Schenectady, NY Rental Market Trends
What is the average rent in Schenectady?
The average rent for an apartment in Schenectady is $1,139, a 3% increase compared to the previous year, when the average rent was $1,109.
Average Rent in Schenectady, NY
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,139 | 3% | 786 sq. ft. |
What is the average apartment size in Schenectady?
The average size for a Schenectady, NY apartment is 786 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. 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-$7003%
- $701-$1,00046%
- $1,001-$1,50039%
- $1,501-$2,0005%
- > $2,0006%
Schenectady, NY Occupied Housing Units
- Renter-occupied Households48%
- Owner-occupied Households51%
11,073 or 48% of the households in Schenectady, NY are renter-occupied while 11,751 or 51% are owner-occupied.
Schenectady, NY Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Jun / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Schenectady, NY | $1,053 | $1,053 | $1,085 | $1,096 | $1,104 | $1,095 | $1,109 | $1,113 | $1,135 | $1,139 |
| National | $1,314 | $1,345 | $1,354 | $1,358 | $1,390 | $1,397 | $1,400 | $1,392 | $1,396 | $1,407 |
Average Rent in Schenectady, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Stockade | $1,327 |
| Bellevue | $1,242 |
| Downtown Schenectady | $1,186 |
| Northside Schenectady | $1,110 |
| Union Street Area | $1,110 |
| Mont Pleasant | $997 |
| Eastern Avenue | $994 |
| Central State | $956 |
| Woodlawn | $956 |
What are the most affordable neighborhoods in Schenectady?
The most affordable neighborhoods in Schenectady are Central State, where the average rent goes for $956/month, Woodlawn, where renters pay $956/mo on average, and Eastern Avenue, where the average rent goes for $994/mo. If you’re looking for other great deals, check out the listings from Mont Pleasant ($997), Northside Schenectady ($1,110), and Union Street Area ($1,110), where the asking prices are below the average Schenectady rent of $1,139/mo.
What are the most expensive neighborhoods in Schenectady?
The most expensive neighborhoods in Schenectady are Downtown Schenectady ($1,186), Bellevue ($1,242) and Stockade ($1,327).
What are the most popular neighborhoods in Schenectady?
The most popular neighborhood in Schenectady is Downtown Schenectady, where there are 2 verified RENTCafé listings with an average rent of $1,186. Next up is Mont Pleasant, where apartments go for $997/month, followed by Stockade with $1,327 If you’re looking to rent in Schenectady’s most popular neighborhoods, make sure to also check out Woodlawn, where renters pay $956 on average, and Bellevue, where the average monthly rent is $1,242.
Schenectady | Rent Comparison by Neighborhood
Rent in Bellevue is 30% higher than in Central State
Bellevue rent is 9% higher than Schenectady average
| Average Rent | $1,242 |
|---|
Central State rent is 16% lower than Schenectady average
| Average Rent | $956 |
|---|
How Schenectady Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Manhattan | $3,777 | -9% |
| Hudson Valley | $1,992 | 4% |
| Brooklyn | $2,785 | -5% |
| Bronx | $1,620 | n/a |
| Rochester | $1,113 | 4% |
| Albany | $1,302 | 1% |
| Troy | $1,244 | 4% |
| Springfield | $1,098 | 6% |
| Schenectady | $1,139 | 3% |
| Kingston | $1,301 | 7% |
| Cohoes | $1,586 | 4% |