under $500. 25 Rentals Available
  • a kitchen with stainless steel appliances and wood flooring
    11
    Today

    1153 Airport Road, Hornell, NY 14843
    2 BEDS $100+
  • a sales rents management company logo with the word asset property services
    9
    Today

    112 East Hook Cross Road, Fishkill, NY 12524
    STUDIO $300+
  • a meeting room with desks and chairs and paintings on the wall
    14
    Today

    Building #, Astoria, NY 11106
    STUDIO Ask for Pricing
  • A silver car is parked on the side of the street in front of a building.
    5
    Today

    The New 1050 Hancock Street HDFC, Brooklyn, NY 11221
    STUDIO $486+
  • a living room with a couch and a table
    32
    Today

    5933 Main Street, Williamsville, NY 14221
    STUDIO $175
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  • a rendering of a grey building on a city street
    85
    Today

    2633 Ocean Avenue, Brooklyn, NY 11229
    STUDIO $350
  • a building with a balcony and cars parked in front of it
    47
    Today

    118-120 Grand Street, Croton-On-Hudson, NY 10520
    STUDIO $150
  • an apartment building with a white truck parked in front
    13
    Today

    179 Saratoga Ave, Yonkers, NY 10705
    1 BED $410+
  • A tall apartment building with a bicycle parked in front.
    18
    Today

    226 Linden Blvd, Brooklyn, NY 11226
    STUDIO $147
  • a dirt road in front of a building
    Today

    797 Main St Land Only, Corfu, NY 14036
    STUDIO $10+
  • a kitchen with black appliances and granite counters and wood cabinets
    Today

    975 Tiffany Street, New York, NY 10459
    Income Restricted
    STUDIO Ask for Pricing
  • Interactive banner bedroom
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  • A street view of a building with a storefront at the corner.
    9
    Today

    152 Norman Avenue, Brooklyn, NY 11222
    STUDIO $500
  • a living room with chairs and a fireplace
    Today

    2 Stonehill Drive, S. Glens Falls, NY 12803
    Income Restricted
    1 BED Ask for Pricing
  • a kitchen with white appliances and wooden cabinets
    Today

    120 North Main Street, Canandaigua, NY 14424
    Income Restricted
    STUDIO Ask for Pricing
  • an empty kitchen with a stove and a sink
    Today

    127 First Street, Rochester, NY 14605
    Income Restricted
    3 BEDS Ask for Pricing
  • 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
16-0-state
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Frequently asked questions

When were prices and availability in New York last updated?

Prices and availability in New York were last updated on 3 Dec 2025.

What are the best apartments in New York?

The best apartments in New York are: Brookwood at Sayville, Brookwood at Holbrook, Brookwood at Bay Shore, Brookwood at Islip and Brookwood at Oakdale 55+.

What type of rental buildings are in New York?

In New York, 46% of the residents are renting compared to 54% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 28% of New York’s rentals, 63% are small-scale complexes with under 50 units, and 9% are single-family rentals.

Your search for apartments in New York under $500 stops here

Finding apartments for rent in New York for less than $500 has never been so easy! At RentCafe nice cheap apartments are just one click away. There are currently 25 available units in New York, renting for under $500. On average, $723 can get you 2,327 Sqft in this area. Be sure to search for the apartment that is best for you. Under “More”, check the amenities that you consider a must-have, and don’t forget to look at the pet policy. Fitness enthusiasts can even check the Fitness Center box. Whether you are looking for studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, you are sure to find one that will make you want to move in right away.

We’ll help you find the best rental near you

Having to compromise on either price or location can turn your “apartments near me under $500” search into a nightmare. At RentCafe we recognize the importance of both. Therefore, we offer a variety of filters that can help you find exactly what you want. Sorting the results by rent, ascending, will make the cheapest units show up first on the list. Try it out! You will find that right now the cheapest apartment under $500 in New York goes for $147 per month. If some of the results are outside the area of your choice, you can go to the left side of the screen and draw a radius or a polygon around your location. Now you will only see results that are relevant to you.

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