Rilassare at Rivers Ledge
2 Rivers Run Dr,
Schenectady, NY 12309
$1,200 - $2,515
Studio - 2 Beds
Rental Market Trends in Schenectady, NY
What is the average rent in Schenectady, NY?
$1,253/month
Average Rent
712 Sq Ft
Average Apartment Size
+1.7%
Increase in the Last Year
As of May 2026, the average rent in Schenectady, NY is $1,253 per month. This is 24% lower than the national average rent of $1,644/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 $1,041 per month for a studio, $1,253 for a one-bedroom apartment, and around $1,520 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,017 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 1.7%, which averages out to $22 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 May 2026
Legend
2025
2026
Rent Ranges in Schenectady, NY
Last Updated May 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
5%
Below $700/month
19%
$700 - $1,000/month
47%
$1,001 - $1,500/month
18%
$1,501 - $2,000/month
11%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Schenectady?
Based on current rent prices, Seward Place is the most affordable neighborhood in Schenectady.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Schenectady?
Based on current rent prices, Seward Place is the most expensive neighborhood in Schenectady.
Neighborhood
Average Rent
Average Sq Ft
Which Schenectady neighborhoods have the most rentals available?
The neighborhood in Schenectady with the most apartments available is Seward Place .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Schenectady, NY?
Because the average rent in Schenectady is $1,253, you’ll want to make about $4,176 per month or $50,112 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
$939/month
$939/month
One Bedroom
$1,326/month
$1,326/month
Two Bedroom
$1,619/month
$1,619/month
Three Bedroom
$2,717/month
$2,717/month
Nearby City Rent Trends
Apartment communities in Schenectady we think you'll love
Property Management Companies in Schenectady, NY
DHM Properties
-
29
Communities
-
6,991
Units
-
21
Cities
5 Communities in Schenectady
Tri City Rentals
-
38
Communities
-
9,009
Units
-
18
Cities
3 Communities in Schenectady
Sunrise Management & Consulting
-
10
Communities
-
1,019
Units
-
10
Cities
2 Communities in Schenectady
Burns Management
-
19
Communities
-
2,428
Units
-
7
Cities
2 Communities in Schenectady
Redburn Development Partners, LLC
-
19
Communities
-
1,415
Units
-
4
Cities
2 Communities in Schenectady
Morgan Properties
-
390
Communities
-
108,239
Units
-
237
Cities
1 Community in Schenectady
Cole Group Realty
-
16
Communities
-
2,019
Units
-
13
Cities
1 Community in Schenectady
The United Group of Companies, Inc.
-
17
Communities
-
1,996
Units
-
12
Cities
1 Community in Schenectady
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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 February 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.