Bronx renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
On average, the cost of rent in Bronx is about $1,355 per month. This puts it in the 77th percentile compared to the state average cost of rent, which is $1,589. Households in Bronx have a median income of $3,756 per month so the average renter in Bronx is spending roughly 36% of their earnings on housing.
Nationally, and in Bronx, home values are the data point most closely correlated with the cost of rent. The median price of a home in Bronx is $506,936 right now, which is lower than cities nearby, meaning that rents in Bronx also tend to be lower versus these nearby cities.
Higher rent prices are common in the eastern parts of Bronx while lower rent rates are often available in southwestern areas.
Nearby Cities
- Englewood Cliffs, NJ: more expensive rent prices
- Fort Lee, NJ: more expensive rent prices
- College Point, NY: more expensive rent prices
- Pelham Manor, NY: more expensive rent prices
- Mount Vernon, NY: more expensive rent prices
- Edgewater, NJ: more expensive rent prices
- Leonia, NJ: more expensive rent prices
- Locust Point, NY: more expensive rent prices
- City Island, NY: less expensive rent prices
- Englewood, NJ: more expensive rent prices
Cities with Similar Populations
- Phoenix, AZ: more expensive rent prices
- Jacksonville, FL: more expensive rent prices
- Virginia Beach, VA: more expensive rent prices
- Oklahoma City, OK: less expensive rent prices
- San Diego, CA: more expensive rent prices
- Memphis, TN: less expensive rent prices
- Dallas, TX: more expensive rent prices
- Raleigh, NC: more expensive rent prices
- Philadelphia, PA: more expensive rent prices
- Louisville, KY: less expensive rent prices
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