Most Affordable Neighborhoods in Bronx, NY

Some of the cheapest neighborhoods in Bronx are Van Nest, Allerton, and Williamsbridge. These neighborhoods offer some of the lowest rent prices in Bronx, making them ideal for renters on a budget. As of April 2, 2025, the average rent in Bronx is $1,628, which is 0.9% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.

Van Nest

Average Rent

$1,925/Month

Year-Over-Year Rent Change

0.4%

TransitScore® Rating

95/100

Units Available

4 Rentals

If you’re looking for a great, affordable neighborhood in Bronx, Van Nest might be the perfect place! It has an average rent price of $1,925, while the city’s average stands at $1,628. In the last year, prices have increased by 0.4%. Van Nest is near Yeshiva Univ., Resnick, East 180 Street, and Lehman College.

Allerton

Average Rent

$1,936/Month

Year-Over-Year Rent Change

0.8%

TransitScore® Rating

91/100

Units Available

6 Rentals

Allerton is a top choice for budget-conscious renters for a variety of reasons. The average rent in Allerton is $1,936 while the city average is $1,628. This is a 0.8% difference from last year. Residents enjoy convenient access to Poe Park, Shops at Gun Hill Road, and Morris Park. The neighborhood is considered walkable with a WalkScore® of 90.

Williamsbridge

Average Rent

$2,050/Month

Year-Over-Year Rent Change

0.9%

TransitScore® Rating

91/100

Units Available

6 Rentals

Williamsbridge stands out with its charming residential streets and proximity to essential services. The neighborhood is well-connected by public transportation, ensuring smooth commutes to various parts of the city. Affordable housing options abound, making it a practical choice for those looking to balance cost and comfort.

Jerome Park

Average Rent

$2,131/Month

Year-Over-Year Rent Change

0.2%

TransitScore® Rating

100/100

Units Available

6 Rentals

Jerome Park captivates with its scenic views and calm residential atmosphere. Known for its budget-friendly rentals, this neighborhood offers a blend of suburban peace within urban reach. The nearby park of the same name provides an oasis of greenery and a perfect spot for relaxation along the Jerome Park Reservoir.

Kingsbridge

Average Rent

$2,162/Month

Year-Over-Year Rent Change

1.4%

TransitScore® Rating

93/100

Units Available

7 Rentals

Kingsbridge appeals to renters with its mix of cost-effective housing and vibrant community facilities. The neighborhood offers diverse dining and shopping experiences within walking distance, and the nearby Kingsbridge Armory satisfies history buffs. Its strategic location near major roads and public transport enhances convenience and accessibility.

East Bronx

Average Rent

$2,198/Month

Year-Over-Year Rent Change

1%

TransitScore® Rating

85/100

Units Available

27 Rentals

In East Bronx, renters can discover a variety of budget-friendly apartments amidst a backdrop of rich cultural diversity. This area is known for its affordable housing and convenient access to public amenities, such as parks and shopping centers. Experience the community vibe while enjoying the financial flexibility it offers.

Southeast Bronx

Average Rent

$2,240/Month

Year-Over-Year Rent Change

0.8%

TransitScore® Rating

86/100

Units Available

22 Rentals

Southeast Bronx is characterized by its affordable apartments and convenient location close to major transportation hubs. The area's well-connected transit options facilitate easy travel throughout the city. With plenty of nearby amenities, it ensures a comfortable and budget-friendly lifestyle.

Van Courtlandt Park

Average Rent

$2,274/Month

TransitScore® Rating

92/100

Units Available

6 Rentals

Van Courtlandt Park’s surroundings present a tranquil escape for those seeking cost-effective living options. This neighborhood, adjacent to one of the city's largest parks, offers a unique backdrop for outdoor enthusiasts. Renters here enjoy the dual benefits of economical housing and abundant recreational opportunities.

Parkchester

Average Rent

$2,288/Month

Year-Over-Year Rent Change

0.6%

TransitScore® Rating

98/100

Units Available

6 Rentals

Parkchester boasts an array of reasonably priced rental options within its well-maintained apartment complexes. The neighborhood's layout includes ample green spaces and convenient shopping venues, contributing to a balanced lifestyle. Residents appreciate the blend of affordability alongside accessibility to daily necessities.

Wakefield

Average Rent

$2,299/Month

Year-Over-Year Rent Change

1.2%

TransitScore® Rating

88/100

Units Available

4 Rentals

Wakefield, located in the northernmost part of the Bronx, is a neighborhood rich in Caribbean culture and a significant historical backdrop. Residents enjoy local amenities, convenient access to the 2 and 5 subway lines, and a strong sense of community.

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Methodology

Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.

We've combined this data with public records to provide the most current rental information available.