For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Rensselaer, NY is $1,970 a month. That is up 1.5% from $1,940 in FY 2026. Rensselaer is in the Albany-Schenectady-Troy, NY MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,711. The median county two-bedroom FMR in New York is $1,385, so Rensselaer is 42% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Rensselaer, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,390
$1,420
+2.2%
$1,278–$1,562
1BR
$1,610
$1,640
+1.9%
$1,476–$1,804
2BR
$1,940
$1,970
+1.5%
$1,773–$2,167
3BR
$2,330
$2,350
+0.9%
$2,115–$2,585
4BR
$2,570
$2,590
+0.8%
$2,331–$2,849
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Rensselaer, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,420
$1,640
$1,970
$2,350
$2,590
FY 2026
$1,390
$1,610
$1,940
$2,330
$2,570
FY 2025
$1,160
$1,320
$1,600
$1,930
$2,120
FY 2024
$1,040
$1,160
$1,410
$1,700
$1,880
FY 2023
$970
$1,090
$1,320
$1,610
$1,770
Questions about Rensselaer, NY rents
How much will Section 8 pay for a two-bedroom in Rensselaer, NY?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,711, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,540 to $1,882 a month; under the ZIP-level Small Area FMR of $1,970 it would be $1,773 to $2,167. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Rensselaer, NY in?
Rensselaer, NY is in the Albany-Schenectady-Troy, NY MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,711.
How much did fair market rent change in Rensselaer, NY for FY 2027?
The two-bedroom FMR rose 1.5%, from $1,940 in FY 2026 to $1,970 in FY 2027. Since FY 2023 it has risen 49.2%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set