Bronx, New York Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Bronx, New York rental market.
Bronx, New York
Average Apartment Rent in November 2021
Y-o-Y Change in Average
Compared to a year ago, Bronx, New York apartments have recorded a -1.8% rent decrease.
Bronx, New York |Average apartment rent trend
Bronx, New York| Average apartment rent
Bronx, New York | Apartment rent ranges
At 78.18%, apartments priced $1,500 - $2,000 represent the bulk of Bronx, New York rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 21.82%.
Bronx, New York | Housing tenure**
Renters take up 80% of Bronx, New York real estate, occupying a total of 404,617 units, while homeowners live in 99,212 properties.
Median number of rooms of renter-occupied housing units**
Renter median household income**
Average household size of renter-occupied housing units**
Rental vacancy rate**
Bronx, New York | Renter-occupied housing units by no. of bedrooms**
There are 148,173 rentals in Bronx, New York with 2 beds making up the highest share of the market, at 37%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 8,517 units. Overall, the median number of rooms in Bronx, New York homes for rent is 3.7.
Bronx, New York |Renter-occupied units by age of householder**
Most condos for rent in Bronx, New York are occupied by residents in the 45 - 54 years age group (21%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 2%.
Bronx, New York | Renter-occupied housing units by family type**
Bronx, New York | Renter-occupied housing units by the presence of own children**
A total of 254,883 apartments for rent in Bronx, New York, or 63% of all rentals are family households. Additionally, 38% of rental homes include children under the age of 18 – that’s 154,323 units. All in all, the median size of a renter-occupied household in Bronx, New York is 2.72.
Bronx, New York | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 17% of the rental market. In contrast, residents with less than a high school degree reside in 29% of the homes for rent in Bronx, New York.
Bronx, New York | Renter-occupied units by year structure built**
The highest share of Bronx, New York apartment rentals, namely 40% or 162,418 units, were Built 1939 or earlier, followed by those Built 1950 - 1959 (12%, 50,351 units), and the ones Built 1960 - 1969 (12%, 48,884 units).
Bronx, New York | Renter-occupied units by year householder moved in**
Median year renter moved into unit2010
Most Bronx, New York renters (30%) moved in 2010 to 2014, while only 7% of them moved in 2017 or later. Overall, the median year renters have occupied their Bronx, New York condos for rent is 2010.
Bronx, New York | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 68% of Bronx, New York renters have No vehicle available per household, 26% of them have 1 vehicle available, and 5% have 2 vehicles available.
Bronx, New York | Means of transportation to work of householders living in renter-occupied housing units**
Bronx, New York |Geographical mobility in the past year for householders living in renter-occupied housing units**
Bronx, New York | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Bronx, New York apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2019 American Community Survey 5-Year Estimates