In a borough where four-figure rents are the norm, a new affordable-housing lottery in the Bronx is dangling a handful of apartments that slip in just under $1,000. At 1985 Jerome Avenue in Morris Heights, five one-bedroom units are listed at $761 a month and a two-bedroom is posted at $833. The building is part of a new mixed-income development, and the application window is open through May 18, 2026. For local renters who have been priced out of most of the city, those numbers will look refreshingly old-school and are likely to draw heavy interest.
What’s on offer
As reported by PIX11, the lottery includes the deeply discounted one- and two-bedroom units within a broader set of income-restricted apartments at different rent levels. The building is also listed on NYC Housing Connect, which carries the official application details and confirms the May 18, 2026 deadline.
Who qualifies and what the building offers
The developer’s marketing page at Reside New York shows income requirements starting in the mid $30,000s and running up to about $116,640, depending on household size. That setup opens the door to a mix of moderate- and lower-income households. The same listing outlines on-site perks that go beyond bare-bones basics, including outdoor and rooftop terraces, bike-storage lockers, a shared laundry room and a virtual doorman. Prospective tenants will want to comb through the full eligibility tables on the listing to match their household size and income to the correct band and rent tier.
Where it sits
The building at 1985 Jerome Avenue is in Morris Heights, a short walk from the Burnside Avenue stop on the 4 train, giving residents a relatively direct ride to other Bronx neighborhoods and into Manhattan. Local property directories place the site near Bronx Community College and retail along Jerome Avenue, meaning daily errands and transit are close at hand. For more neighborhood context and transit notes, the address is also listed on Apartments.com.
Why it matters
Units priced under $1,000 have become increasingly rare in New York City, so when a new lottery features apartments at that level, it highlights both how valuable and how scarce truly affordable housing has become. Reporting and data analysis from outlets such as Gothamist note that while the city is indeed producing many subsidized units, sky-high demand and tight eligibility rules translate into long odds for a lot of would-be renters.
Anyone who thinks they might qualify should apply through NYC Housing Connect before the May 18, 2026 deadline and review the full listing for documentation requirements. The developer’s marketing page also includes contact information and instructions on how to request a paper application, for those who prefer or need to apply offline.
