N3 — outside your level filter

instead; in exchange for that — the previous sentence is traded for what follows

この部屋へやは駅えきから遠とおい。そのかわり、家賃やちんがかなり安やすい。

kono heya wa eki kara tooi. sono kawari, yachin ga kanari yasui.

This place is a long way from the station. In exchange, the rent is a good deal cheaper. neutral

旅行りょこうは中止ちゅうしになった。そのかわり、家いえでゆっくり過すごした。

ryokou wa chuushi ni natta. sono kawari, ie de yukkuri sugoshita.

The trip was called off. Instead, we spent the time relaxing at home. neutral

Variants

そのかわりにsonokawarinialternant
に is optional and adds nothing but weight; the bare そのかわり is commoner at the head of a spoken sentence.
その代わりsonokawarialternant
the kanji spelling, normal in print — 代 is the same 代 as 代かわりに.

そのかわり

そのかわりsono kawariN3neutral