Cheap Apartments for Rent in the Parkchester Neighborhood of Bronx, NY from $1,500 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkchester area of Bronx.

The Equestrian At Pelham Parkway

1946 E Tremont Ave
New York's Best Affordable Neighborhoods
Learn about New York and the best places to live with original content written by our Local Expert Joshua Carlucci

1919 McGraw Ave

Fordham Place
Parkchester
Named as one of the Best Affordable Areas to rent in New York by our New York, NY Local Expert Joshua Carlucci. See how it ranks!
Parkchester, Bronx, NY Local Guide

How much does it cost to rent an apartment in Parkchester?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Parkchester Studio Apartments | $1,781 | $1,550 | $2,100 |
Parkchester 1 Bedroom Apartments | $2,821 | $1,875 | $4,400 |
Parkchester 2 Bedroom Apartments | $3,251 | $2,200 | $4,600 |
Parkchester 3 Bedroom Apartments | $4,269 | $2,700 | $5,200 |
Parkchester 4 Bedroom Apartments | $5,780 | $5,000 | $6,400 |
Browse Apartments in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Parkchester Neighborhood of Bronx, NY.
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Cheapest Available Parkchester Apartments for Rent
 The cheapest available apartment rental in the Parkchester area of New York, NY is a Studio unit found at The Equestrian At Pelham Parkway priced from $1,700. Parkchester has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,950. Here are the most affordable Parkchester apartments for rent in New York, NY:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Equestrian At Pelham Parkway | Studio | Studio,1BA | $1,700 |
Parkchester | 1 Bedroom | 1BR,1BA | $1,950 |
Pelham Residence | 1 Bed | Balcony | 1BR,1BA | $2,750 |
Best Value Apartments for Rent in Parkchester, NY
As of March 28, 2025 the best value apartment in the Parkchester area is the $4.50 price per square foot 2 Model at 514 E 188th St in the in the Belmont neighborhood starting from $4,500. The second greatest value Parkchester apartment is the 3 Beds, 1 bath Model at 2505 Hoffman St starting at $4,600 with a $5.75 price per square foot in the Belmont neighborhood. Here is today’s list of the best values for Parkchester apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
514 E 188th St | 2 | 4BR,2BA | $4.50 |
2505 Hoffman St | 3 Beds, 1 bath | 3BR,1BA | $5.75 |
2486 Hughes Ave | 1 | 2BR,1BA | $5.75 |
Parkchester | 1 Bedroom | 1BR,1BA | $2.77 |
2501 Hughes Ave | 1 Bed, 1 bath | 1BR,1BA | $6.62 |
Pelham Residence | 1 Bed | Balcony | 1BR,1BA | $4.78 |
The Arabella | 1BR/1BA | 1BR,1BA | $6.10 |
The Equestrian At Pelham Parkway | Studio | Studio ,1BA | $3.40 |
Getting Around the Parkchester Neighborhood in Bronx, NY
Walk Score®
92 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
62 / 100
Bikeable
Some bike infrastructure
Transit Score®
98 / 100
Rider’s Paradise
World-class public transportation
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Parkchester Apartments
What is the price of a cheap apartment in Parkchester?
The cheapest apartment in Parkchester is The Equestrian At Pelham Parkway which is listed at $1,875, while the average apartment in Parkchester costs $7,300.
What types of apartments are the cheapest in Parkchester?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 5 regular apartments in Parkchester that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Parkchester?
Cheap apartments in Parkchester have an average cost of $994 which is $6,306 cheaper than the average rent for all rentals in Parkchester.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

The 10 Best Affordable Neighborhoods for Renting in New York City
Written by: Joshua Carlucci
New York City is the city that never sleeps, but it’s also the city that’s often synonymous with sky-high rents and steep living costs. That said, if you’re like many of us at ApartmentHomeLiving.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.