Cheap Apartments In New York City
New York

Low Income Apartments In New York City

Target V

1975 Grand Ave
New York City, NY
Income Based
Studio-3 BR
HCV Welcome
VASH Welcome

Oceanview

146 Beach 24th St.
New York City, NY
$980-1,183
1-2 BR
HCV Welcome

River Park Towers

55 Richman Plaza
New York City, NY
2 BR
Subsidized

Southern Boulevard I

712 Fox St
New York City, NY
Studio-4 BR
Subsidized

Remeeder Houses

331 Alabama Ave
New York City, NY
Subsidized

Good Neighbor Apartments

122 E. 104 Street
New York City, NY
Subsidized

2059 Madison Avenue

2059 Madison Avenue
New York City, NY
Subsidized

Thessalonica Court Apartments

350 Saint Anns Avenue
New York City, NY
Subsidized

Medgar Evers Houses

745 Gates Ave
New York City, NY
HCV Welcome

Grace Towers

2060 Pitkin Avenue
New York City, NY
Subsidized

There are 2,476 low income housing apartment complexes which contain 373,396 affordable apartments for rent in New York City, New York. Many of these rental apartments are income based housing with about 233,999 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 52,706 Project-Based Section 8 subsidized apartments in New York City. There are 137,048 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve New York City

Housing Authority Programs
New York City Deptartment of Housing Preservation and Development Section 8 Housing Choice Voucher
New York State Homes and Community Renewal Section 8 Housing Choice Voucher
New York City Housing Authority Section 8 Housing Choice Voucher; Public Housing

Other Housing Authorities located in New York City

Housing Authority Programs
New York State Housing Finance Agency Section 8 Housing Choice Voucher

Understanding Affordable Housing in New York City, New York

New York City, NY Affordable Housing Snapshot

Total Affordable Apartment Properties 2,476
Total Low Income Apartments 373,396
Total Rent Assisted Apartments 233,999
Percentage of Housing Units Occupied By Renters 68.16%
Average Renter Household Size 2.55
Total Population 8,426,743
Housing Units 3,113,535
Average Household Size 2.65
Median Household Income $53,373 ±$269
Median Rent $1,255 ±$4
Percentage Of Renters Overburdened 51.36% ± 0.28pp

Population and Household Demographics

New York City is a City in New York with a population of 8,426,743. There are 3,113,535 households in the city with an average household size of 2.65 persons. 68.16% of households in New York City are renters.

Income and Rent Overburden in New York City

The median gross income for households in New York City is $53,373 a year, or $4,448 a month. The median rent for the city is $1,255 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In New York City, a household making less than $4,183 a month would be considered overburdened when renting an apartment at or above the median rent. 51.36% of households who rent are overburdened in New York City.1

Data derived from 2010 Census and 2015 5-Year American Community Survey. Learn More.
1 Margin of Error: ± 0.28 percentage points.