Cheap Party Spaces for Rent in New York City

Who says you cannot throw a party on a limited budget? New York City has plenty of cheap rentals that will suit your style and party theme! Although the atmosphere and outcome of your party will mostly rely on the guests you invite, choosing a good rental space is an important way to guarantee your party’s success. Hop on Tagvenue and discover the next great space for your awesome party!

Below, there are some key points you should take into account when organizing a party. Add them to your planning list and you can be sure that your party will be a hit!

Budget - Decide on your budget before you do any booking. Plan how much you want to spend on the rental, as well as all the incidentals: food, drinks, birthday cake (if you want to have one), decorations, and invitations. We recommend calculating which options will be easier on your budget: hiring an outside caterer or finding a space that offers food and has a bar. Don’t be afraid to ask venue managers questions about the price, and always try negotiating. The more research you do, the better chance you’ll find a place that is perfect for your budget and your party!

Theme - Picking a theme can be a fun way to spice up your party and make it more memorable! There are plenty of sites on the internet that can get your brain into an inspirational mode so you can come up with great ideas on the decor, dress code, music, food, and beverages. Classic 80s party or with a neon spin? Maybe a get-together straight from the 1950s? The choice is yours! Just make sure it will resonate well with your crowd! 

Guest Number - Make a guest list so you can get a fair idea of how much space you will need for you and your guests to feel comfortable. Also, it will help you estimate how much you can afford to spend on one person within the budget you’ve set. Will there be any children? Or maybe it’s an adults-only gathering? Making sure you know exactly who will be coming also comes in handy when you are picking a party rental space that will cater to the needs of all your guests, even the youngest ones. 

Location - Check the area where the rental space is located and figure out the local transport connections. Are there any nightclubs around? Or is it in a residential area? Throwing a lavish party can be problematic there, as you may face obstacles with local zoning ordinances and unhappy residents. On the other hand, if you pick a secluded area, make sure it has a suitable transport connection. 

Pick a date - Don’t choose only one date, but make sure you have some more options up your sleeve. There might be a chance the party rental you like won’t be available on your primary choice. Some of our venues are quite popular, especially during national holidays and summer weekends, so we recommend booking a venue a few months prior to your event. That way you will have many more options to choose from. Also, chances will be much higher that you will be able to successfully book an affordable space on your first choice date!   

Decor - If you’ve already decided on your theme, now’s the time to pick the decor that will highlight it! Browse through our list of party space venues and choose the one that is the closest to your taste and theme. Go to the nearest store and grab the party supplies you need, such as decorations, balloons, and party lights. Always confirm your decoration wants with the venue manager before hanging anything, some venues, especially historical ones, may have rules against it. If you have a certain vision in mind of how to decorate the space for your party, consider searching for a blank canvas party space. 

Food & Beverages - Whether you choose to let the party space handle the catering, hire an external vendor, or choose to make the food on your own, don’t forget to ask your guests about any dietary restrictions and food allergies. When it comes to beverages, some venues provide cocktail packages and drink bars. Other venues may have a BYOB policy, so make sure you determine ahead of time what type of drinks you will offer at your party.    

Additional equipment - Although many venues on our website provide information about basic sound systems, such as speakers and Bluetooth options, if you need any additional equipment such as a projector or microphones, you should ask the venue manager for more detailed information about what equipment is available and whether its use is included in the hire fee.  

Invitations - If you’re ready with your guest list, pick invitations that match your theme and send them out at least one month prior to the event. The sooner, the better! This will make sure that your guests know to ‘save the date’. Also, be sure to request an RSVP, this will make your planning much easier. . We also recommend including any directions on how to get to the party location and reminding your guests about any party details, such as if there’s a dress code. 

Cheap Party Spaces in New York City FAQ

How much does it cost to rent a party space in New York?

Across New York City, you will find various prices for party space rentals suitable for all pockets. In some affordable party rental spaces, prices are charged either per hour- from $40 up to $300, or per session, where the rental fees start from $30 to $100. Rentals for a whole day can cost around $2000 (Based on data from Tagvenue). 

Where can I find cheap party spaces in Manhattan?

Take a look at spaces in West Village near the intersection of Hudson Street and 8th Avenue. Soho also hides hidden gems on Spring Street. Also, scan the surroundings of Lower Manhattan, especially Warren Street. 

How much does it cost to host a party?

If you want to host a party at affordable prices you should expect to pay at least $1000 for your rental. It all depends on the number of guests you’ve decided to invite, menu, and other incidentals, such as hiring a DJ. However, if you choose a space rental that you like, don’t be afraid to ask for discounts.

Can I host a small party in New York City?

New York has a wide range of small rental spaces perfect for small gatherings of up to 20 people. To make it easier for you, we’ve listed a couple of our favorites below:

• Krupa Grocery - located on the South Slope of Brooklyn, this party space can host either small or large parties at affordable prices. 
• Gran Morsi - an outdoor terrace on Warren St, this amazing space is ready to host parties every season. 
• St Tropez Soho - with its rustic and lovely decor this venue is perfect for small gatherings.