Schenectady, NY Rental Market Trends

Highlights

The average rent for an apartment in Schenectady is $1,085, a 21% decrease compared to the previous year, when the average rent was $1,366.

Average Rent in Schenectady, NY

Last updated Jun 2019
Average Rent Y-o-Y Change Average Apartment Size
$1,085 -21% 791 sq. ft.

The average size for a Schenectady, NY apartment is 791 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

Schenectady, NY Apartment Rent Ranges

  • $501-$7007%
  • $701-$1,00063%
  • $1,001-$1,50020%
  • $1,501-$2,0002%
  • > $2,0008%

Schenectady, NY Rent Trends

Average Rent Jan / 2018 May / 2018 Jun / 2019
Schenectady, NY $1,053 $1,053 $1,085
National $1,366 $1,381 $1,396
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Average Rent in Schenectady, NY By Neighborhood

The most affordable neighborhoods in Schenectady are Central State, where the average rent goes for $895/month, Woodlawn, where renters pay $895/mo on average, and Mont Pleasant, where the average rent goes for $917/mo. If you’re looking for other great deals, check out the listings from Eastern Avenue ($926), Northside Schenectady ($1,064), and Union Street Area ($1,064), where the asking prices are below the average Schenectady rent of $1,085/mo.

The most expensive neighborhoods in Schenectady are Downtown Schenectady ($1,141), Bellevue ($1,180) and Stockade ($1,298).

Schenectady | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Bellevue is 32% higher than in Central State

$1,180

Bellevue rent is 9% higher than Schenectady average

Average Rent $1,180
$895

Central State rent is 18% lower than Schenectady average

Average Rent $895

How Does Schenectady Compare to Nearby Cities

Average Rent Y-o-Y Change
Schenectady $1,085 -21%
East Glenville $1,276 n/a
Mariaville Lake $1,040 n/a
Niskayuna $1,120 n/a
Rotterdam CDP $1,030 n/a
Scotia $1,276 n/a

For more information about the Schenectady rental trends, check out our monthly rent report

Cheapest Listings on RENTCafé

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Schenectady apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

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