Rent in Albany-Schenectady-Troy, NY MSA
The Fair Market Rent (FMR) for a two-bedroom home in Albany-Schenectady-Troy, NY MSA is $1,702/month for HUD fiscal year 2026 — HUD's estimate of the 40th-percentile gross rent for standard-quality rentals in this market.
Quick answer: A two-bedroom in Albany-Schenectady-Troy, NY MSA has an FMR of $1,702/month (FY2026). That is 75% above the national median of $974. Albany-Schenectady-Troy, NY MSA ranks #164 of 2,622 HUD FMR areas by two-bedroom rent (1 = most expensive).
Fair Market Rent by bedroom size, Albany-Schenectady-Troy, NY MSA
| Unit size | Fair Market Rent / month |
|---|---|
| Studio / efficiency | $1,217 |
| 1 bedroom | $1,417 |
| 2 bedrooms | $1,702 |
| 3 bedrooms | $2,041 |
| 4 bedrooms | $2,253 |
Nearby on the rent ranking
- Gates County, NC HUD Metro FMR Area$1,709/mo
- Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area$1,709/mo
- Palm Bay-Melbourne-Titusville, FL MSA$1,709/mo
- Gulf County, FL$1,702/mo
- Deltona-Daytona Beach-Ormond Beach, FL HUD Metro FMR Area$1,700/mo
- Amador County, CA$1,698/mo
Frequently asked questions
- How much is rent in Albany-Schenectady-Troy, NY MSA?
- The Fair Market Rent (FMR) for a two-bedroom unit in Albany-Schenectady-Troy, NY MSA is $1,702 per month for HUD fiscal year 2026. A one-bedroom is $1,417 and a three-bedroom is $2,041 per month.
- What is the studio and one-bedroom Fair Market Rent in Albany-Schenectady-Troy, NY MSA?
- For FY2026, HUD's efficiency/studio FMR in Albany-Schenectady-Troy, NY MSA is $1,217 per month and the one-bedroom FMR is $1,417 per month.
- How is the Fair Market Rent for Albany-Schenectady-Troy, NY MSA calculated?
- HUD's Fair Market Rent is an estimate of the 40th-percentile gross rent — rent plus tenant-paid utilities, excluding telephone, cable, satellite and internet — for standard-quality rental units in the local housing market. Figures are set per HUD FMR area and apply to every county within that area.
- What are Fair Market Rents used for in Albany-Schenectady-Troy, NY MSA?
- FMRs set the payment standards for the Housing Choice Voucher (Section 8) program and other HUD rental-assistance programs in Albany-Schenectady-Troy, NY MSA. They cap the subsidy a voucher can pay toward rent and are also widely used as a benchmark for typical local rents.
- How does rent in Albany-Schenectady-Troy, NY MSA compare nationally?
- Albany-Schenectady-Troy, NY MSA ranks #164 of 2,622 HUD FMR areas by two-bedroom FMR (1 = most expensive). The national median two-bedroom FMR is $974 per month.
Source: U.S. Department of Housing and Urban Development (HUD USER), FY2026 Fair Market Rents. Public domain (17 U.S.C. § 105). Figures effective 1 October 2025. Last updated 2025-10-01.