Rents are right about where Ballston Spa's 10-year trend predicts.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,001 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Ballston Spa is 1.6% below its high of $2,033 in June 2026, at $2,001 as of September 2026.
Rent in Ballston Spa changed +4.0% over the year to September 2026. Across the 82 New York cities Zillow tracks, the typical change was +5.3%.
Rent has fallen 3 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($101,667) is $2,542 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,440).
Clifton Park, 11 miles away, rents for 16% less ($1,677/mo), about $3,900 a year in savings.
From Zillow's monthly rent index (ZORI) for Ballston Spa. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Ballston Spa, NY is majority owner-occupied, has a median income above the national average, 45.8% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Ballston Spa, NY has changed in 5 years
Compared with 2023, rent in Ballston Spa, NY has climbed by $271 per month, settling near $2,001 after starting the period at $1,730. Census figures show median household income at $101,667 today, compared with $73,993 five years earlier. Income growth outran rent by about 21.7 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 5,510 to 5,027 between 2021 and 2024, a 8.8% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 42.8% to 45.8%. The combined trend lines point to a market that has changed measurably from where it stood in early 2023.
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Can you afford rent in Ballston Spa on your salary?
At $2,001/mo, how Ballston Spa rent compares to typical pay (30% rule).
Ballston Spa rent by bedroom count
Median rent for each apartment size in Ballston Spa. Click any size for full breakdown.
Tips for renters in Ballston Spa
Last updated: October 17, 2026
The median rent in Ballston Spa is $2,001/mo as of October 2026. A studio apartment averages $1,330/mo while a 2-bedroom runs $1,840/mo. One-bedroom apartments average $1,520/mo and 3-bedroom units go for $2,220/mo.
At 24% of local median household income ($101,667/yr), Ballston Spa ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.0% over the past year.
Frequently asked questions
How much income do you need to rent in Ballston Spa?
Is rent going up or down in Ballston Spa?
How does Ballston Spa rent compare to other cities in New York?
Which nearby cities are cheaper to rent in than Ballston Spa?
At $2,001/mo, rent takes ~24% of Ballston Spa's median household income ($101,667/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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