Discover cheap banquet halls in New York City for your next event! Planning a celebration or gathering in the city shouldn't break the bank. That’s why budget-friendly banquet spaces are the perfect solution for anyone seeking economical yet elegant venues. Whether it's for weddings, corporate events, or family reunions, our platform offers a variety of inexpensive banquet halls that cater to your needs without compromising on quality. Experience New York charm with spaces that are ideal for both intimate gatherings and grand celebrations.
The cost of cheap banquet halls in New York City averages around $350 hire fee per hour. The final price will depend on location, size, amenities, and demand. Some venues also offer additional packages that include catering, AV equipment, or additional services. Take a look at the usual price ranges in New York City, based on Tagvenue data:
From $150 | to $550 | hire fee per hour |
From $50 | to $99 | per person |
From $1500 | to $10000 | hire fee per event |
Based on the popularity and user ratings on Tagvenue (updated August 2025), the best options include:
Entire Studio at Studios by SK
in Greenpoint - rated 5/5
Our user said: ‘Stylish, modern, very spacious, open concept layout which was perfect for my photoshoot / event.’
ILA Bar Room & Sanctuary at ILA Penthouse
in Chelsea - rated 4.7/5
Venue said: Whether you are interested in an intimate dinner, throwing a launch party, or challenging yourself to learn a new skill, ILA Penthouse is the place to be.
Sotto Lounge at Gelso & Grand
in Little Italy - rated 4.7/5
Our user said: ‘Beautiful space & great food. Loved the disco ball and the fact that we could play our own music.’
Yes, you can definitely customize the decor and layout in the budget-friendly banquet halls available for rent in New York City. These venues offer the flexibility to personalize your event according to your specific style and needs, whether it's for a wedding, corporate event, or any other gathering. You can arrange the space, choose your decorations, and set up the venue to reflect your event's theme, ensuring your guests a unique and memorable experience. However, it is essential to discuss the details with the venue manager before booking the venue so you are aware of the venue’s rules and policies on outside decor.
Here are some essential tips for planning a banquet in New York City on a budget:
Catering is a significant consideration when hosting an event in New York City's affordable banquet halls. Fortunately, many of these venues, including popular choices like the Laterna Estiatorio and the ILA Bar Room at ILA Penthouse, offer excellent in-house catering services. These venues not only provide space for your event but also ensure that your guests enjoy a culinary experience that complements the ambiance. The in-house catering at these locations means one less vendor to coordinate with, making your planning process smoother.