Most Affordable Neighborhoods in Bronx, NY
Some of the cheapest neighborhoods in Bronx are Allerton, Williamsbridge, and East Bronx. These neighborhoods offer some of the lowest rent prices in Bronx, making them ideal for renters on a budget. As of December 26, 2024, the average rent in Bronx is $1,619, which is 0.8% 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.
Allerton
Average Rent
$1,633/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
91/100
Units Available
3 Rentals
When you’re looking for a great Bronx neighborhood on a budget, check out Allerton. The average rent is $1,633, compared to the city average of $1,619. Rent prices have increased by 0.7%. Allerton is convenient to Gun Hill Commons, Monroe College, Bronx Campus, and Poe Park. The community is walkable with a WalkScore® of 90.
Williamsbridge
Average Rent
$1,833/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
91/100
Units Available
3 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.
East Bronx
Average Rent
$1,910/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
85/100
Units Available
14 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.
Van Courtlandt Park
Average Rent
$1,920/Month
TransitScore® Rating
92/100
Units Available
5 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
$1,982/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
86/100
Units Available
11 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.
North Riverdale
Average Rent
$1,998/Month
Year-Over-Year Rent Change
6.6%
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.
Norwood
Average Rent
$2,000/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
100/100
Units Available
3 Rentals
Norwood is an affordable neighborhood in Bronx with an average rent price of $2,000. Compare this to the city average of $1,619. In the past year, rent prices have increased by 0.4%. Norwood provides easy access to Woodlawn, Lehman College, and 360 - 386 E Fordham Rd. It’s a walkable neighborhood with a WalkScore® of 87.
Kingsbridge
Average Rent
$2,183/Month
Year-Over-Year Rent Change
1.5%
TransitScore® Rating
93/100
Units Available
12 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.
Jerome Park
Average Rent
$2,257/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
100/100
Units Available
8 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.
West Bronx
Average Rent
$2,313/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
99/100
Units Available
40 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.
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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.