Average Rent in Albany-Schenectady-Troy, NY
The Fair Market Rent for a 2-bedroom in Albany-Schenectady-Troy, NY is $1,702 per month, based on HUD data. With a median household income of $86,072, a household would spend 23.7% of income on housing at Fair Market Rent. Rent has increased 23.9% year over year. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $1,217 |
| 1 Bedroom | $1,417 |
| 2 Bedroom | $1,702 |
| 3 Bedroom | $2,041 |
| 4 Bedroom | $2,253 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $86,072 |
| Rent Burden (2BR FMR / Income) | 23.7% |
| Income Needed for 2BR (30% rule) | $68,080/yr |