Most Affordable Neighborhoods in Bronx, NY
Some of the cheapest neighborhoods in Bronx are Laconia, Allerton, and Williamsbridge. These neighborhoods offer some of the lowest rent prices in Bronx, making them ideal for renters on a budget. As of March 3, 2025, the average rent in Bronx is $1,626, 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.
Laconia
Average Rent
$1,675/Month
TransitScore® Rating
80/100
Units Available
4 Rentals
Laconia offers a serene living experience with its picturesque Colonial- and Cape Cod-style houses that line the quiet streets. Nestled in a small residential neighborhood, it provides a peaceful retreat without straying too far from city conveniences. Enjoy easy access to green spaces and local amenities, making it an excellent choice for budget-conscious renters.
Allerton
Average Rent
$1,700/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
91/100
Units Available
4 Rentals
If you’re looking for a great, affordable neighborhood in Bronx, Allerton might be the perfect place! It has an average rent price of $1,700, while the city’s average stands at $1,626. In the last year, prices have increased by 0.7%. Allerton is near John F Kennedy International, Yeshiva Univ., Resnick, and Gun Hill Commons.
Williamsbridge
Average Rent
$1,729/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
91/100
Units Available
7 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.
Parkchester
Average Rent
$2,031/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
98/100
Units Available
5 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.
Jerome Park
Average Rent
$2,149/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
100/100
Units Available
9 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.
East Bronx
Average Rent
$2,211/Month
Year-Over-Year Rent Change
0.9%
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
$2,289/Month
Year-Over-Year Rent Change
0.6%
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.
Kingsbridge
Average Rent
$2,306/Month
Year-Over-Year Rent Change
1.3%
TransitScore® Rating
93/100
Units Available
6 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.
West Bronx
Average Rent
$2,310/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
99/100
Units Available
28 Rentals
Known for its proximity to Manhattan, West Bronx provides convenient access to public transportation, making commuting easy. The neighborhood is home to Yankee Stadium as well as a variety of local shops, parks, and restaurants. With more affordable rents compared to other parts of the city, the West Bronx is a practical choice for those seeking value and convenience in their next apartment.
Spuyten Duyvil
Average Rent
$2,429/Month
Year-Over-Year Rent Change
1.6%
TransitScore® Rating
80/100
Units Available
14 Rentals
Spuyten Duyvil provides a picturesque setting with its waterfront views and budget-conscious rental opportunities. Enjoy the scenic beauty of the Hudson River while benefiting from the neighborhood’s commuter-friendly environment. The blend of nature and affordability makes it a hidden gem for savvy renters.
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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.