lower east side studio

Our Rental of the Week offers bright windows and exposed brick for well under the neighborhood median price.

It’s easy to feel like a place of your own in Manhattan is an impossible dream. Affordable places can be tricky to find, especially if you aspire to live in a hot neighborhood. So our Rental of the Week feels a little bit like a miracle: A studio apartment that’s actually bright and cute, in a prime downtown location, for less than $2K per month. And there’s even a dishwasher!

Address: 173 Ludlow St. #4B

Price: $1,970

Size: studio

Neighborhood: Lower East Side

Best feature: If downtown life is what you crave, it’s hard to overstate this location. On the northernmost block of Ludlow Street, between Houston and Stanton, this is practically a nexus of restaurants, bars, and nightlife. You’re right near renowned local mainstays like Katz’s and Russ & Daughters, and right on the edge of the East Village. And you’re also in prime position to take advantage of the city’s recent Open Streets program.

In addition, this is a sweet little studio! It’s got two big, bright windows, a wall of exposed brick, and hardwood floors. Recessed lighting means you don’t have to waste floor space on lamps. And the kitchen has a full suite of new appliances, including a built-in microwave and even a dishwasher.

Why it’s a deal: The median rent for a Lower East Side studio apartment is $2,200. That puts our Rental of the Week at more than $200 per month below average for the neighborhood. And even though it’s promotional pricing based on one month free, the gross rent of $2,150 is still below average.

Manhattan Rentals Under $2,500 on StreetEasy Article continues below

Biggest drawback: As is the case with many downtown bargains, this apartment is a walkup. And as is the case with many studios, it’s not exactly spacious. But this Lower East Side studio has a lot going for it — a private oasis in the middle of the LES hustle, for a great price.

See the listing: 173 Ludlow St. #4B, on the Lower East Side. Contact listing agents Jordan Steiner and Irvin Ocanto at Bold New York for more details.

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