New York · FIPS 36093 · HUD FY 2027
Schenectady County, New York Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Schenectady County is $1,711 a month (rent plus utilities), 29% below the New York average of $2,402 and 3% below the U.S. average of $1,761. That is up $9 (0.5%) from FY 2026. At 30% of income, a household needs about $68,440 a year to afford it.
- $1,7112-bedroom FMR+$9 (+0.5%) vs FY 2026
- $1,4251-bedroom FMRNew York: $2,120 · U.S.: $1,478
- $68,440Income for a 2-bedroom$33/hour full-time
- 14 of 622BR rank in New York1 = highest rent
| Unit | Schenectady County FY 2027 | FY 2026 | Change | New York avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $1,238 | $1,217 | +$21 (+1.7%) | $1,968 | $1,379 | $49,520 |
| 1 bedroom | $1,425 | $1,417 | +$8 (+0.6%) | $2,120 | $1,478 | $57,000 |
| 2 bedrooms | $1,711 | $1,702 | +$9 (+0.5%) | $2,402 | $1,761 | $68,440 |
| 3 bedrooms | $2,039 | $2,041 | −$2 (−0.1%) | $3,028 | $2,266 | $81,560 |
| 4 bedrooms | $2,249 | $2,253 | −$4 (−0.2%) | $3,310 | $2,607 | $89,960 |
How Schenectady County compares
- HUD sets this rent for the Albany-Schenectady-Troy, NY metro FMR area, which covers 906,052 residents in 5 counties.
- Across New York, 2-bedroom FMRs run from $1,014 (Wyoming County) to $2,971 (Bronx County).
- Studio to 4-bedroom: $1,238, $1,425, $1,711, $2,039, $2,249. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 12 ZIP codes mostly in Schenectady County (by land area), the 2-bedroom figure ranges from $1,540 to $1,920.
Small Area FMRs by ZIP code in Schenectady County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 12008 | $1,210 | $1,390 | $1,670 | $1,990 | $2,190 | −$10 (−0.6%) | 2% below |
| 12053 | $1,100 | $1,280 | $1,540 | $1,840 | $2,030 | +$200 (+14.9%) | 10% below |
| 12056 | $1,190 | $1,370 | $1,640 | $1,950 | $2,160 | −$70 (−4.1%) | 4% below |
| 12137 | $1,100 | $1,280 | $1,540 | $1,840 | $2,030 | +$200 (+14.9%) | 10% below |
| 12150 | $1,210 | $1,390 | $1,660 | $1,980 | $2,180 | no change | 3% below |
| 12302 | $1,220 | $1,400 | $1,680 | $2,000 | $2,210 | −$10 (−0.6%) | 2% below |
| 12304 | $1,100 | $1,280 | $1,540 | $1,840 | $2,030 | +$20 (+1.3%) | 10% below |
| 12305 | $1,100 | $1,280 | $1,540 | $1,840 | $2,030 | +$100 (+6.9%) | 10% below |
| 12306 | $1,180 | $1,360 | $1,630 | $1,940 | $2,140 | +$20 (+1.2%) | 5% below |
| 12307 | $1,110 | $1,280 | $1,540 | $1,840 | $2,030 | −$10 (−0.6%) | 10% below |
| 12308 | $1,140 | $1,320 | $1,580 | $1,880 | $2,080 | +$10 (+0.6%) | 8% below |
| 12309 | $1,390 | $1,600 | $1,920 | $2,290 | $2,520 | +$10 (+0.5%) | 12% above |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.