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RentData.org Logo Albany-Schenectady-Troy Fair Market Rent FY 2023 Albany-Schenectady-Troy, NY MSA Rental Data

Fair Market Rent Prices in Albany-Schenectady-Troy, NY :
$968 $1,079 $1,313 $1,598 $1,764
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 91% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Albany-Schenectady-Troy is $1,313 per month.

The previous year, rent for a two-bedroom home was $1,207 per month. This is a 8.78% increase year-over-year.

This FMR rate applies to Alcove, NY, Knox, NY, Oak Hill, NY, South Bethlehem, NY, Dormansville, NY, Newtonville, NY, Guilderland Center, NY, Medusa, NY, Coeymans, NY, Clarksville, 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 one county or city in New York which is listed in the table below. Estimated population of Albany-Schenectady-Troy, NY MSA FMR area is 306,165 people based on latest Census data.

Compared to the rest of New York, the Albany-Schenectady-Troy FMR area is more expensive than 84% 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 $ 1045
1-BR 1-Bedroom $ 1166
2-BR 2-Bedroom $ 1418
3-BR 3-Bedroom $ 1726
4-BR 4-Bedroom $ 1905
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

There is just one county (listed below) within the Albany-Schenectady-Troy, NY MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Albany - Schenectady - Troy.

County / Region Est. Population
Albany-Schenectady-Troy, NY Metro 306,165
Zip Codes in Albany-Schenectady-Troy, NY MSA

There are 71 unique zip codes in this Fair Market Rent (FMR) area:

12007, 12009, 12023, 12041, 12045, 12046, 12047, 12053, 12054, 12055, 12059, 12065, 12067, 12077, 12083, 12084, 12085, 12087, 12107, 12110, 12120, 12122, 12128, 12143, 12147, 12157, 12158, 12159, 12161, 12183, 12186, 12189, 12193, 12201, 12202, 12203, 12204, 12205, 12206, 12207, 12208, 12209, 12210, 12211, 12212, 12220, 12222, 12223, 12224, 12226, 12227, 12232, 12234, 12235, 12236, 12237, 12240, 12245, 12246, 12248, 12249, 12255, 12257, 12260, 12288, 12303, 12304, 12306, 12309, 12460 and 12469

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