RentData

Average Rent in Rochester, NY Rents rising 9.2% YoY

HUD FY2025 · Official government data · Updated annually · Metro pop. 1,058,875

Data review: HUD FY2025Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Rochester, NY has rental prices ranging from $1,022/month to $1,892/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,149/month — 18% below the national average of $1,400/month. With a median household income of $74,438/year, spending $1,149/month on a 1-bedroom represents 19% of gross income — within the recommended 30% threshold.

How Rochester Compares

With an average 2-bedroom rent of $1,427/month, Rochester ranks #9 most expensive of the 41 cities tracked in New York — pricier than 90% of all US cities in our data.

The Rochester Rental Market

The Rochester, NY area has a population of about 1,058,875 and 33% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Rochester, NY have risen by $120/month (9.2%) over the past year, from $1,307 to $1,427. 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 Rochester, NY without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $45,960. The local median household income of $74,438 exceeds that threshold by $28,478, making Rochester relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Rochester, NY is $247,928, giving a price-to-rent ratio of 14.5. The break-even point between renting and buying is roughly 14 years — renting offers more flexibility for shorter stays, while buying makes more sense for long-term residents.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Rochester's neighborhoods. Among the highest-value areas are Dutchtown ($85,744 median home value), Upper Falls ($88,205 median home value), Charles House Area Council ($96,497 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Fair Market Rents

HUD FY2025
Studio
$1,022
Affordable
1 Bedroom
$1,149
Affordable
2 Bedrooms
$1,427
9.2% YoY
Affordable
3 Bedrooms
$1,720
Affordable
4 Bedrooms
$1,892
Average
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Median Home Value
$247,928
Source: Zillow ZHVI
Est. monthly payment
$1,320/mo
20% down · 30yr · 7%

Is Rochester, 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
$57,080/year
Local median income: $74,438
To buy a median home
$52,783/year
US national median: $75,000
💡 Based on a 2BR rent of $1,427/month and 20% down on a $247,928 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
Albany$1,074$1,230$1,487$1,792
Syracuse$963$1,074$1,321$1,616

Rent or Buy in Rochester?

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

Should I Rent or Buy?

Break-even analysis using real Rochester data

$
Home Value
$247,928
2BR Rent
$1,427/mo
Mortgage Rate
7%
Monthly P&I
$1,320/mo
🏠 Buy

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

Total monthly buy cost: $1,826/movs rent: $1,427/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Mortgage Calculator

Estimate monthly payment for $247,928 home at 7% rate

20% — $49,586
3%50%
Estimated Monthly Payment
$1,320
per month · 30 years · 7% APR
Loan Amount
$198,342
Total Paid
$475,048
Total Interest
$276,706
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

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Frequently Asked Questions

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🏘️Neighborhoods in Rochester

Compare rent & home prices by neighborhood

⚖️Rent vs Buy in Rochester

Is it cheaper to rent or buy here?

💵Rent Affordability in Rochester

Salary needed to afford rent here

🗺️All Cities in NY

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⚖️Compare Rochester

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📋NY Tenant Rights

Deposit limits, eviction laws & renters protections