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NoFeeRentalByOwner.com Tips:  The last of the cheap
neighborhoods

Astoria, Queens:  Only a short ride to Manhattan and filled
with lots of great cafes, coffee shops, restaurants, and a
large outdoor beer garden,
Astoria represents a fantastic
New York value.  The are plenty of walkup apartment
buildings and private homes to be found at very reasonable
prices.  The N or W trains are within walking distance
anywhere in the neighborhood

Forest Hills, Queens:  With great views of Manhattan, and a
wonderful collection of shops, boutiques, and restaurants,
Forest Hills represents a great New York value.  Although it
will take about 30 minutes to get to midtown
Manhattan.  
The E, F, R, G and V trains are within walking distance from
most places within
Forest Hills

Red Hook, Brooklyn:  Yes, Red Hook has been undergoing
a transition over the last number of years but still offers
some great values.  While it will take between 15 and 20
minutes to walk to the F train, there are some wonderful
brick townhouses and walkup buildings to be found.