Schenectady, NY Rental Market Trends
What is the average rent in Schenectady?
The average rent for an apartment in Schenectady is $1,199. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Schenectady, NY
| Average Rent | Average Apartment Size |
|---|---|
| $1,199 | 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
Schenectady, NY Occupied Housing Units
12,212 or 49% of the households in Schenectady, NY are renter-occupied while 12,405 or 50% are owner-occupied.
Schenectady, NY Rent Trends
| Average Rent | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Jul / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Schenectady, NY | $1,096 | $1,104 | $1,095 | $1,109 | $1,113 | $1,135 | $1,139 | $1,157 | $1,208 | $1,199 |
| National | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
Average Rent in Schenectady, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Stockade | $1,405 |
| Bellevue | $1,351 |
| Downtown Schenectady | $1,265 |
| Northside Schenectady | $1,229 |
| Union Street Area | $1,229 |
| Eastern Avenue | $1,075 |
| Mont Pleasant | $998 |
| Central State | $948 |
| Woodlawn | $948 |
What are the most affordable neighborhoods in Schenectady?
The most affordable neighborhoods in Schenectady are Central State, where the average rent goes for $948/month, Woodlawn, where renters pay $948/mo on average, and Mont Pleasant, where the average rent goes for $998/mo. If you’re looking for other great deals, check out the listings from Eastern Avenue ($1,075), Northside Schenectady ($1,229), and Union Street Area ($1,229), where the asking prices are below the average Schenectady rent of $1,199/mo.
What are the most expensive neighborhoods in Schenectady?
The most expensive neighborhoods in Schenectady are Downtown Schenectady ($1,265), Bellevue ($1,351) and Stockade ($1,405).
What are the most popular neighborhoods in Schenectady?
The most popular neighborhood in Schenectady is Downtown Schenectady, where there are 3 verified RentCafe listings with an average rent of $1,265. Next up is Mont Pleasant, where apartments go for $998/month, followed by Northside Schenectady with $1,229 If you’re looking to rent in Schenectady’s most popular neighborhoods, make sure to also check out Stockade, where renters pay $1,405 on average, and Bellevue, where the average monthly rent is $1,351.
Schenectady | Rent Comparison by Neighborhood
Rent in Bellevue is 43% higher than in Central State
Bellevue rent is 13% higher than Schenectady average
| Average Rent | $1,351 |
|---|
Central State rent is 21% lower than Schenectady average
| Average Rent | $948 |
|---|
How Schenectady Compares to Other Cities
| City | Average Rent |
|---|---|
| Manhattan | $4,265 |
| Hudson Valley | $2,126 |
| Bronx | $1,650 |
| Brooklyn | $3,124 |
| Albany | $1,441 |
| Queens | $2,769 |
| Buffalo | $1,182 |
| Troy | $1,320 |
| Amityville | $2,285 |
| White Plains | $2,987 |
| Kingston | $1,352 |
| Schenectady | $1,199 |
| Colonie Town | $1,348 |
| Holyoke | $1,206 |
| Northampton | $1,957 |
| Westfield | $1,713 |
| Cohoes | $1,826 |
| Guilderland Town | $1,363 |
| Amherst | $1,839 |
| Bethlehem | $1,559 |
| Chicopee | $1,307 |
Most Popular Apartments in Schenectady
1033 Chrisler Ave Unit 2, Schenectady NY 12303
1033 Chrisler Ave Unit 2, Schenectady, NY 12303- 3 BEDS
- $1,395