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City Report · NY

Farmingdale

Pop. 8,474·53rd most expensive in New York·One of the pricier rental markets in the US
Median rent (all units)
$2,948/mo
Year-over-Year
Stable
Month-over-Month
-2.6%
vs US Median
+$986
Falling (Monthly)
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Most AffordableMost Expensive
Farmingdale · $2,948
More expensive than 89% of US cities · National median $1,962/mo
Affordability
29% of income
AFFORDABLE
0%30% benchmark60%+

At $2,948/mo, rent takes about 29% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$118,000/yr
Local median income
$122,980/yr
Based on the 30%-of-income rule using Farmingdale's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,770
1 BR
$2,150
2 BR
$2,480
3 BR
$3,210
4 BR+
$3,440
Fair Market Rent (HUD)
$2,480/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,948 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 →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$35,376/yr
At $2,948/mo median
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 0.0% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+0.0% YoY, -2.6% MoM), not inventory.
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Demographics

Who lives here

Farmingdale, NY is majority owner-occupied, has a large retiree population, has a median income above the national average, 52.7% of residents hold a bachelor's degree or higher.

Population
8,474
Median income
$122,980
Median age
43.5
Renters
30%
Age distribution
19.2%
21%
21.6%
17.2%
21%
Under 1819.2%
18–3421%
35–5421.6%
55–6417.2%
65+21%
Gender
45%
55%
Male45%
Female55%
Race & ethnicity
74.4%
16.8%
White74.4%
Black2.8%
Hispanic16.8%
Asian5.6%
Education (25+)
16.7%
22.7%
52.7%
No HS diploma7.8%
HS diploma16.7%
Some college22.7%
Bachelor's+52.7%
Housing tenure
70%
30%
Owner70%
Renter30%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Farmingdale, NY has changed in 5 years

Income
$116,103 → $122,980
up 5.9%
Population
8,468 → 8,474
up 0.1%
Renter share
32.2% → 30%
-2.2 pts
Bachelor's+
46.6% → 52.7%
+6.1 pts
Median age
45.7 → 43.5
-2.2 yrs

Census figures show median household income at $122,980 today, compared with $116,103 five years earlier. The renter share has eased from 32.2% to 30%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 46.6% to 52.7% across the same window.

Community

Discussions about Farmingdale

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View Farmingdale rent history (2015–2026) →
Salary vs rent

Can you afford rent in Farmingdale on your salary?

At $2,948/mo, how Farmingdale rent compares to typical pay (30% rule).

By apartment size

Farmingdale rent by bedroom count

Median rent for each apartment size in Farmingdale. Click any size for full breakdown.

Local insights

Tips for renters in Farmingdale

About renting in Farmingdale, NY

Last updated: August 17, 2026

The median rent in Farmingdale is $2,948/mo as of August 2026. A studio apartment averages $1,770/mo while a 2-bedroom runs $2,480/mo. One-bedroom apartments average $2,150/mo and 3-bedroom units go for $3,210/mo.

At 29% of local median household income ($122,980/yr), Farmingdale ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Farmingdale an affordable city for renters?

Farmingdale is considered affordable for renters. At $2,948/mo, rent takes approximately 29% of the local median household income ($122,980/yr). The standard benchmark is 30%. Farmingdale falls comfortably within that range.

How much income do you need to rent in Farmingdale?

To keep rent at or below 30% of gross income, you would need to earn at least $118,000/year (~$57/hour full-time) to afford the median rent of $2,948/mo in Farmingdale. The local median household income is $122,980/yr, meaning the typical Farmingdale household meets that threshold.

Is rent going up or down in Farmingdale?

Rent in Farmingdale has been relatively stable over the past year, with a 0.0% change year over year as of August 2026.

How does Farmingdale rent compare to other cities in New York?

Farmingdale is middle-of-the-pack for New York for rent, ranking #53 out of 125 tracked cities at $2,948/mo.

What percentage of Farmingdale residents rent vs. own?

According to Census data, approximately 30% of Farmingdale households are renters, while 70% are owner-occupied. Farmingdale leans toward homeownership, which can mean a smaller rental inventory.

How does Farmingdale rent compare to the national average?

Farmingdale's median rent of $2,948/mo is $986 (50%) above the US national median of $1,962/mo. Within New York, it ranks #53 out of 125 tracked cities.
Income Affordability
29%
AFFORDABLE

At $2,948/mo, rent takes ~29% of Farmingdale's median household income ($122,980/yr). The standard benchmark is 30%.

Farmingdale 29%Benchmark 30%
State income tax4–10.9%
Run the Farmingdale affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Farmingdale, NY

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