Sheridan Apartments
1275 Gerling St,
Schenectady, NY 12309
1-2 Beds | $1,265 - $1,395
Rental Market Trends in Schenectady, NY
What is the average rent in Schenectady, NY?
$1,197/month
Average Rent
688 Sq Ft
Average Apartment Size
+2.3%
Increase in the Last Year
As of December 2024, the average rent in Schenectady, NY is $1,197 per month. This is 23% lower than the national average rent of $1,560/month, making renting in Schenectady more affordable than most cities in the US. When you rent an apartment in Schenectady, you can expect to pay about $913 per month for a studio, $1,197 for a one-bedroom apartment, and around $1,448 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,819 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Schenectady, NY?
In the past year, rent has increased by 2.3%, which averages out to $29 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Schenectady, NY
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
5%
Below $700/month
23%
$700 - $1,000/month
51%
$1,001 - $1,500/month
11%
$1,501 - $2,000/month
10%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Schenectady?
Based on current rent prices, Downtown Schenectady and Seward Place" are the most affordable neighborhoods in Schenectady.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Schenectady?
Based on current rent prices, Seward Place and Downtown Schenectady" are the most expensive neighborhoods in Schenectady.
Neighborhood
Average Rent
Average Sq Ft
Which Schenectady neighborhoods have the most rentals available?
The neighborhoods in Schenectady with the most apartments available are Seward Place and Downtown Schenectady" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Schenectady, NY?
Because the average rent in Schenectady is $1,197, you’ll want to make about $3,990 per month or $47,880 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Schenectady, NY compare to other nearby cities and neighborhoods?
Use the tool below to compare Schenectady, NY to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
$920/month
One Bedroom
$1,273/month
$1,328/month
Two Bedroom
$1,477/month
$1,673/month
Three Bedroom
-
$3,008/month
Nearby City Rent Trends
Apartment communities in Schenectady we think you'll love
Property Management Companies in Schenectady, NY
DHM Properties
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27
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6,683
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Tri City Rentals
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42
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9,402
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Stratus Property Management
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Morgan Properties
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314
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192
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1 Community in Schenectady
The United Group of Companies, Inc.
-
20
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2,743
Units
-
17
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1 Community in Schenectady
Cole Group Realty
-
13
Communities
-
1,854
Units
-
12
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1 Community in Schenectady
Lexington Property Group
-
14
Communities
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2,839
Units
-
9
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1 Community in Schenectady
Prime Companies
-
11
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2,408
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6
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1 Community in Schenectady
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.