Schenectady, NY Rental Market Trends
Highlights
The average rent for an apartment in Schenectady is $1,109, a 1% increase compared to the previous year, when the average rent was $1,096.
Average Rent in Schenectady, NY
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,109 | 1% | 786 sq. ft. |
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-$7009%
- $701-$1,00047%
- $1,001-$1,50034%
- $1,501-$2,0001%
- > $2,0009%
Schenectady, NY Occupied Housing Units
- Renter-occupied Households50%
- Owner-occupied Households49%
11,393 or 50% of the households in Schenectady, NY are renter-occupied while 11,301 or 49% are owner-occupied.
Schenectady, NY Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|
| Schenectady, NY | $1,053 | $1,053 | $1,085 | $1,096 | $1,104 | $1,095 | $1,109 |
| National | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
Average Rent in Schenectady, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Woodlawn | $944 |
| Central State | $944 |
| Mont Pleasant | $951 |
| Eastern Avenue | $962 |
| Union Street Area | $1,083 |
| Northside Schenectady | $1,083 |
| Downtown Schenectady | $1,161 |
| Bellevue | $1,225 |
| Stockade | $1,307 |
The most affordable neighborhoods in Schenectady are Central State, where the average rent goes for $944/month, Woodlawn, where renters pay $944/mo on average, and Mont Pleasant, where the average rent goes for $951/mo. If you’re looking for other great deals, check out the listings from Eastern Avenue ($962), Northside Schenectady ($1,083), and Union Street Area ($1,083), where the asking prices are below the average Schenectady rent of $1,109/mo.
The most expensive neighborhoods in Schenectady are Downtown Schenectady ($1,161), Bellevue ($1,225) and Stockade ($1,307).
The most popular neighborhood in Schenectady is Northside Schenectady, where there are 3 verified RENTCafé listings with an average rent of $1,083. Next up is Downtown Schenectady, where apartments go for $1,161/month, followed by Stockade with $1,307 If you’re looking to rent in Schenectady’s most popular neighborhoods, make sure to also check out Woodlawn, where renters pay $944 on average, and Bellevue, where the average monthly rent is $1,225.
Schenectady | Rent Comparison by Neighborhood
Rent in Bellevue is 30% higher than in Central State
Bellevue rent is 11% higher than Schenectady average
| Average Rent | $1,225 |
|---|
Central State rent is 15% lower than Schenectady average
| Average Rent | $944 |
|---|
How Schenectady Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Manhattan | $4,208 | 2% |
| Hudson Valley | $1,924 | 3% |
| Brooklyn | $2,951 | 5% |
| Rochester | $1,059 | 3% |
| Queens | $2,568 | 6% |
| Troy | $1,200 | 4% |
| Albany | $1,288 | 3% |
| Schenectady | $1,109 | 1% |
| Colonie Town | $1,217 | 4% |
| Cohoes | $1,531 | 2% |
| East Greenbush | $1,326 | n/a |
For more information about the Schenectady rental trends, check out our monthly rent report
Check out New York Cities, New York Neighborhoods and New York Zip Codes for more details on verified listings, including the New York Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!