Downtown Yonkers 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 dark green areas.
On average, the cost of rent in Downtown Yonkers is about $1,746 per month. This puts it in the 75th percentile compared to the city average cost of rent, which is $1,536. Households in Downtown Yonkers have a median income of $4,562 per month so the average renter in Downtown Yonkers is spending roughly 38% of their earnings on housing.
Nationally, and in Downtown Yonkers, home values are the data point most closely correlated with the cost of rent. The median price of a home in Downtown Yonkers is $327,403 right now, which is lower than nearby neighborhoods, meaning that rents in Downtown Yonkers also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the northwestern parts of Downtown Yonkers while lower rent rates are often available in southeastern areas.
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