Most Affordable Neighborhoods in Bronx, NY
Some of the cheapest neighborhoods in Bronx are Williamsbridge, Morris Park, and Allerton. These neighborhoods offer some of the lowest rent prices in Bronx, making them ideal for renters on a budget. As of April 26, 2025, the average rent in Bronx is $1,631, which is 0.7% 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.
Williamsbridge
Average Rent
$1,825/Month
Year-Over-Year Rent Change
0.8%
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.
Morris Park
Average Rent
$1,879/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
85/100
Units Available
3 Rentals
If you’re looking for a great, affordable neighborhood in Bronx, Morris Park might be the perfect place! It has an average rent price of $1,879, while the city’s average stands at $1,631. In the last year, prices have increased by 0.2%. Morris Park is near Fordham University, Rose Hill, Laguardia, and Williamsbridge Oval.
Allerton
Average Rent
$1,921/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
91/100
Units Available
7 Rentals
Allerton is a top choice for budget-conscious renters for a variety of reasons. The average rent in Allerton is $1,921 while the city average is $1,631. This is a 0.7% difference from last year. Residents enjoy convenient access to Gun Hill Commons, Pelham Parkway (5 Line), and John F Kennedy International. The neighborhood is considered walkable with a WalkScore® of 90.
Jerome Park
Average Rent
$1,934/Month
TransitScore® Rating
100/100
Units Available
7 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.
North Riverdale
Average Rent
$2,062/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
68/100
Units Available
4 Rentals
North Riverdale presents an appealing option for renters seeking affordability without sacrificing quality of life. The area features tree-lined streets and a range of housing styles to suit various preferences. Proximity to Van Cortlandt Park adds outdoor recreational opportunities, enhancing its appeal.
Kingsbridge
Average Rent
$2,181/Month
Year-Over-Year Rent Change
1%
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.
East Bronx
Average Rent
$2,196/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
85/100
Units Available
23 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.
Parkchester
Average Rent
$2,253/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
98/100
Units Available
4 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.
Van Courtlandt Park
Average Rent
$2,367/Month
TransitScore® Rating
92/100
Units Available
3 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.
Southeast Bronx
Average Rent
$2,379/Month
Year-Over-Year Rent Change
0.7%
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.
Ready to make your move to Bronx? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
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.