Cheap Homes for Rent in Pelham Parkway Neighborhood of Bronx, NY from $2,000 (12 Rentals)

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Search the lowest-cost Homes available for rent right now in the Pelham Parkway area of Bronx.

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

Cheapest Available Pelham Parkway Apartments for Rent

 

The cheapest available apartment rental in the Pelham Parkway area of New York, NY is a Studio unit found at 531 E 187th St priced from $1,600. The Equestrian At Pelham Parkway has the second lowest priced unit, which is a Studio apartment currently listed from $1,700. Here are the most affordable Pelham Parkway apartments for rent in New York, NY:

Apartment ListingModel NameBed/BathPriced From
531 E 187th StStudio, 1 bathStudio,1BA$1,600
The Equestrian At Pelham ParkwayStudioStudio,1BA$1,700
Parkchester1 Bedroom1BR,1BA$1,950
Pelham Residence1 Bed | Balcony1BR,1BA$2,750
558 E 191st St1 Bed, 1 bath1BR,1BA$2,900

Best Value Apartments for Rent in Pelham Parkway, NY

As of April 14, 2025 the best value apartment in the Pelham Parkway 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 Pelham Parkway apartment is the 1 Model at 2486 Hughes Ave 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 Pelham Parkway apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
514 E 188th St24BR,2BA$4.50
2486 Hughes Ave12BR,1BA$5.75
2505 Hoffman St3 Beds, 1 bath3BR,1BA$5.75
Parkchester1 Bedroom1BR,1BA$2.77
2501 Hughes Ave1 Bed, 1 bath1BR,1BA$6.62
Pelham Residence1 Bed | Balcony1BR,1BA$4.78
The Arabella1BR/1BA1BR,1BA$6.10
The Equestrian At Pelham ParkwayStudioStudio ,1BA$3.40
531 E 187th StStudio, 1 bathStudio ,1BA$7.11

Frequently Asked Questions about Pelham Parkway

What type of rentals are currently available in Pelham Parkway?

There are currently 461 Apartments for Rent in Pelham Parkway, NY with pricing that ranges from $1,550 to $7,300. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pelham Parkway ranging from $2,000 to $3,777.

What is the current price range for Rental Homes in Pelham Parkway?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Pelham Parkway ranges from $2,000 to $3,777 with an average monthly rent of $2,703.

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.

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The 10 Best Affordable Neighborhoods for Renting in New York City

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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.

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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.

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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.

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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.