Cheap Gyms NYC: Ludlow Fitness

Ludlow Fitness in the Lower East Side is currently offering a special: $449 for a year membership with no initiation fee if you pay in full (if you pay monthly it works out to about $60 a month). Equinox it ain't - no scented towels or fancy sauna here, but it's clean, the equipment is new, and they offer yoga, spinning, and pilates classes. And, at $37 a month, it's cheap to boot.