Average Rent in Allegany County, NY↑ Rents rising 3.1% YoY🔻 Cheapest in NY

Allegany County, NY has rental prices ranging from $700/month to $1,362/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $745/month — 47% below the national average of $1,400/month. With a median household income of $61,233/year, spending $745/month on a 1-bedroom represents 15% of gross income — within the recommended 30% threshold.

How Allegany County Compares

With an average 2-bedroom rent of $933/month, Allegany County ranks #41 most expensive of the 41 cities tracked in New York — more affordable than 60% of all US cities in our data.

The Allegany County Rental Market

The Allegany County, NY area has a population of about 47,027 and 20% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Allegany County, NY have risen by $28/month (3.1%) over the past year, from $905 to $933. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Allegany County, NY without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $29,800. The local median household income of $61,233 exceeds that threshold by $31,433, making Allegany County relatively accessible compared to local wages.

Economy & Jobs

Allegany County, NY has an unemployment rate of 5.0%, 1.1 percentage points above the national average of 3.9%. A higher unemployment rate can moderate rental demand over time, which may help keep rent growth in check compared to tighter job markets.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Allegany County's neighborhoods. Among the highest-value areas are Stannards ($158,965 median home value). Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Is Allegany County, NY Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Allegany County?

Break-even analysis and mortgage estimates based on local market data.

Living in Allegany County

Cost of living, job market, crime rates, and moving cost estimates.