Colonie Town, NY Rental Market Trends
Last updated: May 26, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Colonie Town is $1,670, a 4.31% increase compared to the previous year, when the average rent was $1,601.
Studio Apartments at $1,205 offer the most budget-friendly option with 475 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 740 square feet for $1,478, balancing privacy and affordability.
Two-beedroom units at $1,823 offer 1,074 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,341 sq ft) for $2,202, suitable for larger households.
Average rent in Colonie Town, NY
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,670 | 920 sq. ft. |
| Studio | $1,205 | 475 sq. ft. |
| 1 Bed | $1,478 | 740 sq. ft. |
| 2 Beds | $1,823 | 1,074 sq. ft. |
| 3 Beds | $2,202 | 1,341 sq. ft. |
Colonie Town, NY rent trends
Rental prices in Colonie Town, NY have increased by 4.31% over the past year. The average rent moved from $1,601 to $1,670.
What's the typical rent budget in Colonie Town, NY?
The largest share of rentals in Colonie Town, NY (46%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Colonie Town, NY?
632 or 20% of the households in Colonie Town, NY are renter-occupied while 2,561 or 80% are owner-occupied.
Most affordable neighborhoods in Colonie Town?
Menands $1,577/month
Albany $1,739/month
Guilderland Town $1,803/month
All of these neighborhoods fall below the city wide average of $1,670/month.Most expensive neighborhoods in Colonie Town?
Cohoes $1,988/month
Westmere $2,027/month
Bethlehem $2,161/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Colonie Town, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Bethlehem | $2,161 |
| Westmere | $2,027 |
| Cohoes | $1,988 |
| Guilderland Town | $1,803 |
| Albany | $1,739 |
| Menands | $1,577 |
Colonie Town | Rent Comparison by Neighborhood
Rent in Albany is 20% lower than in Bethlehem
Albany rent is 4% higher than Colonie Town average
Bethlehem rent is 29% higher than Colonie Town average
How Colonie Town Compares to Other Cities
| City | Average Rent |
|---|---|
| Colonie Town | $1,670 |
| New York City | $4,719 |
| Manhattan | $5,345 |
| Brooklyn | $3,963 |
| Hudson Valley | $2,599 |
| Buffalo | $1,422 |
| Queens | $3,974 |
| Albany | $1,739 |
| Ithaca | $2,228 |
| Rochester | $1,510 |
| Syracuse | $1,754 |
| Guilderland Town | $1,803 |
| Bethlehem | $2,161 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Colonie Town apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.