Cheapest Neighborhoods in Bronx, NY
Some of the cheapest neighborhoods in Bronx are Kingsbridge Heights, Jerome Park, and South Bronx. These neighborhoods offer some of the lowest rent prices in Bronx, making them ideal for renters on a budget. As of August 2, 2026, the average rent in Bronx is $1,655, which is 0.4% 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.
Kingsbridge Heights
Average Rent
$2,649/Month
Units Available
16 Rentals
Kingsbridge Heights is a top choice for budget-conscious renters for a variety of reasons. The average rent in Kingsbridge Heights is $2,649 while the city average is $1,655.
Jerome Park
Average Rent
$2,658/Month
Year-Over-Year Rent Change
1.3%
Units Available
17 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.
South Bronx
Average Rent
$3,090/Month
Year-Over-Year Rent Change
1.4%
Units Available
207 Rentals
When you’re looking for a great Bronx neighborhood on a budget, check out South Bronx. The average rent is $3,090, compared to the city average of $1,655. Rent prices have decreased by 1.4%. South Bronx is convenient to LaGuardia, Bronx Community College, and The Hub.
Mott Haven
Average Rent
$3,126/Month
Year-Over-Year Rent Change
1.2%
Units Available
200 Rentals
Mott Haven is an affordable neighborhood in Bronx with an average rent price of $3,126. Compare this to the city average of $1,655. In the past year, rent prices have increased by 1.2%. Mott Haven provides easy access to Hostos Community College, The City College of New York, and Randall's Island Park.
Harlem River Waterfront
Average Rent
$3,133/Month
Year-Over-Year Rent Change
7.9%
Units Available
198 Rentals
If you’re looking for a great, affordable neighborhood in Bronx, Harlem River Waterfront might be the perfect place! It has an average rent price of $3,133, while the city’s average stands at $1,655. In the last year, prices have decreased by 7.9%. Harlem River Waterfront is near 414 Willis Ave, Mill Pond Park, and 473 Willis Ave.
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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.