Renting an apartment in Bronx – how much money will you need

New York City is one of the most popular moving destinations. This has been like so for plenty of years now. There is just something about New York City that attracts large numbers of people to want to live here. It could be the fact that there are plenty of opportunities here to explore or the fact that it is one of the most fun places to live in as there is something to do and see wherever you turn your head. No matter what your reason for moving to New York City is, we say go for it! But have in mind that NYC is also one of the most expensive cities in the country. Especially when it comes to real estate. Housing is very expensive throughout the city of New York. No matter whether you are renting or purchasing a home, you will surely need a stable income in order to be able to afford to live in this place comfortably. But most people end up renting an apartment in Bronx for the first few months of living in New York City.

If you want to know just how much money will you need in order to live comfortably in New York City while renting an apartment in Bronx, you came to the right place. Here is where you can read all the information you need to know before moving to NYC.

About the Bronx

The Bronx is just one of a couple of affordable New York City neighborhoods that are to be found. But the Bronx is by far the most popular one and the best one to live in by the statements of many people who moved to New York City and lived in the Bronx. Most people state this is so because of the fact that this is a borough located just above Manhattan.

The Bronx streets.
The Bronx is a nice place to live in, no matter your age.

This means that you can have a well-paying job in Manhattan and live in a somewhat affordable neighborhood. Not only is the Bronx much more affordable than the rest of the city but it is also a borough with a lot of very safe neighborhoods. This means that living here with children is also a possibility.

More about housing

As you already know, New York City is very expensive. Homes here cost much more than they should for their size and what they come with. We can surely say that the housing is overpriced because of the popularity that New York City has.

As we already mentioned, the Bronx is more affordable than the rest of the city. There are certain neighborhoods where homes cost more and somewhere housing is incredibly cheap. To find incredibly cheap housing in New York City that provides you with everything you need, you need to have a lot of luck and a lot of patience. Finding such housing in New York City is almost impossible. This is because investors are always on the search for some small investments to make. And what better way to make money than to rent out an apartment that you own?

The Bronx view.
The Bronx is one of the most affordable boroughs of New York City to live in.

You will most likely be living in one of those apartments when you first move to NYC. These apartments are nice-looking and they do have plenty of the things that you need. You might not have a washing machine or a dishwasher but these surely are things you can deal without. Washing rooms are everywhere to be found and washing the dishes by hand shouldn’t be such big of a problem. But you can always stay searching for a home until you manage to find the perfect one. that is when you reach out to specialists nearby and move from one home to another without any stress.

Luckily, local moves in NYC don’t cost a lot of money so this will not be such a big expense to cover. There are plenty of companies you can hire and most of them are reliable.

How much money do you really need to live in the Bronx?

Now that you know more about the real estate market in the Bronx, you must be even more interested in finding out just how much money is necessary in order to rent an apartment in the Bronx and live comfortably. And to tell you the truth, this depends on your lifestyle and needs. If you want to live in a modern or somewhat luxurious apartment in the Bronx, you will need to spare more money. But if looking for an average one-bedroom apartment, just around $1,700 will be enough. The price has dropped since last year by 3%. And this is just the average price of rent for such an apartment. This is what makes renting an apartment in Bronx now the perfect thing to do.

Apartment buildings.
Rent prices have been dropping since last year which makes now the perfect time to move to the Bronx.

If you are looking to spend even less money on rent, you can. There are neighborhoods that are even more affordable. Hunts Point is one of those neighborhoods. This is where you will need around $1,350 for rent. This is not too big of a price to pay for a home. Pelham Gardens is another affordable neighborhood to consider and so is West Farms and Belmont. These are some of the most desirable neighborhoods in NYC as they are affordable.

You can always just move from one neighborhood to another if you end up moving to the one you don’t really like. Simplify Valet Storage & Moving can assist with the task.

Other expenses

Rent is not the only expense you will have. You will also have bills to pay and you need food to eat. Food pricing is regular in The Bronx. There are cheap and expensive restaurants to be found where you can get takeout. There are plenty of locally-owned shops where you can get groceries. We say that in order for you to live comfortably in the Bronx, you need around $4,500 a month minimum. This is not a lot of money to live in NYC. If having a big move, there are ways you can save money. This will give you a much better chance to get adjusted to living in NYC. Renting an apartment in Bronx after you have just moved to NYC is a great idea.

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