Rentometer, Inc. | Data as of 10/22/2025
Rensselaer, a vibrant city in New York’s Capital Region, offers a diverse rental landscape that blends historic charm with modern convenience. Situated just across the Hudson River from Albany, the city boasts easy access to downtown amenities, trolley connections, and a thriving waterfront corridor. Residents enjoy proximity to cultural attractions such as the historic Rensselaer Downtown Historic District, the scenic Riverfront Plaza, and the bustling downtown shopping and dining scene along Broadway. The presence of nearby institutions like Rensselaer Polytechnic Institute and several corporate campuses adds a dynamic, student‑friendly energy to the rental market.
Apartment rentals dominate the local inventory, ranging from cozy one‑bedroom units to spacious three‑bedroom layouts. One‑bedroom apartments typically fall in the $1,600 to $1,900 range, making them an appealing choice for young professionals and couples. Two‑bedroom options often sit in the $2,100 to $2,300 range, providing comfortable space for small families or roommates. For those seeking more room, three‑bedroom apartments commonly range from $2,500 to $2,800, balancing affordability with the flexibility of larger living areas. While apartments are the primary offering, a modest selection of single‑family homes is also available, particularly in established neighborhoods such as Oakdale and Riverbank, where historic architecture meets contemporary updates.
The city's rental market is supported by a variety of amenities, including well‑maintained parks, the Rensselaer Public Library, and convenient transit options that connect residents to the broader Capital Region. With a blend of affordable price points, convenient location, and a welcoming community atmosphere, Rensselaer remains an attractive destination for renters seeking both convenience and character.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,653 | $1,789 | $700 - $1,975 | $1,610 - $1,885 |
| Apartment | 2 Bedroom | $2,133 | $2,255 | $1,695 - $2,595 | $1,875 - $2,291 |
| Apartment | 3 Bedroom | $2,537 | $2,610 | $2,135 - $2,793 | $2,461 - $2,793 |
In the current period, the average rent in Rensselaer was
$1,580 for 1 Bedroom,
$2,133 for 2 Bedroom, and
$2,100 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.