Rensselaer, New York Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Rensselaer, New York rental market.
Rensselaer, New York
Average Apartment Rent
$2,047
Y-o-Y Change in Average
Apartment Rent
-0.1%
As of March 2026
Compared to a year ago, Rensselaer, New York apartments have recorded a -0.1% rent decrease.
Rensselaer, New York Average apartment rent trend
Rensselaer, New York Average Apartment Rent
Rensselaer, New York Apartment rent ranges
At 52.7%, apartments priced $1,500 - $2,000 represent the bulk of Rensselaer, New York rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 0.54%.
Rensselaer, New York Housing tenure**
Renters take up 58% of Rensselaer, New York real estate, occupying a total of 2,502 units, while homeowners live in 1,842 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$50,585
Average household size of renter-occupied housing units**
2.08
Rental vacancy rate**
6.6%
Rensselaer, New York Renter-occupied housing units by no. of bedrooms**
There are 1,086 rentals in Rensselaer, New York with 2 beds making up the highest share of the market, at 43%. Units with No bedrooms, on the other hand, hold the lowest percentage (2%), amounting to 44 units. Overall, the median number of rooms in Rensselaer, New York homes for rent is 4.2.
Rensselaer, New York Renter-occupied units by age of householder**
Most condos for rent in Rensselaer, New York are occupied by residents in the 25 - 34 years age group (35%), followed by those in the 35 - 44 years age group (16%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Rensselaer, New York Renter-occupied housing units by family type**
Rensselaer, New York Renter-occupied housing units by the presence of own children**
A total of 1,007 apartments for rent in Rensselaer, New York, or 40% of all rentals are family households. Additionally, 25% of rental homes include children under the age of 18 – that’s 624 units. All in all, the median size of a renter-occupied household in Rensselaer, New York is 2.08.
Rensselaer, New York Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 35% of the rental market. In contrast, residents with less than a high school degree reside in 17% of the homes for rent in Rensselaer, New York.
Rensselaer, New York Renter-occupied units by year structure built**
The highest share of Rensselaer, New York apartment rentals, namely 17% or 426 units, were Built 1939 or earlier, followed by those Built 1980 - 1989 (16%, 393 units), and the ones Built 1990 - 1999 (13%, 335 units).
Rensselaer, New York Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Rensselaer, New York renters (41%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Rensselaer, New York condos for rent is 2018.
Rensselaer, New York Renter-occupied housing units by vehicles available**
When it comes to transportation options, 49% of Rensselaer, New York renters have 1 vehicle available per household, 23% of them have No vehicle available, and 21% have 2 vehicles available.
Rensselaer, New York Means of transportation to work of householders living in renter-occupied housing units**
Rensselaer, New York Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Rensselaer, New York apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
