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Average Fair Market Rent Prices in New York:
$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

New York (NY) has the 16th highest rent in the country out of 56 states and territories. The Fair Market Rent in New York is $1,313 for a 2-bedroom apartment in Albany-Schenectady-Troy, NY MSA.

For FY 2023, the Albany-Schenectady-Troy, NY MSA (Albany County) rent for a studio or efficiency is $968 per month and $1,764 per month to rent a house or an apartment with 4 bedrooms. The average Fair Market Rent for a 2-bedroom home in New York is $1,313 per month.

Approximately 15% of Americans qualify for some level of housing assistance. The population in New York is around 306,165 people. So, there are around 45,925 people in New York who could be receiving housing benefits from the HUD.

Click on your region in the list below or on the map to see a more detailed break down of rental prices.

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 New York. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

New York Fair Market Rent Map

Click on a region to view more detailed rent data.

Lookup FMR by Zip Code FHA Loan Limits in New York
Change Year:
County 0 BR 1 BR 2 BR 3 BR 4 BR Est. Population
Metro $968 $1,079 $1,313 $1,598 $1,764 306,165
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