RentData

Average Rent in Hamilton County, NY Rents rising 16.6% YoY

HUD FY2025 · Official government data · Updated annually · Metro pop. 5,102

Data review: HUD FY2025Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Hamilton County, NY has rental prices ranging from $1,006/month to $1,762/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,013/month — 28% below the national average of $1,400/month. With a median household income of $68,950/year, spending $1,013/month on a 1-bedroom represents 18% of gross income — within the recommended 30% threshold.

How Hamilton County Compares

With an average 2-bedroom rent of $1,329/month, Hamilton County ranks #12 most expensive of the 41 cities tracked in New York — pricier than 87% of all US cities in our data.

The Hamilton County Rental Market

The Hamilton County, NY area has a population of about 5,102 and 18% 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 Hamilton County, NY have risen by $189/month (16.6%) over the past year, from $1,140 to $1,329. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.

Affordability

To afford a 1-bedroom apartment in Hamilton County, NY without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $40,520. The local median household income of $68,950 exceeds that threshold by $28,430, making Hamilton County relatively accessible compared to local wages.

Economy & Jobs

Hamilton County, NY has an unemployment rate of 3.7%, 0.2 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.

Fair Market Rents

HUD FY2025
Studio
$1,006
Affordable
1 Bedroom
$1,013
Affordable
2 Bedrooms
$1,329
16.6% YoY
Affordable
3 Bedrooms
$1,601
Affordable
4 Bedrooms
$1,762
Average
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Is Hamilton County, NY Affordable?

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

Affordability Index(30% income rule)

To rent a 2BR
$53,160/year
Local median income: $68,950
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $1,329/month and 20% down on a home at 7% rate.

Nearby Cities in NYlargest metros in the state

CityStudio1BR2BR3BRHome Value
Poughkeepsie$1,088$1,160$1,467$1,868
Nassau$1,848$2,241$2,586$3,352
New York$2,406$2,511$2,780$3,465
Buffalo$968$1,001$1,176$1,438
Rochester$1,022$1,149$1,427$1,720
Albany$1,074$1,230$1,487$1,792

Rent or Buy in Hamilton County?

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

Should I Rent or Buy?

Break-even analysis using real Hamilton County data

$
Home Value
$350,000
2BR Rent
$1,329/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $2,577/movs rent: $1,329/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Hamilton County

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

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Frequently Asked Questions

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🏘️Neighborhoods in Hamilton County

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💵Rent Affordability in Hamilton County

Salary needed to afford rent here

🗺️All Cities in NY

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📋NY Tenant Rights

Deposit limits, eviction laws & renters protections