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Section 8 Fair Market Rent in Albany-Schenectady-Troy, NY (FY2027)
HUD's official FY2027 Fair Market Rents for the Albany-Schenectady-Troy, NY MSA, by bedroom count. These figures set the baseline for what the Housing Choice Voucher program pays landlords in this area.
| Unit size | FY2027 FMR | Payment standard range (90–110%) |
|---|---|---|
| Studio / efficiency | $1,238 | $1,114 – $1,362 |
| 1 bedroom | $1,425 | $1,283 – $1,568 |
| 2 bedrooms | $1,711 | $1,540 – $1,882 |
| 3 bedrooms | $2,039 | $1,835 – $2,243 |
| 4 bedrooms | $2,249 | $2,024 – $2,474 |
Source: HUD User — FY 2027 Fair Market Rents. FY2027 FMRs are effective October 1, 2026. FY2027 FMRs take effect October 1, 2026; until that date, the prior FY2026 schedule remains in effect. Retrieved 2026-09-07.
How this market compares
The 2-bedroom FMR here is $1,711 — 42% above the New York median of $1,205 across all 39 FMR areas in the state.
Counties and towns covered
The Albany-Schenectady-Troy, NY FMR area is a metro area covering: Albany County, Rensselaer County, Saratoga County, Schenectady County, Schoharie County. One FMR applies across the whole area — HUD does not publish separate figures per city or ZIP here (some large metros have Small Area FMRs by ZIP; check with the local housing authority).
What a landlord actually collects
FMR is the baseline, not the contract rent. The local housing authority sets a payment standard between 90% and 110% of FMR (the range in the table above), and your unit must pass a rent-reasonableness comparison against similar unassisted rentals nearby. The voucher then covers the gap between the tenant's share (roughly 30% of their income) and the approved rent.
Run the numbers for a deal in Albany-Schenectady-Troy: Section 8 vs market rent, DSCR, or cash-on-cash return.
Comparable New York markets by 2BR FMR
| FMR area | 1 BR | 2 BR | 3 BR |
|---|---|---|---|
| Ithaca | $1,427 | $1,709 | $2,040 |
| Kingston | $1,436 | $1,878 | $2,282 |
| Columbia County | $1,300 | $1,503 | $1,837 |
| Syracuse | $1,196 | $1,493 | $1,808 |
| Watertown-Fort Drum | $1,111 | $1,453 | $1,995 |
| Buffalo-Cheektowaga | $1,203 | $1,423 | $1,732 |
Informational only — not financial, legal, or lending advice. Confirm current payment standards with the housing authority serving Albany-Schenectady-Troy.