Schenectady County, NY

2024 Fair Market Rents

Tags: 2024 Albany-Schenectady-Troy, NY MSA

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The top four largest cities in Schenectady County are Schenectady, Duanesburg, Rotterdam Junction, and Alplaus. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Schenectady County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Schenectady County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Schenectady County compare?

Schenectady County ($1,374) has a 1.7% lower FMR for 2-Bedroom housing than the average of New York ($1,398) and therefore has a lower gross rent.

Schenectady County is rank 16th out of 62 counties. This means the FMRs, or in other words, the gross rent is higher than 46 other counties. Schenectady County is the 16th most expensive county in terms of FMRs.

Rent Tables Schenectady County, NY

Fair Market Rent (40th Percentile)

$1,011
studio
$1,131
1-Bedroom
$1,374
2-Bedroom
$1,661
3-Bedroom
$1,830
4-Bedroom

Median Rent (50th Percentile)

$1,087
studio
$1,216
1-Bedroom
$1,477
2-Bedroom
$1,786
3-Bedroom
$1,967
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
12008 $0 $1,150 $1,390 $1,680 $1,850
12056 $0 $1,140 $1,390 $1,680 $1,850
12141 $0 $1,050 $1,280 $1,550 $1,700
12150 $0 $1,040 $1,260 $1,520 $1,680
12301 $0 $1,050 $1,280 $1,550 $1,700
12305 $0 $980 $1,190 $1,440 $1,590
12307 $0 $1,000 $1,210 $1,460 $1,610
12308 $0 $1,050 $1,270 $1,540 $1,690
12345 $0 $1,050 $1,280 $1,550 $1,700
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
12008 $918 $1,035 $1,251 $1,512 $1,665
12056 $918 $1,026 $1,251 $1,512 $1,665
12141 $846 $945 $1,152 $1,395 $1,530
12150 $837 $936 $1,134 $1,368 $1,512
12301 $846 $945 $1,152 $1,395 $1,530
12305 $792 $882 $1,071 $1,296 $1,431
12307 $801 $900 $1,089 $1,314 $1,449
12308 $837 $945 $1,143 $1,386 $1,521
12345 $846 $945 $1,152 $1,395 $1,530
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
12008 $1,122 $1,265 $1,529 $1,848 $2,035
12056 $1,122 $1,254 $1,529 $1,848 $2,035
12141 $1,034 $1,155 $1,408 $1,705 $1,870
12150 $1,023 $1,144 $1,386 $1,672 $1,848
12301 $1,034 $1,155 $1,408 $1,705 $1,870
12305 $968 $1,078 $1,309 $1,584 $1,749
12307 $979 $1,100 $1,331 $1,606 $1,771
12308 $1,023 $1,155 $1,397 $1,694 $1,859
12345 $1,034 $1,155 $1,408 $1,705 $1,870

Fair Market Rents on this page apply to the following cities in Schenectady County, New York: Schenectady, Duanesburg, Rotterdam Junction, Alplaus, and Quaker Street.

These Fair Market Rents also apply to the following ZIP codes in Schenectady County, New York: 12308, 12307, 12305, 12056, 12150, 12301, 12008, 12141, and 12345.

Schenectady County, NY is considered part of the following metro FMR area: ALBANY-SCHENECTADY-TROY, NY MSA.

Other counties in the same metro FMR area are: Saratoga County, NY, Rensselaer County, NY, Schoharie County, NY, and Albany County, NY.

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Fair Market Rents are published by the Department of Housing And Urban Development.