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Rental Market Trends in Rensselaer, NY

What is the average rent in Rensselaer, NY?

$1,567/month

Average Rent

808 Sq Ft

Average Apartment Size

-0.3%

Decrease in the Last Year

As of October 2025, the average rent in Rensselaer, NY is $1,567 per month. For comparison, the national average rent price in the US is currently $1,630/month, which means Rensselaer rent prices are 4% lower than the national average. When you rent an apartment in Rensselaer, you can expect to pay about $1,545 per month for a studio, $1,567 for a one-bedroom apartment, and around $1,995 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,339 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,545/month
622 Sq Ft
One Bedroom
$1,567/month
808 Sq Ft
Two Bedroom
$1,995/month
1,191 Sq Ft
Three Bedroom
$2,339/month
1,480 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 Rensselaer, NY?

In the past year, rent has decreased by 0.3%, which averages out to $5 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated October 2025
Legend
2024 2025
Market Trends Over Time

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Rensselaer?

Based on current rent prices, The Mansions at Technology Park is the most affordable neighborhood in Rensselaer.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
The Mansions at Technology Park
$1,747/month
877 Sq Ft

What are the most expensive neighborhoods in Rensselaer?

Based on current rent prices, The Mansions at Technology Park is the most expensive neighborhood in Rensselaer.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
The Mansions at Technology Park
$1,747/month
877 Sq Ft

Which Rensselaer neighborhoods have the most rentals available?

The neighborhood in Rensselaer with the most apartments available is The Mansions at Technology Park .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
The Mansions at Technology Park
$1,747/month
877 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Rensselaer, NY?

Because the average rent in Rensselaer is $1,567, you’ll want to make about $5,223 per month or $62,676 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.

City

Rensselaer, NY

391 Available Apartments for Rent

Search for Nearby Apartments

How does Rensselaer, NY compare to other nearby cities and neighborhoods?

Use the tool below to compare Rensselaer, 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.

Explore the Area Guide for Rensselaer, NY

Apartment Averages

The Mansions at Technology Park

Rensselaer, NY

The Mansions at Technology Park

Rensselaer, NY

Studio
-
-
One Bedroom
-
-
Two Bedroom
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-
Three Bedroom
-
-
Search
Search

Nearby City Rent Trends

  • East Greenbush Average Rent
  • Albany Average Rent

Apartment communities in Rensselaer we think you'll love

Kinwood Apartments

Kinwood Apartments

2 River Chase Dr,
Rensselaer, NY 12144

$1,415 - $2,753

1-3 Beds

Abraxas at 90 State

Abraxas at 90 State

90 State St,
Albany, NY 12207

$1,299 - $2,640

Studio - 2 Beds

Industrie Apartments

Industrie Apartments

745 Broadway,
Albany, NY 12207

$2,158 - $3,437

Studio - 2 Beds

Slip 12

Slip 12

21 Erie Blvd,
Albany, NY 12204

$1,225 - $2,395

Studio - 2 Beds

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United States New York Rensselaer Rental Trends

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 September 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity