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Any of the apartment complexes in town will probably be over $500 for a single. Maybe not, though. There are several new complexes going up, but I don't think they'll be any cheaper.
You're better off looking in the local paper (ljworld.com) or on craigslist for an apt. There are still a lot of "for rent" signs around town. You will definitely be able to find a single or studio for under $500.
I would have your boyfriend email his dept and contact some of the other grad students for advice (the dept secretary will be able to distribute his request to a grad student listserv). In my experience, grad students are helpful and will try hard to help people new to their dept. Its possible someone could put him up for a while on the cheap. I have even known people to pitch a tent in someone else's lawn (for free!) for a month or two while they were between apts. But more practically, someone should be able to help him make decisions on good/bad parts of town for students, buslines, proximity to campus, etc, and then he can weed out the bad apt ads.
Good luck!
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