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RentData.org Logo Albany-Schenectady-Troy Fair Market Rent FY 2018 Albany-Schenectady-Troy, NY MSA Rental Data

Fair Market Rent Prices in Albany-Schenectady-Troy, NY :
$700 $837 $1,032 $1,294 $1,406
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Albany-Schenectady-Troy are very high compared to the national average. This FMR area is more expensive than 90% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Albany-Schenectady-Troy is $1,032 per month.

The previous year, rent for a two-bedroom home was $1,006 per month. This is a 2.58% increase year-over-year.

This FMR rate applies to Alcove, NY, Fultonham, NY, Knox, NY, Charlotteville, NY, Quaker Street, NY, West Fulton, NY, Newtonville, NY, Alplaus, NY, Gallupville, NY, Cherry Plain, NY and other cities within the region. The Metro Code or CBSA code for this region is METRO10580M10580.

Additionally, This Fair Market Rent (FMR) area Albany-Schenectady-Troy, NY MSA spans five counties or cities in New York which ares listed in the table below. Estimated population of Albany-Schenectady-Troy, NY MSA FMR area is 870,716 people based on 2010 Census data.

Compared to the rest of New York, the Albany-Schenectady-Troy FMR area is more expensive than 82% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Albany-Schenectady-Troy. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Albany-Schenectady-Troy

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 747
1-BR 1-Bedroom $ 894
2-BR 2-Bedroom $ 1102
3-BR 3-Bedroom $ 1382
4-BR 4-Bedroom $ 1501
Change Year:

The counties, cities, towns, and regions listed below fall into the Albany-Schenectady-Troy, NY MSA FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers one metro area: Albany - Schenectady - Troy.

County / Region Est. Population
Albany County, NY Metro 304,204
Rensselaer County, NY Metro 159,429
Saratoga County, NY Metro 219,607
Schenectady County, NY Metro 154,727
Schoharie County, NY Metro 32,749
Zip Codes in Albany-Schenectady-Troy, NY MSA

There are 146 unique zip codes in this Fair Market Rent (FMR) area:

12007, 12008, 12009, 12018, 12019, 12020, 12022, 12023, 12024, 12027, 12031, 12033, 12035, 12036, 12040, 12041, 12043, 12045, 12046, 12047, 12052, 12053, 12054, 12055, 12056, 12057, 12059, 12061, 12062, 12063, 12065, 12067, 12071, 12073, 12074, 12076, 12077, 12082, 12084, 12085, 12089, 12090, 12092, 12093, 12094, 12107, 12110, 12118, 12120, 12121, 12122, 12123, 12128, 12131, 12133, 12137, 12138, 12140, 12141, 12143, 12144, 12147, 12148, 12149, 12150, 12151, 12153, 12154, 12156, 12157, 12158, 12159, 12160, 12161, 12168, 12169, 12170, 12175, 12180, 12181, 12182, 12183, 12185, 12186, 12187, 12188, 12189, 12193, 12194, 12196, 12198, 12201, 12202, 12203, 12204, 12205, 12206, 12207, 12208, 12209, 12210, 12211, 12212, 12220, 12222, 12223, 12224, 12226, 12227, 12228, 12230, 12231, 12233, 12234, 12237, 12240, 12242, 12243, 12246, 12250, 12256, 12260, 12301, 12302, 12303, 12304, 12305, 12306, 12307, 12308, 12309, 12325, 12345, 12469, 12803, 12822, 12831, 12833, 12835, 12850, 12859, 12863, 12866 show more

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