127 Sheldon Ave
127 Sheldon Ave,
Frankfort, NY 13340
1 Bed | $950
Rental Market Trends in Herkimer, NY
Updated July 2026
The average rent in Herkimer, NY is $916/month.
Rent in Herkimer is 45% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.
$916/month
Average Rent
405 Sq Ft
Average Size
+0.7%
Change / Year
10
Available Apartments
Herkimer rent varies by unit size and layout:
- Studio apartments in Herkimer average $438 per month.
- One-bedroom apartments in Herkimer average $916 per month.
- Two-bedroom apartments in Herkimer average $1,084 per month.
- Three-bedroom apartments in Herkimer average $1,010 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Herkimer, NY?
In the past year, rent has increased by 0.7%, which averages out to $7 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Herkimer, NY
July 2026
Below $701
Most rental prices fall within this range
Percentage*
Rent Range
50%
Below $700/month
0%
$700 - $1,000/month
50%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Herkimer, NY?
Because the average rent in Herkimer is $916, you’ll want to make about $3,053 per month or $36,636 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.
Cost of Living
The cost of living in Herkimer, NY is 7.4% lower than the national average. Generally, housing in Herkimer is 15.1% less expensive than the national average, with rent falling between $438 - $1,084. You can expect to pay 4.3% less for groceries, 2.0% more for utilities, and 8.1% more for transportation.
How does Herkimer, NY compare to other nearby cities and neighborhoods?
Use the tool below to compare Herkimer, 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.
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Herkimer?
The average rent in Herkimer is $916 per month, which is 44.9% lower than the national average of $1,663.
Are rents going up or down in Herkimer?
Rents in Herkimer, NY are increasing, with prices up 0.7% year-over-year and $7 more per month.
What rent range is most common in Herkimer?
In Herkimer, NY, 50% of apartments fall below $700/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
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.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.