Best Affordable Neighborhoods in Bronx, NY
Some of the cheapest neighborhoods in Bronx are East Bronx, Southeast Bronx, and Jerome Park. These neighborhoods offer some of the lowest rent prices in Bronx, making them ideal for renters on a budget. As of May 3, 2026, the average rent in Bronx is $1,633, which is 0.4% lower 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.
East Bronx
Average Rent
$2,179/Month
Year-Over-Year Rent Change
0.7%
Units Available
22 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
$2,452/Month
Year-Over-Year Rent Change
1%
Units Available
15 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.
Jerome Park
Average Rent
$2,549/Month
Year-Over-Year Rent Change
1.1%
Units Available
19 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
$2,579/Month
Year-Over-Year Rent Change
1%
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.
Mott Haven
Average Rent
$3,074/Month
Year-Over-Year Rent Change
8.1%
Units Available
253 Rentals
When you’re looking for a great Bronx neighborhood on a budget, check out Mott Haven. The average rent is $3,074, compared to the city average of $1,633. Rent prices have decreased by 8.1%. Mott Haven is convenient to 3 Avenue-149 Street, The Hub, and Randall's Island Park.
Harlem River Waterfront
Average Rent
$3,076/Month
Year-Over-Year Rent Change
9.7%
Units Available
251 Rentals
Harlem River Waterfront is an affordable neighborhood in Bronx with an average rent price of $3,076. Compare this to the city average of $1,633. In the past year, rent prices have decreased by 9.7%. Harlem River Waterfront provides easy access to Randall's Island Park, Columbia University, and Mill Pond Park.
South Bronx
Average Rent
$3,121/Month
Year-Over-Year Rent Change
3.9%
Units Available
294 Rentals
If you’re looking for a great, affordable neighborhood in Bronx, South Bronx might be the perfect place! It has an average rent price of $3,121, while the city’s average stands at $1,633. In the last year, prices have decreased by 3.9%. South Bronx is near East 149 Street, John F Kennedy International, and The City College of New York.
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.